m_and_a
confidence high
sentiment positive
materiality 0.85
FirstSun and First Foundation to combine in $785M all-stock merger; expected to close Q2 2026
FIRSTSUN CAPITAL BANCORP
- First Foundation stockholders receive 0.16083 FSUN shares per share; FirstSun holders own 59.5% of combined co.
- Estimated transaction value $785M inclusive of $17.5M cash to warrant holders; all-stock structure.
- Pro forma combined assets ~$17B, AUM $6.8B; projected 2027 ROAA ~1.45%, ROATCE ~13.3%.
- EPS accretion of 30%+ to FSUN's 2027 estimated EPS; tangible book value earnback ~3.3 years.
- Balance sheet re-positioning planned: downsize ~$3.4B in non-core assets; combined fee income ~20% of revenue.
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