Financial Data and Key Metrics Changes - The company achieved adjusted net income of $26.9 million for the fourth quarter, with adjusted diluted EPS of $0.95 and an adjusted ROA of 1.27% [5] - Revenue growth was up 10.8% annualized over the previous quarter, with a net interest margin of 4.18%, marking a strong performance [5][12] - For the full year, net interest income grew by 7%, and the adjusted efficiency ratio for the fourth quarter was 63.36% [13][15] Business Line Data and Key Metrics Changes - Average loan growth was 8.5% annualized, with new loan fundings totaling approximately $350 million, up 30% from the previous year [9][10] - Non-interest income accounted for 24.3% of total revenue, with service fee revenue totaling $26.7 million, up almost 24% year-over-year [5][14] - Total deposits increased by over $400 million, or approximately 6.5%, with strong growth in money market and non-interest-bearing accounts [11] Market Data and Key Metrics Changes - The company operates in 7 of the 10 fastest-growing MSAs in the Southwest, indicating strong market positioning for future growth [8] - The loan-to-deposit ratio improved slightly to approximately 93.9% by year-end [11] Company Strategy and Development Direction - The company plans to continue investing in growth markets and expanding its portfolio of products and services to support a relationship-based banking model [7] - There is a focus on maintaining a healthy revenue mix and generating operating leverage, with expectations for mid-single digit growth in net interest income for 2026 [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and emphasized the importance of monitoring credit conditions, particularly in the C&I loan portfolio [7][16] - The pending merger with First Foundation is seen as a positive step, with integration planning progressing well [8][39] Other Important Information - The company reported a provision expense of $6.2 million for the fourth quarter, with an ending allowance for credit losses at 1.27% of loans [16][17] - The tangible book value per share improved by $3.89, or roughly 11.5%, over the previous year [17] Q&A Session Summary Question: Insights on deposit pricing strategy and betas - Management noted a favorable decrease in interest-bearing costs by about 21 basis points and acknowledged the competitive environment for deposit pricing [22][23] Question: Commentary on expenses and investments in the West Coast - Management indicated plans to add to the sales force in Texas and Southern California, with infrastructure needs considered in synergy disclosures [24][26] Question: Drivers behind the increase in special mentions - The increase was attributed to macro interest rate pressures, with no pervasive themes identified [27][29] Question: Loan pricing and competition - Credit spreads have remained stable, with no material changes noted in trends across the franchise footprint [36][37] Question: Impact of interest rate cuts on the pending acquisition - Management remains optimistic about the merger's prospects and does not foresee any changes in expectations due to recent rate cuts [38][39] Question: Trajectory of net interest margin - Management expects net interest margin to remain stable, with some tightening in deposit pricing anticipated [44][45] Question: Opportunities in Texas and Southern California - Management highlighted increased opportunities in Texas due to M&A activity and emphasized the robust deposit potential in Southern California [46][49]

Financial Data and Key Metrics Changes - Adjusted net income for Q4 was $26.9 million, with adjusted diluted EPS of $0.95 and adjusted ROA of 1.27% [5] - Revenue growth was up 10.8% annualized over the previous quarter, with a net interest margin of 4.18%, marking the 13th consecutive quarter above 4% [5][12] - Total deposits increased by over $400 million, or approximately 6.5%, for the full year, with a loan-to-deposit ratio of approximately 93.9% [11][12] Business Line Data and Key Metrics Changes - Average loan growth was 8.5% annualized, with new loan fundings totaling approximately $350 million in Q4, up 30% from the previous year [9][10] - Non-interest income accounted for 24.3% of total revenue, with service fee revenue for Q4 totaling $26.7 million, up almost 24% year-over-year [5][14] - Adjusted non-interest expense in Q4 was up approximately $1 million from Q3, with an adjusted efficiency ratio of 63.36% [15] Market Data and Key Metrics Changes - The company operates in 7 of the 10 fastest-growing MSAs in the Southwest, indicating strong growth potential across all markets [8] - The company noted a decline in consumer CD balances, while money market accounts showed growth [11] Company Strategy and Development Direction - The company plans to continue investing in growth markets and expanding its portfolio of products and services to support a relationship-based banking model [7] - The pending merger with First Foundation is expected to enhance integration planning and balance sheet optimization [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and emphasized a focus on driving healthy returns for shareholders despite some credit challenges [7] - The company expects mid-single digit growth in net interest income for 2026, with stable net interest margins [13] Other Important