FirstSun Capital Bancorp reported a net income of $26.4 million for the second quarter of 2025, translating to earnings per diluted share of $0.93, an increase from $24.6 million and $0.88 per share in the same quarter of 2024. For the first half of 2025, net income reached $50.0 million, up from $36.9 million in the prior year, with diluted earnings per share rising to $1.77 from $1.32. The company’s net interest income for the quarter was $78.5 million, a 7.7% increase year-over-year, while total assets grew to $8.4 billion, compared to $8.1 billion at the end of 2024.
The bank's provision for credit losses increased to $4.5 million in the second quarter, up from $1.2 million a year earlier, primarily due to deterioration in certain commercial and industrial customer relationships. Noninterest income also saw a rise, totaling $27.1 million for the quarter, compared to $23.3 million in the previous year, driven by increased revenue from mortgage banking services. Total deposits increased significantly by 13.2% annualized, reaching $7.1 billion, while loans held-for-investment rose to $6.5 billion, reflecting organic growth.
Strategically, FirstSun continues to expand its footprint, offering a full range of banking services across multiple states, including Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington. The company operates through two primary segments: Banking and Mortgage Operations. The Banking segment reported a net interest margin of 4.07% for the second quarter, while the Mortgage Operations segment experienced increased revenue from mortgage banking services, contributing to the overall growth in noninterest income.
Operationally, FirstSun's employee headcount remained stable at approximately 1,168, with 71 banking branches as of June 30, 2025. The bank's allowance for credit losses stood at $82.99 million, representing 1.28% of total loans, with nonperforming loans decreasing to 0.84% of total loans. The company maintains a strong capital position, with total stockholders' equity of $1.1 billion, and continues to meet all regulatory capital requirements, positioning itself for future growth and stability.
Looking ahead, FirstSun Capital Bancorp anticipates continued growth in both its loan and deposit portfolios, supported by its strategic initiatives and market conditions. The company remains focused on enhancing its service offerings and expanding its market presence while managing credit risk effectively in a changing economic environment.
About FIRSTSUN CAPITAL BANCORP
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