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0001709442FALSE00017094422026-04-272026-04-27

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 27, 2026

FIRSTSUN CAPITAL BANCORP
(Exact name of registrant as specified in its charter)

Delaware
001-42175
81-4552413
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)
1400 16th Street, Suite 250
Denver, Colorado 80202
(Address of principal executive offices and zip code)

(303) 831-6704
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange
 on which registered
Voting Common
Stock, $.0001 Par Value
FSUN
Nasdaq Global
Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17CFR § 230.405) or 12b-2 of the Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company ☒    



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02 Results of Operations and Financial Condition.
On July 27, 2026, FirstSun Capital Bancorp (the “Company”) issued an earnings press release announcing financial results for the second quarter ended June 30, 2026. The earnings press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01 Regulation FD Information.
    On July 27, 2026, the Company made available on its website an investor presentation regarding the Company’s financial results for the second quarter ended June 30, 2026, which will be used in connection with an earnings conference call for investors and analysts at 11:00 a.m. (ET) on Tuesday, July 28, 2026 and at upcoming investor conferences. The investor presentation is furnished as Exhibit 99.2.
Item 8.01 Other Events.
    On July 24, 2026, the Company’s board of directors authorized a share repurchase program to purchase up to $150.0 million of the Company’s common stock in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, pricing, and amount of any repurchases under the repurchase program will be determined by our management at its discretion based on a variety of factors, including, but not limited to, trading volume and market price of the Company’s common stock, corporate considerations, the Company’s financial performance, alternative uses for capital, general market and economic conditions, legal and regulatory requirements, and other factors. The repurchase program is authorized through June 30, 2027, although it may be modified, discontinued, or suspended at any time without prior notice. The repurchase program does not obligate the Company to purchase any shares.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibit index lists the exhibits that are either filed or furnished with this Current Report on Form 8-K:
EXHIBIT INDEX
Exhibit Number
Description
99.1
99.2
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



FIRSTSUN CAPITAL BANCORP
Date: July 27, 2026
By:
/s/ Robert A. Cafera, Jr.
Name:
Robert A. Cafera, Jr.
Title:
Senior Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)

EX-99.1 2 exhibit991-earningspressre.htm EX-99.1 Document
fscb-horizontallogox01.jpg

FirstSun Capital Bancorp Reports Second Quarter 2026 Results and
Board of Directors Authorizes $150 Million Share Repurchase Program
Second Quarter 2026 Highlights:
•Completed previously announced merger with First Foundation, Inc. (“First Foundation”), acquiring net loans of $6.0 billion, total assets of $11.2 billion, and total deposits of $8.8 billion, net of purchase accounting adjustments
•Completed remaining merger-related balance sheet repositioning strategy of $3.9 billion comprised of $1.2 billion in cash, $1.4 billion in securities, $1.3 billion in loans, $2.5 billion in deposits, and $1.4 billion in borrowings
•Net interest margin of 3.58%
•22.2% noninterest income to total revenue1
•Net (loss) income of $(22.9) million, $(0.49) per diluted share (adjusted, $21.0 million, $0.45 per diluted share, see “Non-GAAP Financial Measures and Reconciliations” below)
•Return on average total assets of (0.54)% (adjusted, 0.50%, see “Non-GAAP Financial Measures and Reconciliations” below)
•Return on average stockholders’ equity of (4.92)% (adjusted, 4.52%, see “Non-GAAP Financial Measures and Reconciliations” below)
Denver, Colorado – July 27, 2026 – FirstSun Capital Bancorp (“FirstSun”) (NASDAQ: FSUN) reported net loss of $(22.9) million for the second quarter of 2026 compared to net income of $26.4 million for the second quarter of 2025. Earnings per diluted share were $(0.49) for the second quarter of 2026 compared to $0.93 for the second quarter of 2025. Adjusted net income, a non-GAAP financial measure, was $21.0 million or $0.45 per diluted share for the second quarter of 2026 compared to $26.6 million or $0.94 per diluted share for the second quarter of 2025.
On April 1, 2026, we completed our merger with First Foundation and its results of operations are included in our consolidated financial results since the date of acquisition. Therefore, our second quarter and first half of 2026 results reflect increased levels of average balances, net interest income, and expenses compared to our prior quarter and first half of 2025. After purchase accounting adjustments, the acquisition added $11.2 billion of total assets, including $6.0 billion of net loans, as well as $10.5 billion of total liabilities, primarily consisting of $8.8 billion in deposits. We recorded preliminary goodwill of $9.1 million and core deposit intangibles and other intangibles of $90.2 million related to the acquisition. During the second quarter of 2026, we incurred $57.6 million in merger related expenses.
During the second quarter of 2026, we completed our previously announced balance sheet repositioning strategy, involving the sale or run-off of select First Foundation loans and securities and using proceeds from such sales and paydowns as well as other available cash and equivalents to reduce higher-cost funding sources. Our balance sheet repositioning strategy was designed to strengthen our capital position, enhance our credit profile, improve our liquidity, and support a more diversified, relationship-focused business model. Our balance sheet repositioning strategy resulted in the liquidation of assets, namely $1.2 billion in cash, $1.4 billion in securities, $1.3 billion in loans, the proceeds of which were used to reduce liabilities, namely $2.5 billion in deposits, and $1.4 billion in borrowings.
Neal Arnold, FirstSun’s Chief Executive Officer and President, commented, “The completion of the First Foundation acquisition in the second quarter marked a transformational milestone for our company. We have accelerated our growth strategy and expanded our footprint across some of the most dynamic markets in the country. In the second quarter, we also successfully completed the repositioning strategy and reduced the risk profile of the balance sheet we acquired. We believe the franchise is stronger, with less concentration risk, less liquidity risk, less interest rate sensitivity, and a stronger capital profile as a result of the repositioning actions. While we experienced a decline in our financial results this quarter due to two large loan charge-offs and the merger and integration expenses
1 Total revenue is net interest income plus noninterest income.





we incurred in conjunction with completing the First Foundation acquisition, we believe our core business remains strong and we believe we are well positioned for future success.
“I want to thank all of our teammates for their diligence, professionalism and commitment to the hard work of integrating the businesses and continuing to serve our great clients and communities. We remain very excited about the growth opportunities across all of our markets as we continue building a premier regional bank.”
Share Repurchase Program
Our board of directors has authorized a share repurchase program to purchase up to $150.0 million of FirstSun’s common stock in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, pricing, and amount of any repurchases under the repurchase program will be determined by our management at its discretion based on a variety of factors, including, but not limited to, trading volume and market price of our common stock, corporate considerations, our financial performance, alternative uses for capital, general market and economic conditions, legal and regulatory requirements, and other factors. The repurchase program is authorized through June 30, 2027, although it may be modified, discontinued, or suspended at any time without prior notice. The repurchase program does not obligate FirstSun to purchase any shares.
Second Quarter 2026 Results

Net loss totaled $(22.9) million, or $(0.49) per diluted share, for the second quarter of 2026, compared to $21.6 million, or $0.76 per diluted share, for the prior quarter. Adjusted net income, a non-GAAP financial measure, totaled $21.0 million, or $0.45 per diluted share, for the second quarter of 2026, compared to $23.7 million, or $0.84 per diluted share, for the prior quarter.

Return on average total assets was (0.54)% for the second quarter of 2026, compared to 1.04% for the prior quarter, and return on average stockholders’ equity was (4.92)% for the second quarter of 2026, compared to 7.47% for the prior quarter. Adjusted return on average total assets and adjusted return on average stockholders’ equity, each a non-GAAP financial measure, were 0.50% and 4.52% respectively for the second quarter of 2026 compared to 1.14% and 8.20% respectively for the prior quarter.

Net Interest Income and Net Interest Margin
Net interest income totaled $143.2 million for the second quarter of 2026, an increase of $60.4 million compared to the prior quarter. Our net interest margin decreased 67 basis points to 3.58% compared to the prior quarter.
Average loans, including loans held-for-sale, increased by $5.8 billion in the second quarter of 2026, compared to the prior quarter, due primarily to loans acquired from First Foundation. Loan yield decreased by 20 basis points to 6.16% in the second quarter of 2026, compared to the prior quarter, reflecting a change in portfolio mix resulting from the addition of lower-yielding primarily public finance and multifamily loans acquired from First Foundation. Average investment securities increased by $1.6 billion in the second quarter of 2026, compared to the prior quarter, due primarily to securities acquired from First Foundation. Investment securities yield increased by 150 basis points to 4.80% in the second quarter of 2026, compared to the prior quarter, primarily reflecting a change in portfolio mix resulting from the addition of higher-yielding fixed and floating investment securities acquired from First Foundation. Average interest-bearing cash and other assets increased by $700.9 million in the second quarter of 2026, compared to the prior quarter. Interest-bearing cash and other assets yield decreased by 16 basis points to 3.20% in the second quarter of 2026, compared to the prior quarter, primarily reflecting a change in the composition of interest-bearing cash and other assets resulting from the First Foundation acquisition.
Average interest-bearing deposits increased $6.4 billion in the second quarter of 2026, compared to the prior quarter, due primarily to deposits assumed from First Foundation. Total cost of interest-bearing deposits increased by 31 basis points to 2.77% in the second quarter of 2026, compared to the prior quarter, primarily reflecting the addition of higher-cost, non-core deposits acquired from First Foundation.