Information - The company reported a provision expense of $6.2 million for Q4, with an ending allowance for credit losses as a percentage of loans at 1.27% [16] - The tangible book value per share improved by $3.89, or roughly 11.5%, over the previous year [17] Q&A Session Summary Question: Insights on deposit costs and pricing strategy - Management noted a decrease in interest-bearing costs by about 21 basis points and acknowledged the competitive environment for deposit pricing [22][23] Question: Commentary on expenses and investments in the West Coast - Management indicated plans to add to the sales force in Texas and Southern California, with infrastructure needs considered in synergy disclosures [24][26] Question: Drivers behind the increase in special mentions - Management attributed the increase to macro interest rate pressures, with no pervasive themes in the increase [27][29] Question: Loan pricing and competition - Management reported that credit spreads have been holding steady, with no material changes in trends [36][37] Question: Impact of interest rate cuts on the pending acquisition - Management remains optimistic about the merger's prospects and does not foresee any changes in expectations due to recent rate cuts [39][40] Question: Trajectory of net interest margin - Management expects net interest margin to remain stable, with some tightening in deposit pricing anticipated [44][45] Question: Opportunities in Texas and Southern California - Management highlighted increased opportunities in Texas due to M&A activity and emphasized the robust deposit opportunity in Southern California [46][49]

Financial Data and Key Metrics Changes - Adjusted net income for Q4 2025 was $26.9 million, with adjusted diluted EPS of $0.95 and adjusted ROA of 1.27% [5] - Revenue growth was up 10.8% annualized over the previous quarter, with a net interest margin of 4.18%, marking a strong performance [5][12] - Total deposits increased by over $400 million, or approximately 6.5%, for the full year, with a loan-to-deposit ratio of approximately 93.9% [11][17] Business Line Data and Key Metrics Changes - Average loan growth was 8.5% annualized, with new loan fundings totaling approximately $350 million in Q4, up 30% from the previous year [9][10] - Non-interest income accounted for 24.3% of total revenue, with service fee revenue totaling $26.7 million, up almost 24% year-over-year [5][14] - Adjusted non-interest expense in Q4 was up approximately $1 million from the previous quarter, with an adjusted efficiency ratio of 63.36% [15] Market Data and Key Metrics Changes - The company operates in 7 of the 10 fastest-growing MSAs in the Southwest, indicating strong growth potential across all markets [7] - The company plans to continue investing in growth markets and expanding its portfolio of products and services [6] Company Strategy and Development Direction - The company emphasizes relationship-based banking and aims to generate operating leverage while maintaining a healthy revenue mix [5][6] - There is a focus on reinvesting in the franchise and adding to the C&I teams in higher growth markets [10][12] - The pending merger with First Foundation is expected to enhance growth opportunities and operational synergies [8][35] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the company's performance and growth potential, despite some credit challenges in specific sectors [6][16] - The company expects mid-single digit growth in net interest income for 2026, with stable net interest margins [13][41] - Management acknowledges competitive pressures in deposit pricing but believes they can maintain margins through relationship management [39][47] Other Important Information - The company reported a provision expense of $6.2 million for Q4, with an allowance for credit losses at 1.27% of loans [16] - The tangible book value per share improved by $3.89, or roughly 11.5%, over the previous year [17] Q&A Session Summary Question: Insights on deposit costs and pricing strategy - Management noted a decrease in interest-bearing costs by about 21 basis points and plans to remain flexible in deposit pricing [19][20] Question: Commentary on loan pricing and competition - Credit spreads have held steady, with no significant changes in trends across markets [33] Question: Impact of interest rate changes on the pending acquisition - Management remains optimistic about the merger's prospects and does not foresee any significant changes in expectations due to recent rate cuts [35][36] Question: Trajectory of net interest margin - Management expects net interest margin to remain stable, with some competitive pressures on deposit pricing [39][41] Question: Opportunities in Texas and Southern California - Management sees increased opportunities in Texas due to M&A activity and plans to continue building teams in both regions [43][49]

FirstSun Capital Bancorp NASDAQ: FSUN 4Q2025 Earnings Presentation January 26, 2026 Disclaimers Forward Looking Statements This presentation contains forward-looking information and statements by FirstSun Capital Bancorp (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are generally identifiable by the use of words such as "believe", "expect", "anticipate", "plan", "project", "intend", "estimate", "may", "will", "would", "could", "should ...

