NYSE$FFWM

First Foundation Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Net income and earnings per share were reported for the first quarter.

First Foundation Inc. reported a strong start to 2021, with record loan originations, growth in core deposits, and peak levels of assets under management. Net income was $22.4 million, or $0.50 per diluted share, for the first quarter of 2021.

  • First quarter net income of $22.4 million and earnings per share of $0.50.
  • Total revenues of $66.1 million in first quarter 2021.
  • Return on average assets of 1.25%.
  • Return on average tangible equity of 14.9%.

Headline financials

Total Revenue

$66.1M

Previous: $55.5M+19.1%
EPS (adj)

$0.50

Previous: $0.29+72.4%
Net Interest Margin

3.2%

No prior period
Efficiency Ratio

51.5%

No prior period
Return on Average Assets

1.3%

No prior period
Return on Average Tangible Common Equity

14.9%

No prior period
Loan to Deposit Ratio

90.1%

No prior period
Capital Expenditures

-$628K

Previous: -$977K+35.7%
Free Cash Flow

$21.7M

Previous: $12.2M+77.6%
Net Income

$22.4M

Previous: $13.2M+69.2%
Operating Income

$55.3M

Previous: $28.9M+91.6%
Gross Profit

$65.8M

Previous: $51.5M+27.8%
Cash & Equivalents

$468M

Previous: $40.4M+1059.7%
Total Assets

$7.05B

Previous: $6.51B+8.3%
Stock-Based Comp

$995K

Previous: $767K+29.7%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$66.1M

Q1 2021+19.1%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

First Foundation · $12.2M total across 2 segments · Q1 2021

  • Wealth Management
    $6.92M
  • Banking
    $5.31M

Forward guidance

As we head into the second quarter and beyond, we are experiencing unprecedented demand and our loan pipeline is at record levels.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.9%

Avg return

30 days after

55%

28 / 51 earnings

Positive

+22.0%

Q2 2023

Best reaction

-13.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+1.8%+8.8%-2.0%
Q3 2025-0.2%-1.9%-0.2%
Q2 2025+0.4%+4.5%+22.2%
Q1 2025+1.0%+6.8%+3.8%
Q4 2024-12.8%-18.2%-18.7%
Q3 2024-10.6%-13.6%+4.0%
Q2 2024+5.5%+3.3%+3.0%
Q1 2024-13.8%-22.3%-16.0%
Q4 2023-5.2%-6.1%-26.8%
Q3 2023+0.0%-7.2%+19.2%
Q2 2023+22.0%+23.6%+26.8%
Q1 2023+3.6%-20.9%-30.1%
Q4 2022-0.6%-1.3%-5.0%
Q3 2022-12.1%-10.3%-23.8%
Q2 2022+3.6%+3.0%+0.8%
Q1 2022-5.8%-6.1%-6.0%
Q4 2021+1.0%+1.4%+3.0%
Q3 2021-3.0%-1.4%+3.5%
Q2 2021+4.6%+6.5%+7.1%
Q1 2021-0.0%+0.2%+5.6%
Q4 2020-4.4%-5.5%+10.4%
Q3 2020-4.8%-2.4%+28.3%
Q2 2020+7.8%+8.0%+2.8%
Q1 2020+6.0%+21.6%+28.0%
Q4 2019+3.3%+1.9%-8.6%
Q3 2019+2.4%+1.4%+4.9%
Q2 2019+7.2%+8.6%+0.3%
Q1 2019+0.3%+4.3%-2.0%
Q4 2018+0.1%+1.0%+6.6%
Q3 2018+6.4%+12.1%+13.0%
Q2 2018-12.8%-15.3%-11.9%
Q1 2018-2.2%+0.3%+4.6%
Q4 2017+0.1%-3.6%-3.6%
Q3 2017+1.8%-1.8%-0.7%
Q2 2017+3.8%+2.4%-0.2%
Q1 2017+1.8%-0.1%+1.0%
Q4 2016+4.6%+7.0%+4.1%
Q3 2016+0.5%-1.3%+16.4%
Q2 2016+5.1%+2.0%+9.6%
Q1 2016-0.9%
Q4 2015+0.3%
Q3 2015+0.6%
Q2 2015-0.3%
Q1 2015-0.2%
Q1 2012-1.1%
Q4 2014-1.1%
Q2 2012-1.1%
Q4 2012-1.1%
Q3 2012-1.1%
Q3 2014+2.4%
Q3 2013+2.4%
Q2 2014
Q2 2013
Q1 2013
Q4 2013
Q1 2014

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