2




Asset Quality and Provision for Credit Losses
The provision for credit losses increased $32.2 million to $40.4 million for the second quarter of 2026, compared to the prior quarter, primarily related to the downgrades and write-downs of two C&I lending relationships.
Net charge-offs for the second quarter of 2026 were $42.4 million resulting in an annualized ratio of net charge-offs to average loans of 1.45%, compared to net charge-offs of $10.6 million, or an annualized ratio of net charge-offs to average loans of 0.63% for the prior quarter. The increase in charge-offs for the second quarter of 2026 was primarily related to two C&I loans. The first is an asset-based loan to a materials distributor with an outstanding principal balance of approximately $23.6 million at June 30, 2026. Based on current information, we believe the borrower made fraudulent misrepresentations about its accounts receivable, collateral and historical financial statements and, as a result, in the second quarter of 2026, we recognized an approximate $22.0 million charge-off on this loan, or an annualized net charge-off of 0.75%. The second is a loan to a technology company with an outstanding principal balance of approximately $16.0 million at June 30, 2026. Based on recent developments impacting the borrower’s business, including deterioration in the borrower’s financial performance in the second quarter, we recognized a $12.9 million charge-off on this loan in the second quarter of 2026.
In connection with the acquisition of First Foundation, we recorded an initial allowance for credit losses of $92.5 million using the gross up approach, comprised of a $39 million reserve for purchased credit deteriorated loans that exhibited a more-than-insignificant amount of credit deterioration since origination and a $53.5 million reserve on purchased seasoned loans. The allowance for credit losses as a percentage of loans outstanding was 1.50% at June 30, 2026, an increase of 30 basis points from the prior quarter. The ratio of nonperforming assets to total assets was 1.32% at June 30, 2026, compared to 0.82% at March 31, 2026.
Noninterest Income
Noninterest income totaled $40.9 million for the second quarter of 2026, an increase of $13.8 million from the prior quarter. Income from trust and investment advisory fees increased $7.9 million for the second quarter of 2026 from the prior quarter, primarily due to higher assets under management associated with the acquisition of First Foundation. Income from mortgage banking services increased $1.6 million for the second quarter of 2026 from the prior quarter, primarily due to an increase in loan originations sold and corresponding capitalized servicing rights as well as slower balance runoff in the servicing portfolio. Other noninterest income increased $3.3 million for the second quarter of 2026 from the prior quarter, primarily due to an increase in the fair value of investments related to our deferred compensation plan partially offset by a write-down of an OREO property.
Noninterest income as a percentage of total revenue2 was 22.2% for the second quarter of 2026, a decrease of 2.5% from the prior quarter.
Noninterest Expense
Noninterest expense totaled $171.7 million for the second quarter of 2026, an increase of $96.4 million from the prior quarter. Merger related expenses increased $54.9 million in the second quarter of 2026 from the prior quarter. Salary and employee benefits increased $21.4 million in the second quarter of 2026 from the prior quarter, primarily due to an increase in headcount associated with the acquisition of First Foundation. Other noninterest expense increased $8.1 million in the second quarter of 2026 from the prior quarter, primarily due to higher data processing and FDIC insurance expenses associated with our increased scale following the acquisition of First Foundation.
The efficiency ratio for the second quarter of 2026 was 93.25% compared to 68.52% for the prior quarter. The adjusted efficiency ratio, a non-GAAP financial measure, for the second quarter of 2026 was 61.99% compared to 66.08% for the prior quarter.
Tax Rate
The effective tax rate was 18.3% for the second quarter of 2026, compared to 18.1% for the prior quarter.
2 Total revenue is net interest income plus noninterest income.
3




Loans
Loans were $11.6 billion at June 30, 2026, compared to $6.9 billion at March 31, 2026, an increase of $4.6 billion, or 267.5% on an annualized basis, due primarily to the acquisition of First Foundation. Loans, excluding the impact of acquired First Foundation loans, net of repositioning, a non-GAAP financial measure, decreased $105.5 million in the second quarter of 2026, or 6.0% on an annualized basis from the prior quarter. See “Non-GAAP Financial Measures and Reconciliations” below.
Deposits
Deposits were $13.4 billion at June 30, 2026, compared to $7.1 billion at March 31, 2026, an increase of $6.3 billion in the second quarter of 2026, or 358.3% on an annualized basis, due primarily to the acquisition of First Foundation. Deposits, excluding the impact of acquired First Foundation deposits, net of repositioning, a non-GAAP financial measure, increased $83.9 million in the second quarter of 2026, or 4.8% on an annualized basis from the prior quarter. See “Non-GAAP Financial Measures and Reconciliations” below.
Average deposits were $14.5 billion for the second quarter of 2026, compared to $7.0 billion for the prior quarter, an increase of $7.4 billion or 424.8% on an annualized basis. Average deposits, excluding the impact of acquired First Foundation deposits, net of repositioning, a non-GAAP financial measure, increased $226.5 million in the second quarter of 2026, or 12.9% on an annualized basis from the prior quarter. See “Non-GAAP Financial Measures and Reconciliations” below.
Noninterest-bearing deposit accounts represented 19.9% of total deposits at June 30, 2026 and our loan to deposit ratio was 86.2% at June 30, 2026.
The ratio of total uninsured deposits to total deposits was estimated to be 31.6% at June 30, 2026. The ratio of total uninsured and uncollateralized deposits to total deposits was estimated to be 28.0% at June 30, 2026.3
Capital
Capital ratios remain strong and above “well-capitalized” thresholds. As of June 30, 2026, our common equity tier 1 risk-based capital ratio was 11.95%, total risk-based capital ratio was 14.13% and tier 1 leverage ratio was 9.47%. Book value per share was $39.29 at June 30, 2026, a decrease of $2.79 from March 31, 2026. Tangible book value per share, a non-GAAP financial measure, was $35.16 at June 30, 2026, a decrease of $3.41 from March 31, 2026. See “Non-GAAP Financial Measures and Reconciliations” below.
3 Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A.
4




Non-GAAP Financial Measures
This press release (including the tables beginning on page 17) contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). Our management uses these non-GAAP financial measures in their analysis of our performance and the efficiency of our operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. We believe a meaningful analysis of our financial performance requires an understanding of the factors underlying that performance. Our management believes investors may find these non-GAAP financial measures useful. 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. Below is a listing of the non-GAAP measures used in this press release:
•Tangible stockholders’ equity to tangible assets;
•Tangible stockholders’ equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax;
•Tangible book value per share;
•Adjusted net income;
•Adjusted diluted earnings per share;
•Adjusted return on average total assets;
•Adjusted return on average stockholders’ equity;
•Return on average tangible stockholders’ equity;
•Adjusted return on average tangible stockholders’ equity;
•Adjusted total noninterest expense;
•Adjusted efficiency ratio; and
•Fully tax equivalent (“FTE”) net interest income and net interest margin.
•Adjusted loan growth
•Adjusted deposit growth
The tables beginning on page 17 provide a reconciliation of the non-GAAP financial measures contained in this press release to the most comparable GAAP equivalent.
About FirstSun
FirstSun Capital Bancorp (“FirstSun”) (NASDAQ: FSUN), headquartered in Denver, Colorado, is the financial holding company for wholly owned subsidiaries including Sunflower Bank, N.A. and First Foundation Advisors. Through its subsidiaries and affiliated entities, FirstSun provides a full range of relationship-focused services to meet personal, business, and wealth management financial objectives, with depository branches in ten states and mortgage capabilities in 44 states. FirstSun had total consolidated assets of $15.7 billion as of June 30, 2026.
To learn more visit ir.firstsuncb.com or SunflowerBank.com.
Investor Earnings Conference Call
FirstSun will host a conference call on Tuesday, July 28, 2026 at 11:00 a.m. (ET) to discuss its second quarter 2026 financial results.
Participants may join by phone by dialing (833) 461-5787 for toll-free within the US and (585) 542-9983 for all other locations. The conference Meeting ID is 239801426. The numbers for international participants are available here: https://help.events.q4inc.com/eahc/international-dial-in-numbers.
An audio replay of the live call, and the accompanying presentation slides, will be available following the live event on the “Events & Presentations page” of FirstSun’s website at https://ir.firstsuncb.com/overview/default.aspx.
5




Deposits Classification
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding our markets, our merger with First Foundation, including our belief regarding the benefits of the merger and our recently completed balance sheet repositioning on our franchise, the strength of our core business, our ability to drive growth, and that we are well positioned for future success. These statements reflect management’s current expectations and are not guarantees of future performance. Words such as “focus,” “confident,” “may,” “will,” “believe,” “anticipate,” “expect,” “intend,” “opportunity,” “continue,” “should,” “could,” “excited,” “progress” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the following: changes in interest rates and their related impact on macroeconomic conditions, customer behavior, our funding costs and our loan and securities portfolios; the quality or composition of our loan or investment portfolios and changes therein; failure to maintain our mortgage production flow to secondary markets; the sufficiency of liquidity and changes in our capital position; the inability of our infrastructure initiatives to reduce expenses; increased deposit volatility; potential regulatory developments; U.S. and global trade policies and tensions, including change in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom; ongoing geopolitical conflicts, including hostilities involving Iran and the Middle East, which may contribute to volatility in energy prices, inflation, financial markets, cybersecurity threats, and broader macroeconomic conditions, any of which could adversely affect our borrowers, deposit base, liquidity, capital and results of operation; the possibility that the anticipated benefits of the First Foundation merger, including anticipated cost savings and strategic gains, are not realized when expected or at all; the integration of the businesses and operations of FirstSun and First Foundation may take longer than anticipated or be more costly than anticipated or have unanticipated adverse results relating to the combined company’s business; the diversion of management’s attention from ongoing business operations and opportunities due to the First Foundation merger; other factors, many of which are beyond our control.
We caution readers that the foregoing list of factors is not exclusive, is not necessarily in order of importance and readers should not place undue reliance on any forward-looking statements. Additional information concerning additional factors that could materially affect the forward-looking statements in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in FirstSun’s Annual Report on Form 10-K for the year ended December 31, 2025 and other documents subsequently filed by FirstSun with the SEC. Further, any forward-looking statement speaks only as of the date on which it is made and we do not intend to and disclaim any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.
6




