First Foundation Balance Sheet Health

Financial Health criteria checks 6/6

First Foundation has total assets of $13.6B and total equity of $928.7M. Total deposits are $10.6B, and total loans are $10.1B. It earns a Net Interest Margin of 1.6%. It has sufficient allowance for bad loans, which are currently at 0.1% of total loans. Cash and short-term investments are $1.6B.

Key information

14.6x

Asset to equity ratio

1.6%

Net interest margin

Total deposits	US$10.64b
Loan to deposit ratio	Appropriate
Bad loans	0.1%
Allowance for bad loans	Sufficient
Current ratio	Low
Cash & equivalents	US$1.59b

Recent financial health updates

No updates

Recent updates

First Foundation GAAP EPS of $0.59 beats by $0.04, revenue of $95.2M beats by $3.2M

Jul 26

First Foundation's (NASDAQ:FFWM) Dividend Will Be Increased To US$0.11

Feb 03

First Foundation: Attractive Risk/Reward

Jan 26

Does First Foundation (NASDAQ:FFWM) Deserve A Spot On Your Watchlist?

Dec 23

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FFWM's Assets to Equity ratio (14.6x) is moderate.

Allowance for Bad Loans: FFWM has a sufficient allowance for bad loans (247%).

Low Risk Liabilities: 84% of FFWM's liabilities are made up of primarily low risk sources of funding.

Loan Level: FFWM has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: FFWM's Loans to Deposits ratio (95%) is appropriate.

Level of Bad Loans: FFWM has an appropriate level of bad loans (0.1%).

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First Foundation Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

First quarter 2024 earnings released: EPS: US$0.014 (vs US$0.15 in 1Q 2023)

First Foundation Inc., Annual General Meeting, May 28, 2024

First Foundation Inc. to Report Q1, 2024 Results on Apr 25, 2024

Now 23% overvalued

Now 26% overvalued after recent price rise

Executive Chairman recently sold US$204k worth of stock

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

First Foundation: This Bank Is Suffering From The Choices Of 2022

Consensus EPS estimates fall by 12%

Third quarter dividend of US$0.01 announced

First Foundation Inc. Announces Dividend, Payable on February 15, 2024

Price target increased by 13% to US$9.90

Executive Chairman recently sold US$267k worth of stock

Price target decreased by 9.8% to US$8.30

First Foundation Inc. Approves Quarterly Cash Dividend, Payable on November 16, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Now 20% undervalued after recent price drop

First Foundation: A Steep Discount For A Risky Prospect

First Foundation Inc. to Report Q3, 2023 Results on Oct 26, 2023

First Foundation Inc., First Foundation Advisors and First Foundation Bank Appoints James Britton as Executive Vice President, Effective August 14, 2023

Price target increased by 22% to US$9.00

First Foundation Inc. Declares Dividend, Payable on August 17, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 16%

First Foundation Inc. to Report Q2, 2023 Results on Jul 27, 2023

Price target decreased by 10% to US$7.80

Consensus EPS estimates fall by 22%

Glass Lewis Recommends Shareholders to Vote for Driver Management Nominee

Driver Management Company Issues an Investor Presentation to Shareholders of First Foundation

Now 20% undervalued after recent price drop

Investor sentiment improves as stock rises 28%

First Foundation Inc., Annual General Meeting, Jun 27, 2023

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 27%

Price target decreased by 20% to US$8.75

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 23% undervalued after recent price drop

Price target decreased by 18% to US$14.80

Investor sentiment improves as stock rises 17%

Board Member recently sold US$1.6m worth of stock

Now 13% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 22%

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

CEO, President & Vice Chairman exercised options to buy US$97k worth of stock.

Executive Chairman recently sold US$409k worth of stock

Driver Management Sends Letter to the CEO of First Foundation

Consensus revenue estimates fall by 10%

First Foundation (NASDAQ:FFWM) Is Due To Pay A Dividend Of $0.11

Driver Management Company Sends Letter to First Foundation’s Chief Executive Officer

First Foundation Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Driver Management Steps Up Pressure on First Foundation on Board Candidates

Driver Management Company Sends Letter to First Foundation

Driver Management Company Sends Letter to First Foundation

First Foundation Inc. to Report Q4, 2022 Results on Jan 26, 2023

Price target decreased to US$18.10

First Foundation Inc. Announces Senior Leadership Appointments

Independent Director recently bought US$75k worth of stock

First Foundation Inc. Announces Board Changes

Insufficient new directors

First Foundation Inc. Announces Senior Management Transition

Upcoming dividend of US$0.11 per share

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Foundation Inc. to Report Q3, 2022 Results on Oct 25, 2022

First Foundation Inc. Expands Trust and Advisory Presence in Florida with New Leadership Appointments

First Foundation goes ex-dividend tomorrow

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Foundation Inc. Approves Quarterly Cash Dividend, Payable on August 16, 2022

First Foundation GAAP EPS of $0.59 beats by $0.04, revenue of $95.2M beats by $3.2M

Price target decreased to US$26.67

First Foundation Inc. to Report Q2, 2022 Results on Jul 26, 2022

Insufficient new directors

First Foundation Inc., Annual General Meeting, Jun 07, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

First Foundation Inc. (NasdaqGM:FFWM) announces an Equity Buyback for $75 million worth of its shares.