BNET Industries

Financial Federal Corp.

(FIF) is in the Financial Services Industry

Market Cap:$561.9M
Last Fiscal Year Sales:$188.4M
  • Public
  • US
Dow Jones Description

Financial Federal Corporation is an independent financial services company operating in the United States through three wholly owned subsidiaries. We do not have any unconsolidated subsidiaries, partnerships or joint ventures. We also do not have any off-balance sheet assets or liabilities (other than commitments to extend credit), goodwill, other intangible assets or pension obligations, and we are not involved in income tax shelters. We have one fully consolidated special purpose entity we established for our on-balance-sheet asset securitization facility. We have one line of business. We lend money under installment sale agreements, secured loans and leases (collectively referred to as "finance receivables") to small and medium sized businesses for their equipment financing needs. Finance receivable transactions generally range between $50,000 and $1.5 million, have terms between two and five years and require monthly payments. The average transaction size is approximately $250,000. We earn revenue solely from interest and other fees and amounts earned on our finance receivables. We need to borrow most of the money we lend. Therefore, liquidity (money currently available for us to borrow) is very important. We borrow from banks and insurance companies and we issue commercial paper to other investors. Approximately 75% of our finance receivables were funded with debt at January 31, 2009. ...

Chairman, CEO & President
Paul R. Sinsheimer
Number of Employees 230
Contact Information

733 3rd Ave 24h Fl

New York, New York 10017

financialfedera...

(212) 599-8000

NAICS Code Sales Financing: 522220

Recent Events

  • FBR Capital Markets and Co. reiterates Financial Federal at 'market perform'

    9/25/09 - Bond / Stock Rating - View Story

  • Financial Federal Misses Q4/09 EPS by $0.02

    9/24/09 - Stock Split / Dividend - View Story

  • Financial Federal Reports Lower Q3/09 Net Income, 67% Drop in Originations

    6/09/09 - Financial Announcement - View Story

News & Analysis

financial federal corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
John Golio President
Mike Gallagher Senior Vice President & Chief Credit Officer
Steven F. Groth Senior Vice President & Cfo
William Gallagher Senior Vice President & Chief Credit Officer
William Mike Gallaher Senior Vice President & Chief Credit Officer
James Mayes President
James Mays Jr. Executive Vice President
Troy Geisser Secretary & Senior Vice President
Angelo Garubo Vice President & General Counsel
David H. Hamm Vice President,Controller & Treasurer
Julian C. Green Vice President
Kimberly P. Walter Vice President
Ted Wooldridge Vice President
Leopold Swergold Director of the Company
Michael J. Zimmerman Director of the Company

Board of Directors

Name (plus bio) Position
Paul R. Sinsheimer Chairman, CEO & President
H. E. Timanus Board of Directors
H.E. Timanus Board of Directors
Lawrence B. Fisher Board of Directors
Michael C. Palitz Board of Directors

Paul R. Sinsheimer, 61, has served as Chairman of the Board and Chief Executive Officer of the Company since December 2000, as President of the Company since September 1998, as an Executive Vice President of the Company from its inception in 1989 to September 1998 and as a director of the Company since its inception. From 1970 to 1989, Mr. Sinsheimer worked for Commercial Alliance Corporation in several positions including Executive Vice President.

Organization Position Status
Financial Federal Corporation Chairman, CEO & President Current
Commercial Alliance Former

John V. Golio, 46, has served as an Executive Vice President of the Company since October 2001, as a Senior Vice President of the Company from 1997 to October 2001, as an Operations Center Manager since joining the Company in January 1996 to October 2001 and as a Vice President of the Company's major operating subsidiary from January 1996 to 1997. Before joining the Company, Mr. Golio worked for Commercial Alliance Corporation and its successors in several positions including branch operations manager.

Organization Position Status
Financial Federal Corporation President Current
Financial Federal Credit Inc. Vice President Current
Financial Federal Corporation Executive Vice President Current

Organization Position Status
Financial Federal Corporation Senior Vice President & Chief Credit Officer Current
Financial Federal Credit Inc. Vice President Current

Organization Position Status
Financial Federal Corporation Senior Vice President & Cfo Current
Financial Federal Credit Inc. CFO & Vice President Former
Fleet Bank Managing Director of Specialty Finance and Transportation Former
Fleet Bank Senior Banker Former

Organization Position Status
Financial Federal Corporation Senior Vice President & Chief Credit Officer Current
Commercial Alliance Former

Organization Position Status
Financial Federal Corporation Senior Vice President & Chief Credit Officer Current

Array

Organization Position Status
Financial Federal Corporation President Current

Organization Position Status
Financial Federal Corporation Executive Vice President Current

Organization Position Status
Financial Federal Corporation Secretary & Senior Vice President Current
Financial Federal Credit Inc. Secretary & Vice President Current
Financial Federal Corporation Board of Directors Current
Commercial Alliance Former

Angelo G. Garubo, 47, has served as a Vice President and General Counsel of the Company since joining the Company in April 2000. From 1990 to 2000, Mr. Garubo was a partner in the law firm Danzig, Garubo & Kaye where he represented the Company in various legal matters.

