FIRN CAPIPAR : FSUN 1Q2026 Earnings Presentation

Published: 2026-04-27 17:42:14 ET FSUN

Published on 04/27/2026 at 05:42 pm EDT

FirstSun Capital Bancorp

NASDAQ: FSUN

1Q2026 Earnings Presentation

April 27, 2026

This presentation includes certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States ("GAAP"). These non-GAAP financial measures include certain operating performance measures that exclude merger-related and other charges that are not considered part of the Company's recurring operations.

The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of the Company's ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. The Company believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. The Company's management believes investors may find these non-GAAP financial measures useful and that these non-GAAP financial measures provide useful supplemental information for evaluating the Company's performance trends. Further, the Company's management uses these measures in managing and evaluating the Company's business and intends to refer to them in discussions about the Company's operations and performance. These non-GAAP financial measures, however, should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies These measures should be viewed in addition to, and not as an alternative to, or substitute for, measures that are determined in accordance with GAAP. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable GAAP measure are included in the Appendix to this presentation.

Neither FirstSun's nor First Foundation's independent registered public accounting firms have studied, reviewed or performed any procedures with respect to the pro forma or pro forma forward-looking financial data for the purpose of inclusion in this presentation, and, accordingly, neither have expressed an opinion or provided any form of assurance with respect thereto for the purpose of this presentation.

The pro forma combined data of FirstSun and First Foundation is as of March 31, 2026, and is based on the GAAP results of FirstSun and First Foundation for the applicable periods without adjustments, except where specifically noted. The pro forma combined data included in this presentation does not reflect any purchase accounting adjustments. All pro forma data should be reviewed in connection with the historical information of FirstSun and First Foundation, as applicable.

These pro forma and pro forma forward-looking financial data are for illustrative purposes only and should not be relied on as necessarily being indicative of future results. The assumptions and estimates underlying the pro forma and pro forma forward-looking financial data are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, including those risks and uncertainties included in Disclaimers-Forward Looking-Statements on slide 2 of this presentation. Pro forma and pro forma forward-looking financial data are inherently uncertain due to a number of factors outside of FirstSun's control. Accordingly, there can be no assurance that the pro forma combined information, pro forma forward-looking financial information or prospective results are indicative of future performance of the combined company after the merger with First Foundation which closed on April 1, 2026 or that actual results will not differ materially from those presented in the pro forma and pro forma forward-looking financial data. Inclusion of pro forma and pro forma forward-looking financial data in this presentation should not be regarded as a representation by any person that such results will be achieved.

Further, neither the pro forma nor the pro forma forward-looking financial data has been prepared in accordance with Article 11 of Regulation S-X, and, therefore, does not reflect any of the adjustments that would be required thereby.

FirstSun Capital Bancorp | 3

Previously, deposit amounts related to certain NOW accounts with limited monthly transaction activity were able to be reclassified to money market accounts to reduce reserve requirements at the Federal Reserve. As there is no longer any impact to reserve requirements across different deposit products, we have discontinued this product reclassification practice and have revised the presentation of those deposits to conform to the current presentation for periods prior to March 31, 2026.

Certain market and industry data used in this presentation are based on third-party sources, publicly available information and internal estimates. We believe such information to be reliable, but we have not independently verified it and make no representation as to its accuracy or completeness.

FirstSun Capital Bancorp | 4

Operating in five of the Top 10 Fastest Growing MSAs1

Austin, TX

Dallas, TX

Orlando, FL

Charlotte, NC

Houston, TX

Tampa, FL

Nashville, TN

San Antonio, TX

Phoenix, AZ

Atlanta, GA

With a Presence in seven of the 10 Largest MSAs in the Southwest & Western US2

Southern CA3

Dallas, TX

Houston, TX

Phoenix, AZ

Ontario, CA

San Francisco, CA

Seattle, WA

Minneapolis, MN

San Diego, CA

Denver, CO

Franchise Footprint

$8.6B

Total Assets

$6.9B

Loans HFI

$7.1B

Total Deposits

1,210

Full-Time Employees

Key Facts and Statistics

$1.0B

Market Cap

$36.46

Price per Share

0.95x

Price / TBV5

$38.57

TBV per Share5

10.24x

Price / LTM Adjusted Diluted EPS5

Full Service Branches

States with Mortgage Capabilities

Headquarters:

FirstSun: Denver, CO Sunflower Bank: Dallas, TX

KBRA Ratings4

FirstSun Capital Bancorp

Sunflower Bank, N.A.

