FIRSTSUN CAPITAL BANCORP

FirstSun Capital Bancorp announced the completion of the sale of approximately $336 million in performing municipal loans. These loans were acquired from First Foundation Bank and their sale was a planned part of FirstSun's acquisition of First Foundation Inc., which closed on April 1, 2026. This transaction marks the completion of FirstSun's balance sheet repositioning strategy, with proceeds intended to pay down high-cost deposits.

FirstSun Capital Bancorp announced that its subsidiary, Sunflower Bank, closed on the sale of approximately $890 million of performing multifamily commercial real estate loans to Brookfield Asset Management affiliates. This sale is a key part of FirstSun's balance sheet repositioning strategy following its acquisition of First Foundation Inc., with proceeds intended to pay down high-cost deposits. The company also held its annual meeting, where stockholders elected seven directors and ratified the appointment of Crowe LLP as its independent auditor.

FirstSun Capital Bancorp completed its previously announced merger with First Foundation Inc. on April 1, 2026, issuing approximately 18.7 million shares valued at $682.8 million. For the first quarter of 2026, the company reported a net income of $21.6 million, a decrease from $23.6 million in the prior year, with basic earnings per share falling to $0.77 from $0.85. Net interest income saw an increase, but this was offset by a significant rise in the provision for credit losses and loan charge-offs.

FirstSun Capital Bancorp reported Q1 2026 net income of $21.6 million, or $0.76 per diluted share, compared to $23.6 million ($0.83 EPS) in Q1 2025. Adjusted net income was $23.7 million, or $0.84 per diluted share. The company achieved robust annualized loan growth of 16.2% and maintained a strong net interest margin of 4.25%. The merger with First Foundation Inc. was completed on April 1, 2026, with $2.7 million in merger-related expenses incurred in Q1, and First Foundation's results are not yet included.