FIRSTSUN CAPITAL BANCORP

For the period ended Dec 31, 2024. Filed Mar 7, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 7, 2025

FSUN$39.48+0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income and Comprehensive Income

(In thousands, except per share amounts)	2024	2023	2022
Interest income:
Interest and fee income on loans:
Taxable	$404,040	$366,523	$228,967
Tax exempt	17,919	19,114	19,021
Interest and dividend income on securities:
Taxable	18,454	17,014	13,176
Tax exempt	14	18	9
Other interest income	19,113	11,015	5,644
Total interest income	459,540	413,684	266,817
Interest expense:
Interest expense on deposits	150,651	101,355	13,154
Interest expense on securities sold under agreements to repurchase	188	225	119
Interest expense on other borrowed funds	11,791	18,673	11,912
Total interest expense	162,630	120,253	25,185
Net interest income	296,910	293,431	241,632
Provision for credit losses	27,550	18,247	18,050
Net interest income after credit loss expense	269,360	275,184	223,582
Noninterest income:
Service charges on deposit accounts	9,495	9,940	9,857
Treasury management service fees	14,829	11,724	8,827
Credit and debit card fees	11,153	11,681	11,038
Trust and investment advisory fees	5,787	5,693	6,806
Income from mortgage banking services, net	39,014	31,384	46,285
(Loss) gain on other real estate owned and foreclosed assets activity, net	(28)	(106)	164
Other noninterest income	9,542	8,776	6,589
Total noninterest income	89,792	79,092	89,566
Noninterest expense:
Salary and employee benefits	154,985	133,231	134,359
Occupancy and equipment	36,282	33,426	31,344
Amortization and impairment of intangible assets	3,549	4,822	4,215
Terminated merger related expenses	13,178	—	—
Merger related expenses	—	—	18,751
Other noninterest expenses	56,046	51,314	50,457
Total noninterest expense	264,040	222,793	239,126
Income before income taxes	95,112	131,483	74,022
Provision for income taxes	19,484	27,950	14,840
Net income	$75,628	$103,533	$59,182
Other comprehensive income (loss):
Net unrealized gain (loss) on securities available-for-sale	3,895	976	(45,647)
Other comprehensive income (loss)	3,895	976	(45,647)
Comprehensive income	$79,523	$104,509	$13,535
Earnings per share:
Net income available to common stockholders	$75,628	$103,533	$59,182
Basic	$2.76	$4.15	$2.55
Diluted	$2.69	$4.08	$2.48

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.