secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001709442-24-000015
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstSun Capital files pro forma financials for HomeStreet merger; bargain purchase gain of $25.6M
--------------------------------------------------------------------------------

- Pro forma combined net income for 2023: $150.5M vs FirstSun standalone $103.5M; HomeStreet had a net loss of $27.5M.
- HomeStreet shareholders receive 0.4345 FSUN shares per HMST share; total consideration $295.3M at $35/FSUN.
- Bargain purchase gain of $25.6M; total merger costs est. $86.8M pre-tax with $14.6M due at closing.
- Pro forma total assets $16.57B; pro forma EPS $3.87 basic, $3.82 diluted.
- Loan fair value mark $432.2M; core deposit intangible $82.8M (10-yr amort); Fannie Mae DUS license $15M indefinite-lived.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000170944224000015/0001709442-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000170944224000015/fcb-20240308.htm
  HTML page:      https://secwatch.observer/filing/0001709442-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer