HomeStreet reports Q4 core EPS (12c), consensus 2c

“On January 16, 2024, FirstSun Capital Bancorp (“FirstSun”), the holding company of Sunflower Bank, and HomeStreet jointly announced that they have entered into a definitive merger agreement whereby HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, with HomeStreet Bank continuing to operate under its tradename in its current markets,” said Mark Mason, Chairman of the Board, President, and Chief Executive Officer. “Under the terms of the agreement, the companies will combine in an all-stock transaction in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock. The common stock of FirstSun is expected to be listed on Nasdaq prior to closing. We are excited about this merger because we believe this merger is strategically compelling, will meaningfully enhance shareholder value, will improve our customers’ experience and create new and better opportunities for our employees enabling us to retain and attract top talent.”