Annuncio • Apr 01

+ 18 more updates

FirstSun Capital Bancorp (NasdaqGS:FSUN) completed the acquisition of First Foundation Inc. (NYSE:FFWM).

FirstSun Capital Bancorp (NasdaqGS:FSUN) executed letter of intent to acquire First Foundation Inc. (NYSE:FFWM) on September 18, 2025. FirstSun Capital Bancorp entered into a definitive merger agreement to acquire First Foundation Inc for approximately $550 million on October 27, 2025. The transaction involves the conversion of each outstanding share of First Foundation common stock into 0.16083 shares of FirstSun common stock, with cash paid in lieu of fractional shares. Additionally, First Foundation's Series A Noncumulative Convertible Preferred Stock and Series C Non-Voting Common Equity Equivalent Stock will be converted into FirstSun common stock under similar terms. First Foundation's warrant holders will exercise their warrants early, receiving FirstSun common stock and additional cash consideration totaling $17.5 million. Post-merger, FirstSun stockholders will own 59.5% and First Foundation stockholders will own 40.5% of the combined entity. The merger will result in First Foundation Bank merging into Sunflower Bank, with Sunflower Bank as the surviving entity. In case of termination $31.39 million is payable by First Foundation Inc and $45.089 is payable by FirstSun Capital Bancorp. Mollie Hale Carter, Neal Arnold, and Rob Cafera, will each retain their current roles at the combined company. Following the acquisition, Thomas C. Shafer, former Chief Executive Officer of First Foundation, has joined FirstSun as a director and Executive Vice Chairman. In addition, Sam Edelson, Henchy R. Enden, Benjamin Mackovak and C. Allen Parker—each a former director of First Foundation—were appointed to the FirstSun board. The merger has been unanimously approved by the boards of directors of both FirstSun and First Foundation. The transaction is pending regulatory and stockholder approvals, listing approval, effectiveness of registration statement, anti trust approvals with an expected to close early in the second quarter of 2026. As of February 25, 2026, the transaction has been approved by the Office of the Comptroller of the Currency. As of March 11, 2026, the transaction has been approved by the Board of Governors of the Federal Reserve System. The proceeds from the transaction will be used to enhance the combined company's operations. The merger is expected to be accretive to FirstSun’s earnings. The transaction is expected to result in over 30% accretion to FirstSun’s 2027 estimated EPS. Frank Sorrentino VI, Thad Olchowski and Tyler Klaus of Stephens Inc. acted as financial advisor and fairness opinion provider for FirstSun Capital Bancorp and will receive a fee of $8.25 million for advisory services and $1 million for opinion rendered. John M. Willis and J. Brennan Ryan of Nelson Mullins Riley & Scarborough LLP acted as legal advisor for FirstSun Capital Bancorp. Keefe, Bruyette & Woods, Inc. acted as financial advisor, fairness opinion provider for First Foundation Inc and will receive a fee of 1.15% of aggregate merger consideration, of which $2 million is payable for services rendered. Jefferies LLC acted as financial advisor and fairness opinion provider for First Foundation Inc and will receive a fee of $2 million for opinion rendered. for First Foundation Inc. Mark C. Kanaly and William W. Hooper of Alston & Bird LLP acted as legal advisor for First Foundation Inc. Okapi Partners, LLC acted as proxy solicitor and will receive a fee of $0.0125 million. FirstSun Capital Bancorp (NasdaqGS:FSUN) completed the acquisition of First Foundation Inc. (NYSE:FFWM) on April 1, 2026.