Senior Unsecured Debt = BBB

Deposit = BBB+

Subordinated Debt = BBB-

Senior Unsecured Debt = BBB+

Short-Term Debt = K3

Short-Term Deposit = K2

Short-Term Debt = K2

Source: S&P Global Market Intelligence, Company documents. Company data, key facts and statistics are as of March 31, 2026, and does not reflect the impact of our merger with First Foundation Inc., which closed on April 1, 2026.

1MSAs with leading household income and growth with a population currently over 2 million.

2Defined as states west of the Mississippi River.

3The MSA of Southern California includes Los Angeles, Long Beach, and Anaheim; excludes San Diego and Ontario, CA.

4As of Oct 31, 2025.

5Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation.

FirstSun Capital Bancorp | 5

Universe Size

Strong Service Fee Revenue

Lending

Focus Growth

Attractive Footprint3

MRQ Service Fee Revenue / Rev.

> 20%

Specialized C&I Lending1

Loan Growth2

> 10%

1 Bank

With scale in six of the

top 10 fastest growing MSA's post-acquisition

Attractive core deposit funded franchise with proven ability to deliver strong organic growth

~ 50 Banks

Banks with Total Assets

$10B - $30B

Durable & Growing Earnings

Differentiated Platform

Strong Growth Momentum

Strategic Focus in Key US Markets

SCARCITY VALUE

Source: S&P Global Market Intelligence; Financial data as of most recent quarter available. 1Specialized C&I lending defined as C&I concentration of 25% or greater of total loan portfolio. 2Loan Growth represents CAGR calculated from December 31, 2018 to March 31, 2026.

3MSAs with leading household income and growth with a population currently over 2 million.

FirstSun Capital Bancorp | 6

Mix of community and high growth metro markets with emphasis on Southwest and Western US

C&I business focus with a disciplined and careful CRE exposure to core customers in our geography

Vertical lending expertise provides true alternative to larger banks

Core deposit funded franchise

Financial service income at high end of peers

Tenured management team

FirstSun Capital Bancorp | 7

Net Income

Diluted EPS

$21.6 million

Reported

$23.7 million

Adjusted1

$0.76

Reported

$0.84

Adjusted1

ROAA

PTPP ROAA1

1.04%

Reported

1.14%

Adjusted1

1.67%

Reported1

1.80%

Adjusted1

9.10%

Adjusted1

8.31%

Reported1

ROATE1

EOP loan growth2 of 16.2%, annualized over Q4

Continued strong NIM of 4.25%, up 7 basis points over Q4

Noninterest income to total revenue of 24.7%, up 0.4% over Q4

Wholesale deposits decreased $58.6 million over Q4

Increased tangible book value1 per share by

$0.74 or 1.96% over Q4

Efficiency ratio of 68.52%; Adjusted Efficiency ratio1 of 66.08%

Loan to deposit ratio of 97.9%

CET 1 of 13.77%

2026 Q1 Highlights

24.7%

Noninterest Income to Total Revenue3

0.63%

Net Charge-Offs to Average Loans2

(1.1)%

Annualized EOP Deposit Growth

16.2%

Annualized EOP Loan Growth2

4.25%

Net Interest Margin

1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation.

2Represents loans held-for-investment.

3Total revenue is net interest income plus noninterest income.

