First Foundation Inc. Named to Piper Sandler’s Sm-All Stars: Class of 2022
October 03 2022 - 7:30AM
Business Wire
Marking the second year in a row First
Foundation has received this recognition
First Foundation Inc. (NASDAQ: FFWM), a financial services
company with two wholly-owned operating subsidiaries, First
Foundation Advisors and First Foundation Bank, today announced it
has been named to the Piper Sandler Sm-All Stars: Class of 2022,
marking the second year the bank has received this recognition.
The Piper Sandler Sm-All Stars list identifies 35 of the highest
performing small-cap banks and thrifts in the country, with the
objective of “uncovering the next crop of stellar mid-cap banks
before they are discovered by the rest of the world,” according to
their report.
To earn Sm-All Star status, companies needed to have a market
cap below $2.5 billion and clear numerous hurdles related to
growth, profitability, credit quality, and capital strength.
Against industry medians, banks needed to out-perform in each of
the following four metrics, among other qualifications: EPS Growth,
Loan Growth, Deposit Growth and ROAE. In all, Piper Sandler’s
rigorous screening methodology eliminated 327 institutions, or 90%
of banks and thrifts that trade on a major exchange.
“The performance metrics of the remaining 35 institutions are
outstanding, with the Class of 2022 delivering bottom line results
that are markedly better than the industry as a whole,” per the
report. “While other factors, such as valuation and risk, should be
used in making investment decisions, we believe that the Sm-All
Stars approach represents a valid starting point in identifying
high quality small-cap companies.”
Scott F. Kavanaugh, Chief Executive Officer, First Foundation
Inc. stated, “It is an incredible honor to be named to Piper
Sandler’s Sm-All Star Class for the second year in a row. We work
extremely hard to achieve stellar results for our shareholders,
clients and all our constituencies, whom we could not have done
this without. I continue to be more excited than ever about where
we are today and what we can accomplish in the years ahead.”
About First Foundation
First Foundation Inc. (NASDAQ: FFWM) and its subsidiaries offer
personal banking, business banking, and private wealth management
services, including investment, trust, insurance, and philanthropy
services. This comprehensive platform of financial services is
designed to help clients at any stage in their financial journey.
The broad range of financial products and services offered by First
Foundation are more consistent with those offered by larger
financial institutions, while its high level of personalized
service, accessibility, and responsiveness to clients is more
aligned with community banks and boutique wealth management firms.
This combination of an integrated platform of comprehensive
financial products and personalized service differentiates First
Foundation from many of its competitors and has contributed to the
growth of its client base and business. Learn more at
firstfoundationinc.com, or connect with us on LinkedIn and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20221003005046/en/
Media Contact: Shannon Wherry Director of Corporate
Communications swherry@ff-inc.com (469) 207-9482
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