Annuncio • Sep 11

First Foundation Inc. Announces Executive and Board Appointments

On September 3, 2024, Simone Lagomarsino was appointed President of First Foundation Inc. Scott F. Kavanaugh, who continues to serve as the Company's Chief Executive Officer, resigned his position as President concurrent with Ms. Lagomarsino's appointment. Ms. Lagomarsino, age 62, has previously been an executive officer of numerous publicly traded financial institutions, including most recently serving as CEO of Luther Burbank Savings and Luther Burbank Corporation from 2019 through February 2024 and as a director from 2018 through February 2024. Ms. Lagomarsino served as Chair of the board of directors of the Federal Home Loan Bank of San Francisco from 2022 to 2023 and has served as a director since 2013. She served on the board of directors of the Federal Reserve Bank of San Francisco from 2022 to July 2024. Ms. Lagomarsino served as President and CEO of the Western Bankers Association from 2017 to 2018 and as a director of Pacific Premier Bancorp from 2017 to 2018. From 2011 to 2017, she served as CEO of Heritage Oaks Bank and as President and CEO of Heritage Oaks Bancorp. Previous to that, she held executive positions with City National Bank, Hawthorne Savings, Kinecta Federal Credit Union, Ventura County National Bank and Warner Center Bank. Ms. Lagomarsino was named by American Banker as Community Banker of the Year in 2013. She served as a director of Hannon Armstrong Sustainable Infrastructure Capital Inc. from 2019 to 2022. Ms. Lagomarsino holds an M.B.A. in Finance from Claremont Graduate University and a B.A. in Economics from Claremont McKenna College. On September 3, 2024, Sam Edelson, Henchy R. Enden, Simone Lagomarsino, and Benjamin Mackovak, each of whom was appointed to the Bank Board on July 8, 2024, were each appointed to the Company Board, effective immediately. Sam Edelson is expected to serve on the Directors' Risk Committee; Henchy R. Enden is expected to serve on the Audit Committee, the Directors' Risk Committee, the Nominating and Corporate Governance Committee, and the Strategic Planning Committee; Simone Lagomarsino is expected to serve on the Strategic Planning Committee; and Benjamin Mackovak is expected to serve on the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, and the Strategic Planning Committee. Sam Edelson. Mr. Edelson has served as a director of the Bank since July 8, 2024. He is a real estate developer, investor, and Founder and President of Exact Title, a Denver, Colorado based title insurance agency founded in 2021. Mr. Edelson also founded Force7Mgmt in 2020, where he focuses on preserving historically significant buildings while also adding attainably priced multifamily units to the housing stock. Prior to founding Exact Title and Force7Mgmt, Mr. Edelson worked at Cyrus Capital from 2015 to 2019, focusing on credit and structured credit investments. Since 2022, he has served on the executive board of the nonprofit organization One Mainstreet Colorado. Mr. Edelson began his career at Bain Capital Credit (previously called Sankaty Advisors). He graduated from the Wharton School at the University of Pennsylvania, with concentration in finance and real estate. Henchy R. Enden. Ms. Enden has served as a director of the Bank since July 8, 2024. She has served as a managing director at Fortress Investment Group since January 2024. Immediately prior, Ms. Enden was a portfolio manager and equity analyst for MFP Investors LLC, an investment management company based in New York, a position she held since 2004. She previously served as a director of Avidbank Holdings Inc. from August 2022 to January 2024. She also served as a director of Dynasty Financial Partners from November 2021 to January 2024, Atlantic Capital Bancshares Inc. from June 2015 to March 2022, when it was purchased by SouthState Bank, and First Security, a bank purchased by Atlantic Capital, from 2013 until 2015. In addition, Ms. Enden previously served as a director of Bridgeview Bancorp, a bank in Chicago, Illinois, from July 2015 until May 2019, when the bank was acquired by First Midwest Bancorp. Ms. Enden also served as a director of West Coast Bancorp, a bank in Lake Oswego, Oregon, from January 2012 until April 2013, when it was acquired by Columbia Banking System Inc. Ms. Enden holds a B.S. degree from Touro College and an M.B.A. from the Columbia University Graduate School of Business. Benjamin Mackovak. Mr. Mackovak has served as a director of the Bank since July 8, 2024. He is a Co-Founder and Managing Member of Strategic Value Bank Partners, an investment firm specializing in community banks founded in 2015. Prior to Strategic Value Bank Partners, Mr. Mackovak was the Founder and Portfolio Manager of Cavalier Capital, an investment firm based in Cleveland, Ohio, from 2012 to 2015. Mr. Mackovak was the Senior Analyst at Rivanna Capital, an investment firm based in Charlottesville, Virginia from 2006 to 2012. Mr. Mackovak worked at First American Trust as an Associate Portfolio Manager, an investment firm based in Newport Beach, California from 2004 to 2005. Mr. Mackovak began his career at Merrill Lynch. Mr. Mackovak currently serves on the Board of Directors for BankFinancial Corp. since 2024, People's Bank of Commerce since 2021, Community Bank of the Bay since 2018, and Keystone Bank since 2018. Previously, he served on the board of United Security Bancshares, First South Bancorp, Peak Bancorp, Foothills Community Bank, TIG Bancorp and First State Bank of Colorado. In his experience as a bank director, Mr. Mackovak has served on the Compensation Committee, Loan Committee, Corporate Governance Committee, Nominating Committee, ALCO Committee, M&A Committee, and Audit Committee of various community banks. In addition to serving on bank boards, Mr. Mackovak also serves on the Board of Directors for the Great Lakes Science Center. Mr. Mackovak Holds an MBA from the University of Virginia's Darden Graduate School of Business and a Bachelor of Arts from Kent State University, where he graduated magna cum laude. Mr. Edelson was appointed to serve as a director pursuant to an investment agreement with affiliates of Canyon Partners, LLC, dated July 2, 2024 (the Canyon Investment Agreement"). Ms. Enden was appointed to serve as a director pursuant to an investment agreement with an affiliate of Fortress Credit Advisors LLC, dated July 2, 2024. Mr. Mackovak was appointed to serve as a director pursuant to an investment agreement with an affiliate of Strategic Value Bank Partners, LLC, dated July 2, 2024.

