Firstsun Capital Bancorp | 8-K: FY2025 Q4 Revenue: USD 110.21 M

Revenue: As of FY2025 Q4, the actual value is USD 110.21 M.EPS: As of FY2025 Q4, the actual value is USD 0.88, beating the estimate of USD 0.82.EBIT: As of FY2025 Q4, the actual value is USD -51.5 M.Fourth Quarter 2025 Financial PerformanceNet IncomeReported Net Income was $24.8 million. Adjusted Net Income was $26.9 million. Diluted Earnings Per Share (EPS)Reported Diluted EPS was $0.88, an increase of 7.3% over Q3. Adjusted Diluted EPS was $0.95, an increase of 14.5% over Q3. RevenueTotal revenue was $110.2 million, a 2.7% increase over Q3. Net Interest IncomeTotaled $83.5 million, an increase of $2.5 million compared to the prior quarter. Net Interest Income was $83,461 thousand, an 8.3% year-over-year growth. Net Interest MarginIncreased 11 basis points to 4.18% compared to the prior quarter. Return on Average Total AssetsStood at 1.17%. Adjusted return was 1.27%. Return on Average Stockholders’ EquityWas 8.58%. Adjusted return was 9.31%. Noninterest IncomeTotaled $26.7 million, an increase of $0.4 million from the prior quarter. Key components included:Service charges on deposit accounts: $2,116 thousand. Treasury management service fees: $4,544 thousand. Credit and debit card fees: $2,744 thousand. Trust and investment advisory fees: $1,515 thousand. Income from mortgage banking services, net: $12,102 thousand. Other noninterest income: $3,723 thousand. Noninterest Income to Total Revenue was 24.3%. Noninterest ExpenseTotaled $72.0 million, an increase of $3.1 million from the prior quarter. Total Noninterest Expense was $72,041 thousand. Major categories were:Salary and employee benefits: $43,520 thousand. Occupancy and equipment: $9,576 thousand. Amortization and impairment of intangible assets: $628 thousand. Merger related expenses: $2,217 thousand. Other noninterest expenses: $16,100 thousand. Efficiency RatioThe efficiency ratio was 65.37%. The adjusted efficiency ratio was 63.36%. Provision for Credit LossesTotaled $6.2 million primarily due to impacts from net portfolio downgrades. Provision for credit losses was $6,200 thousand. Net Charge-offsWere $5.0 million, resulting in an annualized ratio of net charge-offs to average loans of 0.30%. Allowance for Credit LossesAs a percentage of loans, it was 1.27% at December 31, 2025. ACL was $85,016 thousand. Nonperforming AssetsThe ratio of nonperforming assets to total assets was 0.85% at December 31, 2025. Nonperforming Loans were $60,771 thousand, representing 0.91% of total loans. LoansTotaled $6.7 billion at December 31, 2025, decreasing $8.4 million or 0.5% on an annualized basis. Loans held-for-investment were $6,673,180 thousand and loans held-for-sale were $100,539 thousand. Average Total Loans were $6,825,404 thousand. Annualized Average Loan Growth was 8.5%, with average balances up 8.5% annualized over Q3. DepositsTotaled $7.1 billion at December 31, 2025, increasing $1.9 million or 0.1% on an annualized basis. Noninterest-bearing deposit accounts represented 23.2% of total deposits. Average Total Deposits were $7,075,390 thousand. Annualized Deposit Growth was 0.1%, with EOP balances up 0.1% annualized over Q3. Cost of Total Deposits was 2.85%. Loan to Deposit RatioStood at 93.9% at December 31, 2025. Capital RatiosCommon equity tier 1 risk-based capital ratio was 14.12% as of December 31, 2025. Total risk-based capital ratio was 15.73%. Tier 1 leverage ratio was 12.75% as of December 31, 2025. Book Value Per ShareBook Value Per Share was $41.36 at December 31, 2025. Tangible book value per share was $37.83 at December 31, 2025. Tangible book value per share increased by $0.91 or 2.46% over Q3. Other Key MetricsPre-tax Pre-provision Return on Average Assets (PTPP ROAA) was 1.79%. Adjusted PTPP ROAA was 1.90%. Return on Average Tangible Stockholders’ Equity (ROATCE) was 9.58%. Adjusted ROATCE was 10.38%. Operating leverage declined by -$0.2 million over Q3. Adjusted operating leverage growth was $1.8 million over Q3. Immediate Borrowing Availability was $3.8 billion. Full Year 2025 Financial PerformanceNet IncomeReported Net Income was $97.9 million. Adjusted Net Income was $100.5 million. Diluted Earnings Per Share (EPS)Reported Diluted EPS was $3.47, an increase of 29.0% over 2024. Adjusted Diluted EPS was $3.56, an increase of 13.7% over 2024. RevenueTotal revenue was $419.3 million, an 8.4% increase over 2024. Net Interest IncomeTotaled $317.4 million, an increase of $20.5 million compared to 2024. Net Interest MarginIncreased four basis points to 4.10% compared to 2024. Full year NIM (FTE) was 4.16%. Return on Average Total AssetsWas 1.18%. Adjusted return was 1.21%. Return on Average Stockholders’ EquityWas 8.88%. Adjusted return was 9.11%. Noninterest IncomeTotaled $101.9 million, an increase of $12.1 million from 2024. Noninterest income as a percentage of total revenue was 24.3%. Noninterest ExpenseTotaled $271.8 million, an increase of $7.7 million from 2024. Merger related expenses decreased $10.4 million in 2025 compared to 2024. Efficiency RatioThe efficiency ratio was 64.82%. The adjusted efficiency ratio was 64.17%. Provision for Credit LossesTotaled $24.6 million, a decrease of $3.0 million compared to 2024. Net Charge-offsWere $28.3 million, or a ratio of 0.43% to average loans. LoansIncreased by $0.3 billion or 4.7% to $6.7 billion at December 31, 2025. Average loan growth was 3.2% over 2024. End of Period (EOP) Loan Growth was 4.7%. DepositsIncreased by $0.4 billion or 6.5% to $7.1 billion at December 31, 2025. Average deposits grew by 6.6%. EOP Deposit Growth was 6.5%. Capital and Asset QualityCommon Equity Tier 1 (CET1) was 14.12%. Tangible Common Equity to Tangible Assets (TCE/TA) was 12.58%. Tangible book value per share increased by $3.89 or 11.46%. Other Key MetricsAdjusted Pre-tax Pre-provision Return on Average Assets (PTPP ROAA) was 1.78%. Return on Average Tangible Stockholders’ Equity (ROATCE) was 9.46%. Operating leverage growth was $24.8 million over 2024. Adjusted operating leverage growth was $11.5 million over 2024. OutlookFirstSun Capital Bancorp expects mid-single-digit growth rates for both average loans and deposits in 2026, with the loan to deposit ratio remaining in the mid-90s. Net interest income is also projected to see a mid-single-digit growth rate, while noninterest income is anticipated to grow in the low double digits to low teens. The company forecasts net charge-offs to average loans in the mid to high 20s in basis points, with the Allowance for Credit Losses (ACL) to loans in the mid to high 120s in basis points.