FIRSTSUN CAPITAL BANCORP (FSUN) Company Report

FirstSun Capital Bancorp is involved in a merger with First Foundation Inc..
Upon completion of the proposed transaction, FirstSun shareholders will own 59.5% of the combined company.
The merger is currently under investigation by Monteverde & Associates PC, a class action firm.

Dec 12, 2025, 6:20 PM

Press Release

FirstSun Capital Bancorp Secures $40 Million Equity Investment from Castle Creek Capital

FSUN

New Projects/Investments

Board Change

M&A

Affiliates of Castle Creek Capital acquired a $40 million equity position in FirstSun Capital Bancorp from legacy stockholders, establishing Castle Creek as one of FirstSun's largest institutional stockholders with an approximate 4% ownership stake as of December 4, 2025.
Spencer T. Cohn, a Director at Castle Creek Capital, is expected to join FirstSun's board of directors, effective upon the earlier of the closing of the proposed merger with First Foundation Inc. or the 2026 annual meeting of stockholders.
To facilitate this board appointment, Isabella Cunningham announced her resignation as a director, effective at the earlier of the proposed merger closing or the 2026 Annual Meeting.

Dec 4, 2025, 1:31 PM

8-K

FirstSun Capital Bancorp's Merger with First Foundation Inc. Under Investigation

FSUN

M&A

Legal Proceedings

Monteverde & Associates PC is investigating the merger of FirstSun Capital Bancorp with First Foundation Inc.
Upon completion of the proposed transaction, FirstSun shareholders are expected to own 59.5% of the combined company.

Nov 21, 2025, 10:30 PM

Press Release

FirstSun Capital Bancorp Announces Merger with First Foundation Inc.

FSUN

M&A

FirstSun Capital Bancorp and First Foundation Inc. entered into an Agreement and Plan of Merger on October 27, 2025.
Under the terms of the agreement, First Foundation will merge with and into FirstSun, with FirstSun continuing as the surviving entity.
Concurrently, First Foundation Bank will merge with and into Sunflower Bank, a subsidiary of FirstSun, which will continue as the surviving bank under the name "Sunflower Bank, National Association".
The Boards of Directors of both companies unanimously approved the merger, which is intended to qualify as a reorganization for federal income tax purposes.

Oct 30, 2025, 8:48 PM

8-K

FirstSun Capital Bancorp Announces Merger with First Foundation Inc.

FSUN

M&A

Guidance Update

New Projects/Investments

FirstSun Capital Bancorp announced a merger with First Foundation Inc. following the market close on October 27, 2025.
The merger is projected to achieve approximately 30% accretion in 2027, with a fully loaded tangible book value (TBV) earn back of slightly over three years.
A repositioning plan, involving the paydown of $3.4 billion in liabilities and asset runoff, is expected to be completed around the projected early Q2 2026 closing date.
The company anticipates 35% cost savings from the merger, with roughly 70% of these savings expected to come from personnel.
The pro forma CET1 ratio is estimated to be around 10.5% at closing and is projected to increase to approximately 12.7% by 2027.

Oct 28, 2025, 2:00 PM

Transcript

FirstSun Capital Bancorp Announces Acquisition of First Foundation and Repositioning Plan

FSUN

M&A

Guidance Update

New Projects/Investments

FirstSun Capital Bancorp is acquiring First Foundation, with a projected closing date in early Q2. The deal includes a $3.4 billion repositioning plan focused on lowering non-relationship rate-sensitive elements to reduce liquidity, interest rate, and credit risk, aiming for an approximate 10% wholesale funding level post-closing.
Pro forma post-closing, the CET1 capital level is projected at a strong 10.5%, with expectations to reach around 12.7% by 2027.
The acquisition is expected to generate 35% cost savings, primarily from personnel, FDIC elements, and professional services. Significant revenue synergies are also anticipated from First Foundation's wealth platform, which has over $5.3 billion in assets under management, as well as treasury management and residential mortgage expertise.

Oct 28, 2025, 2:00 PM

Transcript

FirstSun Capital Bancorp Announces Q3 2025 Results and Acquisition of First Foundation Inc.

FSUN

Earnings

M&A

Guidance Update

FirstSun Capital Bancorp (FSUN) reported Q3 2025 net income of $23.174 million and diluted earnings per share of $0.82. As of September 30, 2025, total assets were $8,495 million and total deposits were $7,105 million. Key profitability ratios for the quarter included a Return on Average Total Assets (ROAA) of 1.09%, Return on Average Tangible Stockholders' Equity (ROATCE) of 9.2%, Net Interest Margin (NIM) of 4.07%, and an Efficiency Ratio of 64.2%.

