First Foundation Inc (OQ:FFWM)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 18101 von Karman Ave Ste 700
IRVINE CA 92612-0145
Tel: N/A
IR: See website
Key People
Ulrich E. Keller
Executive Chairman of the Board
David S. DePillo
President, President of First Foundation Bank
Scott F. Kavanaugh
Chief Executive Officer, Vice Chairman of the Board
John M. Michel
Chief Financial Officer, Executive Vice President
John A. Hakopian
President of FFA and Director
Lindsay A Lawrence
Executive Vice President, Chief Operating Officer of FFB
Business Overview
First Foundation Inc. is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company's segments include Banking, Investment Management and Wealth Planning (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. The Company's integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.
Financial Overview
For the fiscal year ended 31 December 2019, First Foundation Inc interest income increased 20% to $248.8M. Net interest income after loan loss provision increased 11% to $167.3M. Net income increased 31% to $56.2M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from Gain on sale of loans increase from $419K to $4.2M (income).
Employees: 482 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,419M as of Dec 31, 2019
Annual revenue (TTM): $248.76M as of Dec 31, 2019
EBITDA (TTM): $72.02M as of Dec 31, 2019
Net annual income (TTM): $56.24M as of Dec 31, 2019
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $677.61M as of Dec 31, 2019
Shares outstanding: 44,670,743 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization