First Foundation (FFWM)
Market Price (4/1/2026): $5.89 | Market Cap: $487.9 MilSector: Financials | Industry: Regional Banks
First Foundation (FFWM)
Market Price (4/1/2026): $5.89Market Cap: $487.9 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -502% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 258% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Wealth Management Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -83% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -12% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% Key risksFFWM key risks include [1] severe net interest margin compression from its portfolio of low-rate, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -502% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 258% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Wealth Management Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -83% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -12% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% |
| Key risksFFWM key risks include [1] severe net interest margin compression from its portfolio of low-rate, Show more. |
Qualitative Assessment
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First Foundation (FFWM) stock has lost about 5% since 12/31/2025 because of the following key factors:
1. First Foundation missed Q4 2025 earnings and revenue estimates.
The company reported its fourth-quarter 2025 earnings on January 29, 2026, posting an earnings per share (EPS) of -$0.04, which missed analysts' estimates of $0.03 by $0.07. Additionally, revenue for the quarter was $48.36 million, falling short of estimates by approximately $14.2 million. While the net loss of $8.0 million was a substantial improvement from the $146.3 million net loss in Q3 2025, the miss on expectations likely contributed to negative stock movement.
2. Cautious analyst sentiment persisted despite merger approval.
Although First Foundation received all necessary bank regulatory approvals, including from the Federal Reserve, for its merger with FirstSun Capital Bancorp by March 12, 2026, analysts maintained a cautious outlook. Some analysts downgraded the stock to "Hold," reflecting skepticism about the strategic and financial value the all-stock merger would deliver to current shareholders. The average 12-month price target among analysts ranged from $6.00 to $6.58. Integration risks and deal terms were noted as ongoing concerns.
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1. First Foundation missed Q4 2025 earnings and revenue estimates.
The company reported its fourth-quarter 2025 earnings on January 29, 2026, posting an earnings per share (EPS) of -$0.04, which missed analysts' estimates of $0.03 by $0.07. Additionally, revenue for the quarter was $48.36 million, falling short of estimates by approximately $14.2 million. While the net loss of $8.0 million was a substantial improvement from the $146.3 million net loss in Q3 2025, the miss on expectations likely contributed to negative stock movement.
2. Cautious analyst sentiment persisted despite merger approval.
Although First Foundation received all necessary bank regulatory approvals, including from the Federal Reserve, for its merger with FirstSun Capital Bancorp by March 12, 2026, analysts maintained a cautious outlook. Some analysts downgraded the stock to "Hold," reflecting skepticism about the strategic and financial value the all-stock merger would deliver to current shareholders. The average 12-month price target among analysts ranged from $6.00 to $6.58. Integration risks and deal terms were noted as ongoing concerns.
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Stock Movement Drivers
Fundamental Drivers
The -4.2% change in FFWM stock from 12/31/2025 to 3/31/2026 was primarily driven by a -2.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.16 | 5.90 | -4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 196 | 191 | -2.8% |
| P/S Multiple | 2.6 | 2.6 | -0.9% |
| Shares Outstanding (Mil) | 82 | 83 | -0.5% |
| Cumulative Contribution | -4.2% |
Market Drivers
12/31/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| FFWM | -4.2% | |
| Market (SPY) | -5.4% | 37.6% |
| Sector (XLF) | -9.9% | 54.3% |
Fundamental Drivers
The 5.9% change in FFWM stock from 9/30/2025 to 3/31/2026 was primarily driven by a 187.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.57 | 5.90 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 66 | 191 | 187.8% |
| P/S Multiple | 6.9 | 2.6 | -63.0% |
| Shares Outstanding (Mil) | 82 | 83 | -0.5% |
| Cumulative Contribution | 5.9% |
Market Drivers
9/30/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| FFWM | 5.9% | |
| Market (SPY) | -2.9% | 34.0% |
| Sector (XLF) | -8.0% | 54.9% |
Fundamental Drivers
The 13.7% change in FFWM stock from 3/31/2025 to 3/31/2026 was primarily driven by a 258.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.19 | 5.90 | 13.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 53 | 191 | 258.5% |
| P/S Multiple | 8.0 | 2.6 | -68.1% |
| Shares Outstanding (Mil) | 82 | 83 | -0.6% |
| Cumulative Contribution | 13.7% |
Market Drivers
3/31/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| FFWM | 13.7% | |
| Market (SPY) | 16.3% | 41.4% |
| Sector (XLF) | 0.1% | 54.4% |
Fundamental Drivers
The -20.0% change in FFWM stock from 3/31/2023 to 3/31/2026 was primarily driven by a -42.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.37 | 5.90 | -20.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 329 | 191 | -42.0% |
| P/S Multiple | 1.3 | 2.6 | 102.8% |
| Shares Outstanding (Mil) | 56 | 83 | -32.0% |
| Cumulative Contribution | -20.0% |
Market Drivers
3/31/2023 to 3/31/2026| Return | Correlation | |
|---|---|---|
| FFWM | -20.0% | |
| Market (SPY) | 63.3% | 30.6% |
| Sector (XLF) | 60.4% | 44.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FFWM Return | 26% | -41% | -31% | -36% | -1% | -6% | -70% |
| Peers Return | 26% | -6% | -3% | 19% | 13% | 4% | 61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -7% | 69% |
Monthly Win Rates [3] | |||||||
| FFWM Win Rate | 75% | 42% | 50% | 50% | 33% | 33% | |
| Peers Win Rate | 63% | 47% | 43% | 52% | 55% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| FFWM Max Drawdown | -1% | -44% | -73% | -48% | -26% | -10% | |
| Peers Max Drawdown | -2% | -19% | -46% | -16% | -20% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSFS, CVBF, KEY, BKU, ABCB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/31/2026 (YTD)
How Low Can It Go
| Event | FFWM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.0% | -25.4% |
| % Gain to Breakeven | 668.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.2% | -33.9% |
| % Gain to Breakeven | 109.3% | 51.3% |
| Time to Breakeven | 238 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.4% | -19.8% |
| % Gain to Breakeven | 67.9% | 24.7% |
| Time to Breakeven | 735 days | 120 days |
Compare to WSFS, CVBF, KEY, BKU, ABCB
In The Past
First Foundation's stock fell -87.0% during the 2022 Inflation Shock from a high on 11/10/2021. A -87.0% loss requires a 668.3% gain to breakeven.
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About First Foundation (FFWM)
First Foundation Inc., through its subsidiaries, provides personal banking, business banking, and private wealth management services in the United States. It operates through two segments, Banking and Wealth Management. The company offers a range of bank deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificate of deposits; and loan products consisting of multifamily and single family residential real estate loans, commercial real estate loans, and commercial term loans and line of credits, as well as consumer loans, such as personal installment loans and line of credits, and home equity line of credits. It also provides various specialized services comprising trust services, internet and mobile banking, remote deposit capture services, merchant credit card services, ATM cards, Visa debit cards, and business sweep accounts, as well as insurance brokerage services and equipment financing solutions. In addition, the company offers investment management and financial planning services; treasury management services; advisory and coordination services in the areas of estate planning, retirement planning, and charitable and business ownership issues; and financial, investment, and economic advisory and related services. Further, it provides support services, including the processing and transmission of financial and economic data for charitable organizations. The company operates through a network of 28 branch offices and 3 loan production offices in California, Nevada, Texas, and Hawaii. First Foundation Inc. was founded in 1985 and is headquartered in Dallas, Texas.
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1. A regional version of a diversified financial firm like Wells Fargo or J.P. Morgan, but with a strong emphasis on private wealth management.
2. It's like a community bank that also provides the comprehensive investment and financial planning services you'd expect from a firm like Charles Schwab or Fidelity.
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- Bank Deposit Products: Offers various accounts for individuals and businesses, including checking, savings, money market, and time deposits.
- Loan Products: Provides a range of lending options, such as real estate loans (residential and commercial), commercial term loans, lines of credit, and consumer loans.
