first foundation, a financial institution since 1990, provides integrated investment management, wealth planning, consulting, trust, banking, and insurance services. the company is headquartered in orange county, california with offices in california, nevada, and hawaii. our goal is to offer clients a single source to handle all of their financial needs. our mission is to enhance the wealth and well-being of our clients through integrated services including: •investment management •wealth planning •consulting •trust services •banking •insurance services our values first foundation colleague's goals are to act with integrity and: listen - we listen to our clients to understand their needs. respect - we treat our clients with understanding and compassion. collaborate - we dialogue with our clients while achieving their goals. innovate - we seek and support new ideas to better serve our clients. serve - we focus on being timely and proactive in responding to our clients.
Company profile
Ticker
FFWM
Exchange
Website
CEO
Scott Kavanaugh
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
KELLER FINANCIAL GROUP
SEC CIK
Corporate docs
Subsidiaries
First Foundation Advisors, a California corporation • First Foundation Bank, a California corporation ...
FFWM stock data
Analyst ratings and price targets
Latest filings (excl ownership)
25
Voluntary exchange delisting
21 Aug 23
CERT
Certification of approval for exchange listing
16 Aug 23
8-K
Departure of Directors or Certain Officers
15 Aug 23
8-A12B
Registration of securities on exchange
14 Aug 23
8-K
First Foundation Inc. Announces Transfer of Common Stock Listing to the New York Stock Exchange
10 Aug 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
First Foundation Inc. Appoints James Britton as Chief Financial Officer
3 Aug 23
8-K
PRIVATE WEALTH MANAGEMENT ● PERSONAL BANKING ● BUSINESS BANKING July 2023 INVESTOR PRESENTATION
27 Jul 23
8-K
First Foundation Inc. Reports Second Quarter 2023 Results
27 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
30 Jun 23
Transcripts
FFWM
Earnings call transcript
2023 Q2
27 Jul 23
FFWM
Earnings call transcript
2023 Q1
27 Apr 23
FFWM
Earnings call transcript
2022 Q4
26 Jan 23
FFWM
Earnings call transcript
2022 Q3
25 Oct 22
FFWM
Earnings call transcript
2022 Q2
26 Jul 22
FFWM
Earnings call transcript
2022 Q1
26 Apr 22
FFWM
Earnings call transcript
2021 Q4
31 Jan 22
FFWM
Earnings call transcript
2021 Q3
26 Oct 21
FFWM
Earnings call transcript
2021 Q2
27 Jul 21
FFWM
Earnings call transcript
2021 Q1
27 Apr 21
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 926.08 mm | 926.08 mm | 926.08 mm | 926.08 mm | 926.08 mm | 926.08 mm |
| Cash burn (monthly) | 130.35 mm | (no burn) | 70.86 mm | 11.78 mm | (no burn) | (no burn) |
| Cash used (since last report) | 359.04 mm | n/a | 195.19 mm | 32.46 mm | n/a | n/a |
| Cash remaining | 567.04 mm | n/a | 730.89 mm | 893.62 mm | n/a | n/a |
| Runway (months of cash) | 4.4 | n/a | 10.3 | 75.8 | n/a | n/a |
Institutional ownership, Q2 2023
70.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 142 |
| Opened positions | 30 |
| Closed positions | 37 |
| Increased positions | 56 |
| Reduced positions | 42 |
| 13F shares | Current |
|---|---|
| Total value | 155.26 bn |
| Total shares | 39.51 mm |
| Total puts | 148.30 k |
| Total calls | 342.20 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 5.07 mm | $20.14 bn |
| BLK Blackrock | 4.41 mm | $17.52 bn |
| Vanguard | 2.79 mm | $11.08 bn |
| Azora Capital | 2.08 mm | $8.25 bn |
| Dimensional Fund Advisors | 1.71 mm | $6.80 bn |
| Banc Funds | 1.35 mm | $5.46 bn |
| Strategic Value Bank Partners | 1.35 mm | $5.35 bn |
| D. E. Shaw & Co. | 1.16 mm | $4.59 bn |
| Jacobs Levy Equity Management | 1.11 mm | $4.39 bn |
| FHI Federated Hermes | 1.10 mm | $4.37 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Aug 23 | James Britton | RSU Common Stock | Grant | Acquire A | No | No | 0 | 12,000 | 0.00 | 12,000 |
| 25 May 23 | Gabriel V. Vazquez | Common Stock | Grant | Acquire A | No | No | 0 | 11,879 | 0.00 | 11,879 |
| 11 May 23 | Lake David G. | Common Stock | Buy | Acquire P | No | No | 3.99 | 2,000 | 7.98 k | 137,801 |
| 9 May 23 | Lake David G. | Common Stock | Buy | Acquire P | No | No | 4.19 | 2,000 | 8.38 k | 135,801 |
News
Consolidated Water, Spectrum Brands, Arco Platform, Semler Scientific And Other Big Stocks Moving Higher On Friday
11 Aug 23
Wedbush Maintains Outperform on First Foundation, Raises Price Target to $8
28 Jul 23
Why Willis Towers Watson Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
27 Jul 23
Comcast, STMicroelectronics, Lam Research, Meta Platforms And Other Big Stocks Moving Higher On Thursday
27 Jul 23
First Foundation Q2 Adj. EPS $0.07 Beats $0.03 Estimate, Sales $61.10M Beat $59.77M Estimate
27 Jul 23
Press releases
First Foundation Advisors Named as One of the Top Financial Advisory Firms on the CNBC FA100 List
13 Sep 23
First Foundation Inc. Appoints James Britton as Chief Financial Officer
3 Aug 23
First Foundation Inc. Reports Second Quarter 2023 Financial Results
27 Jul 23
First Foundation Inc. Announces Second Quarter 2023 Earnings Conference Call Details
5 Jul 23
First Foundation Stockholders Elect the Company's Ten Director Candidates at the 2023 Annual Meeting
27 Jun 23