Paul A. Larkins
Mr. Larkins resigned as a director of the Company effective June 9, 2025.
Highest-materiality recent filing
FirstSun Capital warns Q2 charge-offs $42-43M; fraud-related $22M loss on $23.6M loan
Expects $22.0M charge-off on $23.6M asset-based loan to materials distributor due to borrower fraud; minimal recovery anticipated.
FirstSun subsidiary closes $890M multifamily loan sale to Brookfield
Sale of ~$890M performing multifamily CRE loans to Brookfield Asset Management entities closed June 4, 2026.
First Foundation 2025 net loss of $155.2M (diluted EPS -$1.88); revenue (NII) $187.4M.
FirstSun Q1 net income $21.6M, adj. EPS $0.84; NIM 4.25%, loan growth 16.2% annualized
Net income of $21.6M, diluted EPS $0.76; adjusted net income $23.7M, diluted EPS $0.84.
FirstSun closes acquisition of First Foundation; exchange ratio 0.16083
Merger effective April 1, 2026; First Foundation common stock converted at 0.16083x FirstSun shares.
Federal Reserve approval received; OCC and stockholder approvals previously obtained.
FirstSun shareholders approve merger with First Foundation; vote passes overwhelmingly
Shareholders approved merger with First Foundation Inc. at Feb 27 special meeting: 24,390,817 for, 21,071 against, 98,685 abstain.
FirstSun & First Foundation receive OCC approval for bank merger; closing expected early Q2 2026
OCC approved merger of Sunflower Bank, N.A. and First Foundation Bank; Sunflower Bank to be surviving bank.
FirstSun Q4 2025 net income $24.8M ($0.88/diluted); director Merdian to resign upon merger close
Q4 2025 net income of $24.8M, $0.88 per diluted share; adjusted net income $26.9M ($0.95/diluted).
Castle Creek Capital acquires $40M stake in FirstSun, secures board seat; director to resign
Castle Creek affiliates acquired $40M of common stock from legacy stockholders, now owns ~4% of FirstSun.
FirstSun to acquire First Foundation in all-stock merger; First Foundation holders to own ~40.5%
Exchange ratio: 0.16083 FirstSun shares per First Foundation share.
FirstSun and First Foundation to combine in $785M all-stock merger; expected to close Q2 2026
First Foundation stockholders receive 0.16083 FSUN shares per share; FirstSun holders own 59.5% of combined co.
FirstSun Q3 net income $23.2M ($0.82 EPS); credit costs rise on C&I relationship
Net income $23.2M ($0.82 diluted EPS) vs $22.4M ($0.79) in Q3 2024; NIM stable at 4.07%.
FirstSun Q2 net income $26.4M ($0.93 EPS); deposit growth 13.2% annualized, credit costs rise
Net income $26.4M ($0.93 diluted EPS) vs $24.6M ($0.88) in Q2 2024; adjusted EPS $0.90.
FirstSun Q1 net income $23.6M ($0.83/diluted), up from $12.3M YoY; NIM 4.07%
Net income $23.6M, EPS $0.83 diluted vs $12.3M, $0.45 YoY; adjusted EPS $0.53 in Q1 2024.
FirstSun and HomeStreet mutually terminate merger agreement effective Nov 18, 2024
Mutual termination of Merger Agreement dated Jan 16, 2024 (as amended Apr 30, 2024) effective Nov 18, 2024.
FirstSun and HomeStreet merger stalled; regulators asked to withdraw applications
Fed and Texas Dept. of Banking have not approved merger; FirstSun/Sunflower asked to withdraw applications.
FirstSun Capital Bancorp Q3 net income $22.4M, diluted EPS $0.79, adjusted EPS $0.84
Net income of $22.4 million, diluted EPS of $0.79 per share.
FirstSun Capital Bancorp reports Q2 2024 net income of $24.6M, $0.88 diluted EPS
Net income of $24.6 million, $0.88 per diluted share for Q2 2024.
Additional $15M investment from Castle Creek, Maltese Capital, Philadelphia Financial at $32.50/share.
Capital raise increased from $175M to up to $235M; Wellington leads additional $45M to $60M equity investment.
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.
FirstSun Capital Bancorp and HomeStreet announce strategic merger
FirstSun Capital Bancorp and HomeStreet, Inc. will present a transformational strategic merger at investor meetings in Q1 2024.
Q4 net income $24.0M ($0.94 diluted EPS) vs $24.6M ($0.96) in Q4 2022; FY2023 net income $103.5M ($4.08) vs $59.2M ($2.48) in FY2022.
Each HomeStreet share converts to 0.4345 FirstSun shares; merger expected mid-2024 subject to approvals.
HomeStreet shareholders get 0.4345 FSUN shares per HMST share, valued at $14.75, a 37% premium to Jan 12 close.
FirstSun reports Q3 net income $25.2M ($1.00/diluted); deposits grow 24% annualized
Net income of $25.2M ($1.00 diluted EPS) vs $28.0M ($1.11) prior quarter and $26.5M ($1.04) a year ago.
FirstSun Q2 net income $28M ($1.11 EPS); record earnings driven by NIM 4.24% and loan growth
Net income $28.0M vs $0.4M in Q2 2022; diluted EPS $1.11 vs $0.02; prior quarter EPS was $1.03.
FirstSun Capital Bancorp subsidiary Sunflower Bank reports MOVEit data breach; PII likely accessed
Progress Software notified Sunflower Bank of zero-day vulnerability in MOVEit software on May 31, 2023.
FirstSun Q1 net income $26.3M ($1.03 EPS), up from $7.7M ($0.41) a year ago
Net interest margin of 4.39%; loan growth of 10.1% annualized to $6.1B.
FirstSun Capital Bancorp Q4 2022 net income $24.6M ($0.96 EPS); NIM expands to 4.45%
Net income of $24.6M ($0.96 diluted EPS) in Q4 2022, up from $8.8M ($0.47) in Q4 2021.
FirstSun Q3 net income $26.5M ($1.04 EPS); net interest margin 4.26%
Net income of $26.5M ($1.04 diluted EPS) vs $8.7M ($0.46) in Q3 2021.
FirstSun Q2 net income $0.4M ($0.02/diluted); adjusted $17.2M ($0.68); completes Pioneer merger
Net income of $0.4M, $0.02 per diluted share; adjusted net income (excl. merger costs) $17.2M, $0.68 per diluted share.
FirstSun Capital Bancorp completes acquisition of Pioneer Bancshares; audited financials filed
Pioneer Bancshares had total assets of $1.58B, loans of $883M, and deposits of $1.24B at Dec 31, 2021.
Mr. Larkins resigned as a director of the Company effective June 9, 2025.
Chief Financial Officer, Rob Cafera will continue in his current role with expanded responsibilities for the Residential Mortgage and Treasury Management lines of business.
Chief Administrative Officer, Laura Frazier will continue in her current role with the addition of focused responsibilities for the development, planning and directing of our customer experiences, our culture and people strategies of the entire organization.
Chief Credit Officer, Jennifer Norris will continue in her current role with added oversight of the Banking Operations and Enterprise Risk Management groups.
JLL selected Kevin Hammond to serve as its Board designee, as a Class II director, for a term expiring at FirstSun’s annual meeting of stockholders in 2022.
FirstSun and Pioneer mutually selected Isabella Cunningham to serve on the Board, as a Class I director, for a term expiring at FirstSun’s annual meeting of stockholders in 2024.
the Board appointed Beverly O. Elving to fill the vacancy in Class I of the Board.
Max materiality 1.00 · Median 0.65 · Most common event earnings