First Foundation Inc. (FFWM) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1386306668120598216
Cash and cash equivalents1,1226306567120598216
Short-term investments16000   
Total current assets:1,1386306668120598216
Noncurrent Assets
Operating lease, right-of-use asset191416
Property, plant and equipment38889773
Intangible assets, net (including goodwill), including:2229597993422
Other undisclosed intangible assets, net (including goodwill)2229597993422
Deferred income tax assets219 
Amortization method qualified affordable housing project investments59      
Total noncurrent assets:3591261221094095
Other undisclosed assets8,6996,2016,1275,6644,3813,3692,372
TOTAL ASSETS:10,1966,9576,3145,8404,5413,9752,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt45      
Qualified affordable housing project investments, commitment45      
Total noncurrent liabilities:45      
Other undisclosed liabilities9,0876,2615,7015,2814,1463,6912,333
Total liabilities:9,1326,2615,7015,2814,1463,6912,333
Stockholders' equity
Stockholders' equity attributable to parent1,064696614559395284260
Common stock0000000
Additional paid in capital721434434432315232227
Accumulated other comprehensive income (loss)2144(1)(5)(5)(1)
Retained earnings341248176128865734
Total stockholders' equity:1,064696614559395284260
TOTAL LIABILITIES AND EQUITY:10,1966,9576,3145,8404,5413,9752,593

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24823322819115812086
Net investment income2272182241901248859
Financial services revenue343226
Cost of revenue(4)(7)(3)(4)(3)(5)(3)
Provision for loan, lease, and other losses(4)(7)(3)(4)
Financial services costs(3)(5)(3)
Gross profit:24422722518715511583
Operating expenses(37)(32)(28)(28)(80)(70)(55)
Other operating income, net
(Noninterest Income, Other Operating Income)
131097532
Operating income:220205206165814830
Nonoperating expense
(Investment Income, Nonoperating)
     (1) 
Interest and debt expense(14)(47)(79)(52)(23)(11)(6)
Income from continuing operations before equity method investments, income taxes:206157127113583624
Other undisclosed income (loss) from continuing operations before income taxes(54)(39)(48)(53)(7)2(1)
Income from continuing operations before income taxes:1521197960513823
Income tax expense(42)(34)(23)(17)(23)(15)(9)
Net income available to common stockholders, diluted:110845643282313

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:110845643282313
Other comprehensive income (loss)(12)10541(4)(2)
Comprehensive income, net of tax, attributable to parent:98946247291911

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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