Welcome to our dedicated page for Firstsun Capital news (Ticker: FSUN), a resource for investors and traders seeking the latest updates and insights on Firstsun Capital stock.
FirstSun Capital Bancorp (NASDAQ: FSUN) is a Denver, Colorado-based financial holding company for Sunflower Bank, N.A., a Dallas-headquartered bank that operates as Sunflower Bank and First National 1870. The FSUN news stream on Stock Titan reflects developments across this regional banking platform, including earnings results, strategic transactions, and updates from its multi-state branch network.
Investors following FSUN news will see quarterly and annual earnings announcements detailing net income, net interest margin, loan and deposit trends, noninterest income contributions, and capital ratios. These releases often include management commentary on credit quality, loan growth in categories such as commercial and industrial and real estate, and the mix of fee income from mortgage banking and other services.
News coverage also features corporate and strategic updates such as the announced all-stock merger between FirstSun and First Foundation Inc., including terms of the merger agreement, expected ownership split, and management’s estimates of the combined company’s asset size and business mix. Related items include SEC-reported developments like board representation arrangements with institutional investors such as Castle Creek Capital.
Because FirstSun’s primary operations run through Sunflower Bank, N.A., the FSUN news feed also captures subsidiary-level announcements. These include leadership appointments in key markets like Dallas, Houston, Austin, and San Antonio; partnerships such as Sunflower Bank’s collaboration with VerityPay to enhance B2C digital payments; and community initiatives like the ABC Program for Education and Community Partner Awards.
For users tracking FSUN, this news page offers a consolidated view of financial performance updates, merger progress, capital and governance developments, and operational news from Sunflower Bank and First National 1870. Regularly reviewing this feed can help readers understand how FirstSun’s regional banking franchise and strategic initiatives are evolving over time.
Sunflower Bank, an $8.1 billion financial institution, has appointed Jason Petz as Regional President for Colorado. Petz brings over 20 years of banking experience and will oversee the bank's management and growth in the Colorado region.
Previously, Petz served as U.S. Head of Business Banking Sales at a global bank, managing 14 Market Presidents across 32 states. He will be based at Sunflower Bank's Denver Tech Center in Greenwood Village.
Sunflower Bank operates eleven full-service branches across Colorado, including locations in Denver, Boulder, Broomfield, Golden, Greenwood Village, Longmont, Cañon City, Monte Vista, and Pueblo. The bank provides comprehensive services including commercial banking, treasury management, personal banking, mortgage lending, private banking, and wealth management across Arizona, California, Colorado, Kansas, New Mexico, Texas, and Washington.
Good Good Golf has secured a significant $45 million funding round led by Creator Sports Capital, with participation from Manhattan West, Sunflower Bank, and Peyton Manning's Omaha Productions. The investment will support the company's global expansion across content, retail, and live experiences.
Founded in 2020 by Garrett Clark and Matt Kendrick, Good Good Golf has grown into a major golf media and lifestyle brand with over 1.75 million YouTube subscribers. The company has established partnerships with Dick's Sporting Goods and Callaway, developing premium golf gear and maintaining a successful direct-to-consumer business.
The brand collaborates with NBC Sports and GOLF Channel on live-televised tournaments like the Good Good Desert Knockout. Good Good Golf also holds an ownership stake in L.A. Golf Club and maintains professional golfer sponsorships, demonstrating its growing influence in the sport.
Sunflower Bank has appointed Bo Scott as Executive Vice President and Chief Banking Officer at its Dallas headquarters. Scott will oversee the strategy, management, and growth of middle market efforts across all regional markets. The $8.1 billion bank operates in Texas, Arizona, California, Colorado, Kansas, New Mexico, and Washington, offering specialty commercial services and mortgage lending in 43 states.
Scott brings over 25 years of banking experience, previously serving as President and Chief Banking Officer at a Denver-based organization. He is a U.S. Army veteran with service in Haiti and Bosnia. In his new role, he will collaborate with regional business leaders and Brian Walsh, Chief Lending Officer, to expand commercial business in Southwestern and Western markets.