Core Viewpoint - FirstSun Capital Bancorp (FSUN) reported positive earnings performance for Q4 2025, with earnings per share (EPS) exceeding estimates, indicating improved profitability and financial health [2][5]. Financial Performance - FSUN's EPS for Q4 2025 was $0.87, slightly above the estimated $0.86 [2][5]. - The company's net income for Q4 2025 was $24.8 million, up from $16.4 million in Q4 2024, reflecting a significant increase in profitability [2][5]. - Adjusted net income for Q4 2025 was $26.9 million, or $0.95 per diluted share, compared to $24.3 million, or $0.86, in 2024, indicating strong underlying performance [2]. Financial Ratios - The price-to-earnings (P/E) ratio is approximately 11.73, suggesting investors are willing to pay $11.73 for every dollar of earnings [3]. - The price-to-sales ratio is about 1.91, indicating the company's market value relative to its sales [3]. - The enterprise value to sales ratio is approximately 0.87, reflecting the company's total value compared to its sales [3]. Debt and Liquidity - The debt-to-equity ratio is approximately 0.076, indicating a low level of debt compared to equity, which is generally favorable [4]. - The current ratio is around 0.098, suggesting potential liquidity challenges in meeting short-term obligations [4]. - FSUN's earnings yield of about 8.52% represents a solid return on investment for shareholders [4].

Core Insights - FirstSun Capital (FSUN) reported a revenue of $111.36 million for the quarter ended December 2025, reflecting a year-over-year increase of 12.9% [1] - The earnings per share (EPS) for the quarter was $0.95, up from $0.86 in the same quarter last year, indicating an EPS surprise of +11.11% compared to the consensus estimate of $0.86 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $108.2 million, resulting in a revenue surprise of +2.92% [1] Financial Performance Metrics - Net interest margin (on a fully taxable equivalent basis) was reported at 4.2%, slightly above the average estimate of 4.1% from two analysts [4] - Nonperforming assets totaled $72.29 million, lower than the average estimate of $77.76 million [4] - Nonperforming loans were reported at $60.77 million, compared to the average estimate of $64.62 million [4] - Net charge-offs remained at 0.3%, matching the average estimate from two analysts [4] - Average interest-earning assets were $7.92 billion, slightly below the average estimate of $7.94 billion [4] - The efficiency ratio was reported at 65.4%, higher than the estimated 64% [4] - FTE net interest income (non-GAAP) was $84.62 million, exceeding the average estimate of $82.53 million [4] - Total noninterest income was $26.74 million, above the estimated $25.7 million [4] - Net interest income (GAAP) was reported at $83.46 million, surpassing the average estimate of $81.31 million [4] Stock Performance - Over the past month, shares of FirstSun Capital have returned -1.5%, while the Zacks S&P 500 composite has seen a change of +0.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Net income for Q4 2025 was $24.8 million, or $0.88 per diluted share, compared to $16.4 million, or $0.58 per diluted share in Q4 2024[1][21] - Adjusted net income for Q4 2025 was $26.9 million, or $0.95 per diluted share, compared to $24.3 million, or $0.86 per diluted share in Q4 2024[1][3] - Net income for the year ended December 31, 2025, was $97,936,000, compared to $75,628,000 for the year ended December 31, 2024, reflecting a growth of 29.4%[57] - Diluted earnings per share for Q4 2025 was $0.88, compared to $0.58 in Q4 2024, indicating a significant increase of 51.7%[58] - Adjusted net income (non-GAAP) for the year ended December 31, 2025, was $100,505 thousand, compared