FirstSun Capital Bancorp | 8

Originations, Paydowns & Payoffs

$600

$500

$400

$300

$200

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

Loan Originations

Loan Paydowns and Payoffs

$ in millions

Portfolio Composition

1.3%

7.1%

17.5%

45.5%

7.4%

11.2%

10.0%

Commercial and Industrial

Commercial Real Estate: Owner Occupied Commercial Real Estate: Non-Owner Occupied Multifamily, Construction, and Land

Residential Real Estate Public Finance Consumer and Other

Average Total Loans and Yield

($ in millions)

$6,825

$6,857

$6,620

$6,667

$6,421

6.49%

6.36%

6.43%

6.37%

6.36%

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

Average Loans HFI + HFS

Loan Yield

Strategic emphasis on C&I lending

Seek to maintain variable vs fixed portfolio mix

~ 65% variable (~ 55% repricing w/in 1 year):

~ 40% reprices monthly (< 30 days)

~ 15% reprices w/in months 2-12

EOP balances up 16.2%, annualized over Q4

4% increase in line utilization over Q4

Low overall regulatory CRE1 to total capital level of 115%

Office CRE composition 4% of loans: NOO of $48.4 million; OO of $217.2 million

Not central business district properties

Loans to nondepository financial institutions comprise less than 7% of loans

99% pass graded

Strategy and Highlights

1 Regulatory CRE consists of commercial and residential construction, multifamily and non-owner occupied CRE.

FirstSun Capital Bancorp | 9

Average Deposit Composition

($ in millions)

Q2 2025

22.8%

21.9% 5.8%

27.8%

21.7% $6,945

Q1 2025

23.1%

22.1% 6.0%

25.5%

23.3% $6,643

Noninterest-bearing

Interest-bearing demand and NOW

Savings

Money market

CDs

Q1 2026

23.1%

21.7%

5.4%

32.6%

17.2%

$7,030

Q4 2025

24.0%

20.7%

5.4%

31.8%

18.1%

$7,075

Q3 2025

23.2%

20.3%

5.6%

31.2%

19.7%

$7,080

Cost of Deposits

Beta - Current Cycle = 39%1

2.73%

2.78%

2.81%

2.60%

2.46%

2.10%

2.15%

2.16%

1.98%

1.89%

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

Int-bearing deposits Total Deposits

Loan to Deposit Ratio

97.9%

94.3%

94.0%

93.9%

91.6%

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

Strategic emphasis on high quality relationship-based core deposits to drive organic balance sheet growth

EOP balances down $19.8 million, or 1.1% annualized over Q4

Wholesale deposits decreased $58.6 million over Q4

Continued mix shift

Money market increased to 32.7% from 32.4% at Q4

CDs decreased to 17.1% from 18.2% at Q4

Commercial business deposits represented 45% of total deposits and represented 74% of non-interest bearing deposits

Strategy and Highlights

1Change in cost of interest bearing deposits from Q3 2024 to Q1 2026, divided by the cumulative rate cut of 1.75% since the beginning of the current rate-cutting cycle. FirstSun Capital Bancorp | 10

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

$74,478

$78,499

$80,953

$82,779

$83,461

Net Interest Income

($ in thousands)

YoY Growth 11.1%

Growth in NIM to 4.25% largely driven by funding cost improvement of 9 basis points

Stability of NIM - trailing 14 qtrs above 4.00%

Driven by balance sheet composition

Quarter Highlights

Loan Repricing Mix

March 31, 2026

11%

30%

56%

Fixed

Prime

SOFR

Other

NIM Bridge 1

4.18%

0.03%

0.09%

4.25%

(0.05)%

Q4 2025

Loans

Other IB Assets IB Liabilities

Q1 2026

6.36%

6.43%

6.49%

6.37% 6.3

4.07%

4.18% 4.2

Loan Yield2, NIM, Cost of Funds

2.16%

2.19%

2.22%

2.00%

1.91%

Q1 2025

Q2 2025 Q3 2025

Loan Yield NIM

Q4 2025

Cost of Funds

Q1 2026

1Components of the NIM bridge reflect the changes relative to average total earnings assets at each respective period.

2Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale.

