FirstSun sells $336 million municipal loans

FirstSun Capital Bancorp, holding company for Sunflower Bank, completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank to an unaffiliated third party.

Rhea-AI Filing Summary

FirstSun Capital Bancorp, holding company for Sunflower Bank, completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank to an unaffiliated third party. This sale was planned as part of its acquisition of First Foundation Inc., which closed on April 1, 2026.

With this transaction, FirstSun states it has completed the balance sheet repositioning strategy announced with the First Foundation deal. The company intends to use the loan sale proceeds to pay down certain high cost brokered and non-brokered deposits acquired from First Foundation Bank.

Insights

Banking sector analyst

FirstSun completes a planned $336 million loan sale to finish its post-acquisition balance sheet repositioning.

FirstSun Capital Bancorp reports that Sunflower Bank sold approximately $336 million of performing municipal loans acquired from First Foundation Bank. This step was anticipated when FirstSun agreed to acquire First Foundation Inc., and is framed as part of a broader balance sheet repositioning.

Management indicates the proceeds will be used to pay down certain high cost brokered and non-brokered deposits that came with the acquisition. If executed as described, this shifts the balance sheet mix away from higher-cost funding and could support net interest margin, though no specific margin targets are disclosed in the excerpt.

The company also notes that overall loan downsizing and total loan fair value marks, including those tied to this sale, are expected to be in line with prior expectations announced when the First Foundation transaction was planned. Forward-looking statements are subject to risks around economic conditions, interest rates, integration of First Foundation, and purchase accounting adjustments, which the company highlights in its cautionary language.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Municipal loans sold: approximately $336 million Acquisition closing date: April 1, 2026 Balance sheet strategy status: Completed +1 more

4 metrics

Municipal loans sold approximately $336 million Performing municipal loans sold by Sunflower Bank to an unaffiliated third party

Acquisition closing date April 1, 2026 Closing date of FirstSun’s acquisition of First Foundation Inc.

Balance sheet strategy status Completed Balance sheet repositioning strategy announced with First Foundation acquisition

Intended use of proceeds Pay down high cost deposits Brokered and non-brokered deposits acquired from First Foundation Bank

Key Terms

performing municipal loans, balance sheet repositioning, loan fair value marks, forward-looking statements, +1 more

5 terms

performing municipal loans financial

"completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank"

balance sheet repositioning financial

"we have now completed the balance sheet repositioning strategy that we announced as part of our planned acquisition"

loan fair value marks financial

"total loan fair value marks, including marks related to loan downsizing, to be in line with our expectations"

forward-looking statements regulatory

"are hereby identified as, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

emerging growth company regulatory

"405) or 12b-2 of the Exchange Act of 1934 (17 CFR § 240.12b-2). Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did FirstSun Capital Bancorp (FSUN) announce in this 8-K?

FirstSun announced that Sunflower Bank completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank. The loans were sold to an unaffiliated third party as part of a planned balance sheet repositioning tied to the First Foundation acquisition.

How does the $336 million loan sale relate to FirstSun (FSUN)'s First Foundation acquisition?

The municipal loan sale was contemplated and announced as part of FirstSun’s acquisition of First Foundation Inc., which closed on April 1, 2026. FirstSun states that completing this sale means its balance sheet repositioning strategy linked to the acquisition is now complete.

How will FirstSun Capital Bancorp (FSUN) use the proceeds from the loan sale?

FirstSun intends to use the proceeds from the approximately $336 million municipal loan sale to pay down certain high cost brokered and non-brokered deposits that were acquired from First Foundation Bank, aiming to improve its funding mix and reduce interest expense.

What does FirstSun (FSUN) say about loan fair value marks after this transaction?

FirstSun states it expects its overall loan downsizing and total loan fair value marks, including those related to this loan sale, to be in line with expectations disclosed when it announced the planned acquisition of First Foundation, indicating no material deviation from earlier assumptions.

What risks does FirstSun Capital Bancorp (FSUN) highlight regarding its forward-looking statements?

FirstSun cites risks such as changes in economic conditions, market interest rates, volatility in the financial services sector, purchase accounting impacts from the First Foundation acquisition, and potential integration challenges, all of which could cause actual results to differ from its forward-looking statements.

When did FirstSun Capital Bancorp (FSUN) complete its acquisition of First Foundation Inc.?

FirstSun completed its acquisition of First Foundation Inc. on April 1, 2026. The subsequent sale of approximately $336 million of performing municipal loans is described as a planned step within the broader balance sheet repositioning associated with this acquisition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 03:59 PM EDT Learn about SEC filing dates

0001709442FALSE00017094422026-06-252026-06-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): June 25, 2026

FIRSTSUN CAPITAL BANCORP

(Exact name of registrant as specified in its charter)

Delaware			001-42175			81-4552413
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)

1400 16th Street, Suite 250

Denver, Colorado 80202

(Address of principal executive offices and zip code)

(303) 831-6704

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange  on which registered

Voting Common Stock, $0.0001 Par Value

FSUN

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17CFR § 230.405) or 12b-2 of the Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company ☒    

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01     Other Events.

On June 25, 2026, FirstSun Capital Bancorp (“FirstSun,” “we,” “us,” and “our”), the holding company for Sunflower Bank, National Association (the “Bank”), announced that the Bank completed the sale of approximately $336 million of performing municipal loans acquired from First Foundation Bank to an unaffiliated third party. The sale of municipal loans was contemplated and announced as part of our acquisition of First Foundation Inc. (“First Foundation”), which closed on April 1, 2026.

With the completion of the sale of municipal loans, we have now completed the balance sheet repositioning strategy that we announced as part of our planned acquisition of First Foundation. We intend to use the proceeds from the sale of municipal loans to pay down certain high cost brokered and non-brokered deposits acquired from First Foundation Bank. We expect our overall balance sheet repositioning, including loan downsizing, and total loan fair value marks, including marks related to loan downsizing, to be in line with our expectations disclosed at the time we announced our planned acquisition of First Foundation.

Cautionary Note Regarding Forward-Looking Statements

Statements in this Current Report on Form 8-K which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, but are not limited to, statements regarding our expectations with respect to total loan fair value marks, including marks related to loan downsizing, and our intended use of proceeds from the loan sale. Words such as “expect,” “intend,” “believe,” “will,” “may,” “anticipate,” “continue,” “should,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties, and assumptions, include, among others, the following: the possibility that the intended use of proceeds from the loan sale may change as a result of changes in economic conditions, market interest rates, volatility in the financial services sector; the impact of purchase accounting with respect to the acquisition of First Foundation, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine their fair value and credit marks; our integration of the business and operations of First Foundation may take longer or be more costly than anticipated; and other factors, many of which are beyond our control.

We caution readers that the foregoing list of factors is not exclusive, is not necessarily in order of importance and readers should not place undue reliance on any forward-looking statements. Additional information concerning additional factors that could materially affect the forward-looking statements in this Current Report on Form 8-K can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 and other documents subsequently filed by us with the SEC. Further, any forward-looking statement speaks only as of the date on which it is made and we do not intend to and disclaim any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			FIRSTSUN CAPITAL BANCORP
Date: June 25, 2026			By:			/s/ Neal E. Arnold
			Name:			Neal E. Arnold
			Title:			Chief Executive Officer and President

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