Totale depositi	US$9.28b
Rapporto prestiti/depositi	Appropriato
Crediti inesigibili	0.6%
Fondo svalutazione crediti	Sufficiente
Rapporto corrente	Basso
Liquidità ed equivalenti	US$133.66m

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/03/31 21:39
Prezzo dell'azione a fine giornata	2026/03/31 00:00
Utili	2025/12/31
Utili annuali	2025/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
Stephen Moss	B. Riley Securities, Inc.
Gary Tenner	D.A. Davidson & Co.
David Chiaverini	Jefferies LLC

This company has been acquired

First Foundation Salute del bilancio

Criteri Salute finanziaria verificati 6/6

Informazioni chiave

Aggiornamenti recenti sulla salute finanziaria

Recent updates

FFWM: Merger Synergies With FirstSun Will Support Higher Future Earnings Multiple

FirstSun Capital Bancorp (NasdaqGS:FSUN) completed the acquisition of First Foundation Inc. (NYSE:FFWM).

Full year 2025 earnings: EPS and revenues miss analyst expectations

Full year 2025 earnings released

First Foundation Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025

New major risk - Revenue and earnings growth

First Foundation: Limited Progress And Deterioration Justify A Downgrade

First Foundation Inc. to Report Q4, 2025 Results on Jan 29, 2026

Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 13% to US$6.00

First Foundation Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2025

New major risk - Revenue and earnings growth

FirstSun Capital Bancorp and First Foundation Inc. Appoints Tom Shafer as Vice Chairman of the Combined Company

FirstSun Capital Bancorp (NasdaqGS:FSUN) entered into a definitive merger agreement to acquire First Foundation Inc. (NYSE:FFWM) for approximately $540 million.

First Foundation Inc. to Report Q3, 2025 Results on Oct 30, 2025

Critical Growth And Diversification Poised To Skyrocket Future Revenues And Margins

First Foundation Inc. to Report Q2, 2025 Results on Jul 31, 2025

First Foundation Inc.(NYSE:FFWM) dropped from Russell 3000 Growth Index

New major risk - Revenue and earnings growth

First Foundation Inc., Annual General Meeting, May 29, 2025

First Foundation Inc. to Report Q1, 2025 Results on Apr 30, 2025

New major risk - Shareholder dilution

First Foundation Inc. to Report Q4, 2024 Final Results on Jan 30, 2025

First Foundation Inc. and First Foundation Bank Announce Chief Executive Officer Changes

First Foundation Inc. and Its Wholly Owned Subsidiary First Foundation Bank Announces Board Changes

First Foundation Inc. Appoints C. Allen Parker as A Director

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

Consensus EPS estimates fall by 20%

Consensus EPS estimates fall by 18%

First Foundation Inc. to Report Q3, 2024 Results on Oct 29, 2024

Critical Growth And Diversification Poised To Skyrocket Future Revenues And Margins

First Foundation Inc. Announces Executive and Board Appointments

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Foundation Inc. announced that it has received $228 million in funding from Fortress Investment Group LLC, Canyon Partners, LLC, Strategic Value Bank Partners LLC, North Reef Capital LLC

New minor risk - Shareholder dilution

First Foundation Inc. to Report Q2, 2024 Results on Jul 25, 2024

Price target decreased by 19% to US$6.67

First Foundation Inc.(NYSE:FFWM) dropped from Russell 2000 Value-Defensive Index

First Foundation: Taking A More Cautious Approach Due To Deterioration

Price target decreased by 8.3% to US$8.80

First quarter dividend of US$0.01 announced

Revenue Downgrade: Here's What Analysts Forecast For First Foundation Inc. (NYSE:FFWM)

First quarter 2024 earnings released: EPS: US$0.014 (vs US$0.15 in 1Q 2023)

First Foundation Inc., Annual General Meeting, May 28, 2024

First Foundation Inc. to Report Q1, 2024 Results on Apr 25, 2024

Now 23% overvalued

Now 26% overvalued after recent price rise

Executive Chairman recently sold US$204k worth of stock

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

First Foundation: This Bank Is Suffering From The Choices Of 2022

Consensus EPS estimates fall by 12%

Third quarter dividend of US$0.01 announced

First Foundation Inc. Announces Dividend, Payable on February 15, 2024

Price target increased by 13% to US$9.90

Executive Chairman recently sold US$267k worth of stock

Price target decreased by 9.8% to US$8.30

First Foundation Inc. Approves Quarterly Cash Dividend, Payable on November 16, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Now 20% undervalued after recent price drop

First Foundation: A Steep Discount For A Risky Prospect

First Foundation Inc. to Report Q3, 2023 Results on Oct 26, 2023

First Foundation Inc., First Foundation Advisors and First Foundation Bank Appoints James Britton as Executive Vice President, Effective August 14, 2023

Price target increased by 22% to US$9.00

First Foundation Inc. Declares Dividend, Payable on August 17, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 16%

First Foundation Inc. to Report Q2, 2023 Results on Jul 27, 2023

Price target decreased by 10% to US$7.80

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