FirstBank reports strong year-over-year first-quarter results

LAKEWOOD — FirstBank, Colorado’s second-largest bank with branches throughout the Boulder Valley and Northern Colorado, on Wednesday reported year-over-year increases in assets, deposits, net loan balances and net income for its first quarter that ended March 31.

Compared with the first quarter of 2017, the Lakewood-based bank’s total assets increased by 4.4 percent to $18.09 billion, deposits increased by 3.8 percent to $16.27 billion, net loan balances grew by 5.9 percent to $10.23 billion and net income grew by 32.4 percent to $64.3 million.

During the quarter, FirstBank was named the primary lending partner in the construction of the Mission Ballroom by AEG Presents, a 60,000-square-foot music venue and amphitheater that will be the heart of the 14-acre North Wynkoop development in Denver’s River North Art District.

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FirstBank operates more than 115 locations in Colorado, Arizona and California. It has branches in Boulder, Brighton, Broomfield, Erie, Firestone, Fort Collins, Greeley, Longmont, Louisville, Loveland and Windsor.