Firstsun Capital Bancorp · NASDAQ:FSUN
Firstsun Capital Bancorp — Q2 2026 Earnings Presentation
36 slides from Firstsun Capital Bancorp's earnings presentation, Jul 28, 2026
Slide 1: FirstSun Capital Bancorp 2Q2026 Earnings Presentation
FirstSun Capital Bancorp NASDAQ: FSUN 2Q2026 Earnings Presentation July 27, 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking information and statements by FirstSun Capital Bancorp (“FirstSun” or the “Company”) within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by
Slide 3: Disclaimers (cont’d)
Disclaimers (cont’d) Use of Non-GAAP Measures This presentation includes certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures include certain operating performance m
Slide 4: Corporate Profile
Corporate Profile1 Operating in six of the Top 10 With a Presence in seven of the 10 Largest Franchise Footprint Fastest Growing MSAs2 MSAs in the Southwest & Western US3 # # 1 Austin, TX 1 Southern CA4 2 Dallas, TX 2 Dallas, TX $15.7B 3 Orlando, FL 3 Houston, TX Total Assets 4 Charlotte, NC 4 Phoen
Slide 5: Investment Thesis — Focused Strategy
Investment Thesis — Focused Strategy Mix of community and high C&I business focus with a Vertical lending expertise growth metro markets with disciplined and careful CRE provides true alternative to emphasis on Southwest and exposure to core customers in larger banks Western US our geography Consist
Slide 6: Unique High Growth Franchise
Unique High Growth Franchise Universe Strong Service Lending Attractive Size Fee Revenue Focus Growth Footprint3 ~ 50 Banks 1 Bank Attractive core deposit funded Banks with franchise with MRQ Service Fee With scale in six of the proven ability to Total Assets Specialized Loan Growth2 Revenue / Rev.
Slide 7: Second Quarter 2026 Results
Second Quarter 2026 Results Net Income Diluted EPS 2026 Q2 Highlights $(22.9) million $21.0 million $(0.49) $0.45 • Completed merger with First Foundation, Inc. on April 1, 2026, acquiring $6.0B of loans, net, $11.2B of total Reported Adjusted1 Reported Adjusted1 assets, and $8.8B of total deposits,
Slide 8: Year-to-Date 2026 Results
Year-to-Date 2026 Results Net Income Diluted EPS 2026 YTD Highlights $(1.3) million $44.7 million $(0.03) $1.20 • Total revenue3 of $294.1 million, a 45.8% Reported Adjusted1 Reported Adjusted1 increase over YTD Q2 2025 • NIM of 3.80%, down 27 basis points from YTD ROAA PTPP ROAA1 Q2 2025 (0.02)% 0.
Slide 9: Repositioning Success
Repositioning Success Liabilities / Funding Paid Down Earning Assets Liquidated / Downsized FHLB Borrowings ü Shared National Credits ü Brokered Deposits ü Multifamily / NOO CRE Loans ü Higher-Rate / Long-Term Public Finance Loans Non-Relationship Deposits ü Securities and excess Cash ü $5.0 Billion
Slide 10: First Foundation Acquisition - Combined Company Overview
First Foundation Acquisition - Combined Company Overview Estimated at Merger At Goals Highlights2 Announcement1 June 30, 2026 Achieved • Strategically attractive acquisition Balance Sheet and Capital ◦ Increased scale, highly attractive So Cal geography, meaningful cost saves, strong ü noninterest r
Slide 11: Increased Franchise Scale
Increased Franchise Scale Assets Loans Deposits AUM / AUA ($ in millions) ($ in millions) ($ in millions) ($ in millions) $10,000 $20,000 $15,000 $15,000 $13,418 $7,922 $15,718 $11,568 $10,000 $10,000 $8,565 $6,940 $7,088 $5,000 $10,000 $5,000 $5,000 $1,485 $— $— $— $— Q1 2026 Q2 2026 Q1 2026 Q2 202
Slide 12: Purchase Accounting and Repositioning Update
