First Foundation Aktie

FirstSun reported adjusted diluted earnings per share of $0.84 for Q1 2026 (expectation $0.87) on revenue of $109.95 million and a higher net interest margin of 4.25%. The merger with First Foundation, completed on April 1, creates a pro-forma company with about $20 billion in assets; management plans extensive realignments of the loan and deposit portfolios and expects cost synergies. Credit growth, diversified fee income and solid capital ratios were highlighted, while risk spreads and short-term integration risks have dampened investor sentiment. For 2026, FirstSun expects an average NIM in the mid-range of 3.80% and an improved cost‑income ratio after full implementation of cost reductions. » Więcej na de.investing.com

First Foundation has completed its merger with FirstSun Capital Bancorp; FirstSun is the surviving company and each First Foundation share was converted into 0.16083 FirstSun common shares (cash settlement for fractional shares). The transaction received all regulatory approvals, First Foundation Bank merged into Sunflower Bank, and all board members resigned; five former directors joined the FirstSun board. Following the merger, First Foundation applied for delisting and deregistration from the NYSE and FirstSun plans to terminate reporting obligations. Analysts expect a return to earnings per share of about $0.31 for 2026 despite recent losses; First Foundation’s market capitalization was roughly $489 million prior to closing. » Więcej na de.investing.com

First Foundation extended Simone Lagomarsino’s contract through December 31, 2027, and entered a new employment agreement with CFO James Britton with a $390,000 annual base salary and severance provisions. All shareholder and regulatory approvals, including from the Federal Reserve and the OCC, are in place for the merger with FirstSun Capital Bancorp; closing is scheduled for April 1, 2026. The companies also adjusted the conversion terms for non-voting shares; analysts expect 2026 earnings per share of $0.14. » Więcej na de.investing.com

FirstSun Capital Bancorp and First Foundation signed an amendment to the merger agreement that redefines conversion rights of non-voting common shares into voting shares. Going forward, a conversion is only permitted if an action by FirstSun reduces the holder’s percentage ownership of voting securities, and the holder’s percentage after conversion may not exceed the prior level. The amendment does not affect the merger consideration, the exchange ratio or other economic terms; FirstSun also reported better-than-expected results for Q4 2025. » Więcej na de.investing.com

First Foundation and FirstSun amended a side agreement to the merger agreement that modifies the conversion rules for non-voting common shares. The previous option to convert below a 4.99% threshold is eliminated; going forward conversion is only permitted if an action by FirstSun reduces the holder’s percentage and the conversion does not increase the holder’s percentage above the level that existed before the action. Other merger terms, including consideration, exchange ratio and voting procedures, remain unchanged. » Więcej na de.investing.com