Financial Snapshot

Revenue
$173.6M
TTM
Gross Margin
Net Earnings
-$75.75M
TTM
Current Assets
Current Liabilities
$132.1M
Q3 2024
Current Ratio
Total Assets
$13.38B
Q3 2024
Total Liabilities
$12.31B
Q3 2024
Book Value
$1.070B
Q3 2024
Cash
Q3 2024
P/E
-8.632
Nov 29, 2024 EST
Free Cash Flow
-$26.60M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $35.27M $38.79M $247.2M $243.9M $248.8M $207.3M $136.8M $100.6M $64.47M $47.40M
YoY Change -9.06% -84.31% 1.36% -1.96% 20.0% 51.54% 35.93% 56.1% 36.02%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $35.27M $38.79M $247.2M $243.9M $248.8M $207.3M $136.8M $100.6M $64.47M $47.40M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.199M $8.708M $6.850M $6.640M $6.610M $5.870M $3.330M $1.860M $1.350M $1.230M $1.040M $590.0K $340.0K
YoY Change -5.85% 27.12% 3.16% 0.45% 12.61% 76.28% 79.03% 37.78% 9.76% 18.27% 76.27% 73.53%
% of Gross Profit
Operating Expenses $237.0M
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $371.4M $85.19M $13.93M $47.25M $78.81M $51.70M $23.18M $11.19M $6.281M $4.584M $3.507M
YoY Change 335.96% 511.37% -70.51% -40.05% 52.44% 122.99% 107.12% 78.2% 37.02% 30.71%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income -$200.1M $149.8M $151.8M $118.8M $79.50M $60.09M $50.60M $38.33M $22.83M $14.82M $9.481M $7.808M $9.100M
YoY Change -233.55% -1.31% 27.8% 49.39% 32.31% 18.75% 32.0% 67.9% 54.05% 56.32% 21.43% -14.2%
Income Tax -$1.000M $39.29M $42.27M $34.40M $23.26M $17.13M $23.02M $15.03M $9.454M $6.427M $1.630M $2.007M $0.00
% Of Pretax Income 26.23% 27.85% 28.96% 29.26% 28.51% 45.49% 39.21% 41.41% 43.36% 17.19% 25.7% 0.0%
Net Earnings -$199.1M $110.5M $109.5M $84.37M $56.24M $42.96M $27.58M $23.30M $13.38M $8.394M $7.851M $5.801M $9.100M
YoY Change -280.13% 0.91% 29.8% 50.02% 30.92% 55.75% 18.36% 74.19% 59.38% 6.92% 35.34% -36.25%
Net Earnings / Revenue -564.37% 284.92% 44.3% 34.59% 22.61% 20.72% 20.16% 23.15% 20.75% 17.71%
Basic Earnings Per Share -$3.53 $1.96 $2.42 $1.89 $1.26 $1.02 $0.80 $0.72 $0.60 $0.54 $1.06 $0.88
Diluted Earnings Per Share -$3.53 $1.956M $2.41 $1.88 $1.25 $1.01 $0.78 $0.70 $0.58 $0.51 $1.01 $0.85 $710.9K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $39.93M $36.14M $57.00M $22.00M $25.00M $9.000M $7.000M $7.000M $3.000M $2.000M $3.000M $2.000M $1.000M
YoY Change 10.47% -36.6% 159.09% -12.0% 177.78% 28.57% 0.0% 133.33% 50.0% -33.33% 50.0% 100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.14M $24.20M $21.00M $9.000M $11.00M $13.00M $12.00M $17.00M $15.00M $10.00M $12.00M $10.00M $5.000M
YoY Change 20.43% 15.23% 133.33% -18.18% -15.38% 8.33% -29.41% 13.33% 50.0% -16.67% 20.0% 100.0%
Total Long-Term Assets
YoY Change
Total Assets $13.33B $13.01B $10.20B $6.957B $6.314B $5.840B $4.541B $3.975B $2.593B $1.355B $1.037B $831.0M $552.0M
YoY Change
Accounts Payable $130.5M $147.3M $89.00M $63.00M $49.00M $40.00M $25.00M $14.00M $15.00M $10.00M $7.000M $7.000M $5.000M
YoY Change -11.36% 65.45% 41.27% 28.57% 22.5% 60.0% 78.57% -6.67% 50.0% 42.86% 0.0% 40.0%
Accrued Expenses $28.25M $32.42M $21.00M $16.00M $18.00M
YoY Change -12.86% 54.36% 31.25% -11.11%
Deferred Revenue
YoY Change
Short-Term Debt $349.0M $371.0M
YoY Change -5.93%
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $130.5M $147.3M $110.0M $79.00M $67.00M $40.00M $25.00M $14.00M $15.00M $10.00M $7.000M $7.000M $5.000M
YoY Change -11.36% 33.87% 39.24% 17.91% 67.5% 60.0% 78.57% -6.67% 50.0% 42.86% 0.0% 40.0%
Long-Term Debt $1.582B $1.370B $210.0M $14.00M $10.00M $5.000M $0.00 $0.00 $0.00 $20.00M $7.000M $0.00 $0.00
YoY Change 15.51% 552.35% 1400.0% 40.0% 100.0% -100.0% 185.71%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.582B $1.370B $210.0M $14.00M $10.00M $5.000M $0.00 $0.00 $0.00 $20.00M $7.000M $0.00 $0.00
YoY Change 15.51% 552.35% 1400.0% 40.0% 100.0% -100.0% 185.71%
Total Liabilities $12.40B $11.88B $9.132B $6.261B $5.701B $5.281B $4.146B $3.691B $2.333B $1.256B $951.0M $757.0M $502.0M
YoY Change 4.39% 30.09% 45.86% 9.82% 7.95% 27.38% 12.33% 58.21% 85.75% 32.07% 25.63% 50.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding 56.43M 56.42M 45.27M 44.64M 44.62M 42.09M 34.48M 32.37M 22.31M 15.47M 7.424M 6.604M
Diluted Shares Outstanding 56.43M 56.49M 45.46M 44.90M 44.91M 42.57M 35.33M 33.47M 23.15M 16.33M 7.742M 6.832M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $653.82 Million

About First Foundation Inc.

First Foundation, Inc. is a bank holding, which engages in the provision of a comprehensive platform of financial services to individuals, businesses, and organizations. The company is headquartered in Dallas, Texas and currently employs 567 full-time employees. The company went IPO on 2014-11-03. The firm and its subsidiaries offer personal banking, business banking, and private wealth management services, including investment, trust, insurance, and philanthropy services. Its comprehensive platform of financial services is designed to help each client at any stage in their financial journey. The company operates through two segments: Banking and Investment Management and Wealth Planning (Wealth Management). The Banking segment includes the operations of First Foundation Bank (FFB), First Foundation Insurance Services (FFIS), First Foundation Public Finance (FFPF), and Blue Moon Management LLC. The Wealth Management segment includes the operations of First Foundation Advisors (FFA). Through FFB, it offers a range of loan products, deposit products, treasury management products and services, and trust services.

Industry: State Commercial Banks Peers: 1ST SOURCE CORP GERMAN AMERICAN BANCORP, INC. LAKELAND BANCORP INC OCEANFIRST FINANCIAL CORP Preferred Bank PNC FINANCIAL SERVICES GROUP, INC. SOUTHSIDE BANCSHARES INC TOMPKINS FINANCIAL CORP