- Wealth Management and Advisory Services: Delivers investment management, financial planning, and comprehensive advisory services covering estate, retirement, and business ownership.
- Specialized Banking and Treasury Services: Offers advanced banking features like trust services, remote deposit capture, merchant credit card services, and comprehensive treasury management.
- Insurance Brokerage: Provides insurance brokerage services to clients.
- Equipment Financing: Offers solutions for financing equipment acquisitions.
- Non-Profit Financial Support Services: Provides processing and transmission of financial data specifically for charitable organizations.
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First Foundation (FFWM) is a diversified bank and financial services company that serves a broad customer base rather than having a few major, named customers. Its services are segmented to cater to distinct categories of clients.
The company primarily serves the following three categories of customers:
- Personal Banking Customers: This category includes individuals and families who utilize services such as personal checking and savings accounts, money market accounts, consumer loans (e.g., personal installment loans, home equity lines of credit), and single-family residential real estate loans.
- Business Banking Customers: This segment caters to various businesses, providing them with business checking and savings accounts, commercial real estate loans, commercial term loans and lines of credit, treasury management services, and equipment financing solutions.
- Private Wealth Management & Institutional Clients: This category encompasses high-net-worth individuals, families, and charitable organizations seeking specialized services. These services include investment management, financial planning, advisory and coordination services (for estate planning, retirement planning, charitable, and business ownership issues), and support services for charitable organizations.
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Thomas C. Shafer
Chief Executive Officer
Thomas C. Shafer was appointed Chief Executive Officer of First Foundation Inc. on November 21, 2024, bringing with him four decades of banking experience. His career includes significant leadership roles at Huntington Bancshares and TCF National Bank. Prior to joining First Foundation, he served as Co-President of Commercial Banking at Huntington Bancshares until December 2022, and before that, he was the Chief Executive Officer of TCF National Bank.
James Britton
Executive Vice President, Chief Financial Officer
James Britton was appointed Executive Vice President, Chief Financial Officer for First Foundation Inc., effective August 14, 2023. In this role, he leads the financial operations teams for First Foundation and its subsidiaries. Mr. Britton possesses deep experience in corporate finance, operations, and investor relations.
Simone Lagomarsino
President
Simone Lagomarsino was appointed President of First Foundation Inc. effective September 3, 2024, and also became President of First Foundation Bank on July 8, 2024. Before joining First Foundation, she served as CEO of Luther Burbank Savings and as a director of Luther Burbank Corporation until February 2024. Her extensive career includes executive positions at various financial institutions, and she was recognized as Community Banker of the Year by American Banker in 2013.
John A. Hakopian
President & Co-Chief Investment Officer of First Foundation Advisors
John A. Hakopian serves as the President & Co-Chief Investment Officer of First Foundation Advisors. He previously served on the board of directors of First Foundation Inc. but resigned from that role effective September 3, 2024, while continuing his leadership position at First Foundation Advisors.
Parham Medhat
Executive Vice President and Chief Operations Officer
Parham Medhat holds the position of Executive Vice President and Chief Operations Officer at First Foundation Inc.
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The key risks to First Foundation's business are primarily related to its financial operations as a regional bank, encompassing interest rate sensitivity, credit quality, and the execution of its pending merger.
- Interest Rate Risk and Net Interest Margin Compression: First Foundation has been significantly impacted by rising interest rates due to an "acutely liability sensitive balance sheet," leading to a substantial contraction in its net interest margin and affecting profitability. This is exacerbated by past aggressive loan growth that outpaced deposit growth, making funding more expensive. The company has undertaken efforts to restructure its balance sheet to mitigate this risk.
- Credit Risk and Asset Quality, particularly in Multifamily Loans: While the company has historically maintained strong asset quality, a significant portion of its multifamily loan portfolio has recently been reclassified as "held-for-sale," resulting in fair value adjustments and a reported large quarterly loss. This indicates potential vulnerabilities within its loan portfolio, and loan defaults and losses remain inherent risks, especially during economic downturns, which could necessitate adjustments to its allowance for credit losses.
