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
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
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
21 Mar 24
8-K
Amendments to Articles of Incorporation or Bylaws
27 Feb 24
UPLOAD
Letter from SEC
30 Jan 24
8-K
First Foundation Inc. Reports Fourth Quarter and Full Year 2023 Results
25 Jan 24
8-K
Regulation FD Disclosure
25 Jan 24
CORRESP
Correspondence with SEC
19 Dec 23
UPLOAD
Letter from SEC
6 Dec 23
8-K
Changes in Registrant's Certifying Accountant
22 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
CORRESP
Correspondence with SEC
6 Nov 23
Transcripts
FFWM
Earnings call transcript
2023 Q4
25 Jan 24
FFWM
Earnings call transcript
2023 Q3
26 Oct 23
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
Latest ownership filings
4
Hugo J. Nuno
4 Mar 24
4
Christopher M. Naghibi
4 Mar 24
4
JOHN HAKOPIAN
4 Mar 24
4
SCOTT F KAVANAUGH
4 Mar 24
4
ULRICH E. KELLER JR
4 Mar 24
144
Notice of proposed sale of securities
29 Feb 24
4
ULRICH E. KELLER JR
29 Feb 24
4
SCOTT F KAVANAUGH
26 Feb 24
4
ULRICH E. KELLER JR
22 Feb 24
4
Hugo J. Nuno
22 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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) | 818.50 mm | 818.50 mm | 818.50 mm | 818.50 mm | 818.50 mm | 818.50 mm |
Cash burn (monthly) | 35.86 mm | (no burn) | (no burn) | 14.95 mm | (no burn) | (no burn) |
Cash used (since last report) | 214.51 mm | n/a | n/a | 89.41 mm | n/a | n/a |
Cash remaining | 603.99 mm | n/a | n/a | 729.09 mm | n/a | n/a |
Runway (months of cash) | 16.8 | n/a | n/a | 48.8 | n/a | n/a |
Institutional ownership, Q3 2023
73.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 145 |
Opened positions | 26 |
Closed positions | 23 |
Increased positions | 51 |
Reduced positions | 38 |
13F shares | Current |
---|---|
Total value | 250.14 bn |
Total shares | 41.41 mm |
Total puts | 139.20 k |
Total calls | 18.40 k |
Total put/call ratio | 7.6 |
Largest owners | Shares | Value |
---|---|---|
FMR | 5.07 mm | $30.85 bn |
BLK Blackrock | 4.22 mm | $25.63 bn |
Azora Capital | 2.94 mm | $17.89 bn |
Vanguard | 2.81 mm | $17.10 bn |
STT State Street | 1.98 mm | $12.04 bn |
Dimensional Fund Advisors | 1.47 mm | $8.96 bn |
Philadelphia Financial Management of San Francisco | 1.44 mm | $8.74 bn |
Banc Funds | 1.35 mm | $8.22 bn |
Strategic Value Bank Partners | 1.35 mm | $8.19 bn |
Fourthstone | 1.21 mm | $7.38 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Feb 24 | Ulrich E. Keller JR | Common Stock | Sell | Dispose S | Yes | No | 8.159 | 25,000 | 203.98 k | 1,230,622 |
29 Feb 24 | Ulrich E. Keller JR | Payment of exercise | Dispose F | No | No | 7.93 | 349 | 2.77 k | 21,326 | |
29 Feb 24 | Ulrich E. Keller JR | Option exercise | Acquire M | No | No | 7.93 | 854 | 6.77 k | 21,675 | |
29 Feb 24 | Ulrich E. Keller JR | RSU Common Stock | Option exercise | Dispose M | No | No | 7.93 | 854 | 6.77 k | 855 |
29 Feb 24 | Kavanaugh Scott F | Common Stock | Payment of exercise | Dispose F | No | No | 7.93 | 2,805 | 22.24 k | 117,283 |
29 Feb 24 | Kavanaugh Scott F | Common Stock | Option exercise | Acquire M | No | No | 7.93 | 11,462 | 90.89 k | 120,088 |
29 Feb 24 | Kavanaugh Scott F | RSU Common Stock | Option exercise | Dispose M | No | No | 7.93 | 11,462 | 90.89 k | 11,466 |
29 Feb 24 | Hakopian John | Common Stock | Payment of exercise | Dispose F | No | No | 7.93 | 193 | 1.53 k | 36,197 |
29 Feb 24 | Hakopian John | Common Stock | Option exercise | Acquire M | No | No | 7.93 | 652 | 5.17 k | 36,390 |
29 Feb 24 | Hakopian John | RSU Common Stock | Option exercise | Dispose M | No | No | 7.93 | 652 | 5.17 k | 653 |
News
Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Regional Bank Investors Pull Back
1 Mar 24
Banks With High Commercial Real Estate Loan Exposure In Regulatory Spotlight: Valley National Bancorp And 15 Others To Watch
15 Feb 24
Adjusting to Market Challenges: First Foundation Responds to Uncertain Conditions with Dividend and Earnings Adjustments
15 Feb 24
Regional Banks Suffer Worst 2-Day Slump Since March 2023 Crisis As Investors Scrutinize Commercial Real Estate Risks
1 Feb 24
Wedbush Maintains Neutral on First Foundation, Raises Price Target to $11
26 Jan 24