FirstSun Capital Bancorp ( (FSUN) ) has released its Q1 earnings. Here is a breakdown of the information FirstSun Capital Bancorp presented to its investors.
FirstSun Capital Bancorp, headquartered in Denver, Colorado, operates as a financial holding company for Sunflower Bank, N.A., providing a wide range of financial services across personal, business, and wealth management sectors in seven states, with mortgage capabilities in 43 states.
In the first quarter of 2025, FirstSun Capital Bancorp reported a significant increase in net income, reaching $23.6 million, or $0.83 per diluted share, compared to $12.3 million, or $0.45 per diluted share, in the same period of 2024. This growth was supported by strong performances in net interest margin, deposit, and loan growth, as well as the opening of new branches in Southern California.
Key financial metrics for the quarter included a net interest margin of 4.07%, a return on average total assets of 1.20%, and a return on average stockholders’ equity of 9.03%. The company also saw annualized loan growth of 6.8% and deposit growth of 12.3%. Noninterest income contributed 22.6% to total revenue, reflecting a slight increase from the previous quarter.
Despite a challenging banking environment, FirstSun Capital Bancorp continues to focus on expanding its commercial and industrial loan portfolio and strengthening its presence in key markets. The company maintains strong capital ratios, with a common equity tier 1 risk-based capital ratio of 13.26% and a total risk-based capital ratio of 15.52%.
Looking ahead, FirstSun Capital Bancorp aims to leverage its diverse business operations to sustain growth and deliver robust financial results, while navigating the uncertainties of the economic and interest rate environment.