Firstsun Capital Bancorp · NASDAQ:FSUN
Firstsun Capital Bancorp — Q3 2025 Earnings Presentation
27 slides from Firstsun Capital Bancorp's earnings presentation, Oct 27, 2025
Slide 1: FirstSun Capital Bancorp 3Q2025 Earnings Presentation
FirstSun Capital Bancorp NASDAQ: FSUN 3Q2025 Earnings Presentation October 27, 2025
Slide 2: Disclaimers
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 wo
Slide 3: Corporate Profile
Corporate Profile Operating in 5 of the Top 10 With a Presence in 7 of the 10 Largest Franchise Footprint4 Fastest Growing MSAs1 MSAs in the Southwest & Western US2 # # 1 Austin, TX 1 Southern CA (ex. San Diego & Ontario, CA)3 2 Dallas, TX 2 Dallas, TX $8.5B 3 Orlando, FL 3 Houston, TX Total Assets
Slide 4: Unique High Growth Franchise
Unique High Growth Franchise Universe Strong Fee Lending Attractive Size Income Focus Growth Footprint3 ~ 40 Banks 1 Bank Attractive core Banks West of the deposit funded Mississippi River With scale in markets franchise with MRQ Fee proven ability to Specialized Loan Growth2 with leading projected
Slide 5: Investment Thesis — Focused Strategy
Investment Thesis — Focused Strategy C&I business focus with a Southwest & Western Vertical lending expertise disciplined and careful CRE geography with a mix of metro provides true alternative to exposure to core customers in and community markets larger banks our geography Financial service income
Slide 6: Year-to-Date 2025 Results
Year-to-Date 2025 Results Net Income Diluted EPS 2025 YTD Highlights $73.1 million $2.59 • Net Income of $73.1 million; Diluted EPS of $2.59 • ROAA of 1.19%; PTPP ROAA of 1.78%1; ROATCE of 10.08%1 ROAA PTPP ROAA1 • Total revenue of $309.1 million, a 7.3% increase 1.19% 1.78% from YTD Q3 2024 ◦ Adjus
Slide 7: Third Quarter 2025 Results
Third Quarter 2025 Results Net Income Diluted EPS 2025 Q3 Highlights $23.2 million $0.82 • Net Income of $23.2 million; Diluted EPS of $0.82 • ROAA of 1.09%; PTPP ROAA1 of 1.81%; ROAA PTPP ROAA1 ROATCE1 of 9.20% 1.09% 1.81% • Total revenue2 of $107.3 million, a 1.6% increase over Q2 ROATCE1 Net Inte
Slide 8: Loan Portfolio Trends
Loan Portfolio Trends Portfolio Composition Quarter Highlights Originations, Paydowns & Payoffs 1.4% • Balances up 4% from Q3 2024 $600 7.7% • Balances up 11%, annualized from Q2 $ in millions $500 • No change in line utilization from Q2 $400 • Low overall Regulatory CRE1 to capital level of 115% 18
Slide 9: Deposit Trends
Deposit Trends Average Deposit Composition Quarter Highlights ($ in thousands) • Balances up 7% from Q3 2024 • Average balances up 8%, annualized from Q2 Q3 2025 23.6% 11.4% 45.4% 19.0% $7,080,213 Q2 2025 24.0% 10.5% 44.6% 20.1% $6,945,433 • Continued mix shift Q1 2025 22.9% 10.3% 43.3% 22.9% $6,643
Slide 10: Net Interest Income & Net Interest Margin Trends
Net Interest Income & Net Interest Margin Trends Net Interest Income .3% Quarter Highlights YoY Growth 6 ($ in thousands) $80,953 • NII growth of 6.3% over Q3 2024 $78,499 $77,047 • Stability of NIM - trailing 12 qtrs above 4.00% $76,158 $74,478 ◦ Balance sheet composition Outlook • Two Fed rate cut
Slide 11: Noninterest Income Trends
Noninterest Income Trends Service Fees Composition Quarter Highlights ($ in thousands) • Treasury management revenue to Q3 2025 $12,641 $4,402 $2,671 $2,162 $1,536 $2,921 $26,333 revenue ~ 4% Q2 2025 $13,274 $4,333 $2,728 $2,016 $1,473 $3,249 $27,073 Outlook Q1 2025 $9,055 $4,194 $2,586 $2,027 $1,42
Slide 12: Noninterest Expense Trends
Noninterest Expense Trends Noninterest Expense Composition Quarter Highlights ($ in thousands) • Noninterest expenses increased compared to Q3 2025 $44,822 $9,591 $13,910 $68,901 Q2 primarily in Salaries and Benefits Q2 2025 $43,921 $9,541 $14,070 $68,110 ◦ Increased headcount of C&I bankers and sup