Summary Data:
As of and for the three months ended
($ in thousands, except per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Net interest income $ 143,195  $ 82,779  $ 83,461  $ 80,953  $ 78,499 
Provision for credit losses 40,400  8,250  6,200  10,100  4,500 
Noninterest income 40,948  27,175  26,744  26,333  27,073 
Noninterest expense 171,712  75,341  72,041  68,901  68,110 
(Loss) income before income taxes (27,969) 26,363  31,964  28,285  32,962 
(Benefit) provision for income taxes (5,119) 4,780  7,157  5,111  6,576 
Net (loss) income (22,850) 21,583  24,807  23,174  26,386 
Adjusted net income1
21,021  23,673  26,923  23,412  26,601 
Weighted average common shares outstanding, basic 46,673,555  27,851,041  27,839,044  27,801,255  27,783,710 
Weighted average common shares outstanding, diluted 46,673,555  28,316,608  28,262,530  28,291,778  28,232,319 
Diluted (loss) earnings per share $ (0.49) $ 0.76  $ 0.88  $ 0.82  $ 0.93 
Adjusted diluted earnings per share1
0.45  0.84  0.95  0.83  0.94 
Return on average total assets (0.54) % 1.04  % 1.17  % 1.09  % 1.28  %
Adjusted return on average total assets1
0.50  % 1.14  % 1.27  % 1.10  % 1.29  %
Return on average stockholders' equity (4.92) % 7.47  % 8.58  % 8.22  % 9.74  %
Adjusted return on average stockholders' equity1
4.52  % 8.20  % 9.31  % 8.31  % 9.82  %
Return on average tangible stockholders' equity1
(4.69) % 8.31  % 9.58  % 9.20  % 10.91  %
Adjusted return on average tangible stockholders' equity1
5.86  % 9.10  % 10.38  % 9.30  % 11.00  %
Net interest margin 3.58  % 4.25  % 4.18  % 4.07  % 4.07  %
Net interest margin (FTE basis)1
3.63  % 4.31  % 4.23  % 4.12  % 4.13  %
Efficiency ratio 93.25  % 68.52  % 65.37  % 64.22  % 64.52  %
Adjusted efficiency ratio1
61.99  % 66.08  % 63.36  % 64.00  % 64.25  %
Noninterest income to total revenue2
22.2  % 24.7  % 24.3  % 24.5  % 25.6  %
Total assets $ 15,717,985  $ 8,565,123  $ 8,485,162  $ 8,495,437  $ 8,435,861 
Loans held-for-sale 140,706  144,407  100,539  85,250  90,781 
Loans held-for-investment 11,568,443  6,939,972  6,673,180  6,681,629  6,507,066 
Total deposits 13,418,004  7,087,513  7,107,356  7,105,415  7,100,164 
Total stockholders' equity 1,837,392  1,175,507  1,153,356  1,127,513  1,095,402 
Loan to deposit ratio 86.2  % 97.9  % 93.9  % 94.0  % 91.6  %
Period end common shares outstanding 46,765,434  27,935,888  27,887,337  27,854,764  27,834,525 
Book value per share $ 39.29  $ 42.08  $ 41.36  $ 40.48  $ 39.35 
Tangible book value per share1
35.16  38.57  37.83  36.92  35.77 
1 Represents a non-GAAP financial measure. See the tables beginning on page 17 for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.
2 Total revenue is net interest income plus noninterest income.
7




Summary Data (cont’d):
As of and for the six months ended
($ in thousands, except per share amounts) June 30,
2026		 June 30,
2025
Net interest income $ 225,974  $ 152,977 
Provision for credit losses 48,650  8,300 
Noninterest income 68,123  48,802 
Noninterest expense 247,053  130,832 
(Loss) income before income taxes (1,606) 62,647 
(Benefit) provision for income taxes (339) 12,692 
Net (loss) income (1,267) 49,955 
Adjusted net income1
44,694  50,170 
Weighted average common shares outstanding, basic 37,314,285  27,753,098 
Weighted average common shares outstanding, diluted 37,314,285  28,263,943 
Diluted (loss) earnings per share $ (0.03) $ 1.77 
Adjusted diluted earnings per share1
$ 1.20  $ 1.78 
Return on average total assets (0.02) % 1.24  %
Adjusted return on average total assets1
0.71  % 1.25  %
Return on average stockholders' equity (0.17) % 9.39  %
Adjusted return on average stockholders’ equity1
5.93  % 9.43  %
Return on average tangible stockholders' equity1
0.36  % 10.55  %
Adjusted return on average tangible stockholders' equity1
7.12  % 10.60  %
Net interest margin 3.80  % 4.07  %
Net interest margin (FTE basis)1
3.85  % 4.13  %
Efficiency ratio 84.00  % 64.84  %
Adjusted efficiency ratio1
63.52  % 64.70  %
Noninterest income to total revenue2
23.2  % 24.2  %
Total assets $ 15,717,985  $ 8,435,861 
Loans held-for-sale 140,706  90,781 
Loans held-for-investment 11,568,443  6,507,066 
Total deposits 13,418,004  7,100,164 
Total stockholders' equity 1,837,392  1,095,402 
Loan to deposit ratio 86.2  % 91.6  %
Period end common shares outstanding 46,765,434  27,834,525 
Book value per share $ 39.29  $ 39.35 
Tangible book value per share1
$ 35.16  $ 35.77 
1 Represents a non-GAAP financial measure. See the tables beginning on page 17 for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.
2 Total revenue is net interest income plus noninterest income.
    
8




Condensed Consolidated Statements of Income (Unaudited):
For the three months ended
For the six months ended
($ in thousands, except per share amounts) June 30,
2026		 June 30,
2025		 June 30,
2026		 June 30,
2025
Total interest income $ 230,016  $ 116,921  $ 346,142  $ 227,368 
Total interest expense 86,821  38,422  120,168  74,391 
Net interest income 143,195  78,499  225,974  152,977 
Provision for credit losses 40,400  4,500  48,650  8,300 
Net interest income after credit loss expense 102,795  73,999  177,324  144,677 
Noninterest income:
Deposit account service fees 2,292  2,016  4,388  4,043 
Treasury management service fees 5,067  4,333  9,680  8,527 
Credit and debit card fees 2,952  2,728  5,665  5,314 
Trust and investment advisory fees 9,413  1,473  10,902  2,894 
Mortgage banking services, net 15,958  13,274  30,273  22,329 
Other noninterest income 5,266  3,249  7,215  5,695 
Total noninterest income 40,948  27,073  68,123  48,802 
Noninterest expense:
Salary and employee benefits 68,744  43,921  116,100  83,482 
Occupancy, equipment and software 15,504  9,541  25,510  19,077 
Customer service costs 2,742  —  2,742  — 
Amortization and impairment of intangible assets 4,237  578  4,744  1,206 
Merger related expenses 57,559  285  60,240  285 
Other noninterest expenses 22,926  13,785  37,717  26,782 
Total noninterest expense 171,712  68,110  247,053  130,832 
(Loss) income before income taxes (27,969) 32,962  (1,606) 62,647 
(Benefit) provision for income taxes (5,119) 6,576  (339) 12,692 
Net (loss) income $ (22,850) $ 26,386  $ (1,267) $ 49,955 
(Loss) earnings per share - basic $ (0.49) $ 0.95  $ (0.03) $ 1.80 
(Loss) earnings per share - diluted (0.49) 0.93  $ (0.03) $ 1.77 















9





Condensed Consolidated Statements of Income (Unaudited) (cont’d):
For the three months ended
($ in thousands, except per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Total interest income $ 230,016  $ 116,126  $ 119,273  $ 121,128  $ 116,921 
Total interest expense 86,821  33,347  35,812  40,175  38,422 
Net interest income 143,195  82,779  83,461  80,953  78,499 
Provision for credit losses 40,400  8,250  6,200  10,100  4,500 
Net interest income after credit loss expense 102,795  74,529  77,261  70,853  73,999 
Noninterest income:
Deposit account service fees 2,292  2,096  2,116  2,162  2,016 
Treasury management service fees 5,067  4,613  4,544  4,402  4,333 
Credit and debit card fees 2,952  2,713  2,744  2,671  2,728 
Trust and investment advisory fees 9,413  1,489  1,515  1,536  1,473 
Mortgage banking services, net 15,958  14,315  12,102  12,641  13,274 
Other noninterest income 5,266  1,949  3,723  2,921  3,249 
Total noninterest income 40,948  27,175  26,744  26,333  27,073 
Noninterest expense:
Salary and employee benefits 68,744  47,356  43,520  44,822  43,921 
Occupancy, equipment and software 15,504  10,006  9,576  9,591  9,541 
Customer service costs 2,742  —  —  —  — 
Amortization and impairment of intangible assets 4,237  507  628  578  578 
Merger related expenses 57,559  2,681  2,217  241  285 
Other noninterest expenses 22,926  14,791  16,100  13,669  13,785 
Total noninterest expense 171,712  75,341  72,041  68,901  68,110 
(Loss) income before income taxes (27,969) 26,363  31,964  28,285  32,962 
(Benefit) provision for income taxes (5,119) 4,780  7,157  5,111  6,576 
Net (loss) income $ (22,850) $ 21,583  $ 24,807  $ 23,174  $ 26,386 
(Loss) earnings per share - basic $ (0.49) $ 0.77  $ 0.89  $ 0.83  $ 0.95 
(Loss) earnings per share - diluted (0.49) 0.76  0.88  0.82  0.93 
10




