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FirstSun Capital
FirstSun Capital (FSUN) investor relations material
FirstSun Capital Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Jan, 2026
Executive summary
Full year 2025 net income was $97.9M ($3.47 per share), adjusted net income $100.5M ($3.56 per share), with Q4 adjusted net income of $26.9M ($0.95 per share) and strong NIM of 4.18%.
Diluted EPS rose 29% year-over-year, adjusted EPS up 13.7%, and tangible book value per share increased 11.5% to $37.83.
Total revenue grew 8.4% to $419.3M, with noninterest income at $101.9M for 2025 and $26.7M in Q4, comprising 24.3% of total revenue.
Full-year positive adjusted operating leverage of $11.5M and continued investment in growth markets and product portfolio.
Progressing on pending merger with First Foundation, with integration and balance sheet optimization underway.
Financial highlights
Net interest income for 2025 was $317.4M, up 8.3% YoY; Q4 NII grew 12.3% annualized over Q3.
Net interest margin was 4.10% for 2025 and 4.18% in Q4, above 4% for 13 consecutive quarters.
Noninterest income for 2025 was $101.9M, with Q4 at $26.7M, up 13% YoY.
Loans held-for-investment ended at $6.67B, deposits at $7.11B, and total assets at $8.49B at year-end.
Loan to deposit ratio at year-end was 93.9%.
Outlook and guidance
2026 outlook projects mid-single digit growth in average loans, deposits, and net interest income, with stable NIM and mid-60s efficiency ratio.
Noninterest income expected to grow low double digits to low teens, with higher mortgage and treasury management contributions.
Adjusted noninterest expense growth expected in mid to high single digits.
Allowance for credit losses to loans expected in mid to high 120s bps; net charge-off ratio in mid to high 20s bps.
Loan to deposit ratio expected in the mid-90s.
What drove elevated C&I loan charge-offs?
NIM strategy in declining rate environment?
First Foundation merger synergy realization?
Special mention increase drivers
Post-merger deposit strategy flexibility
C&I team expansion: Texas vs. SoCal
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Next FirstSun Capital earnings date
Q1 202628 Apr, 2026
FirstSun Capital
Next FirstSun Capital earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
FirstSun Capital Bancorp, based in Denver, Colorado, operates as the financial holding company for Sunflower Bank, N.A. This institution also includes divisions such as First National 1870 and Guardian Mortgage within its structure. The company delivers a wide array of financial products and services, including deposit, lending, treasury management, wealth management, and online banking solutions through Sunflower Bank, National Association, and Logia Portfolio Management, LLC. Their offerings cater to both individual customers and businesses, featuring commercial loans, real estate loans, residential mortgages, various banking deposit products, and treasury management products and services. The company is headquartered in Denver, Colorado, and its shares are listed on the OTCQX.
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