Organization Position Status
Financial Federal Corporation Vice President & General Counsel Current
Danzig & Co. Partner Former

David H. Hamm, CPA, 42, has served as a Vice President of the Company since October 2001, as Treasurer since March 2004 and as Controller since joining the Company in July 1996. From 1985 to 1996, Mr. Hamm was employed in the public accounting profession, including eight years as an audit manager.

Organization Position Status
Financial Federal Corporation Vice President,Controller & Treasurer Current

Organization Position Status
Financial Federal Corporation Vice President Current

Organization Position Status
Financial Federal Corporation Vice President Current

Organization Position Status
Financial Federal Corporation Vice President Current

Leopold Swergold, 67, has served as a director of the Company since August 16, 2005. Mr. Swergold is the sole member of Anvers Management LLC, a general partner of two private equity funds. Mr. Swergold was a Managing Director at ING Groep N.V. from 1997 until he retired in December 2004. He was Head of Healthcare Investment Banking and a member of the Board of Directors of Furman Selz from 1989 until it was acquired by ING Groep N.V. in 1997. After working on Wall Street for twenty years, Mr. Swergold formed his own investing banking firm in 1983 that later merged into Furman Selz in 1989. Mr. Swergold served as a Governor and Chair of the Audit Committee of the National Association of Securities Dealers ("NASD") from 1989 to 1992. He is a member of the Board of Directors of Select Medical Corporation. Mr. Swergold is also a Trustee of the Freer and Sackler Galleries at the Smithsonian Institution in Washington, D.C.

Organization Position Status
Financial Federal Corporation Director of the Company Current
Select Medical Corporation Board of Directors Current
Financial Federal Corporation Board of Directors Current
Furman Selz Board of Directors Former

Organization Position Status
ContiGroup Companies, Inc. Chief Financial Officer Current
Contigroup Company Chief Financial Officer Current
Smithfield Foods, Inc. Advisory Director Current
Financial Federal Corporation Director of the Company Current
Osg Lightering LLC Chairman of The Board Current
Osg Lightering LLC Board of Directors Current
Financial Federal Corporation Board of Directors Current
Smithfield Foods, Inc. Board of Directors Current
Kbw, Inc. Director Current
Overseas Shipholding Group, Inc. Board of Directors Current
Salomon Brothers Inc. Managing Director Former
Salomon Brothers Managing Director Former
Premium Standard Farms, Inc. Director Former
OSG Ship Management Inc. Board of Directors Former
Trinity College Bachelor of Arts degree Former
Corporate Governance member Former

Organization Position Status
Financial Federal Corporation Board of Directors Current

Organization Position Status
Financial Federal Corporation Board of Directors Current

Lawrence B. Fisher, 69, has served as a director of the Company since 1992. Mr. Fisher was a partner of Orrick, Herrington & Sutcliffe LLP, a law firm, from December 1995 until he retired in December 2005. He had previously been a partner of Kelley Drye & Warren LLP, a law firm, from 1985 to December 1995. He is a director of National Bank of New York City, a privately owned commercial bank and is a member of the Board of Directors of the Quantum Group, a publicly held health care service company.

Organization Position Status
Financial Federal Corporation Board of Directors Current
National Bank of New York City Board of Directors Current
Positions and Promotions Board of Directors Current
Quantum Group, Inc. Board of Directors Current
Kelley Drye & Warren L.L.P. Partner Former
Columbia College Bachelor of Arts Degree In Political Science Former
Columbia University Law School Llb Former
Columbia University Law School Degree Former

Organization Position Status
Preston Partners, Inc. Managing Director Current
Financial Federal Corporation Board of Directors Current
Museum of The Moving Image Board of Directors Current
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     FIF $21.51 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 89,615
Shares Outstanding 25.90M
Market Cap 557.2M
Year High 26.29
Year Low 13.894
Earnings Per Share 1.72
P/E Ratio 12.51
Dividend 0.60
Yield 2.79
IndustryTop Rated

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