First Foundation Inc (N:FFWM)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 200 Crescent Court Suite 1400 DALLAS TX 75201 |
| Tel: | 1-949-4760300 |
| Website: | https://firstfoundationinc.com |
| IR: | See website |
| Key People | ||
| Ulrich E. Keller Executive Chairman of the Board | Scott F. Kavanaugh President, Chief Executive Officer, Vice Chairman of the Board of the Company and Bank | James Britton Chief Financial Officer, Executive Vice President |
| Christopher M. Naghibi Executive Vice President and Chief Operating Officer of FFB | Amy Djou Senior Vice President, Chief Accounting Officer and Deputy Chief Financial Officer of the Bank | |
| Business Overview |
| First Foundation Inc. is a financial services company that provides a comprehensive platform of financial services to individuals, businesses, and other organizations. The Company 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. It 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Foundation Inc interest income increased 42% to $573.7M. Net interest income after loan loss provision decreased 36% to $202.8M. Net loss totaled $199.1M vs. income of $110.5M. Net interest income after loan loss provision reflects Banking segment decrease of 35% to $209.9M, Net Interest Margin - Total - % decrease of 45% to 1.59%, Net Interest Spread - Total - % decrease of 75% to 0.6%. |
| Employees: | 567 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $573.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $84.01M as of Dec 31, 2023 |
| Net annual income (TTM): | -$199.06M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$11.41M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 56,467,623 as of Feb 21, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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