Condensed Consolidated Balance Sheets as of (Unaudited):
($ in thousands) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Assets
Cash and cash equivalents $ 989,511  $ 413,732  $ 652,592  $ 659,899  $ 785,115 
Securities available-for-sale, at fair value 1,907,374  458,543  468,970  476,114  473,468 
Securities held-to-maturity 33,274  33,553  33,839  34,247  34,581 
Loans held-for-sale, at fair value 140,706  144,407  100,539  85,250  90,781 
Loans 11,568,443  6,939,972  6,673,180  6,681,629  6,507,066 
Allowance for credit losses (173,551) (82,955) (85,016) (84,040) (82,993)
Loans, net 11,394,892  6,857,017  6,588,164  6,597,589  6,424,073 
Mortgage servicing rights, at fair value 99,736  88,993  86,651  85,695  84,736 
Premises and equipment, net 118,967  81,138  81,523  81,886  82,248 
Other real estate owned and foreclosed assets, net 16,808  10,908  11,514  13,418  13,052 
Goodwill 102,536  93,483  93,483  93,483  93,483 
Core deposits and other intangible assets, net 90,452  4,476  4,983  5,650  6,228 
Other assets 823,729  378,873  362,904  362,206  348,096 
Total assets $ 15,717,985  $ 8,565,123  $ 8,485,162  $ 8,495,437  $ 8,435,861 
Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Noninterest-bearing accounts $ 2,673,289  $ 1,599,919  $ 1,651,373  $ 1,674,497  $ 1,706,678 
Interest-bearing accounts:
Demand and NOW 2,869,439  1,569,910  1,483,841  1,457,886  1,485,058 
Savings 2,409,906  387,140  378,631  386,235  397,120 
Money market 3,453,761  2,318,768  2,301,837  2,233,309  2,082,043 
Certificates of deposit 2,011,609  1,211,776  1,291,674  1,353,488  1,429,265 
Total deposits 13,418,004  7,087,513  7,107,356  7,105,415  7,100,164 
Securities sold under agreements to repurchase 17,475  7,670  11,160  9,824  11,173 
Federal Home Loan Bank advances —  75,000  —  —  — 
Subordinated debt, net 205,256  36,754  36,680  76,163  76,066 
Other liabilities 239,858  182,679  176,610  176,522  153,056 
Total liabilities 13,880,593  7,389,616  7,331,806  7,367,924  7,340,459 
Stockholders' equity:
Preferred stock —  —  —  —  — 
Common stock 5  3  3  3  3 
Additional paid-in capital 1,238,000  550,709  549,617  548,952  547,950 
Retained earnings 629,819  652,669  631,086  606,279  583,105 
Accumulated other comprehensive loss, net (30,432) (27,874) (27,350) (27,721) (35,656)
Total stockholders' equity 1,837,392  1,175,507  1,153,356  1,127,513  1,095,402 
Total liabilities and stockholders' equity $ 15,717,985  $ 8,565,123  $ 8,485,162  $ 8,495,437  $ 8,435,861 




11




Consolidated Capital Ratios as of:
June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Stockholders' equity to total assets 11.69  % 13.72  % 13.59  % 13.27  % 12.99  %
Tangible stockholders' equity to tangible assets1
10.59  % 12.73  % 12.58  % 12.25  % 11.94  %
Tangible stockholders' equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax1, 2
10.57  % 12.69  % 12.54  % 12.21  % 11.90  %
Tier 1 leverage ratio 9.47  % 13.06  % 12.75  % 12.44  % 12.39  %
Common equity tier 1 risk-based capital ratio 11.95  % 13.77  % 14.12  % 13.79  % 13.78  %
Tier 1 risk-based capital ratio 11.95  % 13.77  % 14.12  % 13.79  % 13.78  %
Total risk-based capital ratio 14.13  % 15.29  % 15.73  % 15.81  % 15.94  %
1 Represents a non-GAAP financial measure. See the tables beginning on page 17 for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.
2 Tangible stockholders’ equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax.
12




Summary of Net Interest Margin:
For the three months ended
For the six months ended
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025
(In thousands) Average Balance Average Yield/Rate Average Balance Average Yield/Rate Average Balance Average Yield/Rate Average Balance Average Yield/Rate
Interest Earning Assets
Loans1
$ 12,694,317  6.16  % $ 6,620,493  6.43  % $ 9,792,021  6.23  % $ 6,521,154  6.39  %
Investment securities 2,093,214  4.80  % 510,350  3.48  % 1,300,988  4.51  % 506,103  3.51  %
Interest-bearing cash and other assets 1,244,337  3.20  % 596,713  4.28  % 895,720  3.25  % 549,050  4.32  %
Total earning assets 16,031,868  5.75  % 7,727,556  6.07  % 11,988,729  5.82  % 7,576,307  6.05  %
Other assets 962,089  537,156  743,804  543,032 
Total assets $ 16,993,957  $ 8,264,712  $ 12,732,533  $ 8,119,339 
Interest-bearing liabilities
Demand and NOW deposits $ 3,012,754  2.06  % $ 1,518,316  1.77  % $ 2,273,546  1.94  % $ 1,495,079  1.71  %
Savings deposits 2,428,253  2.70  % 401,093  0.58  % 1,410,791  2.40  % 400,948  0.58  %
Money market deposits 3,611,570  2.97  % 1,934,487  3.28  % 2,955,179  2.92  % 1,813,344  3.19  %
Certificates of deposit 2,798,815  3.35  % 1,504,235  3.76  % 2,007,012  3.34  % 1,525,814  3.84  %
Total deposits 11,851,392  2.77  % 5,358,131  2.78  % 8,646,528  2.67  % 5,235,185  2.76  %
Repurchase agreements 23,468  2.61  % 9,024  1.61  % 16,628  2.34  % 9,318  1.59  %
Total deposits and repurchase agreements 11,874,860  2.77  % 5,367,155  2.78  % 8,663,156  2.67  % 5,244,503  2.76  %
FHLB borrowings 149,374  3.97  % 2,308  4.72  % 75,646  3.95  % 15,823  4.61  %
Other long-term borrowings 204,667  6.46  % 76,025  6.19  % 121,157  6.36  % 75,966  6.31  %
Total interest-bearing liabilities 12,228,901  2.85  % 5,445,488  2.83  % 8,859,959  2.74  % 5,336,292  2.81  %
Noninterest-bearing deposits 2,622,311  1,587,302  2,125,679  1,559,878 
Other liabilities 278,849  145,064  227,357  150,172 
Stockholders' equity 1,863,896  1,086,858  1,519,538  1,072,997 
Total liabilities and stockholders' equity $ 16,993,957  $ 8,264,712  $ 12,732,533  $ 8,119,339 
Net interest spread 2.90  % 3.24  % 3.08  % 3.24  %
Net interest margin 3.58  % 4.07  % 3.80  % 4.07  %
Net interest margin (on FTE basis)2
3.63  % 4.13  % 3.85  % 4.13  %
1 Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale.
2 Represents a non-GAAP financial measure. See the tables beginning on page 17 for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.
13




Summary of Net Interest Margin (cont’d ):
For the three months ended
June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025
(In thousands) Average Balance Average Yield/Rate Average Balance Average Yield/Rate Average Balance Average Yield/Rate Average Balance Average Yield/Rate Average Balance Average Yield/Rate
Interest Earning Assets
Loans1
$ 12,694,317  6.16  % $ 6,857,477  6.36  % $ 6,825,404  6.37  % $ 6,667,158  6.49  % $ 6,620,493  6.43  %
Investment securities 2,093,214  4.80  % 499,792  3.30  % 506,964  3.35  % 505,999  3.43  % 510,350  3.48  %
Interest-bearing cash and other assets 1,244,337  3.20  % 543,396  3.36  % 583,717  3.68  % 714,885  4.25  % 596,713  4.28  %
Total earning assets 16,031,868  5.75  % 7,900,665  5.96  % 7,916,085  5.98  % 7,888,042  6.09  % 7,727,556  6.07  %
Other assets 962,089  523,094  519,607  540,079  537,156 
Total assets $ 16,993,957  $ 8,423,759  $ 8,435,692  $ 8,428,121  $ 8,264,712 
Interest-bearing liabilities
Demand and NOW deposits $ 3,012,754  2.06  % $ 1,526,124  1.69  % $ 1,464,053  1.75  % $ 1,437,298  1.89  % $ 1,518,316  1.77  %
Savings deposits 2,428,253  2.70  % 382,025  0.50  % 381,978  0.55  % 391,444  0.59  % 401,093  0.58  %
Money market deposits 3,611,570  2.97  % 2,291,494  2.84  % 2,247,034  2.99  % 2,211,754  3.28  % 1,934,487  3.28  %
Certificates of deposit 2,798,815  3.35  % 1,206,411  3.32  % 1,284,200  3.49  % 1,397,371  3.64  % 1,504,235  3.76  %
Total deposits 11,851,392  2.77  % 5,406,054  2.46  % 5,377,265  2.60  % 5,437,867  2.81  % 5,358,131  2.78  %
Repurchase agreements 23,468  2.61  % 9,712  1.70  % 9,146  1.71  % 8,055  1.82  % 9,024  1.61  %
Total deposits and repurchase agreements 11,874,860  2.77  % 5,415,766  2.46  % 5,386,411  2.60  % 5,445,922  2.81  % 5,367,155  2.78  %
FHLB borrowings 149,374  3.97  % 1,100  3.12  % —  —  % —  —  % 2,308  4.72  %
Other long-term borrowings 204,667  6.46  % 36,719  5.72  % 36,650  5.82  % 76,117  8.41  % 76,025  6.19  %
Total interest-bearing liabilities 12,228,901  2.85  % 5,453,585  2.48  % 5,423,061  2.62  % 5,522,039  2.89  % 5,445,488  2.83  %
Noninterest-bearing deposits 2,622,311  1,623,528  1,698,126  1,642,346  1,587,302 
Other liabilities 278,849  175,292  167,658  145,730  145,064 
Stockholders' equity 1,863,896  1,171,354  1,146,847  1,118,006  1,086,858 
Total liabilities and stockholders' equity $ 16,993,957  $ 8,423,759  $ 8,435,692  $ 8,428,121  $ 8,264,712 
Net interest spread 2.90  % 3.48  % 3.36  % 3.20  % 3.24  %
Net interest margin 3.58  % 4.25  % 4.18  % 4.07  % 4.07  %
Net interest margin (on FTE basis)2
3.63  % 4.31  % 4.23  % 4.12  % 4.13  %
1 Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale.
2 Represents a non-GAAP financial measure. See the tables beginning on page 17 for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.
14




