First Foundation Completes Merger and Delists After FirstSun Deal

First Foundation ( (FFWM) ) has issued an announcement.

Effective April 1, 2026, First Foundation Inc. completed its merger into FirstSun Capital Bancorp, with FirstSun and its subsidiary Sunflower Bank, N.A. surviving, while First Foundation Bank was absorbed and all classes of First Foundation stock were converted into FirstSun equity at a fixed exchange ratio, with related equity awards assumed and warrants exercised and terminated for cash and stock. As part of the transaction, First Foundation’s NYSE listing is being removed and its reporting obligations ended, FirstSun expanded its board to include five former First Foundation directors, and amended its charter on March 31, 2026 to increase authorized common shares and create a new non-voting class to manage ownership limits for large legacy First Foundation holders, solidifying FirstSun’s control of the combined franchise and eliminating First Foundation as a standalone public company.

The most recent analyst rating on (FFWM) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on First Foundation stock, see the FFWM Stock Forecast page.

Spark’s Take on FFWM Stock

According to Spark, TipRanks’ AI Analyst, FFWM is a Neutral.

The score is held down primarily by weak financial performance (multi-year losses, negative operating/free cash flow, and elevated leverage). Technicals are neutral-to-soft and valuation is not supportive due to negative earnings, partly offset by positive merger-related corporate events and approvals that could improve the outlook post-closing.

To see Spark’s full report on FFWM stock, click here.

More about First Foundation

First Foundation Inc. operated as a California-chartered banking institution through First Foundation Bank, providing commercial and consumer banking services, with its common stock previously listed on the New York Stock Exchange. Its merger partner, FirstSun Capital Bancorp, is the parent of Sunflower Bank, N.A., a national banking association that now serves as the surviving bank following the transaction.

Average Trading Volume: 830,285

Technical Sentiment Signal: Sell

Current Market Cap: $489.3M

For an in-depth examination of FFWM stock, go to TipRanks’ Overview page.