HomeStreet to merge with FirstSun in all-stock deal; HMST shareholders get 0.4345 FSUN shares, 37% premium

Mechanics Bancorp

HomeStreet shareholders receive 0.4345 FirstSun shares per HMST share, valued at $14.75 (37% premium to Jan 12 close).
Combined entity with ~$17B assets; pro forma 2025 ROA ~1.4%, ROATCE ~17%, and 30%+ EPS accretion.
$175M equity raise led by Wellington Management ($80M immediate, $95M at closing) to support balance sheet; CET1 >9%.
Merger expected mid-2024, subject to regulatory and shareholder approvals; combined company to list on NASDAQ.
Mark Mason (HomeStreet CEO) becomes Executive Vice Chairman; three HomeStreet directors join combined board.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.