Deposits as of:
($ in thousands) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Consumer
Noninterest-bearing deposit accounts $ 1,000,584  $ 410,296  $ 404,666  $ 412,568  $ 426,909 
Interest-bearing deposit accounts:
Demand and NOW 937,796  607,465  590,535  598,499  610,623 
Savings 1,917,926  313,910  308,655  314,954  322,672 
Money market 2,039,795  1,397,890  1,400,593  1,416,258  1,306,140 
Certificates of deposit 1,044,959  793,503  809,401  869,077  937,439 
Total interest-bearing deposit accounts 5,940,476  3,112,768  3,109,184  3,198,788  3,176,874 
Total consumer deposits $ 6,941,060  $ 3,523,064  $ 3,513,850  $ 3,611,356  $ 3,603,783 
Business
Noninterest-bearing deposit accounts $ 1,672,705  $ 1,189,623  $ 1,246,707  $ 1,261,929  $ 1,279,769 
Interest-bearing deposit accounts:
Demand and NOW 1,905,387  962,445  893,306  859,387  874,435 
Savings 434,076  73,230  69,976  71,281  74,448 
Money market 1,413,966  920,878  901,244  817,051  775,903 
Certificates of deposit 103,360  51,940  57,349  57,225  56,930 
Total interest-bearing deposit accounts 3,856,789  2,008,493  1,921,875  1,804,944  1,781,716 
Total business deposits $ 5,529,494  $ 3,198,116  $ 3,168,582  $ 3,066,873  $ 3,061,485 
Wholesale deposits1
$ 947,450  $ 366,333  $ 424,924  $ 427,186  $ 434,896 
Total deposits $ 13,418,004  $ 7,087,513  $ 7,107,356  $ 7,105,415  $ 7,100,164 
1 Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit.
Balance Sheet Ratios as of:
June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Cash to total assets1
6.2  % 4.7  % 7.6  % 7.7  % 9.2  %
Loan to deposit ratio 86.2  % 97.9  % 93.9  % 94.0  % 91.6  %
Uninsured deposits to total deposits2
31.6  % 35.4  % 36.6  % 36.2  % 37.0  %
Uninsured and uncollateralized deposits to total deposits2
28.0  % 28.6  % 29.0  % 28.3  % 28.3  %
Wholesale deposits and borrowings to total liabilities3
6.8  % 6.0  % 5.8  % 5.8  % 5.9  %
1 Cash consists of unencumbered cash and amounts due from banks and interest-bearing deposits with other financial institutions.
2 Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.
3 Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. Wholesale borrowings consist of FHLB overnight and term advances.
15




Loan Portfolio as of:
($ in thousands) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Commercial and industrial1
$ 3,579,772  $ 3,160,777  $ 2,937,867  $ 2,945,697  $ 2,779,767 
Commercial real estate:
Non-owner occupied 1,195,172  778,778  742,002  725,425  705,749 
Owner occupied 951,226  694,190  700,774  668,172  660,334 
Construction and land 218,441  280,781  268,652  343,803  383,969 
Multifamily 2,613,194  227,980  210,368  183,504  134,520 
Total commercial real estate 4,978,033  1,981,729  1,921,796  1,920,904  1,884,572 
Residential real estate2
1,913,575  1,216,810  1,221,086  1,209,742  1,226,760 
Public Finance 957,556  494,539  501,582  516,247  524,441 
Consumer 29,569  31,875  32,651  38,931  42,881 
Other 114,047  54,242  58,198  50,108  48,645 
Loans, excluding loan hedge fair value 11,572,552  6,939,972  6,673,180  6,681,629  6,507,066 
Loan hedge fair value3
(4,109) —  —  —  — 
Loans $ 11,568,443  $ 6,939,972  $ 6,673,180  $ 6,681,629  $ 6,507,066 
1As of September 30, 2025, loans to nondepository financial institutions are now included within commercial and industrial. Prior period amounts have been reclassified to conform to the current presentation.
2 Includes 1-4 family residential construction.
3 Represents fair value hedge basis adjustments related to active portfolio layer method hedges, which are not allocated to individual loans.
Asset Quality:
As of and for the three months ended
($ in thousands) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025
Net charge-offs (recoveries) $ 42,404  $ 10,561  $ 5,024  $ 9,053  $ 13,547 
Allowance for credit losses 173,551  82,955  85,016  84,040  82,993 
Nonperforming loans, including nonaccrual loans, and accrual loans greater than 90 days past due 190,115  59,656  60,771  69,641  54,841 
Nonperforming assets 206,923  70,564  72,285  83,059  67,893 
Ratio of net charge-offs (recoveries) to average loans outstanding 1.45  % 0.63  % 0.30  % 0.55  % 0.83  %
Allowance for credit losses to loans outstanding 1.50  % 1.20  % 1.27  % 1.26  % 1.28  %
Allowance for credit losses to nonperforming loans 91.29  % 139.06  % 139.90  % 120.68  % 151.33  %
Nonperforming loans to loans 1.64  % 0.86  % 0.91  % 1.04  % 0.84  %
Nonperforming assets to total assets 1.32  % 0.82  % 0.85  % 0.98  % 0.80  %


16




Non-GAAP Financial Measures and Reconciliations:
As of and for the three months ended
As of and for the six months ended
($ in thousands, except share and per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025		 June 30,
2026		 June 30,
2025
Tangible stockholders’ equity to tangible assets:
Total stockholders' equity (GAAP) $ 1,837,392  $ 1,175,507  $ 1,153,356  $ 1,127,513  $ 1,095,402  $ 1,837,392  $ 1,095,402 
Less: Goodwill and other intangible assets
Goodwill (102,536) (93,483) (93,483) (93,483) (93,483) (102,536) (93,483)
Other intangible assets (90,452) (4,476) (4,983) (5,650) (6,228) (90,452) (6,228)
Tangible stockholders' equity (non-GAAP) $ 1,644,404  $ 1,077,548  $ 1,054,890  $ 1,028,380  $ 995,691  $ 1,644,404  $ 995,691 
Total assets (GAAP) $ 15,717,985  $ 8,565,123  $ 8,485,162  $ 8,495,437  $ 8,435,861  $ 15,717,985  $ 8,435,861 
Less: Goodwill and other intangible assets
Goodwill (102,536) (93,483) (93,483) (93,483) (93,483) (102,536) (93,483)
Other intangible assets (90,452) (4,476) (4,983) (5,650) (6,228) (90,452) (6,228)
Tangible assets (non-GAAP) $ 15,524,997  $ 8,467,164  $ 8,386,696  $ 8,396,304  $ 8,336,150  $ 15,524,997  $ 8,336,150 
Total stockholders' equity to total assets (GAAP) 11.69  % 13.72  % 13.59  % 13.27  % 12.99  % 11.69  % 12.99  %
Less: Impact of goodwill and other intangible assets (1.10) % (0.99) % (1.01) % (1.02) % (1.05) % (1.10) % (1.05) %
Tangible stockholders' equity to tangible assets (non-GAAP) 10.59  % 12.73  % 12.58  % 12.25  % 11.94  % 10.59  % 11.94  %
Tangible stockholders’ equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:
Tangible stockholders' equity (non-GAAP) $ 1,644,404  $ 1,077,548  $ 1,054,890  $ 1,028,380  $ 995,691  $ 1,644,404  $ 995,691 
Less: Net unrealized losses on HTM securities, net of tax (3,553) (3,407) (3,320) (3,432) (4,238) (3,553) (4,238)
Tangible stockholders’ equity less net unrealized losses on HTM securities, net of tax (non-GAAP) $ 1,640,851  $ 1,074,141  $ 1,051,570  $ 1,024,948  $ 991,453  $ 1,640,851  $ 991,453 
Tangible assets (non-GAAP) $ 15,524,997  $ 8,467,164  $ 8,386,696  $ 8,396,304  $ 8,336,150  $ 15,524,997  $ 8,336,150 
Less: Net unrealized losses on HTM securities, net of tax (3,553) (3,407) (3,320) (3,432) (4,238) (3,553) (4,238)
Tangible assets less net unrealized losses on HTM securities, net of tax (non-GAAP) $ 15,521,444  $ 8,463,757  $ 8,383,376  $ 8,392,872  $ 8,331,912  $ 15,521,444  $ 8,331,912 
Tangible stockholders’ equity to tangible assets (non-GAAP) 10.59  % 12.73  % 12.58  % 12.25  % 11.94  % 10.59  % 11.94  %
Less: Impact of net unrealized losses on HTM securities, net of tax (0.02) % (0.04) % (0.04) % (0.04) % (0.04) % (0.02) % (0.04) %
Tangible stockholders’ equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax (non-GAAP) 10.57  % 12.69  % 12.54  % 12.21  % 11.90  % 10.57  % 11.90  %
17




