FirstSun to Acquire First Foundation in All-Stock Merger to Form $17 Billion Southwest Bank

New activity is brewing for First Foundation ( (FFWM) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.

On October 27, 2025, FirstSun Capital Bancorp and First Foundation Inc. entered into a definitive merger agreement under which First Foundation will merge into FirstSun in an all‑stock transaction, followed by the merger of First Foundation Bank into FirstSun’s Sunflower Bank, creating a combined Southwest-focused bank with approximately $17 billion in assets. First Foundation stockholders will receive 0.16083 shares of FirstSun common stock for each First Foundation common or equivalent preferred share (with cash in lieu of fractional shares), while all outstanding First Foundation Series C warrant holders will have their warrants automatically exercised on a cashless basis and settled partly in equity and a fixed $17.5 million cash pool before being converted into FirstSun shares; the deal is structured as a tax‑advantaged reorganization and is paired with a post‑closing balance sheet repositioning plan aimed at improving capital, credit quality and liquidity for the enlarged institution, which will continue to trade on Nasdaq under the symbol FSUN.

The most recent analyst rating on (FFWM) stock is a Hold with a $6.00 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.

First Foundation’s overall stock score is primarily impacted by its poor financial performance, with significant challenges in revenue, profitability, and leverage. While technical indicators show some bullish momentum, the valuation remains unattractive due to negative earnings. The recent executive appointments are a positive step but do not significantly offset the financial challenges.

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

More about First Foundation

First Foundation Inc. is a U.S.-based banking and financial services company whose primary operating subsidiary, First Foundation Bank, is a California state‑chartered bank. The group focuses on providing commercial and consumer banking products, loans, and related financial services, and its shares trade on the New York Stock Exchange under the ticker “FFWM.”

Average Trading Volume: 858,698

Technical Sentiment Signal: Hold

Current Market Cap: $511.4M

For detailed information about FFWM stock, go to TipRanks’ Stock Analysis page.