FirstSun Capital Bancorp reported a net income of $23.2 million for the third quarter of 2025, translating to earnings per diluted share of $0.82, compared to $22.4 million and $0.79 per share in the same quarter of 2024. For the nine months ending September 30, 2025, net income reached $73.1 million, up from $59.3 million in the prior year. The company’s net interest income for the third quarter was $80.9 million, a 9.5% increase from $76.2 million a year earlier, while total revenue for the nine-month period was $348.5 million, compared to $343.5 million in 2024.
The company experienced a 10.6% annualized growth in loans, with total loans held-for-investment reaching $6.7 billion as of September 30, 2025, up from $6.4 billion at the end of 2024. This growth was primarily driven by increases in commercial and industrial loans, which accounted for 44.1% of total loans. Total deposits also increased to $7.1 billion, reflecting a 6.5% rise from $6.7 billion at the end of the previous fiscal year. The company’s net interest margin was reported at 4.07%, slightly down from 4.08% in the same quarter of the previous year.
In terms of operational developments, FirstSun Capital Bancorp announced a definitive merger agreement with First Foundation, Inc. on October 27, 2025. The merger is expected to create a combined entity with approximately $17 billion in total assets and is anticipated to close in the second quarter of 2026. The merger will involve an exchange of shares, with First Foundation shareholders receiving 0.16083 shares of FirstSun common stock for each share they hold. This strategic move aims to enhance growth opportunities and expand market presence.
The company’s allowance for credit losses stood at $84.0 million, representing 1.26% of total loans, with a provision for credit losses of $10.1 million recorded in the third quarter, up from $5.0 million in the same period last year. The increase was attributed to the deterioration of specific customer relationships in the commercial and industrial sector. FirstSun's total assets increased to $8.5 billion, up from $8.1 billion at the end of 2024, reflecting a strong balance sheet position.
Looking ahead, FirstSun Capital Bancorp remains focused on integrating its operations with First Foundation while continuing to manage its loan portfolio and enhance its deposit base. The company is optimistic about achieving the anticipated benefits of the merger, which include increased scale and improved financial performance. However, management acknowledges the potential challenges associated with the integration process and the need to maintain customer relationships during this transition.
About FIRSTSUN CAPITAL BANCORP
FirstSun Capital Bancorp is a financial holding company that owns Sunflower Bank, a community bank offering deposit, lending, treasury management, wealth management, and mortgage services across multiple states. The company focuses on relationship-driven banking, serving small to medium-sized businesses and individuals, with core strengths in commercial and residential loans, deposit franchise, and strategic growth through acquisitions and market expansion.
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