Purchase Accounting and Repositioning Update Purchase Accounting Snapshot Balance Sheet Repositioning2 Estimated at Merger At Completed ($ in millions) Announcement Closing1 by FFWM Targeted at through Completed (A) Consideration to First Foundation (FFWM) $ 785 $ 704 Merger March 31, in ($ in milli
Slide 13: Loan Portfolio Trends
Loan Portfolio Trends Portfolio Composition Originations, Paydowns & Payoffs1 Strategy and Q2 Highlights 1.3% • Strategic emphasis on C&I lending $600 8.3% • Seek to maintain variable vs fixed portfolio mix. $ in millions $500 At June 30, 2026: $400 ◦ ~ 70% variable (~ 58% repricing w/in 1 30.9% $30
Slide 14: Deposit Trends
Deposit Trends Average Deposit Composition Strategy and Q2 Highlights ($ in millions) • Strategic emphasis on high quality diverse relationship-based core deposits to drive organic Q2 2026 18.1% 19.9% 16.8% 23.6% 8.3% 13.3% $14,474 balance sheet growth Q1 2026 23.1% 21.7% 5.4% 32.6% 12.2% 5.0%$7,030
Slide 15: Net Interest Income & Net Interest Margin Trends
Net Interest Income & Net Interest Margin Trends Net Interest Income Strategy and Q2 Highlights ($ in thousands) • Investment securities yield improved from prior quarter by $143,195 $150,000 150 bps to 4.80% $83,461 $82,779 • Weighted average coupon on loans sold in Q2 2026 $78,499 $80,953 downsizi
Slide 16: Market Risk - NII and EVE Sensitivity
Market Risk - NII and EVE Sensitivity1 Net Interest Income Economic Value of Equity 5.0% 5.0% 2.5% 2.5% —% —% (2.5)% (2.5)% (5.0)% (5.0)% (7.5)% (7.5)% DN 200 DN 100 Base UP 100 UP 200 DN 200 DN 100 Base UP 100 UP 200 Change in Interest Rates (basis points) Change in Interest Rates (basis points) %
Slide 17: Noninterest Income Trends
Noninterest Income Trends Noninterest Income Mix 1 Strategy and Q2 Highlights Other Deposit Account Service Fees 13% 6% • Strategic emphasis on diversified revenue mix, targeting > 20% Treasury Management Service Fees noninterest income / total revenue 12% • 44% annualized growth in Mortgage Banking
Slide 18: Noninterest Income Trends (cont’d)
Noninterest Income Trends (cont’d) Mortgage Banking Services Composition Mortgage Originations 12.6% 13.0% 3.17% 11.8% 11.0% 3.04% 8.7% $600M 2.88% 2.79% 2.85% 100.0% $450M 49.7% 50.6% 52.5% 58.3% 51.6% $300M 35.0% 37.4% 39.6% 31.3% 34.7% 15.3% 12.0% 17.1% $150M —% 7.9% 7.0% Q2 2025 Q3 2025 Q4 2025
Slide 19: Noninterest Expense Trends
Noninterest Expense Trends Noninterest Expense Composition ($ in thousands) Q2 2026 $68,744 $15,504 $4,237 $22,926 $57,559 $171,712 Salary and Employee Benefits Occupancy, Equipment and Software Q1 2026 $47,356 $10,006 $14,791 $75,341 Customer service costs Amortization of Intangible Assets Other No
Slide 20: Asset Quality Trends
Asset Quality Trends Allowance for Credit Losses Strategy and Q2 Highlights ($ in thousands) • ACL increase from Q1 is primarily the result of the level of reserve assessment for the acquired First Foundation portfolio ($80.0 million or $173,551 1.72%) and an increase in reserve assessment, includin
Slide 21: Asset Quality Trends (cont’d)
Asset Quality Trends (cont’d) Provision for Credit Losses & Credit Risk-Adjusted Returns Net Charge-Offs (Recoveries) NIM NCO Earning Credit ($ in thousands) $48,650$52,965 Assets Adj.2 Adjusted NIM1 1 Year 4.02% (0.73)% 0.15% 3.44% $27,550 $20,377 $24,600$28,255 Average $18,050 $18,247 $7,810 3 Yea
Slide 22: Capital and Liquidity