- Merger Integration and Execution Risk with FirstSun Capital Bancorp: First Foundation is in the process of merging with FirstSun Capital Bancorp. This strategic move introduces integration risks, including the potential for delays in closing, higher-than-anticipated transaction costs, and challenges in achieving expected cost savings and synergies. There is also the risk that the merger may not ultimately close or fail to deliver the anticipated operational improvements and financial benefits.
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Digital-only banks and FinTech companies, which offer banking and wealth management services with lower overhead costs and often more advanced digital platforms, pose a clear emerging threat by directly competing for deposits, loans, and investment clients.
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First Foundation Inc. (FFWM) operates within several substantial addressable markets across the United States for its personal banking, business banking, and private wealth management services.
Here are the estimated market sizes for its main products and services in the U.S. region:
- Retail Banking (Deposit and Consumer Loan Products): The U.S. retail banking market generated an estimated revenue of USD 454.3 billion in 2024, with projections to reach USD 678.3 billion by 2033.
- Commercial Banking (Business Banking and Commercial Loans): The market size for Commercial Banking in the U.S. was approximately USD 1.6 trillion in 2025 and 2026. Separately, the U.S. Commercial Banking Market size is estimated at USD 226.44 billion in 2024 and is expected to reach USD 269.28 billion by 2029. Another estimate places the U.S. commercial banking market size at USD 765.53 billion in 2026, projected to grow to USD 954.48 billion by 2031.
- Wealth Management (Investment Management and Financial Planning Services): While the overall U.S. Wealth Management Market is described as "extraordinarily vast" in assets under management, specific aggregate figures for AUM were not provided numerically. However, robo-advisors, a component of wealth management, managed over USD 1 trillion in assets as of 2025, with forecasts to approach USD 2 trillion in the near future. The wealth management platform market (a supporting segment) reached USD 6.82 billion in 2026 and is projected to grow to USD 11.82 billion by 2031.
- Commercial Real Estate Lending: Total commercial real estate (CRE) mortgage borrowing and lending in the U.S. was an estimated USD 498 billion in 2024. The broader U.S. CRE mortgage market, as of March 2023, consisted of approximately USD 4.5 trillion backed by income-producing properties and USD 470 billion in construction loans. Commercial real estate loans for all commercial banks in the U.S. stood at USD 3,072.46750 billion in February 2026.
- Residential Real Estate Lending (Home Loans): The U.S. Home Loan market size is estimated at USD 2.42 trillion in 2026 and is projected to reach USD 3.17 trillion by 2031. The total U.S. mortgage market is approximately USD 14.5 trillion.
- Insurance Brokerage Services: The U.S. Insurance Brokerage Market was valued at USD 260.1 billion in 2024 and USD 261.7 billion in 2025. Another source reported a valuation of USD 112.54 billion in 2025, expected to reach USD 228.09 billion by 2033. Other estimates for the U.S. insurance brokerage market vary, including USD 140.38 billion in 2025, growing to USD 145.8 billion in 2026, and a projection to reach USD 38.4 billion by 2026. The market is also projected to grow from USD 70.48 billion in 2024 to USD 109.95 billion in 2032.
- Equipment Financing: The equipment finance industry in the U.S. expanded to an estimated USD 1.34 trillion in 2023. This figure represents approximately 57.7% of the total USD 2.3 trillion invested by U.S. businesses, nonprofits, and government agencies in plant, equipment, and software in 2023 that was financed through loans, leases, and lines of credit.
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Here are the expected drivers of future revenue growth for First Foundation (FFWM) over the next 2-3 years:- Net Interest Margin (NIM) Expansion: First Foundation anticipates significant improvement in its net interest margin. The company projects its NIM to exit 2025 between 1.8% and 1.9%, and further increase to between 2.1% and 2.2% by the fourth quarter of 2026. This expansion is expected to be driven by reducing higher-cost deposits, asset repricing, and the potential for Federal Reserve rate cuts, which could accelerate deposit repricing.
