FFWM Stock - First Foundation Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $481.54M | $546.24M | $413.93M | $308.90M | $291.09M |
| Gross Profit | $32.49M | $175.33M | $328.21M | $291.10M | $237.10M |
| Gross Margin | 6.7% | 32.1% | 79.3% | 94.2% | 81.5% |
| Operating Income | $-137,380,000 | $-200,064,000 | $149.80M | $151.78M | $118.77M |
| Net Income | $-92,407,000 | $-199,064,000 | $110.51M | $109.51M | $84.37M |
| Net Margin | -19.2% | -36.4% | 26.7% | 35.5% | 29.0% |
| EPS | $-1.41 | $-3.53 | $1.96 | $2.42 | $1.89 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 3rd 2025 | Piper Sandler | Upgrade | Overweight | $6.75 |
| May 21st 2025 | Jefferies | Initiation | Buy | $7 |
| July 3rd 2024 | Stephens | Downgrade | Equal Weight | - |
| July 3rd 2024 | Raymond James | Downgrade | Market Perform | - |
| July 3rd 2024 | DA Davidson | Upgrade | Buy | $9← $8 |
| January 5th 2024 | Raymond James | Upgrade | Strong Buy | $12← $9.5 |
| November 3rd 2023 | Wedbush | Downgrade | Neutral | $6← $7 |
| February 3rd 2023 | Piper Sandler | Downgrade | Neutral | $16← $17.5 |
| October 26th 2022 | DA Davidson | Downgrade | Neutral | $18 |
| July 11th 2022 | B. Riley Securities | Downgrade | Neutral | $21 |
Earnings History & Surprises
FFWMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $0.02 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.02 | $0.16 | +700.0% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.02 | $-0.09 | -600.0% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $0.02 | $0.09 | +350.0% | ✓ BEAT |
Q1 2025 | Mar 17, 2025 | — | $-0.17 | — | — |
Q4 2024 | Oct 29, 2024 | $-0.29 | $0.04 | +113.8% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.01 | $0.06 | +782.4% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.02 | $0.02 | +25.0% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.03 | $0.05 | +92.3% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.04 | $0.05 | +25.0% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.04 | $0.07 | +59.1% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.15 | $0.15 | 0.0% | = MET |
Q1 2023 | Jan 26, 2023 | $0.31 | $0.35 | +12.9% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $0.51 | $0.51 | 0.0% | = MET |
Q3 2022 | Jul 26, 2022 | $0.53 | $0.59 | +11.3% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.50 | $0.55 | +10.0% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $0.40 | $0.53 | +32.5% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.65 | $0.83 | +27.7% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $0.52 | $0.60 | +15.4% | ✓ BEAT |
Latest News
DA Davidson Downgrades First Foundation to Neutral, Lowers Price Target to $6
📉 NegativeFirst Foundation Q3 Adj. EPS $(1.77) Misses $0.02 Estimate, Sales $63.597M Beat $61.779M Estimate
➖ NeutralFirstSun Capital Bancorp And First Foundation Announce Stock Merger; First Foundation Stockholders To Receive 0.16083 Shares Of FirstSun For Each First Foundation Share
➖ NeutralFirst Foundation Bank Appoints Parham Medhat As Chief Operations Officer To Drive Growth And Efficiency
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