Firstsun Capital Bancorp · NASDAQ:FSUN
Firstsun Capital Bancorp — Q2 2025 Earnings Presentation
27 slides from Firstsun Capital Bancorp's earnings presentation, Jul 29, 2025
Slide 1: FirstSun Capital Bancorp 2Q2025 Earnings Presentation
FirstSun Capital Bancorp NASDAQ: FSUN 2Q2025 Earnings Presentation July 28, 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 $8.4B 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 $50.0 million $1.77 • Net Income of $50.0 million; Diluted EPS of $1.77 • ROAA of 1.24%; PTPP ROAA of 1.76%1; ROATCE of 10.55%1 ROAA PTPP ROAA1 • Total revenue of $201.8 million, a 6.3% increase 1.24% 1.76% from Q2 2024 ◦ Adjusted
Slide 7: Second Quarter 2025 Results
Second Quarter 2025 Results Net Income Diluted EPS 2025 Q2 Highlights $26.4 million $0.93 • Net Income of $26.4 million; Diluted EPS of $0.93 1 • ROAA of 1.28%; PTPP ROAA1 of 1.82%; ROAA PTPP ROAA ROATCE1 of 10.91% 1.28% 1.82% • Total revenue2 of $105.6 million, a 9.7% increase over Q1 ROATCE1 Net I
Slide 8: Loan Portfolio Trends
Loan Portfolio Trends Portfolio Composition Quarter Highlights Originations, Paydowns & Payoffs 3.2% $500 • Balances up 3% from Q2 2024 8.1% • Balances up 1%, annualized from Q1 $ in millions $400 • Decrease of 3% in line utilization from Q1 • Low overall Regulatory CRE1 to capital level of $300 115
Slide 9: Deposit Trends
Deposit Trends Average Deposit Composition Quarter Highlights ($ in thousands) • Balances up 7% from Q2 2024 • Balances up 13%, annualized from Q1 (average Q2 2025 24.0% 10.5% 44.6% 20.1% $6,945,433 balances up 18%, annualized from Q1) Q1 2025 22.9% 10.3% 43.3% 22.9% $6,643,021 • Continued mix shift
Slide 10: Net Interest Income & Net Interest Margin Trends
Net Interest Income & Net Interest Margin Trends Net Interest Income Quarter Highlights 7.7% ($ in thousands) YoY Growth • NII growth of 7.7% over Q2 2024 $78,499 $77,047 • Stability of NIM - trailing 11 qtrs above 4.00% $76,158 $74,478 $72,899 ◦ Balance sheet composition Outlook Q2 2024 Q3 2024 Q4
Slide 11: Noninterest Income Trends
Noninterest Income Trends Service Fees Composition Quarter Highlights ($ in thousands) • Diversified revenue base ~ 26% service Q2 2025 $13,274 $4,333 $2,728 $2,016 $1,473 $3,249 $27,073 fees to revenue1 Q1 2025 $9,055 $4,194 $2,586 $2,027 $1,421 $2,446 $21,729 • Mortgage banking revenue to revenue
Slide 12: Noninterest Expense Trends
Noninterest Expense Trends Noninterest Expense Composition Quarter Highlights ($ in thousands) • Noninterest expenses increased compared to Q2 2025 $43,921 $9,541 $14,070 $68,110 Q1 primarily in Salaries and Benefits Q1 2025 $39,561 $9,536 $12,997 $62,722 ◦ Higher levels of variable compensation and
Slide 13: Asset Quality Trends
Asset Quality Trends Allowance for Credit Losses Quarter Highlights ($ in thousands) $91,790 • NPL’s trended down 30% $88,221 • Classified loans trended down 8% $83,159 $82,993 $78,960 • Net charge-offs to average loans of 83 bps in Q2, 44 bps YTD 1.38% 1.42% • Loan loss provisioning in Q2: 1.29% 1.
Slide 14: Asset Quality Trends (cont'd)
Asset Quality Trends (cont’d) Provision for Credit Losses & Outlook Net Charge-Offs • Net charge-off ratio in high 30’s to low 40’s in bps; updated 2025 ($ in thousands) $27,550 outlook includes: $20,377 ◦ change in originally estimated workout period for a C&I $18,050 $18,247 loan (now a 2025 event
Slide 15: Capital and Liquidity
Capital and Liquidity Total Capital Ratio Common Equity Tier 1 Capital Ratio Quarter Highlights 15.94% • Wholesale funding reliance of 6% 14.95% 15.25% 15.42% 15.52% 12.80% 13.06% 13.18% 13.26% 13.78% • Cash to total assets of 9% • AOCI & HTM unrealized loss to total equity of 4% • CET 1 of 13.78% O
Slide 16: Consistent Long Term Strategy
Consistent Long Term Strategy 1 2 3 4 5 Key Southwest and Western C&I Focused Commercial High Service Fee to Revenue Core Deposit Franchise Operating Strategy Growth Markets Bank Mix Focused on Organic Loan and Deposit Growth in Targeted Relationship Driven C&I Banking Markets Revenue Diversificatio
Slide 17: 2025 Full Year Outlook
2025 Full Year Outlook Business Driver FY 2025* Notes Loans (EOP) Mid Single Digit Growth Rate Primarily driven by net C&I production Deposits (EOP) Mid Single Digit Growth Rate Loan to Deposit ratio in mid 90’s Investment Securities No Change Maintain strategic focus on liquidity and collateral eli
Slide 18: Appendix
Appendix FirstSun Capital Bancorp | 18
Slide 19: C&I Portfolio
C&I Portfolio C&I Loans by Industry1 ($ in millions) % of Total C&I Loans Finance and Insurance $ 398.0 15% Manufacturing 319.8 12% Healthcare 311.6 12% Information (Technology, Media and Telecommunications) 300.7 11% Real Estate and Rental and Leasing 235.7 9% Construction 201.2 8% Other Services2
Slide 20: Criticized Loans
Criticized Loans 1 Criticized Loans by Risk Grade Criticized Loans by Industry 5.0% $49.1M Construction $324.7M 4.5% $53.4M $12.5M 4.3% $44.8M 4.2% Real Estate and Rental and Leasing $285.2M 4.1% $38.8M $278.8M $53.3M $36.2M $263.4M $263.5M Healthcare $27.6M $50.8M $7.4M $18.7M $66.9M $35.4M Manufac
Slide 21: Granular Deposit Base
Granular Deposit Base ~ 63%1 of Total Deposits by State2 Deposits are $7.1 Billion FDIC-Insured Total Deposits ~ 72%1 of Total as of June 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 $1.2B
Slide 22: Financial Summary
Financial Summary As of and for the three months ended As of and for the six months ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, ($ in thousands, except per share amounts) 2025 2025 2024 2024 2024 2025 2024 Net interest income $ 78,499 $ 74,478 $ 77,047 $ 76,158 $ 7
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of and for the three months ended As of and for the six months ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, ($ in thousands, except per share amounts) 2025 2025 2024 2024 2024 2025 2024 Tangible stockholders’ equity to tangible assets: Tot
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 six months ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, ($ in thousands, except per share amounts) 2025 2025 2024 2024 2024 2025 2024 Tangible book value per share: Total stockho
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 six months ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, ($ in thousands, except per share amounts) 2025 2025 2024 2024 2024 2025 2024 Adjusted pre-tax pre provision return on ave
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 six months ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, ($ in thousands, except per share amounts) 2025 2025 2024 2024 2024 2025 2024 Return on average tangible stockholders’ equ
Slide 27: FirstSun
FirstSun Soak Capital
FirstSun Capital Bancorp — Q2 2025 Earnings Presentation on 6ix