NYSE$FFWM

First Foundation Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

First Foundation reported strong fourth quarter results driven by loan originations and deposit growth.

First Foundation Inc. reported a net income of $22.4 million, or $0.50 per diluted share, for Q4 2020. The company experienced record loan originations and deposit growth. The board approved a quarterly cash dividend of $0.09 per common share.

  • Net income of $22.4 million and earnings per share of $0.50.
  • Total revenues of $63.1 million.
  • Return on average assets of 1.33%.
  • Tangible book value per share increased to $13.44.

Headline financials

Total Revenue

$63.1M

Previous: $54.1M+16.6%
EPS (adj)

$0.50

Previous: $0.34+47.1%
Net Interest Margin

3.2%

Previous: 2.9%+10.8%
Efficiency Ratio

49.0%

Previous: 57.6%-14.9%
Return on Average Assets

1.3%

Previous: 1.0%+38.5%
Return on Average Common Equity

13.0%

Previous: 10.0%+30.0%
Return on Average Tangible Common Equity

15.3%

No prior period
Loan to Deposit Ratio

89.8%

No prior period
Capital Expenditures

$585K

Previous: $424K+38.0%
Free Cash Flow

$16.5M

Previous: $12.9M+28.0%
Net Income

$22.4M

Previous: $15.2M+47.0%
Operating Income

$31.9M

No prior period
Gross Profit

$61.3M

Previous: $49.8M+23.1%
Cash & Equivalents

$630M

Previous: $65.4M+863.0%
Total Assets

$6.96B

Previous: $6.31B+10.2%
Stock-Based Comp

$415K

Previous: $297K+39.7%

Revenue & EPS history

First Foundation · Revenue · Quarterly

$63.1M

Q4 2020+16.6%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

First Foundation · $63.2M total across 3 segments · Q4 2020

  • Banking
    $57.1M
  • Wealth Management
    $6.37M
  • Other and Eliminations
    -$306K

Forward guidance

The company's strong pipeline shows that they are well positioned for 2021.

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 Q4 2020

Historical avgQ4 2020

+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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