FirstSun Capital Bancorp | 11

$2,671 $2,162 $1,536 $2,921 $26,333

Credit and Debit Card Fees

Other Noninterest Income

Q2 2025

$13,274

$4,333

$2,728 $2,016 $1,473 $3,249

$27,073

Q1 2025

$9,055

$4,194

$2,586 $2,027 $1,421 $2,446 $21,729

Mortgage Banking Services

Service Charges on Deposit Accounts

Treasury Management Service Fees

Trust and Investment Advisory Fees

$4,402

$12,641

Q3 2025

$26,744

$3,723

$2,744 $2,116 $1,515

$4,544

$12,102

Q4 2025

$2,713 $2,096 $1,489 $1,949 $27,175

$4,613

$14,315

Q1 2026

Noninterest Income Composition

($ in thousands)

Strategic emphasis on diversified revenue mix, targeting > 20% noninterest income / total revenue

18% growth in Mortgage Banking Services revenue over Q4, partially offset by a decline of 65% in loan syndication and swap revenue from Q4

Continued strong growth in Treasury Management Service Fees, up 6%, annualized over Q4

Strategy and Highlights

Noninterest Income to Total Revenue1

Q1 2026

24.7%

Q4 2025

24.3%

Q3 2025

24.5%

Q2 2025

25.6%

Q1 2025

22.6%

Mortgage servicing revenue

Percent of total revenue

MSR, net

Origination revenue

34.7%

7.0%

Q1 2026

39.6%

7.9%

Q4 2025

Q3 2025

Q2 2025

15.3% 12.0%

37.4%

35.0%

49.7%

(0.1)%

Q1 2025

58.3%

52.5%

50.6%

49.7%

50.4%

100.0%

11.0%

9.4%

13.0%

11.8%

12.6%

Mortgage Banking Services Composition

Gain on sale margin

Secondary

Total

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

$450M

$300M

$150M

$-M

2.85%

2.79%

2.88%

3.04%

2.93%

$600M

Mortgage Originations

1Total revenue is net interest income plus noninterest income.

FirstSun Capital Bancorp | 12

Noninterest Expense Composition

($ in thousands)

Q1 2026

$75,341

Q4 2025

$72,041

Q3 2025

$68,901

Q2 2025

$68,110

Q1 2025

$62,722

Salary and Employee Benefits

Other Noninterest Expenses

Occupancy, Equipment and Software Amortization of Intangible Assets

Merger Related Expenses

$16,100

$9,576

$43,520

$14,791

$10,006

$47,356

Expect to continue investment in building out our franchise organically (sales force & infrastructure)

Continued investment in growth markets

Noninterest expenses increased 4.6% compared to Q4 primarily driven by an increase in salary and employee benefits due to the seasonal increase in payroll taxes and retirement account contributions, and an increase in medical insurance costs

Strategy and Highlights

$44,822

$9,591

$13,669

$43,921

$9,541

$13,785

$39,561

$9,536

$12,997

Efficiency Ratio

Adjusted Efficiency Ratio 1

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

63.36%

64.25%

66.08%

65.37%

64.22%

64.00%

64.52%

65.19%

68.52%

Efficiency Ratio

1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation.

FirstSun Capital Bancorp | 13

ACL to Loans

ACL

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

1.20%

1.27%

1.26%

1.28%

1.42%

$82,955

$85,016

$84,040

$82,993

Allowance for Credit Losses

($ in thousands)

$91,790

Classified loans remained relatively flat from Q4

Loan loss provisioning in Q1, impacted by:

Net portfolio downgrades

Growth in loan portfolio balances

Net charge-offs increased in Q1 over Q4 due to write-downs related to two specific customer relationships in our C&I loan portfolio

Quarter Highlights

Residential Real Estate

Public Finance

Nonperforming Loans to Loans

Commercial and Industrial

Commercial Real Estate Consumer and Other

Q1 2026

Q4 2025

Q3 2025

0.86%

0.91%

0.84%

Q2 2025

Q1 2025

1.04%

1.21%

$30,000

$59,656

$54,841

$60,000

$60,771

Nonperforming Loans

($ in thousands)

$78,590

$69,641

$90,000

Commercial and Industrial

Public Finance

Commercial Real Estate, Residential Real Estate, Consumer and Other

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

$631

$5,000

$5,024

$9,053

$10,000

$10,561

Net Charge-Offs (Recoveries)

($ in thousands)

$13,547

$15,000

FirstSun Capital Bancorp | 14

Net Charge-Offs

Provision for Credit Losses

2026 YTD

2025

2024

2023

$(320) 2022

$8,250 $10,561

$7,810

$24,60 $28,255

$27,550

$20,377

$18,247

$18,050

Provision for Credit Losses &

Net Charge-Offs

($ in thousands)

