Firstsun Capital - FSUN STOCK NEWS

FirstSun Capital Bancorp (FSUN) has scheduled the release of its first quarter 2025 financial results on Monday, April 28, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, April 29, 2025, at 11:00 a.m. ET.

Investors can access the earnings results through FirstSun's website News section. For the conference call, participants can dial (833) 470-1428 (US toll-free) or (404) 975-4839 (other locations) with conference ID 208162. A live webcast will be available on FirstSun's Events and Presentation webpage, with an audio replay accessible after the event.

Sunflower Bank, an $8.1 billion financial institution, has appointed Jason Petz as Regional President for Colorado. Petz brings over 20 years of banking experience and will oversee the bank's management and growth in the Colorado region.

Previously, Petz served as U.S. Head of Business Banking Sales at a global bank, managing 14 Market Presidents across 32 states. He will be based at Sunflower Bank's Denver Tech Center in Greenwood Village.

Sunflower Bank operates eleven full-service branches across Colorado, including locations in Denver, Boulder, Broomfield, Golden, Greenwood Village, Longmont, Cañon City, Monte Vista, and Pueblo. The bank provides comprehensive services including commercial banking, treasury management, personal banking, mortgage lending, private banking, and wealth management across Arizona, California, Colorado, Kansas, New Mexico, Texas, and Washington.

Good Good Golf has secured a significant $45 million funding round led by Creator Sports Capital, with participation from Manhattan West, Sunflower Bank, and Peyton Manning's Omaha Productions. The investment will support the company's global expansion across content, retail, and live experiences.

Founded in 2020 by Garrett Clark and Matt Kendrick, Good Good Golf has grown into a major golf media and lifestyle brand with over 1.75 million YouTube subscribers. The company has established partnerships with Dick's Sporting Goods and Callaway, developing premium golf gear and maintaining a successful direct-to-consumer business.

The brand collaborates with NBC Sports and GOLF Channel on live-televised tournaments like the Good Good Desert Knockout. Good Good Golf also holds an ownership stake in L.A. Golf Club and maintains professional golfer sponsorships, demonstrating its growing influence in the sport.

Sunflower Bank has appointed Bo Scott as Executive Vice President and Chief Banking Officer at its Dallas headquarters. Scott will oversee the strategy, management, and growth of middle market efforts across all regional markets. The $8.1 billion bank operates in Texas, Arizona, California, Colorado, Kansas, New Mexico, and Washington, offering specialty commercial services and mortgage lending in 43 states.

Scott brings over 25 years of banking experience, previously serving as President and Chief Banking Officer at a Denver-based organization. He is a U.S. Army veteran with service in Haiti and Bosnia. In his new role, he will collaborate with regional business leaders and Brian Walsh, Chief Lending Officer, to expand commercial business in Southwestern and Western markets.

The bank's regional structure provides clients access to specialized services including treasury management, asset-based lending, public finance, industry-specific financing, private banking, wealth management, and mortgage lending.

FirstSun Capital Bancorp (NASDAQ: FSUN) reported Q4 2024 net income of $16.4 million ($0.58 per diluted share), compared to $24.0 million in Q4 2023. Adjusted net income was $24.3 million ($0.86 per diluted share).

Key Q4 2024 metrics include:

• Net interest margin of 4.11%
• Return on average total assets of 0.81% (adjusted 1.21%)
• Return on average stockholders' equity of 6.25% (adjusted 9.30%)
• Average deposit growth of 3.0% annualized
• Noninterest income at 21.9% of total revenue

Full Year 2024 highlights include net income of $75.6 million ($2.69 per diluted share), net interest margin of 4.06%, loan growth of 1.7%, and average deposit growth of 5.8%. The bank maintains strong capital ratios with common equity tier 1 at 13.18% and total risk-based capital at 15.42%.

FirstSun Capital Bancorp and HomeStreet, Inc. announced that regulatory approvals necessary for their planned merger have not been obtained, with regulators requesting FirstSun and Sunflower Bank to withdraw their merger applications. The companies are now discussing alternative regulatory structures for the merger, while also considering terms for potential termination if no alternative is feasible. HomeStreet confirmed no specific regulatory concerns were related to their operations. FirstSun cited a more challenging external environment for bank mergers as a contributing factor, particularly following industry events earlier this year.

FirstSun Capital Bancorp reported Q3 2024 net income of $22.4 million ($0.79 per diluted share), compared to $25.2 million ($1.00 per share) in Q3 2023. The quarter saw a net interest margin of 4.10%, loan growth of 6.7% annualized, and deposit growth of 1.8% annualized. The results were impacted by $1.2 million in merger costs. Key metrics include return on average total assets of 1.13% and return on average stockholders' equity of 8.79%. Net interest income increased by $3.3 million to $76.2 million, while noninterest income decreased by $1.2 million to $22.1 million.

FirstSun Capital Bancorp (NASDAQ: FSUN) reported strong Q2 2024 results with net income of $24.6 million, or $0.88 per diluted share. Key highlights include:

- Net interest margin of 4.02%
- Return on average total assets of 1.26%
- Return on average stockholders' equity of 10.03%
- Loan growth of 3.3% annualized
- Deposit growth of 10.8% annualized
- Noninterest income to total revenue at 24.2%

The company maintained a strong capital position with a common equity tier 1 risk-based capital ratio of 12.80%. FirstSun successfully uplisted to Nasdaq on July 12, 2024, which is expected to provide better access to capital markets.

FirstSun Capital Bancorp, the holding company for Sunflower Bank, has announced its approval to list its common stock on the Nasdaq Global Select Market. Trading is set to commence on July 12, 2024, under the ticker symbol FSUN. Previously, the company's shares were traded on the OTCQX. Shareholders do not need to take any action due to this uplisting. CEO Neal Arnold highlighted this move as a significant milestone, emphasizing the enhanced transparency and broader investor base that Nasdaq offers.