to $87,744 thousand for the previous year, reflecting a year-over-year increase of 14.4%[72] - Adjusted diluted earnings per share (non-GAAP) rose to $3.56 for the year ended December 31, 2025, compared to $3.13 in 2024, marking an increase of 13.7%[73] Revenue and Income Sources - Total revenue for 2025 was $419.3 million, with net interest income of $317.4 million and noninterest income of $101.9 million[29][30] - Noninterest income for Q4 2025 totaled $26.7 million, representing 24.3% of total revenue[12][13] - Net interest income for Q4 2025 was $83,461,000, an increase from $77,047,000 in Q4 2024, representing a growth of 8.5% year-over-year[55] - Noninterest income for Q4 2025 reached $26,744,000, up from $21,635,000 in Q4 2024, marking a 23.5% increase[58] Asset and Loan Growth - Average loan growth was 8.5% annualized in Q4 2025, with total loans at $6.7 billion[5][17] - Total loans increased to $6.7 billion at December 31, 2025, up by $0.3 billion or 4.7% from $6.4 billion in 2024, driven by growth in C&I loans[34] - Total assets as of December 31, 2025, were $8,485,162,000, an increase from $8,097,387,000 as of December 31, 2024, representing a growth of 4.8%[57] Capital and Equity - Common equity tier 1 risk-based capital ratio was 14.12% as of December 31, 2025, indicating strong capital ratios[19] - Common equity tier 1 risk-based capital ratio stood at 14.12% as of December 31, 2025, with total risk-based capital ratio at 15.73% and tier 1 leverage ratio at 12.75%[36] - Book value per share increased to $41.36 at December 31, 2025, up by $3.78 from the previous year, while tangible book value per share rose to $37.83, an increase of $3.89[36] - Total stockholders' equity (GAAP) increased to $1,153,356 thousand as of December 31, 2025, compared to $1,041,366 thousand a year earlier, reflecting a growth of 10.74%[71] Efficiency and Management - The efficiency ratio for Q4 2025 was 65.37%, compared to 64.22% for the prior quarter[15] - The efficiency ratio for 2025 improved to 64.82% from 68.28% in 2024, while the adjusted efficiency ratio was 64.17% compared to 64.13% in 2024[32] - The efficiency ratio improved to 65.37% in Q4 2025 from 74.66% in Q4 2024, indicating better cost management[55] - Adjusted efficiency ratio (non-GAAP) improved to 63.36% in Q4 2025 from 64.00% in Q3 2025[74] Credit Quality - The provision for credit losses in 2025 was $24.6 million, a decrease of $3.0 million compared to 2024[26] - The company reported a provision for credit losses of $6,200,000 in Q4 2025, down from $10,100,000 in Q3 2025[59] - Nonperforming loans amounted to $60,771 as of December 31, 2025, down from $69,641 on September 30, 2025[70] - The ratio of nonperforming loans to total loans was 0.91% as of December 31, 2025, compared to 1.04% on September 30, 2025[70] Merger and Future Plans - The company is pursuing a merger with First Foundation Inc., with regulatory and stockholder approvals pending[46] - The anticipated benefits of the merger include cost savings and synergies, although there are risks associated with the integration process[46] - A conference call to discuss the fourth quarter and full year 2025 financial results is scheduled for January 27, 2026[41]