- Shift Towards Commercial and Industrial (C&I) Loans: The company is strategically prioritizing higher-yielding Commercial and Industrial (C&I) loans while reducing its concentration in lower-yielding multifamily loans. This shift is already evident, with approximately 78% of new loan fundings in the first quarter of 2025 being C&I loans.
- Optimization of Loan Portfolio and Reduction of Commercial Real Estate (CRE) Exposure: First Foundation is focused on optimizing its loan portfolio, including a strategic aim to exit its commercial real estate held-for-sale portfolio by the end of 2025. This initiative, alongside reducing multifamily loan concentrations, is intended to improve the balance sheet and enhance overall profitability.
- Growth in Core Fee Income: Management expects to see positive growth trends in its core fee income. This indicates a focus on increasing revenue generated from non-interest-based services, such as wealth management, trust services, and other financial planning offerings.
- Geographical Expansion: First Foundation is pursuing disciplined expansion into new geographical markets, specifically identifying North Texas and Southwest Florida as key areas. This expansion aims to attract new customers and diversify revenue streams, thereby contributing to overall business growth.
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```htmlShare Issuance
- First Foundation completed an equity capital raise in July 2024, generating approximately $228 million through the issuance of common and preferred stock, alongside warrants.
- The weighted average diluted shares outstanding increased from 56.43 million in 2023 to 65.60 million in 2024, further rising to 82.37 million in 2025.
- As of the third quarter of 2025, First Foundation had 83 million shares outstanding, indicating a 0.6% increase from the preceding quarter.
Inbound Investments
- First Foundation Inc. is engaged in an all-stock merger with FirstSun Capital Bancorp, with First Foundation merging into FirstSun.
- The aggregate transaction value for this merger, including $17.5 million in cash for warrant holders, is estimated at $785 million based on FirstSun's closing price as of October 24, 2025.
- The merger received all necessary bank regulatory approvals, including from the Federal Reserve and the Office of the Comptroller of the Currency, and is expected to close on April 1, 2026.
Capital Expenditures
- First Foundation reported capital expenditures of $620K in the third quarter of 2025, representing a 46.9% increase from the prior quarter.
- The net value of Property, Plant & Equipment was $34.66 million in fiscal year 2025, $35.81 million in fiscal year 2024, and $39.93 million in fiscal year 2023.
- Management observed some client hesitation regarding capital expenditures in the first quarter of 2025 due to the economic climate.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| First Foundation Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.60 |
| Mkt Cap | 3.4 |
| Rev LTM | 1,080 |
| Op Inc LTM | - |
| FCF LTM | 288 |
| FCF 3Y Avg | 302 |
| CFO LTM | 290 |
| CFO 3Y Avg | 313 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.0% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 7.6% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 31.6% |
| CFO/Rev 3Y Avg | 32.3% |
| FCF/Rev LTM | 30.2% |
| FCF/Rev 3Y Avg | 30.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.4 |
| P/S | 3.2 |
| P/EBIT | - |
| P/E | 12.4 |
| P/CFO | 10.8 |
| Total Yield | 9.0% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 8.8% |
| D/E | 0.3 |
| Net D/E | -0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | 2.0% |
| 6M Rtn | 8.2% |
| 12M Rtn | 29.4% |