The bank's regional structure provides clients access to specialized services including treasury management, asset-based lending, public finance, industry-specific financing, private banking, wealth management, and mortgage lending.
FirstSun Capital Bancorp (NASDAQ: FSUN) reported Q4 2024 net income of $16.4 million ($0.58 per diluted share), compared to $24.0 million in Q4 2023. Adjusted net income was $24.3 million ($0.86 per diluted share).
Key Q4 2024 metrics include:
- Net interest margin of 4.11%
- Return on average total assets of 0.81% (adjusted 1.21%)
- Return on average stockholders' equity of 6.25% (adjusted 9.30%)
- Average deposit growth of 3.0% annualized
- Noninterest income at 21.9% of total revenue
Full Year 2024 highlights include net income of $75.6 million ($2.69 per diluted share), net interest margin of 4.06%, loan growth of 1.7%, and average deposit growth of 5.8%. The bank maintains strong capital ratios with common equity tier 1 at 13.18% and total risk-based capital at 15.42%.
FirstSun Capital Bancorp and HomeStreet, Inc. announced that regulatory approvals necessary for their planned merger have not been obtained, with regulators requesting FirstSun and Sunflower Bank to withdraw their merger applications. The companies are now discussing alternative regulatory structures for the merger, while also considering terms for potential termination if no alternative is feasible. HomeStreet confirmed no specific regulatory concerns were related to their operations. FirstSun cited a more challenging external environment for bank mergers as a contributing factor, particularly following industry events earlier this year.
FirstSun Capital Bancorp reported Q3 2024 net income of $22.4 million ($0.79 per diluted share), compared to $25.2 million ($1.00 per share) in Q3 2023. The quarter saw a net interest margin of 4.10%, loan growth of 6.7% annualized, and deposit growth of 1.8% annualized. The results were impacted by $1.2 million in merger costs. Key metrics include return on average total assets of 1.13% and return on average stockholders' equity of 8.79%. Net interest income increased by $3.3 million to $76.2 million, while noninterest income decreased by $1.2 million to $22.1 million.
FirstSun Capital Bancorp (NASDAQ: FSUN) reported strong Q2 2024 results with net income of $24.6 million, or $0.88 per diluted share. Key highlights include:
- Net interest margin of 4.02%
- Return on average total assets of 1.26%
- Return on average stockholders' equity of 10.03%
- Loan growth of 3.3% annualized
- Deposit growth of 10.8% annualized
- Noninterest income to total revenue at 24.2%
The company maintained a strong capital position with a common equity tier 1 risk-based capital ratio of 12.80%. FirstSun successfully uplisted to Nasdaq on July 12, 2024, which is expected to provide better access to capital markets.
FirstSun Capital Bancorp, the holding company for Sunflower Bank, has announced its approval to list its common stock on the Nasdaq Global Select Market. Trading is set to commence on July 12, 2024, under the ticker symbol FSUN. Previously, the company's shares were traded on the OTCQX. Shareholders do not need to take any action due to this uplisting. CEO Neal Arnold highlighted this move as a significant milestone, emphasizing the enhanced transparency and broader investor base that Nasdaq offers.
FirstSun Capital Bancorp and HomeStreet, Inc. have amended their merger agreement, increasing the total equity capital raised by $45 million to $60 million. The revised exchange ratio provides HomeStreet shareholders with 0.3867 shares of FirstSun common stock for each share of HomeStreet common stock. The ongoing banking operations will transition to a Texas state charter, with Sunflower Bank converting to a Texas state chartered bank. FirstSun will issue $48.5 million of subordinated debt, while HomeStreet will dispose of approximately $300 million of certain Commercial Real Estate loans. The merger is subject to approval from the Federal Reserve Board and the Texas Department of Banking.
FirstSun Capital Bancorp reported a net income of $12.3 million for the first quarter of 2024, compared to $26.3 million in the first quarter of 2023. Earnings per diluted share were $0.45 for Q1 2024, impacted by merger costs and a loan charge-off. Loan and deposit growth, strong net interest margin, and diversified business mix were highlighted. Noninterest income and expense increased, while the provision for credit losses rose significantly. Capital ratios remained strong, and the company announced a new C&I banking team in Southern California.