First Foundation Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Tom Shafer

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	2yrs
Board average tenure	less than a year

Recent management updates

Recent updates

First Foundation: Taking A More Cautious Approach Due To Deterioration

May 29

Revenue Downgrade: Here's What Analysts Forecast For First Foundation Inc. (NYSE:FFWM)

Apr 27

CEO

Tom Shafer (65 yo)

less than a year

Tenure

Mr. Thomas C. Shafer, also known as Tom, is CEO & Director of First Foundation Bank from November 22, 2024. He is CEO & Director of First Foundation Inc. from November 22, 2024. He served as Senior Executi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Britton	Executive VP & CFO	1.3yrs	US$495.10k	0.0037% $ 18.0k
Christopher Naghibi	Executive VP & COO	2yrs	US$504.00k	0.0092% $ 45.4k
Amy Djou	Executive VP & Deputy CFO	no data	US$356.84k	0.00040% $ 2.0k
Thomas Shafer	CEO & Director	less than a year	no data	no data
Simone Lagomarsino	President & Director	less than a year	no data	0.15% $ 726.8k
Adriano Darmawan	CTO & Executive VP	no data	no data	no data
Erica Dorsett	Executive VP & General Counsel	1.1yrs	no data	no data
Lisa Carlson	Executive VP & Chief Human Resources Officer	no data	no data	no data
Kristoffer Lynds	Senior Vice President of Commercial Real Estate	9.3yrs	no data	no data
Shelly O'Byrne	Executive VP & Director of Trust Services	8yrs	no data	no data
Allan Gomez	Senior VP & Relationship Banker	6.8yrs	no data	no data
Adele Green	Senior VP & Director of SBA Lending	6.3yrs	no data	no data

2.0yrs

Average Tenure

55yo

Average Age

Experienced Management: FFWM's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Shafer	CEO & Director	less than a year	no data	no data
Simone Lagomarsino	President & Director	no data	no data	0.15% $ 726.8k
Jacob Sonenshine	Independent Director	17.9yrs	US$140.00k	0.12% $ 591.3k
C. Parker	Director	less than a year	no data	no data
Max Briggs	Chairman & Lead Independent Director	12.3yrs	US$160.00k	0.086% $ 422.7k
Mitchell Rosenberg	Independent Director	17.9yrs	US$140.00k	0.085% $ 419.4k
Henchy Enden	Director	less than a year	no data	no data
Elizabeth Pagliarini	Independent Director	5.6yrs	US$140.00k	0.042% $ 206.0k
Sam Edelson	Director	less than a year	no data	no data
Benjamin Mackovak	Director	less than a year	no data	no data

0.3yrs

Average Tenure

58yo

Average Age

Experienced Board: FFWM's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 01:29
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Foundation Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Moss	B. Riley Securities, Inc.
Gary Tenner	D.A. Davidson & Co.
Robert Ramsey	FBR Capital Markets & Co.

First Foundation Management

Management criteria checks 1/4

Key information

Recent management updates

First Foundation Inc. and First Foundation Bank Announce Chief Executive Officer Changes

First Foundation Inc. Appoints C. Allen Parker as A Director

Less than half of directors are independent

First Foundation Inc. Announces Executive and Board Appointments

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

Executive Chairman recently sold US$204k worth of stock

Recent updates

First Foundation Inc. and First Foundation Bank Announce Chief Executive Officer Changes

First Foundation Inc. Appoints C. Allen Parker as A Director

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

Consensus EPS estimates fall by 20%

Consensus EPS estimates fall by 18%

First Foundation Inc. to Report Q3, 2024 Results on Oct 29, 2024

First Foundation Inc. Announces Executive and Board Appointments

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Foundation Inc. announced that it has received $228 million in funding from Fortress Investment Group LLC, Canyon Partners, LLC, Strategic Value Bank Partners LLC, North Reef Capital LLC

First Foundation Inc. announced that it has received $228 million in funding from Fortress Investment Group LLC, Canyon Partners, LLC, Strategic Value Bank Partners LLC, North Reef Capital LLC

First Foundation Inc. announced that it has received $228 million in funding from Fortress Investment Group LLC, Canyon Partners, LLC, Strategic Value Bank Partners LLC, North Reef Capital LLC

First Foundation Inc. to Report Q2, 2024 Results on Jul 25, 2024

Price target decreased by 19% to US$6.67

First Foundation Inc.(NYSE:FFWM) dropped from Russell 2000 Value-Defensive Index

First Foundation: Taking A More Cautious Approach Due To Deterioration

Price target decreased by 8.3% to US$8.80

First quarter dividend of US$0.01 announced

Revenue Downgrade: Here's What Analysts Forecast For First Foundation Inc. (NYSE:FFWM)

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