| 3Y Rtn | 85.0% |
| 1M Excs Rtn | 3.5% |
| 3M Excs Rtn | 6.1% |
| 6M Excs Rtn | 9.1% |
| 12M Excs Rtn | 13.4% |
| 3Y Excs Rtn | 25.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking | 212 | 231 | 351 | ||
| Wealth Management | 31 | 29 | 30 | ||
| Other | -8 | -9 | -14 | ||
| Total | 234 | 252 | 367 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Wealth Management | 5 | 5 | 4 | ||
| Other | -10 | -9 | -13 | ||
| Banking | -87 | -195 | 119 | ||
| Total | -92 | -199 | 111 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking | 12,612 | 13,299 | 12,980 | 10,171 | 6,942 |
| Other | 1,250 | 1,125 | 1,343 | ||
| Wealth Management | 18 | 6 | 17 | 4 | 3 |
| Eliminations | -1,235 | -1,102 | -1,327 | ||
| Other and Eliminations | 21 | 13 | |||
| Total | 12,645 | 13,327 | 13,014 | 10,196 | 6,957 |
Price Behavior
Price Behavior
| Market Price | $5.90 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 11/03/2014 | |
| Distance from 52W High | -9.8% | |
| 50 Days | 200 Days | |
| DMA Price | $6.04 | $5.69 |
| DMA Trend | up | down |
| Distance from DMA | -2.3% | 3.7% |
| 3M | 1YR | |
| Volatility | 34.8% | 38.8% |
| Downside Capture | 0.64 | 0.66 |
| Upside Capture | 129.01 | 93.08 |
| Correlation (SPY) | 35.6% | 41.5% |
FFWM Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.74 | 1.01 | 0.98 | 1.01 | 0.86 | 1.28 |
| Up Beta | 0.53 | -0.41 | 1.04 | 1.06 | 0.58 | 1.10 |
| Down Beta | 0.54 | 0.41 | 0.55 | 1.08 | 1.12 | 1.08 |
| Up Capture | 125% | 179% | 132% | 109% | 96% | 232% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 31 | 61 | 116 | 349 |
| Down Capture | 56% | 123% | 108% | 91% | 97% | 110% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 21 | 31 | 61 | 121 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FFWM | |
|---|---|---|---|---|
| FFWM | 20.1% | 39.1% | 0.56 | - |
| Sector ETF (XLF) | 1.4% | 19.3% | -0.05 | 54.7% |
| Equity (SPY) | 17.2% | 18.9% | 0.72 | 41.4% |
| Gold (GLD) | 52.7% | 27.9% | 1.51 | -5.5% |
| Commodities (DBC) | 17.9% | 17.6% | 0.86 | 6.8% |
| Real Estate (VNQ) | 2.8% | 16.5% | -0.00 | 40.8% |
| Bitcoin (BTCUSD) | -20.8% | 44.1% | -0.40 | 17.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FFWM | |
|---|---|---|---|---|
| FFWM | -22.6% | 56.3% | -0.23 | - |
| Sector ETF (XLF) | 10.0% | 18.7% | 0.42 | 47.8% |
| Equity (SPY) | 12.1% | 17.0% | 0.55 | 33.2% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | -3.1% |
| Commodities (DBC) | 11.6% | 18.8% | 0.50 | 10.1% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.10 | 37.6% |
| Bitcoin (BTCUSD) | 4.9% | 56.6% | 0.31 | 7.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FFWM | |
|---|---|---|---|---|
| FFWM | -5.4% | 47.1% | 0.06 | - |
| Sector ETF (XLF) | 12.4% | 22.2% | 0.52 | 55.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 43.3% |
| Gold (GLD) | 13.8% | 15.9% | 0.72 | -3.2% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 15.1% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 42.4% |
| Bitcoin (BTCUSD) | 66.1% | 66.8% | 1.05 | 9.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/29/2026 | 1.8% | 8.2% | -2.3% |
| 10/30/2025 | -0.6% | 0.9% | 1.3% |
| 7/31/2025 | 0.0% | 4.1% | 20.3% |
| 4/30/2025 | 1.0% | 6.0% | 5.8% |
| 1/30/2025 | -12.8% | -14.2% | -18.7% |
| 10/29/2024 | -6.9% | -16.7% | 2.8% |
| 7/25/2024 | 5.1% | 4.3% | -2.2% |
| 4/25/2024 | -5.0% | -22.6% | -15.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 14 |
| # Negative | 9 | 10 | 10 |
| Median Positive | 1.4% | 4.1% | 8.4% |
| Median Negative | -5.0% | -12.1% | -11.0% |
| Max Positive | 22.4% | 33.5% | 32.0% |
| Max Negative | -12.8% | -26.9% | -26.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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