First Foundation Inc. - Understand $ffwm stock

$FFWM Market Cap: $653.8 Million

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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

$1.106B

Q3 2024

P/E

-8.632

Nov 29, 2024 EST

Free Cash Flow

-$26.60M

TTM

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

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
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

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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 %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

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

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

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
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

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