FIRSTSUN CAPITAL BANCORP
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
FSUN$39.48+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| (In thousands) | 2026 | 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $37,115 | $73,129 |
| Adjustments to reconcile income to net cash provided by operating activities: | ||
| Provision for credit losses | 53,050 | 18,400 |
| Depreciation and amortization on premises and equipment | 7,653 | 6,170 |
| Deferred tax expense | 3,467 | 6,618 |
| (Accretion) amortization of net (discount) premium on securities | (6,226) | 401 |
| Accretion of net discount on acquired loans | (43,681) | (976) |
| Net change in deferred loan origination fees and costs | 4,003 | 3,899 |
| Amortization of core deposits and other intangible assets | 8,982 | 1,784 |
| Amortization of premium on acquired deposits | (4,932) | (54) |
| Accretion of issuance costs and net discount on subordinated debt | 1,982 | 321 |
| Increase in cash surrender value of bank-owned life insurance | (2,426) | (1,607) |
| Impairment of other real estate owned and foreclosed assets | 439 | 672 |
| Federal Home Loan Bank stock dividends | (544) | (478) |
| Share-based compensation expense | 5,616 | 2,935 |
| Decrease in fair value of mortgage servicing rights | 1,176 | 9,111 |
| Net loss on sales of available-for-sale securities | 2 | — |
| Net loss on disposal of premises and equipment | 531 | 180 |
| Net loss on other real estate owned and foreclosed assets activity | 1,296 | 27 |
| Net gain on sales of loans held-for-sale | (10,652) | (7,723) |
| Origination of loans held-for-sale | (1,300,310) | (1,017,631) |
| Proceeds from sales of loans held-for-sale | 2,398,433 | 991,380 |
| Changes in operating assets and liabilities: | ||
| Lease right-of-use assets | (9,860) | (160) |
| Accrued interest receivable | 10,839 | (2,694) |
| Prepaid expenses and other assets | (203) | 24,143 |
| Accrued interest payable | (31,119) | (644) |
| Accrued expenses and other liabilities | 17,916 | (11,370) |
| Deferred tax assets | 245 | (5,100) |
| Net cash provided by operating activities | $1,142,792 | $90,733 |
Consolidated Statements of Cash Flows (continued)
| (In thousands) | 2026 | 2025 |
|---|---|---|
| Cash flows from operating activities: (previous page) | $1,142,792 | $90,733 |
| Cash flows from investing activities: | ||
| Cash acquired in excess of cash paid in connection with First Foundation acquisition | 1,726,008 | — |
| Proceeds from maturities of held-to-maturity securities | 1,734 | 1,092 |
| Purchases of available-for-sale securities | — | (21,595) |
| Proceeds from pay-downs, sales or maturities of available-for-sale securities | 1,473,818 | 29,143 |
| Loan originations, net of repayments | 121,696 | (340,654) |
| Purchases of premises and equipment | (4,203) | (5,753) |
| Proceeds from sales of other real estate owned and foreclosed assets | 801 | 249 |
| Purchases of restricted equity securities | (54,502) | (661) |
| Proceeds from the sale or redemption of restricted equity securities | 74,515 | 5,289 |
| Purchase of other investments | (28,875) | (6,585) |
| Proceeds from the sale or redemption of other investments | 27,702 | 698 |
| Net cash provided by (used in) investing activities | 3,338,694 | (338,777) |
| Cash flows from financing activities: | ||
| Net change in deposits | (2,906,977) | 433,209 |
| Net change in securities sold under agreements to repurchase | (9,926) | (4,875) |
| Proceeds from Federal Home Loan Bank advances | 228,296 | 293,000 |
| Repayments of Federal Home Loan Bank advances | (1,652,000) | (428,000) |
| Repayments of other borrowings | (12,500) | — |
| Proceeds from issuance of common stock, net of issuance costs and taxes paid on cashless exercise of equity awards | (2,072) | (1,308) |
| Repurchase of common stock | (49,742) | — |
| Net cash (used in) provided by financing activities | (4,404,921) | 292,026 |
| Net increase in cash and cash equivalents | 76,565 | 43,982 |
| Cash and cash equivalents, beginning of period | 652,592 | 615,917 |
| Cash and cash equivalents, end of period | $729,157 | $659,899 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid on deposits | $177,252 | $110,941 |
| Interest paid on borrowed funds | $8,612 | $4,370 |
| Cash paid for income taxes, net | $9,657 | $12,180 |
| Non-cash investing and financing activities: | ||
| Assets acquired from First Foundation Inc. | $11,184,713 | $— |
| Liabilities assumed from First Foundation Inc. | $10,490,198 | $— |
| Net change in unrealized (loss) gain on available-for-sale securities | $(26,220) | $15,079 |
| Loan charge-offs | $56,814 | $23,839 |
| Loans transferred to other real estate owned and foreclosed assets | $5,334 | $9,228 |
| Mortgage servicing rights resulting from sale or securitization of mortgage loans | $14,279 | $10,548 |
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