First Foundation Inc. (FFWM) financial statements (2021 and earlier)

Company profile

Business Address 18101 VON KARMAN AVE
IRVINE, CA 92612
State of Incorp. CA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments630666812059821630
Cash and cash equivalents630656712059821630
Short-term investments000    
Total current assets:630666812059821630
Noncurrent Assets
Operating lease, right-of-use asset1416
Property, plant and equipment8897732
Intangible assets, net (including goodwill), including:9597993422 
Other undisclosed intangible assets, net (including goodwill)9597993422 
Deferred income tax assets9 
Total noncurrent assets:12612210940952
Other undisclosed assets6,2016,1275,6644,3813,3692,3721,324
TOTAL ASSETS:6,9576,3145,8404,5413,9752,5931,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,2615,7015,2814,1463,6912,3331,256
Total liabilities:6,2615,7015,2814,1463,6912,3331,256
Stockholders' equity
Stockholders' equity attributable to parent69661455939528426099
Common stock0000000
Additional paid in capital43443443231523222778
Accumulated other comprehensive income (loss)144(1)(5)(5)(1)1
Retained earnings24817612886573420
Total stockholders' equity:69661455939528426099
TOTAL LIABILITIES AND EQUITY:6,9576,3145,8404,5413,9752,5931,355

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2332281911581208667
Net investment income218224190124885945
Financial services revenue34322622
Cost of revenue(7)(3)(4)(3)(5)(3)(0)
Provision for loan, lease, and other losses(7)(3)(4)
Financial services costs(3)(5)(3)(0)
Gross profit:2272251871551158366
Operating expenses(32)(28)(28)(80)(70)(55)(51)
Other operating income, net
(Noninterest Income, Other Operating Income)
10975323
Operating income:20520616581483018
Nonoperating expense
(Investment Income, Nonoperating)
    (1)  
Interest and debt expense(47)(79)(52)(23)(11)(6)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income from continuing operations before equity method investments, income taxes:15712711358362415
Other undisclosed income (loss) from continuing operations before income taxes(39)(48)(53)(7)2(1) 
Income from continuing operations before income taxes:119796051382315
Income tax expense(34)(23)(17)(23)(15)(9)(6)
Net income available to common stockholders, diluted:8456432823138

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:8456432823138
Other comprehensive income (loss)10541(4)(2)2
Comprehensive income, net of tax, attributable to parent:94624729191111

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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