First Foundation

The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company's segments include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. Its integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.
Company Growth (employees)
Type
Public
HQ
Irvine, US
Founded
1990
Size (employees)
335 (est)+14%
Website
ff-inc.com
First Foundation was founded in 1990 and is headquartered in Irvine, US

First Foundation Office Locations

First Foundation has an office in Irvine
Irvine, US (HQ)
700 18101 Von Karman Ave

First Foundation Data and Metrics

First Foundation Financial Metrics

First Foundation's revenue was reported to be $38.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

38.1 m

Gross profit (Q1, 2017)

33.8 m

Gross profit margin (Q1, 2017), %

89%

Net income (Q1, 2017)

6.1 m

EBIT (Q1, 2017)

26 m

Market capitalization (18-Aug-2017)

574.5 m

Cash (31-Mar-2017)

76 m
First Foundation's current market capitalization is $574.5 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

72.1 m93.2 m135.2 m

Revenue growth, %

29%45%

Cost of goods sold

4.6 m6.3 m11.2 m

Gross profit

67.6 m87 m124 m

Gross profit Margin, %

94%93%92%

Sales and marketing expense

33.6 m40.5 m48.6 m

Operating expense total

52.5 m61.5 m81 m

EBIT

42.6 m55.5 m84.8 m

EBIT margin, %

59%60%63%

Net Income

8.4 m13.4 m23.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

17.3 m19.1 m19.4 m21.4 m24 m28.7 m29.5 m41.1 m38.1 m

Cost of goods sold

1.1 m1.2 m1.3 m1.6 m1.6 m2.3 m2.7 m2.8 m4.3 m

Gross profit

16.2 m17.9 m18.1 m19.8 m22.3 m26.3 m26.8 m38.2 m33.8 m

Gross profit Margin, %

94%94%93%93%93%92%91%93%89%

Sales and marketing expense

8 m8.8 m9.2 m9.4 m10.9 m12.7 m11.9 m12.1 m14.8 m

Operating expense total

8 m8.8 m9.2 m9.4 m10.9 m12.7 m11.9 m12.1 m14.8 m

EBIT

9.8 m11.1 m11.7 m12.7 m14.9 m19 m20.7 m21.9 m26 m

EBIT margin, %

57%58%61%59%62%66%70%53%68%

Net Income

2.7 m5.4 m2.6 m5.6 m8.3 m3.8 m7.1 m16.8 m6.1 m
USDFY, 2014FY, 2015FY, 2016

Cash

29.7 m215.7 m597.9 m

PP&E

2.2 m2.7 m6.7 m

Total Assets

1.4 b2.6 b4 b

Accounts Payable

10.1 m14.7 m14.3 m

Total Liabilities

3.7 b

Additional Paid-in Capital

78.2 m227.3 m232.4 m

Retained Earnings

20.4 m33.8 m57.1 m

Total Equity

259.7 m284.3 m

Financial Leverage

10 x14 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

19.4 m28.8 m35.3 m172.8 m206.3 m52.8 m444.5 m496.8 m76 m

PP&E

2.7 m2.5 m2.5 m2.3 m2.4 m4.5 m4.8 m5.3 m6.9 m

Total Assets

1.2 b1.3 b1.5 b1.9 b2.2 b2.7 b3.5 b3.6 b3.7 b

Accounts Payable

857.2 m951.2 m961.2 m1.3 b1.3 b1.8 b2.3 b2.3 b2.8 b

Additional Paid-in Capital

76.6 m76.7 m78.9 m95.9 m226.8 m228.5 m230.3 m231.6 m234.3 m

Retained Earnings

14.7 m17.4 m23 m26 m28.7 m37.5 m40.9 m50.5 m63.2 m

Total Equity

122 m257.3 m270.2 m277.5 m287.3 m291.8 m

Financial Leverage

15.3 x8.7 x10 x12.6 x12.5 x12.6 x
USDFY, 2014FY, 2015FY, 2016

Net Income

8.4 m13.4 m23.3 m

Depreciation and Amortization

1.2 m1.4 m1.9 m

Accounts Receivable

(4.4 m)

Inventories

(4.9 m)

Accounts Payable

392 k

Cash From Operating Activities

9.4 m13.9 m19.8 m

Cash From Investing Activities

(340.3 m)(916.5 m)(1 b)

Cash From Financing Activities

303.7 m1.1 b1.4 b

Interest Paid

4.6 m6.1 m10.7 m

Income Taxes Paid

5.4 m10.1 m17.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.7 m5.4 m2.6 m5.6 m8.3 m3.8 m7.1 m16.8 m6.1 m

Depreciation and Amortization

648 k949 k326 k650 k995 k396 k854 k1.3 m553 k

Cash From Operating Activities

3.4 m7.3 m2.3 m3 m7.3 m3.7 m5.4 m13.7 m5.5 m

Cash From Investing Activities

(163.3 m)(272.2 m)(105 m)(237.8 m)(582.5 m)(255.5 m)(664.6 m)(707.9 m)(234.5 m)

Cash From Financing Activities

122.3 m236.7 m108.4 m378 m751.8 m88.9 m888 m975.2 m(293 m)

Interest Paid

1.9 m3.2 m1.2 m2.8 m4.4 m2.2 m4.8 m7.3 m3.8 m

Income Taxes Paid

1.4 m2.5 m750 k5 m7.7 m2.2 m7.2 m10.1 m255 k
USDY, 2017

Revenue/Employee

129.3 k

Financial Leverage

12.6 x

First Foundation Market Value History

Traffic Overview of First Foundation

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