FirstBank posts net income of $190.6M for 2016

LAKEWOOD – FirstBank, Colorado’s second-largest bank, reported net income of $190.6 million for 2016, a 7.2 percent increase compared with 2015.

FirstBank operates more than 120 locations in Colorado, Arizona and California. It has branches all along the Front Range, including Boulder, Fort Collins, Greeley, Broomfield, Longmont, Louisville, Loveland and Windsor.

As of Dec. 31, FirstBank’s total assets grew to $17 billion, an increase of 9.6 percent, total deposits increased to $15.4 billion, up 9.7 percent, and net loans totaled $9.5 billion, an increase of 9.3 percent compared to the same period in 2015.

FirstBank also donated more than $4 million to 809 nonprofit…