First Foundation Inc. (FFWM) Income Statement Analysis

See more : NorthIsle Copper and Gold Inc. (NTCPF) Income Statement Analysis – Financial Results

Complete financial analysis of First Foundation Inc. (FFWM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Foundation Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

You may be interested

Jouder Precision Industry (Kunshan) Co., Ltd. (300549.SZ) Income Statement Analysis – Financial Results
Bhansali Engineering Polymers Limited (BEPL.BO) Income Statement Analysis – Financial Results
MeridianLink, Inc. (MLNK) Income Statement Analysis – Financial Results
Myer Holdings Limited (MYR.AX) Income Statement Analysis – Financial Results
Lightning Minerals Ltd (L1M.AX) Income Statement Analysis – Financial Results

First Foundation Inc. (FFWM)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.firstfoundationinc.com

About First Foundation Inc.

First Foundation Inc., through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. It also provides various specialized services comprising trust services, internet and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, the company offers investment management and financial planning services; treasury management services; advisory and coordination services in the areas of estate planning, retirement planning, and charitable and business ownership issues; and financial, investment, and economic advisory and related services. Further, it provides support services, including the processing and transmission of financial and economic data for charitable organizations. The company operates through a network of 28 branch offices and 3 loan production offices in California, Nevada, Texas, and Hawaii. First Foundation Inc. was founded in 1985 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	174.85M	328.75M	294.96M	243.85M	193.87M	176.30M	152.34M	124.01M	86.96M	67.56M	55.50M	44.35M	40.72M
Cost of Revenue	-398.84M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	40.72M
Gross Profit	573.69M	328.75M	294.96M	243.85M	193.87M	176.30M	152.34M	124.01M	86.96M	67.56M	55.50M	44.35M	0.00
Gross Profit Ratio	328.10%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	84.30M	110.22M	87.91M	73.87M	69.93M	67.51M	56.56M	48.57M	40.46M	33.55M	28.76M	23.27M	0.00
Selling & Marketing	0.00	13.66M	12.22M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	84.30M	110.22M	87.91M	73.87M	69.93M	67.51M	56.56M	48.57M	40.46M	33.55M	28.76M	23.27M	10.68M
Other Expenses	90.55M	-70.13M	-231.09M	-198.95M	-184.31M	-132.03M	-135.11M	-123.06M	-98.31M	-81.71M	-71.27M	-56.66M	-5.34M
Operating Expenses	174.85M	13.66M	-143.18M	-125.08M	-114.37M	-64.52M	-78.56M	-74.48M	-57.85M	-48.16M	-42.51M	-33.40M	5.34M
Cost & Expenses	174.85M	13.66M	-143.18M	-125.08M	-114.37M	-64.52M	-78.56M	-74.48M	-57.85M	-48.16M	-42.51M	-33.40M	31.62M
Interest Income	573.69M	403.88M	247.22M	243.89M	248.76M	207.31M	136.80M	100.64M	64.47M	47.40M	39.18M	30.87M	0.00
Interest Expense	371.39M	85.19M	13.93M	47.25M	78.81M	51.70M	23.18M	11.19M	6.28M	4.58M	3.51M	3.15M	90.00K
Depreciation & Amortization	0.00	5.95M	4.90M	5.10M	5.31M	4.79M	2.78M	1.86M	1.35M	1.23M	1.04M	591.00K	339.00K
EBITDA	-191.87M	158.51M	158.63M	125.40M	86.10M	65.96M	53.93M	40.62M	24.36M	16.05M	10.52M	8.40M	9.44M
EBITDA Ratio	-109.73%	71.48%	53.78%	51.43%	44.41%	66.73%	50.62%	41.44%	35.03%	30.54%	25.28%	26.03%	23.17%
Operating Income	-191.87M	226.28M	151.79M	118.77M	79.50M	111.78M	73.78M	49.53M	29.11M	19.41M	12.99M	10.95M	9.10M
Operating Income Ratio	-109.73%	68.83%	51.46%	48.71%	41.01%	63.40%	48.43%	39.94%	33.48%	28.72%	23.40%	24.70%	22.34%
Total Other Income/Expenses	-8.20M	0.00	-2.61M	0.00	490.00K	-3.79M	-2.60M	0.00	0.00	-1.23M	-1.04M	-591.00K	0.00
Income Before Tax	-200.06M	149.80M	151.79M	118.77M	79.50M	60.09M	50.60M	38.33M	22.83M	14.82M	9.48M	7.81M	9.10M
Income Before Tax Ratio	-114.42%	45.57%	51.46%	48.71%	41.01%	34.08%	33.22%	30.91%	26.25%	21.94%	17.08%	17.61%	22.34%
Income Tax Expense	-1.00M	39.29M	42.27M	34.40M	23.26M	17.13M	23.02M	15.03M	9.45M	6.43M	1.63M	2.01M	0.00
Net Income	-199.06M	110.51M	109.51M	84.37M	56.24M	42.96M	27.58M	23.30M	13.38M	8.39M	7.85M	5.80M	9.10M
Net Income Ratio	-113.85%	33.62%	37.13%	34.60%	29.01%	24.37%	18.11%	18.79%	15.38%	12.42%	14.15%	13.08%	22.34%
EPS	-3.53	1.96	2.42	1.89	1.26	1.02	0.80	0.72	0.60	0.54	0.39	0.29	0.74
EPS Diluted	-3.53	1.96	2.41	1.88	1.25	1.01	0.78	0.70	0.58	0.51	0.39	0.29	0.71
Weighted Avg Shares Out	56.43M	56.42M	44.64M	44.64M	44.62M	42.09M	34.48M	32.37M	22.31M	15.47M	19.91M	19.91M	12.33M
Weighted Avg Shares Out (Dil)	56.43M	56.49M	44.90M	44.90M	44.91M	42.57M	35.33M	33.47M	23.15M	16.33M	19.91M	19.91M	12.79M

First Foundation: Attractive Risk/Reward

January 26, 2022seekingalpha.com

First Foundation: Attractive Risk/Reward

Earnings Preview: First Foundation (FFWM) Q4 Earnings Expected to Decline

January 24, 2022zacks.com

First Foundation (FFWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Foundation Inc. Announces Fourth Quarter 2021 Earnings Conference Call Details

January 6, 2022businesswire.com

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its fourth quarter 2021 earnings results before the market opens...

First Foundation, Inc. (FFWM) CEO Scott Kavanaugh on Q3 2021 Results - Earnings Call Transcript

October 26, 2021seekingalpha.com

First Foundation, Inc. (FFWM) CEO Scott Kavanaugh on Q3 2021 Results - Earnings Call Transcript

Preview: First Foundation's Earnings

October 25, 2021benzinga.com

First Foundation (NASDAQ:FFWM) is set to give its latest quarterly earnings report on Tuesday, 2021-10-26. Here's what investors need to know before the announcement.

First Foundation Inc. Announces Third Quarter 2021 Earnings Conference Call Details

October 4, 2021businesswire.com

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its third quarter 2021 earnings results before the market opens...

First Foundation Bank Appoints Tim Cody as Senior Vice President, Managing Director of Construction Lending

August 9, 2021businesswire.com

DALLAS--(BUSINESS WIRE)--First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today the appointment of Tim Cody as Senior Vice President, Managing Director of Construction Lending....