Capital and Liquidity Total Capital Ratio Common Equity Tier 1 Capital Ratio Strategy and Q2 Highlights 15.94% 15.81% 15.73% • Liquidity & IRR 15.29% 14.13% 13.78% 13.79% 14.12% 13.77% ◦ Seek to maintain historical solid liquidity 11.95% positioning across multiple sources 11.0% ◦ Seek to maintain b
Slide 23: Consistent Long-Term Strategy
Consistent Long-Term Strategy 1 2 3 4 5 Southwest and Western C&I Focused Commercial High Service Fee to Revenue Core Deposit Franchise Operating Strategy Growth Market Emphasis Bank Mix Focused on Organic Loan and High Quality, Attractive Long-Term Solid Core Earnings Progression Deposit Growth in
Slide 24: 2026 Full Year Financial Outlook
2026 Full Year Financial Outlook1 Inclusive of First Foundation beginning April 1st Business Driver Full Year 2026 Outlook Q4 2026 Outlook Key Assumptions and Further Expectations Key Assumptions: Low single digit growth Loans compared to 2Q period end Low single digit growth • The outlook includes
Slide 25: Appendix
Appendix FirstSun Capital Bancorp | 25
Slide 26: C&I Portfolio by Industry
C&I Portfolio by Industry Balance Change Average % of Total C&I Loans Industry1, 2 ($ in millions) Q2 2026 from Q1 2026 Loan Size Finance and Insurance $820.0 61.5% $6.9 23% Information (Technology, Media and Telecommunications) 356.0 (5.7)% 4.2 10% Manufacturing 346.0 22.8% 2.4 10% Healthcare 286.7
Slide 27: Total Criticized & Nonperforming Loan Overview
Total Criticized & Nonperforming Loan Overview Criticized Loans by Risk Grade Q2 2026 Criticized Rollforward ($ in millions) Special Mention Substandard - Accruing Loan ACL Substandard - Nonaccrual Doubtful ($ in millions) Activity Coverage Criticized loans to total loans $895.2 Q1 2026 Ending Balan
Slide 28: Total Criticized & Nonperforming Loan Overview (cont’d)
Total Criticized & Nonperforming Loan Overview (cont’d) 1 Change from Q1 ($ in millions) Largest Criticized Loan Categories by NAICS at June 30, 2026 First ACL % # ($ in millions) FirstSun Foundation Total (to total Criticized) Relationships 2 Multifamily Real Estate $364.0 $19.7 $341.6 $361.3 5.39%
Slide 29: Granular Deposit Base
Granular Deposit Base1 ~ 68%2 of Total Deposits by State3 Deposits are $13.4 Billion FDIC-Insured Total Deposits ~ 72%2 of Total Deposits are $0.1B Nevada $0.7B $1.6B FDIC-Insured + 1 branch Colorado Collateralized 11 branches Kansas 22 branches $2.9B Customer Base Granular Deposit Base California $
Slide 30: Financial Summary
Financial Summary As of and for the three months ended June 30, March 31, December 31, September 30, June 30, ($ in thousands, except per share amounts) 2026 2026 2025 2025 2025 Net interest income $ 143,195 $ 82,779 $ 83,461 $ 80,953 $ 78,499 Provision for credit losses 40,400 8,250 6,200 10,100 4,
Slide 31: 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) 2026 2026 2025 2025 2025 2026 2025 Tangible stockholders’ equity to tangible assets: Tot
Slide 32: 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) 2026 2026 2025 2025 2025 2026 2025 Tangible book value per share: Total stockho
Slide 33: 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) 2026 2026 2025 2025 2025 2026 2025 Adjusted pre-tax pre provision return on ave
Slide 34: 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) 2026 2026 2025 2025 2025 2026 2025 Adjusted return on average stockholders’ equ
Slide 35: 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) 2026 2026 2025 2025 2025 2026 2025 Adjusted loan growth Total loans (GAAP) $ 11
Slide 36: FirstSun
FirstSun Soak Capital
FirstSun Capital Bancorp — Q2 2026 Earnings Presentation on 6ix