Exciting news! On October 27, 2025, our holding company, FirstSun Capital Bancorp and First Foundation Inc. jointly announced that we have entered into a definitive merger agreement. Read the full announcement on the FirstSun Investor Relations website: https://ir.firstsuncb.com/news/news-details/2025/FirstSun-Capital-Bancorp-and-First-Foundation-Inc--Combining-in-All-Stock-Merger/default.aspx

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FirstSun Capital Bancorp Reports Third Quarter 2024 Results

October 28, 2024

Third Quarter 2024 Highlights:

  • Net income of $22.4 million, $0.79 per diluted share (excluding merger costs, $23.7 million, $0.84 per diluted share, see the “Non-GAAP Financial Measures and Reconciliations” section)
  • Net interest margin of 4.10%
  • Return on average total assets of 1.13% (excluding merger costs, 1.19%, see the “Non-GAAP Financial Measures and Reconciliations” section)
  • Return on average stockholders’ equity of 8.79% (excluding merger costs, 9.27%, see the “Non-GAAP Financial Measures and Reconciliations” section)
  • Loan growth of 6.7% annualized
  • Deposit growth of 1.8% annualized
  • 22.5% noninterest income to total revenue1

DENVER - FirstSun Capital Bancorp (“FirstSun”) (NASDAQ: FSUN) reported net income of $22.4 million for the third quarter of 2024 compared to net income of $25.2 million for the third quarter of 2023. Earnings per diluted share were $0.79 for the third quarter of 2024 compared to $1.00 for the third quarter of 2023. Earnings for the third quarter of 2024 were negatively impacted by $1.2 million of merger costs, net of tax, or $0.05 per diluted share.

Neal Arnold, FirstSun’s Chief Executive Officer and President, commented, “Our results this quarter continue to demonstrate the underlying strength of our core franchise. Our revenue growth was rooted in a very strong net interest margin of 4.10% and we realized growth in both loans and deposits. We remain focused on continuing to responsibly grow the business and expand our client relationships across all of the markets we serve through our expansive suite of banking services. We appreciate all the hard work of our teams across the organization this year.”

The full earnings release can be viewed on the FirstSun Capital Bancorp Investor Relations website.


Investor Contact:

Ed Jacques

Director of Investor Relations & Business Development, FirstSun

214.473.7958 | [email protected]


Media Contact:

Jeanne Lipson

Vice President of Marketing, Sunflower Bank

915.881.6785 | [email protected]