Credit Risk-Adjusted Returns

NIM NCO A Earning j.2 Adj Credit IM1 ssets Ad usted N

1 Year Average

4.14%

(0.58)%

0.09%

3.65%

3 Year Average

4.11%

(0.35)%

0.05%

3.81%

5 Year Average

3.89%

(0.22)%

0.03%

3.70%

Residential Real Estate

Public Finance

Nonperforming Loans to Loans

Commercial and Industrial

Commercial Real Estate Consumer and Other

2026

2025

2024

2023

2022

0.86%

0.91%

1.08%

1.01%

$29,067

0.49%

$30,000

$59,656

$60,000

$60,771

$63,143 $69,050

Nonperforming Loans

$90,000 ($ in thousands)

0.32%

Net Charge-Off (Recoveries) %

ACL to Loans

Trailing 5 Year NCO %

2026 YTD

2025

2024

0.13%

2023

(0.01)%

2022

0.22%

0.43%

1.20%

0.63%

1.27%

1.38%

1.28%

1.12%

ACL & NCO %s

1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. Credit adjusted NIM is defined as net interest margin less net charge-offs over average earning assets.

2Reflects impact from use of average earning assets to align denominator for both NIM and NCO calculations.

FirstSun Capital Bancorp | 15

Capital Operating Threshold

Total Capital Ratio

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

11.0%

15.29%

15.73%

15.81%

15.94%

15.52%

Total Capital Ratio

Capital Operating Threshold

CET1

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026

8.0%

13.77%

14.12%

13.79%

13.78%

13.26%

Common Equity Tier 1 Capital Ratio

Liquidity & IRR

Seek to maintain historical solid liquidity positioning across multiple sources

Seek to maintain balance sheet strength with relative neutrality objective to downward/upward rates (-/+ 100bps)

Capital Priorities

Support organic growth through earnings

Near-term share repurchases

Wholesale funding reliance of 6%

Cash to total assets of 5%

AOCI & HTM unrealized loss, net of tax to total equity of 3%

Strategy and Highlights

$3.7B

Immediate Borrowing Availability

Liquidity Ratios

15.00%

12.00%

9.00%

6.00%

3.00%

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

TCE / TA, + Net Unrealized Losses on HTM Securities, Net of Tax1 Wholesale Deposits and Borrowings to Total Liabilities

AOCI + HTM Unrealized Loss, Net of Tax / Total Equity

1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation.

FirstSun Capital Bancorp | 16

Southwest and Western

Growth Market Emphasis

C&I Focused Commercial

Bank

High Service Fee to Revenue

Mix

Core Deposit Franchise

Operating Strategy

Focused on Organic Loan and Deposit Growth in Targeted Markets

Operating in six of 10 Fastest Growing MSAs1 in US

Robust Mix of Customer Relationships across Urban and Rural Communities

Relationship Driven C&I Banking with Attractive Specialty Verticals

Expansive Treasury Management Services

Multi Family Based CRE Concentration

Revenue Diversification Emphasis

Multiple Profitable Service Fee Income Lines of Business

Best in Class Revenue Mix

High Quality, Attractive Long-Term Beta, Low Cost Deposits

Balanced Geographic Distribution Across Deposit Rich Markets in the Southwest and Western US and Florida

Advantageous Funding

Solid Core Earnings Progression

Sound Risk and Compliance Programs

Unique Organic Growth Opportunity with Low Market Share in Higher Growth Attractive Markets

Reflects long-term strategy of the pro forma combined company following the acquisition of First Foundation on April 1, 2026.

1Defined as MSAs with population over 2 million.