Non-GAAP Financial Measures and Reconciliations:
As of and for the three months ended
As of and for the six months ended
($ in thousands, except share and per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025		 June 30,
2026		 June 30,
2025
Tangible book value per share:
Total stockholders' equity (GAAP) $ 1,837,392  $ 1,175,507  $ 1,153,356  $ 1,127,513  $ 1,095,402  $ 1,837,392  $ 1,095,402 
Tangible stockholders' equity (non-GAAP) 1,644,404  1,077,548  1,054,890  1,028,380  995,691  $ 1,644,404  $ 995,691 
Total shares outstanding 46,765,434  27,935,888  27,887,337  27,854,764  27,834,525  46,765,434  27,834,525 
Book value per share (GAAP) $ 39.29  $ 42.08  $ 41.36  $ 40.48  $ 39.35  $ 39.29  $ 39.35 
Tangible book value per share (non-GAAP) $ 35.16  $ 38.57  $ 37.83  $ 36.92  $ 35.77  $ 35.16  $ 35.77 
Adjusted net income:
Net (loss) income (GAAP) $ (22,850) $ 21,583  $ 24,807  $ 23,174  $ 26,386  $ (1,267) $ 49,955 
Add: Adjustments
Merger related expenses, net of tax 43,871  2,090  2,116  238  215  45,961  215 
Total adjustments, net of tax 43,871  2,090  2,116  238  215  45,961  215 
Adjusted net income (non-GAAP) $ 21,021  $ 23,673  $ 26,923  $ 23,412  $ 26,601  $ 44,694  $ 50,170 
Adjusted diluted earnings per share:
Diluted (loss) earnings per share (GAAP) $ (0.49) $ 0.76  $ 0.88  $ 0.82  $ 0.93  $ (0.03) $ 1.77 
Add: Impact of adjustments
Merger related expenses, net of tax 0.94  0.08  0.07  0.01  0.01  1.23  0.01 
Adjusted diluted earnings per share (non-GAAP) $ 0.45  $ 0.84  $ 0.95  $ 0.83  $ 0.94  $ 1.20  $ 1.78 
Adjusted return on average total assets:
Return on average total assets (ROAA) (GAAP) (0.54) % 1.04  % 1.17  % 1.09  % 1.28  % (0.02) % 1.24  %
Add: Impact of adjustments
Merger related expenses, net of tax 1.04  % 0.10  % 0.10  % 0.01  % 0.01  % 0.73  % 0.01  %
Adjusted ROAA (non-GAAP) 0.50  % 1.14  % 1.27  % 1.10  % 1.29  % 0.71  % 1.25  %
Adjusted return on average stockholders’ equity:
Return on average stockholders' equity (ROAE) (GAAP) (4.92) % 7.47  % 8.58  % 8.22  % 9.74  % (0.17) % 9.39  %
Add: Impact of adjustments
Merger related expenses, net of tax 9.44  % 0.73  % 0.73  % 0.09  % 0.08  % 6.10  % 0.04  %
Adjusted ROAE (non-GAAP) 4.52  % 8.20  % 9.31  % 8.31  % 9.82  % 5.93  % 9.43  %
18




Non-GAAP Financial Measures and Reconciliations:
As of and for the three months ended
As of and for the six months ended
($ in thousands, except share and per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025		 June 30,
2026		 June 30,
2025
Return on average tangible stockholders’ equity
Return on average stockholders’ equity (ROAE) (GAAP) (4.92) % 7.47  % 8.58  % 8.22  % 9.74  % (0.17) % 9.39  %
Add: Impact from goodwill and other intangible assets
Goodwill (0.57) % 0.69  % 0.81  % 0.81  % 0.98  % (0.02) % 0.97  %
Other intangible assets 0.80  % 0.15  % 0.19  % 0.17  % 0.19  % 0.55  % 0.19  %
Return on average tangible stockholders’ equity (ROATE) (non-GAAP) (4.69) % 8.31  % 9.58  % 9.20  % 10.91  % 0.36  % 10.55  %
Adjusted return on average tangible stockholders’ equity:
Return on average tangible stockholders' equity (ROATE) (non-GAAP) (4.69) % 8.31  % 9.58  % 9.20  % 10.91  % 0.36  % 10.55  %
Add: Impact of adjustments
Merger related expenses, net of tax 10.55  % 0.79  % 0.80  % 0.10  % 0.09  % 6.75  % 0.04  %
Adjusted ROATE (non-GAAP) 5.86  % 9.10  % 10.38  % 9.30  % 11.00  % 7.12  % 10.60  %
Adjusted total noninterest expense:
Total noninterest expense (GAAP) $ 171,712  $ 75,341  $ 72,041  $ 68,901  $ 68,110  $ 247,053  $ 130,832 
Less: Adjustments:
Merger related expenses (57,559) (2,681) (2,217) (241) (285) (60,240) (285)
Total adjustments (57,559) (2,681) (2,217) (241) (285) (60,240) (285)
Adjusted total noninterest expense (non-GAAP) $ 114,153  $ 72,660  $ 69,824  $ 68,660  $ 67,825  $ 186,813  $ 130,547 
Adjusted efficiency ratio:
Efficiency ratio (GAAP) 93.25  % 68.52  % 65.37  % 64.22  % 64.52  % 84.00  % 64.84  %
Less: Impact of adjustments
Merger related expenses (31.26) % (2.44) % (2.01) % (0.22) % (0.27) % (20.48) % (0.14) %
Adjusted efficiency ratio (non-GAAP) 61.99  % 66.08  % 63.36  % 64.00  % 64.25  % 63.52  % 64.70  %
Fully tax equivalent (“FTE”) net interest income and net interest margin:
Net interest income (GAAP) $ 143,195  $ 82,779  $ 83,461  $ 80,953  $ 78,499  $ 225,974  $ 152,977 
Gross income effect of tax exempt income 2,198  1,198  1,156  1,225  1,204  3,396  2,396 
FTE net interest income (non-GAAP) $ 145,393  $ 83,977  $ 84,617  $ 82,178  $ 79,703  $ 229,370  $ 155,373 
Average earning assets $ 16,031,868  $ 7,900,665  $ 7,916,085  $ 7,888,042  $ 7,727,556  $ 11,988,729  $ 7,576,307 
Net interest margin 3.58  % 4.25  % 4.18  % 4.07  % 4.07  % 3.80  % 4.07  %
Net interest margin on FTE basis (non-GAAP) 3.63  % 4.31  % 4.23  % 4.12  % 4.13  % 3.85  % 4.13  %
19




Non-GAAP Financial Measures and Reconciliations:
As of and for the three months ended
As of and for the six months ended
($ in thousands, except share and per share amounts) June 30,
2026		 March 31,
2026		 December 31,
2025		 September 30,
2025		 June 30,
2025		 June 30,
2026		 June 30,
2025
Adjusted loan growth
Total loans (GAAP) $ 11,568,443  $ 6,939,972  $ 6,673,180  $ 6,681,629  $ 6,507,066  $ 11,568,443  $ 6,507,066 
Less: Acquired loans at date of merger, net of purchase accounting discounts (6,068,491) —  —  —  —  (6,068,491) — 
Add: Loans downsized 1,334,483  —  —  —  —  1,334,483  — 
Total loans, excluding acquired loans, net of downsizing (non-GAAP) $ 6,834,435  $ 6,939,972  $ 6,673,180  $ 6,681,629  $ 6,507,066  $ 6,834,435  $ 6,507,066 
Adjusted deposit growth
Total deposits (GAAP) $ 13,418,004  $ 7,087,513  $ 7,107,356  $ 7,105,415  $ 7,100,164  $ 13,418,004  $ 7,100,164 
Less: Acquired deposits at date of merger, net of purchase accounting discounts (8,772,082) —  —  —  —  (8,772,082) — 
Add: Deposits downsized 2,525,448  —  —  —  —  2,525,448  — 
Total deposits, excluding acquired deposits, net of downsizing (non-GAAP) $ 7,171,370  $ 7,087,513  $ 7,107,356  $ 7,105,415  $ 7,100,164  $ 7,171,370  $ 7,100,164 
20




Contacts:
Investor Contact:
Ed Jacques
Director of Investor Relations & Business Development, FirstSun
Investor.Relations@firstsuncb.com

Media Contact:
Jeanne Lipson
Director of Marketing, Sunflower Bank
Jeanne.Lipson@SunflowerBank.com
21
EX-99.2 3 a2q26earningspresentatio.htm EX-99.2 a2q26earningspresentatio
2Q2026 Earnings Presentation July 27, 2026 FirstSun Capital Bancorp NASDAQ: FSUN