Core Insights - Sunflower Bank has launched Sunflower Insurance Solutions Inc., a wholly owned subsidiary aimed at providing insurance and wealth planning strategies for businesses and high-net-worth individuals [1][2] Company Overview - Sunflower Bank, N.A. has $8.5 billion in assets as of September 30, 2025, and operates 71 licensed depository branches across seven states, with mortgage capabilities in 44 states [5] New Service Offering - Sunflower Insurance Solutions will offer specialized programs for both corporate and personal needs, including risk management, liquidity planning, and tax-efficient wealth transfer [1][8] - The subsidiary has entered a strategic partnership with Lion Street, enhancing its capabilities through access to Lion Street's network and resources [2][3] Leadership and Expertise - Catherine Runge has been appointed as the Director of Insurance Strategies for Sunflower Insurance Solutions, bringing over 20 years of expertise to the role [2] - Bob Carter, Founder and CEO of Lion Street, expressed enthusiasm for the collaboration, highlighting the alignment of client-centered strategies between the two organizations [3]

Core Viewpoint - Wall Street analysts expect FirstSun Capital (FSUN) to report quarterly earnings of $0.86 per share, indicating no change from the previous year, with revenues projected at $108.2 million, reflecting a 9.6% increase from the year-ago quarter [1] Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [2] Key Metrics Forecast - Analysts estimate 'Net interest margin (on FTE basis)' at 4.1%, down from 4.2% in the same quarter last year [4] - 'Nonperforming assets' are estimated at $77.76 million, up from $74.19 million year-over-year [4] - The consensus estimate for 'Nonperforming loans' is $64.62 million, down from $69.05 million in the previous year [4] Financial Performance Indicators - 'Average interest earning assets' are projected to reach $7.94 billion, an increase from $7.49 billion in the same quarter last year [5] - The 'Efficiency Ratio' is expected to improve to 63.9%, compared to 74.7% in the same quarter last year [5] - 'FTE net interest income (non-GAAP)' is forecasted at $82.53 million, up from $78.21 million year-over-year [6] - 'Total Noninterest income' is expected to be $25.70 million, compared to $21.64 million in the previous year [6] - 'Net interest income (GAAP)' is projected to reach $81.31 million, an increase from $77.05 million in the same quarter last year [7] Stock Performance - Shares of FirstSun Capital have changed by -0.8% in the past month, compared to a -0.4% change in the Zacks S&P 500 composite [7] - With a Zacks Rank 3 (Hold), FSUN is expected to perform in line with the overall market in the near future [7]

Core Insights - Class Action Attorney Juan Monteverde's firm has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - Kenvue Inc. is under investigation regarding its sale to Kimberly-Clark Corporation, with shareholders set to receive $3.50 in cash plus 0.14625 shares of Kimberly-Clark for each Kenvue share [1] - FirstSun Capital Bancorp is merging with First Foundation Inc., with FirstSun shareholders expected to own 59.5% of the combined entity upon completion [2] - First Foundation shareholders will receive 0.16083 shares of FirstSun common stock for each share of First Foundation [3] - Gulf Island Fabrication, Inc. is being sold to IES Holdings, Inc., with shareholders to receive $12.00 in cash per share [4] Company Transactions - Kenvue Inc. shareholders will receive $3.50 in cash and 0.14625 shares of Kimberly-Clark for each share held [1] - FirstSun Capital Bancorp shareholders will own 59.5% of the merged company with First Foundation Inc. [2] - First Foundation Inc. shareholders will receive 0.16083 shares of FirstSun for each share held [3] - Gulf Island Fabrication, Inc. shareholders will receive $12.00 in cash per share in the transaction with IES Holdings, Inc. [4] Legal Context - Monteverde & Associates PC is a national class action securities firm with a successful track record in recovering funds for shareholders [5] - The firm operates from the Empire State Building and emphasizes the importance of legal representation for shareholders [5][6]