Metric	Q3 2025
Net income ($USD Millions)	$23.174
Diluted earnings per share ($USD)	$0.82
Total Assets ($USD Millions)	$8,495
Total Deposits ($USD Millions)	$7,105
Return on average total assets (%)	1.09%
Return on average tangible stockholders' equity (%)	9.2%
Net interest margin (%)	4.07%
Efficiency ratio (%)	64.2%

FSUN is acquiring First Foundation Inc. (FFWM) in a 100% stock consideration transaction. FFWM common stockholders will receive 0.16083 shares of FSUN for each FFWM share, valued at $6.50 per FFWM share based on FSUN's closing stock price on October 24, 2025. The aggregate deal value is $785 million, and post-merger ownership will be 59.5% FSUN and 40.5% FFWM.
The acquisition includes a $3.4 billion on-balance sheet down-sizing expected to be completed concurrently with closing, aimed at reducing high-cost, rate-sensitive funding and certain assets. The combined company's leadership will include Neal Arnold (FSUN) as CEO and Rob Cafera (FSUN) as CFO, with Mollie Carter (FSUN) as Executive Chairman.
For the full year 2025, FSUN anticipates mid-single-digit growth rates for Loans (EOP) and Deposits (EOP). Net Interest Income is projected for a mid-single-digit growth rate (vs. 2024 of $296.9 million), and Noninterest Income for a high single to low double-digit growth rate (vs. 2024 of $89.8 million).

Oct 28, 2025, 2:00 PM

Presentation

FirstSun Capital Bancorp Announces Acquisition of First Foundation Inc. and Q3 2025 Results

FSUN

Earnings

M&A

FirstSun Capital Bancorp (FSUN) announced the acquisition of First Foundation Inc. (FFWM) in an all-stock transaction valued at $785 million, with FFWM shareholders receiving 0.16083 shares of FSUN for each FFWM share, equivalent to $6.50 per FFWM share as of October 24, 2025.
The acquisition is projected to be 30%+ accretive to GAAP EPS (fully phased-in) but will result in (14)% GAAP TBV dilution with a 3.3-year earnback. The combined entity's leadership will include FSUN's Mollie Carter as Executive Chairman and Neal Arnold as CEO, with FFWM's Tom Shafer becoming Vice Chairman.
For Q3 2025, FSUN reported net income of $23.2 million and diluted earnings per share of $0.82. The company's Net Interest Margin (NIM) was 4.07%, Return on Average Assets (ROAA) was 1.09%, and Return on Average Tangible Common Equity (ROATCE) was 9.2%.

Oct 28, 2025, 2:00 PM

Presentation

FirstSun Capital Bancorp Announces Merger with First Foundation Inc. and Q3 2025 Results

FSUN

M&A

Earnings

Guidance Update

FirstSun Capital Bancorp announced a merger with First Foundation Inc., aiming to accelerate growth in Southern California and Florida and enhance fee income through First Foundation's wealth management platform.
The merger is projected to increase the Net Interest Margin (NIM) from 1.60% to nearly 4% and achieve a combined projected Return on Assets (ROA) of approximately 145 basis points by 2027.
The deal is expected to be approximately 30% accretive in 2027, with a 14% tangible book value (TBV) dilution and a TBV earn back of slightly over three years.
A $3.4 billion balance sheet downsizing is planned to reduce risk, resulting in a projected pro forma CET1 capital level of 10.5%.
For Q3 2025, FirstSun reported a $10 million provision expense and $9 million in net charge-offs, representing 55 basis points, with charge-offs expected to be in the low 40s in basis points for 2025.

Oct 28, 2025, 2:00 PM

Transcript

FirstSun Capital Bancorp and First Foundation Inc. Announce All-Stock Merger

FSUN

M&A

FirstSun Capital Bancorp (FSUN) and First Foundation Inc. (FFWM) have entered into a definitive all-stock merger agreement, with First Foundation merging into FirstSun.
First Foundation stockholders will receive 0.16083 shares of FirstSun common stock for each share of First Foundation common stock, valuing the transaction at an estimated $785 million based on FirstSun's closing price as of October 24, 2025.
The combined company is projected to be a $17 billion bank with 30%+ accretion to FSUN's 2027 estimated EPS, and the merger is anticipated to close in the second quarter 2026.
The merger includes a $3.4 billion planned down-size of non-core assets and is expected to result in pro forma metrics of approximately 1.45% Return on Average Assets (ROAA) and 13.3% Return on Average Tangible Common Equity (ROATCE).