 
FirstSun Capital Bancorp | 2 Disclaimers Forward-Looking Statements This presentation contains forward-looking information and statements by FirstSun Capital Bancorp (“FirstSun” or the “Company”) within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of words such as “believe”, “expect”, “anticipate”, “plan”, “project”, “intend”, “estimate”, “may”, “will”, “would”, “could”, “should”, “assume”, “assumptions”, “view”, “continue”, “opportunity”, “strategic emphasis,” “seek to,” and “outlook” or other similar expressions, and in this presentation include statements regarding our strategy, our merger with First Foundation Inc. (“First Foundation” or “FFWM”), our outlook regarding our loan portfolio, deposit mix, net interest income, noninterest income, noninterest expense, asset quality, liquidity and capital priorities, as well as statements on the slide entitled “2026 Full Year Financial Outlook,” including our full year 2026 outlook, Q4 2026 outlook, key assumptions and further expectations. Forward-looking statements are subject to risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the following: changes in interest rates and their related impact on macroeconomic conditions, customer behavior, our funding costs and our loan and securities portfolios; the quality or composition of our loan or investment portfolios and changes therein; failure to maintain our mortgage production flow to secondary markets; the sufficiency of liquidity and changes in our capital position; the inability of our infrastructure initiatives to reduce expenses; increased deposit volatility; potential regulatory developments; U.S. and global trade policies and tensions, including change in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom; ongoing geopolitical conflicts, including hostilities involving Iran and the Middle East, which may contribute to volatility in energy prices, inflation, financial markets, cybersecurity threats, and broader macroeconomic conditions, any of which could adversely affect our borrowers, deposit base, liquidity, capital and results of operation; the possibility that the anticipated benefits of the First Foundation merger, including anticipated cost savings and strategic gains, are not realized when expected or at all; the integration of the businesses and operations of FirstSun and First Foundation may take longer than anticipated or be more costly than anticipated or have unanticipated adverse results relating to the combined company’s business; the diversion of management’s attention from ongoing business operations and opportunities due to the First Foundation merger; other factors, many of which are beyond our control. We caution readers that the foregoing list of factors is not exclusive, is not necessarily in order of importance and readers should not place undue reliance on any forward-looking statements. Additional information concerning additional factors that could materially affect the forward-looking statements in this presentation can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in FirstSun’s Annual Report on Form 10-K for the year ended December 31, 2025 and other documents subsequently filed by FirstSun with the SEC. Further, any forward-looking statement speaks only as of the date on which it is made and we do not intend to and disclaim any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. 2026 Full Year and Q4 2026 Outlook and 2027 Further Expectations - Basis and Limitations Our 2026 Full Year and Q4 2026 Financial Outlook and 2027 Further Expectations reflect management’s current expectations regarding certain financial and operating metrics and related key assumptions and further expectations as of July 27, 2026. Unless otherwise noted, outlook metrics represent full-year expectations and includes nine months impact of the First Foundation merger that closed on April 1, 2026. The outlook includes preliminary estimates of acquisition-related purchase accounting adjustments with respect to the First Foundation merger, which are subject to change. The outlook and further expectations are provided for convenience and should not be regarded as a guarantee of future results. Actual results, conditions or outcomes may differ materially. See “Forward-Looking Statements” in the above heading. We undertake no obligation to update or affirm the outlook or further expectations, except as required by law. Forward-looking non-GAAP measures appearing in the 2026 Full Year and Q4 2026 Financial Outlook should be read together with “Use of Non-GAAP Measures.”

 
FirstSun Capital Bancorp | 3 Disclaimers (cont’d) Use of Non-GAAP Measures 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. Deposits Classification 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. Market, Industry and Statistical Data 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 Corporate Profile1 Operating in six of the Top 10 Fastest Growing MSAs2 # 1 Austin, TX 2 Dallas, TX 3 Orlando, FL 4 Charlotte, NC 5 Houston, TX 6 Tampa, FL 7 Nashville, TN 8 San Antonio, TX 9 Phoenix, AZ 10 Atlanta, GA With a Presence in seven of the 10 Largest MSAs in the Southwest & Western US3 # 1 Southern CA4 2 Dallas, TX 3 Houston, TX 4 Phoenix, AZ 5 Ontario, CA 6 San Francisco, CA 7 Seattle, WA 8 Minneapolis, MN 9 San Diego, CA 10 Denver, CO 1,630 Full-Time Employees 99 Full Service Branches 44 States with Mortgage Capabilities Headquarters: FirstSun: Denver, CO Sunflower Bank: Dallas, TX Key Facts and Statistics $1.7B $38.78 1.10x $35.16 12.63x Market Cap Price per Share Price / TBV5 TBV per Share5 Price / LTM Adjusted Diluted EPS5 KBRA Ratings5 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. 1 As of June 30, 2026. 2MSAs with leading household income and growth with a population currently over 2 million. 3Defined as states west of the Mississippi River. 4The MSA of Southern California includes Los Angeles, Long Beach, and Anaheim; excludes San Diego and Ontario, CA. 5As of Oct 31, 2025. 6Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. $15.7B Total Assets $13.4B Total Deposits $11.6B Loans HFI Franchise Footprint Key Facts and Statistics $1.7B $38.78 1.10x $35.16 9.19x Market Cap Price per Share Price / TBV5 TBV per Share5 Market Cap / LTM Adjusted PTPP Net Income5 Key Facts and Statistics $1.7B $38.78 1.10x $35.16 6.10x Market Cap Price per Share Price / TBV6 TBV per Share6 Market Cap / Q2 Annualized Adjusted PTPP Net Income6

 
FirstSun Capital Bancorp | 5 Investment Thesis — Focused Strategy 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 Consistently strong financial service income Tenured management team

 
FirstSun Capital Bancorp | 6 Unique High Growth Franchise Universe Size Attractive Footprint3 Strong Service Fee Revenue Lending Focus Growth ~ 50 Banks 1 Bank Banks with Total Assets $10B - $30B MRQ Service Fee Revenue / Rev. > 20% Specialized C&I Lending1 Loan Growth2 > 10% With scale in six of the top 10 fastest growing MSAs Durable & Growing Earnings Differentiated Platform Strong Growth Momentum Strategic Focus in Key US Markets Attractive core deposit funded franchise with proven ability to deliver strong organic growth 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 June 30, 2026. 3MSAs with leading household income and growth with a population currently over 2 million.

 
FirstSun Capital Bancorp | 7 Second Quarter 2026 Results Net Income $(22.9) million $21.0 million Reported Adjusted1 Diluted EPS $(0.49) $0.45 Reported Adjusted1 PTPP ROAA1 0.29% 1.65% Reported1 Adjusted1 Noninterest Income to Total Revenue3 22.2% ROAA (0.54)% 0.50% Reported Adjusted1 Net Interest Margin 3.58% ROATE1 (4.69)% 5.86% Reported1 Adjusted1 Net Charge-Offs to Average Loans2 1.45% Annualized EOP Loan Growth2 267.5% (6.0)% Reported Adjusted1 Annualized EOP Deposit Growth 358.3% 4.8% Reported Adjusted1 • Completed merger with First Foundation, Inc. on April 1, 2026, acquiring $6.0B of loans, net, $11.2B of total assets, and $8.8B of total deposits, net of purchase accounting adjustments • Completed balance sheet repositioning strategy following First Foundation acquisition totaling: ◦ Asset downsizing ▪ $1.4B of Securities ▪ $1.3B of Loans ▪ $1.2B of Cash ◦ Liability downsizing ▪ $2.5B of Brokered & High Rate Deposits ▪ $1.4B of Borrowings • Loan to deposit ratio of 86.2% at June 30, 2026 • Wholesale funding ratio of 6.8% at June 30, 2026 • Noninterest income to total revenue3 of 22.2% at June 30, 2026 • Efficiency ratio of 93.25%; adjusted efficiency ratio1 of 61.99% 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. 2026 Q2 Highlights

 
FirstSun Capital Bancorp | 8 Efficiency Ratio 84.00% 63.52% Reported Adjusted1 Year-to-Date 2026 Results Net Income $(1.3) million $44.7 million Reported Adjusted1 Diluted EPS $(0.03) $1.20 Reported Adjusted1 PTPP ROAA1 0.75% 1.70% Reported1 Adjusted1 Net Charge-Offs to Average Loans2 1.15% ROAA (0.02)% 0.71% Reported Adjusted1 Noninterest Income to Total Revenue3 23.2% ROATE1 0.36% 7.12% Reported1 Adjusted1 CET1 11.95% Net Interest Margin 3.80% 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. Annualized EOP Deposit Growth 179.1% 3.6% Reported Adjusted1 • Total revenue3 of $294.1 million, a 45.8% increase over YTD Q2 2025 • NIM of 3.80%, down 27 basis points from YTD Q2 2025 • Noninterest income to total revenue3 of 23.2%, down 1.0% from YTD Q2 2025 • Efficiency ratio of 84.00%; adjusted efficiency ratio1 of 63.52% • Loan to deposit ratio of 86.2% at June 30, 2026 • Wholesale funding ratio of 6.8% at June 30, 2026Annualized EOP Loan Growth2 147.9% 9.7% Reported Adjusted1 2026 YTD Highlights

 
FirstSun Capital Bancorp | 9 Repositioning Success Liabilities / Funding Paid Down Earning Assets Liquidated / Downsized Brokered Deposits Multifamily / NOO CRE Loans Higher-Rate / Non-Relationship Deposits Long-Term Public Finance Loans Securities and excess Cash FHLB Borrowings Shared National Credits $5.0 Billion1 First Foundation Liabilities Paid Down $5.0 Billion1 First Foundation Assets Liquidated / Downsized Risk Identification Credit • SNC's are non-relationship and FFWM NDFI loans at 11% of FFWM overall portfolio is above FSUN desired risk threshold • Retention of work-force housing multi-family • Substantial risk reduction via loan sales • Relationship focus Interest Rate Risk + Sensitivity • FFWM standalone is liability sensitive • Risk to rising rates given A/L mix and structures • Long duration in certain loan book elements • Significant reduction in sensitive / short duration funding • Significant reduction in long term fixed rate loans Balance Sheet Liquidity • High levels of wholesale funding • Elevated loan/deposit ratio • Improved wholesale funding ratio • Improved loan/deposit ratio üü ü ü ü ü Repositioning ImpactKey Risk Element 1 From date of acquisition announcement

