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Regional Mid Atlantic Banks

First Foundation Inc. (FFWM)

Industry: Regional—Mid-Atlantic Banks

Summary

First Foundation, (NASDAQ: FFWM), a financial services company, provides banking, investment, and financial management services to the public. Regional—Mid-Atlantic Banks, with $6.8 billion in assets, First Foundation is a leading provider of personal and business banking services in Southern California. The business operates through two segments: Banking and Investment Management. As of December 31, 2ising earnings momentum, a high payout ratio could signal that the company may be accessing the capital

Growth & profitability

First foundation 5-year annualized revenue growth is -1.9% vs. -1.8% for the S&P 500. First foundation revenue for the quarter ending March 31, 2022, declined 2.9%2! to $87.0 million. The stock trades at 21.8 times Q1 earnings of $1.00 per share, well above the 5-year average P/E of 16.4.

First Foundation has only positive earnings for the past ten years, increasing by 11.8% annually. The long-term growth rate is the average last five years' growth rate. Profitable for the last ten years (past 4 quarters at 18.17%) and outperformed its industry (by 11 percentage points)

Financials

Revenue (ttm) 389.18M

Gross profit (ttm) 334.83M

Net income (ttm) 103.44M

Net profit margin 26.57%

Qtr to Qtr Sales growth -2.92%

EBITD 78.23M

Operating Margin 35.16%

Alpha -0.06

Dividends

Dividend yield 4.17%

Dividend- $0.09

Next ex div date June 29, 2022

Management

CEO John H. Franklin Jr.

CFO G. Mark B. Bostrom

CHairman John H. Franklin, Jr.

President Kevin P. Miller

Executive VP and CLO Michael L. Demarco

Executive VP—Chief Risk Officer Jean-Pierre L. Lapointe

Overview

First Foundation, (NASDAQ:FFWM), a financial services company, provides banking, investment, and financial management services to the public.

Here are a few key data points for First Foundation.

Market Capitalization $1.74B

Enterprise Value $2.03B

Volume 144,773