FirstSun Capital Bancorp | 17

FirstSun Capital Bancorp | 18

FirstSun closed its merger with First Foundation on April 1, 2026

Financial statement information is historical for First Foundation and does not include any acquisition accounting adjustments

Q1 Net interest income impacts:

($8.3M) amortization of hedge premium vs. ($5.6M) for Q4

($10M) interest income impact due to average balance reduction of ~ $450M of SNC's and ~

$225M of Multifamily

$4.5M interest expense impact from reduced deposit balances

Q1 Noninterest income impacts:

$1M increase to $1.2M for deposit fees related to one-way exchange deposits

$0.9M increase to $0.6M for capital markets activities related to loans HFS

$0.9M increase to ($1.6M) on certain equity investments

Merger related costs were $0.8M for Q1 2026 and $6.1M for Q4 2025

Decline in ACL primarily attributable to a SNC charge-off in 1Q26 (partially reserved in 2025) as well as overall reduction in loan balances

Wholesale deposits decrease of approx. $600M in Q1

Commentary

As of and for the three months ended

($ in thousands)

March 31,

2026

December 31,

2025

March 31,

2025

Income Statement:

Net interest income

$ 31,166

$ 39,444

$ 51,799

Provision for credit losses

818

(6,522)

3,417

Noninterest income

11,912

8,914

19,602

Noninterest expense

55,670

62,888

61,721

Provision (benefit) for income taxes

(633)

Net (loss) income

(13,410)

(8,040)

6,896

Balance Sheet:

Total assets

$ 11,363,510

$ 11,904,077

$ 12,588,397

Total loans

6,485,074

6,990,626

8,996,786

Allowance for credit losses (ACL)

76,535

93,850

35,200

Total securities, net

2,914,746

3,064,808

2,209,884

Core deposit intangibles

2,146

2,400

3,245

Deposits

8,756,293

9,284,570

9,561,645

Borrowings

1,603,490

1,604,040

1,847,788

Total shareholders' equity

904,609

912,587

1,060,611

Key information:

Net interest margin

1.07 %

1.36 %

1.67 %

Net charge-offs to average loans outstanding

1.18%

0.01%

Allowance for credit losses to loans

1.23%

1.39%

0.46%

Nonperforming assets to total assets

0.31%

0.37%

0.36%

Assets under management ("AUM")

$ 4,834,721

$ 5,069,481

$ 5,059,004

FirstSun Capital Bancorp | 19

Balance Sheet Repositioning Progress

Pro Forma Combined Financial Information After Repositioning

($ in millions)

Targeted at Merger Announcement

Completed by FFWM through March 31,

2026

Planned for Q2 2026

(Preliminary)

Total

Assets:

Loans:

Shared National Credit $ 650

$ 660

$ 60

$ 720

Multifamily 1,185

350

850

1,200

Public Finance 470

390

400

Total loans2 2,305

1,020

1,300

2,320

Securities 500

1,250

Cash 600

850

Subtotal $ 3,405

$ 1,020

$ 3,400

$ 4,420

Liabilities:

Deposits $ 2,005

$ 1,020

$ 2,000

$ 3,020

Borrowings 1,400

1,400

Subtotal $ 3,405

$ 1,020

$ 3,400

$ 4,420

($ in millions)

FSUN

as of March 31,

2026

FFWM

as of March 31,

2026

Planned Remaining Repositioning (Preliminary)

Pro Forma Combined3

Loans

$ 7,084

$ 6,485

$ (1,300)

$ 12,269

Securities

492

2,915

(1,250)

2,157

Cash

414

1,744

(850)

1,308

Total assets

8,565

11,364

(3,400)

16,529

Deposits

7,088

8,756

(2,000)

13,844

Borrowings

112

1,603

(1,400)

315

Total liabilities

7,390

10,459

(3,400)

14,449

1 Estimated impact of the planned balance sheet repositioning is for illustrative purposes only. Pro forma data includes forward-looking expectations with respect to additional planned balance sheet repositioning. There is no assurance that we will complete our additional planned balance sheet repositioning efforts when expected or at all. See the information set forth under "Pro Forma Data" on slide 3 of this presentation.

2 Total loan repositioning was approximately 44% complete as of March 31, 2026, which is calculated based on total planned repositioning.

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3Excludes acquisition-related purchase accounting adjustments with respect to FFWM and assumes planned remaining repositioning was completed as of March 31, 2026.

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Firstsun Capital Bancorp published this content on April 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 27, 2026 at 21:41 UTC.