Matthew Clark

Matt Olney

Michael Rose

Woody Lay

Timothy Mitchell

Wood Lay

- FirstSun Capital Bancorp announced a merger with **First Foundation Inc.** following the market close on **October 27, 2025**.  **[0001709442_2210132_0]** 
- 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**.  **[0001709442_2210132_4]** 
- 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.  **[0001709442_2210132_5]** 
- The company anticipates **35% cost savings** from the merger, with roughly **70%** of these savings expected to come from personnel.  **[0001709442_2210132_11]** 
- 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.  **[0001709442_2210132_6]**

FirstSun Capital Bancorp Announces Merger with First Foundation Inc.

- **FirstSun Capital Bancorp is acquiring First Foundation**, with a projected closing date in **early Q2**.  **[0001709442_2210189_5]**  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.  **[0001709442_2210189_3]** **[0001709442_2210189_5]** 
- Pro forma post-closing, the CET1 capital level is projected at a strong **10.5%**, with expectations to reach around **12.7%** by 2027.  **[0001709442_2210189_3]** **[0001709442_2210189_6]** 
- 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.  **[0001709442_2210189_3]** **[0001709442_2210189_10]**

FirstSun Capital Bancorp Announces Acquisition of First Foundation and Repositioning Plan

- FirstSun Capital Bancorp (FSUN) reported **Q3 2025 net income of $23.174 million** and **diluted earnings per share of $0.82**.  **[0001709442_2206480:23]**  As of September 30, 2025, total assets were **$8,495 million** and total deposits were **$7,105 million**.  **[0001709442_2206480:68]**  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%**.  **[0001709442_2206480:68]** 

| Metric | Q3 2025 |
|---|---|
| Net income ($USD Millions) | **$23.174**  **[0001709442_2206480:23]**  |
| Diluted earnings per share ($USD) | **$0.82**  **[0001709442_2206480:23]**  |
| Total Assets ($USD Millions) | **$8,495**  **[0001709442_2206480:68]**  |
| Total Deposits ($USD Millions) | **$7,105**  **[0001709442_2206480:68]**  |
| Return on average total assets (%) | **1.09%**  **[0001709442_2206480:68]**  |
| Return on average tangible stockholders' equity (%) | **9.2%**  **[0001709442_2206480:68]**  |
| Net interest margin (%) | **4.07%**  **[0001709442_2206480:68]**  |
| Efficiency ratio (%) | **64.2%**  **[0001709442_2206480:68]**  |

- FSUN is acquiring First Foundation Inc. (FFWM) in a **100% stock consideration** transaction.  **[0001709442_2206480:43]**  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.  **[0001709442_2206480:43]**  The aggregate deal value is **$785 million**, and post-merger ownership will be **59.5% FSUN** and **40.5% FFWM**.  **[0001709442_2206480:43]** 
- 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.  **[0001709442_2206480:43]** **[0001709442_2206480:50]**  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**.  **[0001709442_2206480:43]** 
- For the full year 2025, FSUN anticipates **mid-single-digit growth rates** for Loans (EOP) and Deposits (EOP).  **[0001709442_2206480:18]**  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).  **[0001709442_2206480:18]**

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

- 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.  **[0001709442_2205740:13]** 
- 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**.  **[0001709442_2205740:30]**  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.  **[0001709442_2205740:13]** 
- For Q3 2025, FSUN reported **net income of $23.2 million** and **diluted earnings per share of $0.82**.  **[0001709442_2205740:43]** **[0001709442_2205740:72]** **[0001709442_2205740:73]**  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%**.  **[0001709442_2205740:43]** **[0001709442_2205740:73]**

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

- 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.  **[0001709442_2208305_0]** **[0001709442_2208305_1]** **[0001709442_2208305_2]** 
- 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**.  **[0001709442_2208305_4]** 
- 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**.  **[0001709442_2208305_4]** 
- A **$3.4 billion balance sheet downsizing** is planned to reduce risk, resulting in a projected pro forma CET1 capital level of **10.5%**.  **[0001709442_2208305_3]** 
- 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**.  **[0001709442_2208305_8]**

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

- **FirstSun Capital Bancorp (FSUN)** and **First Foundation Inc. (FFWM)** have entered into a definitive **all-stock merger agreement**, with First Foundation merging into FirstSun.  **[1709442_0001552781-25-000371_e25387_ex99-2.htm:1]** **[1709442_0001552781-25-000371_e25387_fsun-8k.htm:2]** 
- 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.  **[1709442_0001552781-25-000371_e25387_ex99-2.htm:1]** **[1709442_0001552781-25-000371_e25387_fsun-8k.htm:2]** 
- 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**.  **[1709442_0001552781-25-000371_e25387_ex99-2.htm:1]** **[1709442_0001552781-25-000371_e25387_fsun-8k.htm:2]** **[1709442_0001552781-25-000371_e25387_ex99-2.htm:2]** 
- 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)**.  **[1709442_0001552781-25-000371_e25387_ex99-2.htm:1]** **[1709442_0001552781-25-000371_e25387_ex99-2.htm:2]** **[1709442_0001552781-25-000371_e25387_ex99-1.htm:8]**

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

- **FirstSun Capital Bancorp reported net income of $23.2 million, or $0.82 per diluted share, for the third quarter of 2025**, an increase from $22.4 million ($0.79 per diluted share) in Q3 2024 but a decrease from $26.4 million ($0.93 per diluted share) in the prior quarter.  **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:0]** 
- The company maintained a **net interest margin of 4.07%** for Q3 2025, with a **return on average total assets of 1.09%** and a **return on average stockholders' equity of 8.22%**.  **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:0]** 
- **Loans grew 10.6% annualized** and **deposits grew 0.3% annualized** in Q3 2025, reaching **$6.7 billion** and **$7.1 billion** respectively at September 30, 2025.  **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:0]** **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:1]** **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:3]**  The **provision for credit losses was $10.1 million** for the quarter.  **[1709442_0001709442-25-000080_exhibit991-earningspressre.htm:1]** 
- The **outlook for full-year 2025 includes mid single-digit growth rates for loans and deposits**, and a **mid to high single-digit growth rate for noninterest expense**.  **[1709442_0001709442-25-000080_a3q25earningspresentatio.htm:7]**

FirstSun Capital Bancorp Reports Third Quarter 2025 Results

- FSUN reported **Net Income of $23.2 million** and **Diluted Earnings Per Share of $0.82** for Q3 2025.  **[0001709442_2205680:7]** **[0001709442_2205680:20]** 
- Total revenue for Q3 2025 reached **$107.3 million**, an increase of **1.6% over Q2 2025**, with a **stable Net Interest Margin of 4.07%**.  **[0001709442_2205680:7]** **[0001709442_2205680:10]** 
- The company achieved **10.6% annualized loan growth** and **0.3% annualized deposit growth** for Q3 2025, resulting in a **loan to deposit ratio of 94.0%**.  **[0001709442_2205680:7]** 
- Asset quality in Q3 2025 showed **Nonperforming Loans to Total Loans at 1.04%** and **Net Charge-Offs of $9,053 thousand**.  **[0001709442_2205680:13]** 
- FSUN maintained robust capital with a **Common Equity Tier 1 (CET1) ratio of 13.79%** and a **Total Capital Ratio of 15.81%** as of Q3 2025.  **[0001709442_2205680:15]**

FIRSTSUN CAPITAL BANCORP (FSUN)