Slide 13: Asset Quality Trends
Asset Quality Trends Allowance for Credit Losses Quarter Highlights ($ in thousands) $91,790 • Classified loans trended down 5% $88,221 $83,159 $82,993 $84,040 • Loan loss provisioning in Q3: 1.38% 1.42% 1.29% 1.28% 1.26% ◦ Deterioration in a C&I customer relationship ◦ Impacts from net changes in l
Slide 14: Asset Quality Trends (cont'd)
Asset Quality Trends (cont’d) Provision for Credit Losses & Outlook Net Charge-Offs • Net charge-off ratio in low 40’s in bps ($ in thousands) $27,550 $23,231 • ACL in mid 120’s in bps $18,050 $18,247 $20,377 $18,400 $7,810 $3,000 $3,219 $(320) 2021 2022 2023 2024 2025 YTD Provision for credit losse
Slide 15: Capital and Liquidity
Capital and Liquidity Total Capital Ratio Common Equity Tier 1 Capital Ratio Quarter Highlights 15.94% 15.81% • Wholesale funding reliance of 6% 15.25% 15.42% 15.52% 13.06% 13.18% 13.26% 13.78% 13.79% • Cash to total assets of 8% • AOCI & HTM unrealized loss to total equity of 3% • CET 1 of 13.79% O
Slide 16: Consistent Long Term Strategy
Consistent Long Term Strategy 1 2 3 4 5 Key Southwest and Western C&I Focused Commercial High Service Fee to Revenue Core Deposit Franchise Operating Strategy Growth Markets Bank Mix Focused on Organic Loan and Deposit Growth in Targeted Relationship Driven C&I Banking Markets Revenue Diversificatio
Slide 17: 2025 Full Year Outlook
2025 Full Year Outlook Business Driver FY 2025* Notes Loans (EOP) Mid Single Digit Growth Rate Primarily driven by net C&I production Deposits (EOP) Mid Single Digit Growth Rate Loan to Deposit ratio in mid 90’s Investment Securities No Change Maintain strategic focus on liquidity and collateral eli
Slide 18: Appendix
Appendix FirstSun Capital Bancorp | 18
Slide 19: C&I Portfolio by Industry
C&I Portfolio by Industry Change Average % of Total C&I Loans Industry1 ($ in millions) Balance from Q2 2025 Loan Size Finance and Insurance $477.0 2.8% $4.1 16% Information (Technology, Media and Telecommunications) 387.9 11.7% 5.2 13% Healthcare 320.6 2.9% 0.6 11% Manufacturing 302.2 (5.5)% 2.1 10
Slide 20: Criticized Loans
Criticized Loans 1 Criticized Loans by Risk Grade Criticized Loans by Industry 5.0% ($ in millions) ($ in millions) $57.9 4.5% Construction $324.7 4.4% $53.4 4.3% $12.5 4.1% $24.9 $291.7 Real Estate and Rental and Leasing $285.2 $38.8 $278.8 $9.7 $53.3 $35.9 $263.5 Healthcare $27.6 $50.8 $66.9 $18.7
Slide 21: Granular Deposit Base
Granular Deposit Base ~ 64%1 of Total Deposits by State2 Deposits are $7.1 Billion FDIC-Insured Total Deposits ~ 72%1 of Total as of September 30, 2025 Deposits are $0.8B FDIC-Insured + Colorado $1.6B Collateralized 11 branches Kansas 23 branches $0.2B Customer Base Granular Deposit Base California
Slide 22: Financial Summary
Financial Summary As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2025 2025 2025 2024 2024 2025 2024 Net interest income $ 80,953 $ 78,499 $ 74,
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2025 2025 2025 2024 2024 2025 2024 Tangible stockholders’ equity to tang
Slide 24: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2025 2025 2025 2024 2024 2025 2024 Tangible book value per shar
Slide 25: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2025 2025 2025 2024 2024 2025 2024 Adjusted pre-tax pre provisi
Slide 26: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2025 2025 2025 2024 2024 2025 2024 Return on average tangible s
Slide 27: FirstSun
FirstSun Soak Capital
FirstSun Capital Bancorp — Q3 2025 Earnings Presentation on 6ix