NasdaqGM:FFWM

Stock Analysis Report

Executive Summary

First Foundation Inc., through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has First Foundation's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

NasdaqGM:FFWM

3.3%

US Banks

2.1%

US Market


1 Year Return

-12.8%

NasdaqGM:FFWM

-13.8%

US Banks

-0.04%

US Market

FFWM outperformed the Banks industry which returned -14.8% over the past year.

FFWM underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

FFWMIndustryMarket
7 Day-2.4%3.3%2.1%
30 Day-3.1%-7.0%-3.2%
90 Day3.0%-2.3%2.8%
1 Year-12.2%-12.8%-11.3%-13.8%2.2%-0.04%
3 Year15.1%14.3%42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is First Foundation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Foundation undervalued based on future cash flows and its price relative to the stock market?

6%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First Foundation's share price is below the future cash flow value, but not at a moderate discount (< 20%).

First Foundation's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First Foundation is good value based on earnings compared to the US Banks industry average.

First Foundation is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Foundation is good value based on expected growth next year.


Price Based on Value of Assets

First Foundation is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Foundation expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Foundation's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).

First Foundation's earnings are expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).

First Foundation's revenue growth is expected to exceed the United States of America market average.

First Foundation's earnings growth is expected to exceed the United States of America market average.

First Foundation's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Foundation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Foundation performed over the past 5 years?

34.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Foundation has delivered over 20% year on year earnings growth in the past 5 years.

First Foundation's 1-year earnings growth exceeds its 5-year average (102.1% vs 34.1%)

First Foundation's earnings growth has exceeded the US Banks industry average in the past year (102.1% vs 33.2%).


Return on Equity

First Foundation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Foundation used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Foundation improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Foundation's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First Foundation has an acceptable proportion of non-loan assets held.

First Foundation has a sufficient allowance for bad loans.

First Foundation's liabilities are made up of primarily low risk sources of funding.

First Foundation's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at First Foundation are broadly funded by customer deposits.

First Foundation has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Foundation's current dividend yield, its reliability and sustainability?

1.55%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase First Foundation before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

First Foundation's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Foundation's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

It is too early to tell whether First Foundation has stable dividend payments.

First Foundation only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (11.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Foundation's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Scott Kavanaugh (58yo)

9.7yrs

Tenure

US$1,592,900

Compensation

Mr. Scott Farris Kavanaugh has been the Chief Executive Officer of First Foundation Inc. since December 2009. Mr. Kavanaugh has been Chairman and Chief Executive Officer of First Foundation Bank since Sept ...


CEO Compensation Analysis

Scott's remuneration is lower than average for companies of similar size in United States of America.

Scott's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

58.5yo

Average Age

The tenure for the First Foundation management team is about average.


Board Age and Tenure

12.2yrs

Average Tenure

53yo

Average Age

The average tenure for the First Foundation board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by First Foundation individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$9,81530 Jul 19
Elizabeth Pagliarini
EntityIndividual
Role
Member of the Board of Directors
Director
Shares650
Max PriceUS$15.10
BuyUS$14,97029 Jul 19
Diane Rubin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$14.97
BuyUS$121,21217 Sep 18
Max Briggs
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,400
Max PriceUS$16.38
BuyUS$87,56029 Aug 18
James Brakke
EntityIndividual
Shares5,500
Max PriceUS$15.92
BuyUS$54,83324 Aug 18
Martha Corbett
EntityIndividual
Shares3,355
Max PriceUS$16.35

Ownership Breakdown


Management Team

  • John Michel (59yo)

    Executive VP & CFO

    • Tenure: 11.9yrs
    • Compensation: US$695.30k
  • Scott Kavanaugh (58yo)

    Vice Chairman & CEO

    • Tenure: 9.7yrs
    • Compensation: US$1.59m
  • Dave DePillo (58yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$1.25m
  • Rick Keller (63yo)

    Executive Chairman

    • Tenure: 12.2yrs
    • Compensation: US$846.50k
  • Adriano Darmawan

    CTO & Executive VP

    • Tenure: 0.0yrs
  • Louis Abel

    Chief Investment Officer

    • Tenure: 0.0yrs
  • Tyler Resh

    Director of Marketing & Strategy

    • Tenure: 4.8yrs
  • Anita Young

    Senior Vice President and Director of Specialty Deposits

    • Tenure: 4.1yrs
  • Curt Freeman

    Senior Vice President and Construction Products Manager

    • Tenure: 4.1yrs
  • Robert Sjogren

    General Counsel

    • Tenure: 1.6yrs

Board Members

  • Scott Kavanaugh (58yo)

    Vice Chairman & CEO

    • Tenure: 9.7yrs
    • Compensation: US$1.59m
  • Coby Sonenshine (48yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$90.00k
  • Diane Rubin (48yo)

    Director

    • Tenure: 0.3yrs
  • Rick Keller (63yo)

    Executive Chairman

    • Tenure: 12.2yrs
    • Compensation: US$846.50k
  • John Hakopian (51yo)

    President of First Foundation Advisors & Director

    • Tenure: 12.6yrs
    • Compensation: US$575.00k
  • Max Briggs (53yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: US$90.00k
  • Mitch Rosenberg (65yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$90.00k
  • David Lake (53yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$50.00k
  • Elizabeth Pagliarini (67yo)

    Director

    • Tenure: 0.3yrs

Company Information

First Foundation Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Foundation Inc.
  • Ticker: FFWM
  • Exchange: NasdaqGM
  • Founded: 1990
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$633.843m
  • Shares outstanding: 44.64m
  • Website: https://www.firstfoundationinc.com

Number of Employees


Location

  • First Foundation Inc.
  • 18101 Von Karman Avenue
  • Suite 700
  • Irvine
  • California
  • 92612
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFWMNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDNov 2014
8F1DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2014

Biography

First Foundation Inc., through its subsidiaries, provides financial services to individuals, businesses, and other organizations in the United States. It operates in two segments, Banking; and Investment M ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:27
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.