 
FirstSun Capital Bancorp | 10 First Foundation Acquisition - Combined Company Overview 1 Reflects estimate of pro forma combined company at closing, and assumes the impact net of purchase accounting adjustments and balance sheet repositioning, as estimated at merger announcement on October 27, 2025. 2 The First Foundation acquisition closed on April 1, 2026 and all purchase accounting adjustments are preliminary as of June 30, 2026 and are subject to change until the measurement period is closed. 3 Regulatory CRE consists of commercial and residential construction, multifamily and non-owner occupied CRE. Estimated at Merger Announcement1 At June 30, 2026 Goals Achieved Balance Sheet and Capital Assets $16.5B $15.7B Loans (Ex. HFS) $12.0B $11.6B Deposits $14.2B $13.4B Tangible Common Equity $1.6B $1.6B Loans / Deposits (Ex. HFS) 85.0% 86.2% Wholesale Funding Ratio 9.8% 6.8% TCE / TA 9.6% 10.6% TBV / Share $33.27 $35.16 CET1 Ratio 10.5% 12.0% Reg CRE3 / TRBC 238% 220% • Strategically attractive acquisition ◦ Increased scale, highly attractive So Cal geography, meaningful cost saves, strong noninterest revenue business • Total transaction value of $703.6M at closing • Acquisition-related goodwill and intangibles of $99M, CDI at 1.7% at closing • Merger and integration expenses expected to be ~6% less than estimates at merger announcement • TBV dilution expected to be 10%, down from 14% at announcement: lower merger related expenses and lesser combined fair value adjustments, net of tax impacts, drove improvement • Significant improvement in acquired liquidity, interest rate risk and credit profile: ◦ $5.0B total asset and high-cost funding downsizing to First Foundation balance sheet from date of acquisition announcement ◦ Selective hedging for NII sensitivity ◦ Regulatory CRE3 mix reduced to 220% • Core system conversion scheduled for September 19th Highlights2 ü ü ü ü ü ü ü ü ü ü

 
FirstSun Capital Bancorp | 11 Increased Franchise Scale Loans $6,940 $11,568 FirstSun First Foundation Q1 2026 Q2 2026 $— $5,000 $10,000 $15,000 Securities $492 $1,941 FirstSun First Foundation Q1 2026 Q2 2026 $— $1,000 $2,000 $3,000 Deposits $7,088 $13,418 FirstSun First Foundation Q1 2026 Q2 2026 $— $5,000 $10,000 $15,000 AUM / AUA $1,485 $7,922 FirstSun First Foundation Q1 2026 Q2 2026 $— $5,000 $10,000 Assets $8,565 $15,718 FirstSun First Foundation Q1 2026 Q2 2026 $— $10,000 $20,000 First Foundation Contributions ~ 50,000 ~ 10,000 ~ 1,300 29 Consumer Deposit Accounts Commercial Business Deposit Accounts Wealth Management Relationships Branches Southern California Branch Footprint: 17 Branches LA + Orange Counties combined have a GDP larger than 46 U.S. States Southern California is the second largest deposit market and largest C&I market in the U.S. ($ in millions) ($ in millions) ($ in millions) ($ in millions)

 
FirstSun Capital Bancorp | 12 ($ in millions) Estimated at Merger Announcement At Closing1 (A) Consideration to First Foundation (FFWM) $ 785 $ 704 FFWM Standalone Tangible Equity at Close 920 903 (+) Pre-Tax Fair Value Adjustments Loans Non-Credit Mark (425) (417) Loans Credit Mark (10) (16) Securities Mark (50) (63) Premises & Equipment 11 8 Time Deposits, Borrowings, and Other (43) (30) (+) Pre-Tax Fair Value Adjustments (517) (518) (+) Net Deferred Tax Asset / (Liability) 119 134 (+) Reversal of Valuation Allowance on FFWM DTA 85 109 (B) Adjusted FFWM Standalone Tangible Equity at Close $ 606 $ 628 Excess Over Adjusted Tangible Book Value (A-B) $ 179 $ 76 (-) Core Deposit Intangible (CDI) Created 54 64 (-) Wealth Business Deposit Intangible Created 26 26 (+) Net Deferred Tax Asset / (Liability) (19) (23) Goodwill Created $ 116 $ 9 Purchase Accounting and Repositioning Update Balance Sheet Repositioning2 ($ in millions) Targeted at Merger Announcement Completed by FFWM through March 31, 2026 Completed in Q2 2026 Total Assets: A + B = C Loans: Shared National Credit $ 650 $ 660 $ 96 $ 756 Multifamily 1,185 350 901 1,251 Public Finance 470 10 337 347 Total loans 2,305 1,020 1,334 2,354 Securities 500 — 1,402 1,402 Cash 600 — 1,212 1,212 Subtotal $ 3,405 $ 1,020 $ 3,948 $ 4,968 Liabilities: Deposits $ 2,005 $ 1,020 $ 2,525 $ 3,545 Borrowings 1,400 — 1,423 1,423 Subtotal $ 3,405 $ 1,020 $ 3,948 $ 4,968 Purchase Accounting Snapshot ($ in millions) At Announcement Closing Total Net of Repositioning Total Net of Repositioning Net Fair Value Premiums / (Discounts) Loans Non-Credit Mark $ (425) $ (287) $ (417) $ (310) Loans Credit Mark (10) (10) (16) (16) HTM Securities Mark (50) (23) (63) (53) Premises & Equipment 11 11 8 8 Time Deposits, Borrowings, and Other (43) (14) (34) (10) Deferred Tax Assets, net 185 185 224 224 Total Net Fair Value Discount $ (332) $ (138) $ (298) $ (157) Intangibles Goodwill $ 116 $ 116 $ 9 $ 9 Core Deposits 54 54 62 62 Wealth Customer Relationship 26 26 26 26 Total Intangibles $ 196 $ 196 $ 97 $ 97 * Amounts may not total due to rounding. 1 The First Foundation acquisition closed on April 1, 2026 and all purchase accounting adjustments are preliminary and subject to change until the measurement period is closed. 2 Repositioning consists of the sale, securitization, or run-off of select FFWM loans and securities and using the proceeds from such sales and paydowns and other available cash to reduce higher cost funding sources.

 
FirstSun Capital Bancorp | 13 Loan Portfolio Trends Portfolio Composition 30.9% 8.2% 10.3% 24.5% 16.5% 8.3% 1.3% 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 $ in m ill io ns Originations, Paydowns & Payoffs Loan Originations Loan Paydowns and Payoffs Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $200 $300 $400 $500 $600 Average Total Loans and Yield $6,620 $6,667 $6,825 $6,857 $12,694 6.43% 6.49% 6.37% 6.36% 6.16% 6.75% 6.78% 6.82% 6.72% 6.76% Average Loans HFI + HFS Loan Yield Loan Yield on New Originations Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1 Excluding loans downsized as part of balance sheet repositioning strategy. 2 Reflected net of purchase accounting adjustments, which are preliminary as of June 30, 2026 and are subject to change until the measurement period is closed. ($ in millions) • Strategic emphasis on C&I lending • Seek to maintain variable vs fixed portfolio mix. At June 30, 2026: ◦ ~ 70% variable (~ 58% repricing w/in 1 year): ▪ ~ 37% reprices monthly (< 30 days) ▪ ~ 21% reprices w/in months 2-12 • 4% decrease in line utilization over Q1 • Office CRE composition 2% of loans: NOO of $115.7 million; OO of $148.6 million at June 30, 2026 ◦ Not central business district properties • Loans to nondepository financial institutions are included within C&I and comprise less than 6% of loans at June 30, 2026: 98% pass graded Strategy and Q2 Highlights Q2 2026 Loan Balance Activity (in millions) Q1 2026 Ending Balance $ 6,940 First Foundation acquired loans2 as of 4/1/26 6,068 Loan downsizing2 (1,334) Adjusted loan growth (106) Q2 2026 Ending Balances $ 11,568 QoQ Change $ 4,628 1

 
FirstSun Capital Bancorp | 14 Deposit Trends Average Deposit Composition $14,474 $7,030 $7,075 $7,080 $6,945 Noninterest-bearing Interest-bearing demand and NOW Savings Money market CDs Wholesale Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Cost of Deposits 2.78% 2.81% 2.60% 2.46% 2.77% 2.15% 2.16% 1.98% 1.89% 2.27% Int-bearing deposits Total Deposits Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Loan to Deposit Ratio 91.6% 94.0% 93.9% 97.9% 86.2% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in millions) • Strategic emphasis on high quality diverse relationship-based core deposits to drive organic balance sheet growth • Wholesale funding ratio of 6.8% at June 30, 2026 • Continued mix shift ◦ Average money market, inclusive of wholesale deposits, decreased to 25.0% from 32.6% at Q1 ◦ Average CDs, inclusive of wholesale deposits, increased to 19.3% from 17.2% at Q1 • Commercial business deposits represented 41% of total deposits and represented 63% of non- interest bearing deposits at June 30, 2026 Strategy and Q2 Highlights 23.1% 21.7% 5.4% 32.6% 12.2% 5.0% 24.0% 20.7% 5.4% 31.8% 12.6% 5.5% 23.2% 20.3% 5.6% 31.2% 13.6% 6.1% 22.8% 21.9% 5.8% 27.8% 15.3% 6.4% 18.1% 19.9% 16.8% 23.6% 8.3% 13.3% Beta - Current Cycle (pre-acquisition) = 39%1 Beta - Current Cycle (post-acquisition) = 26%2 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. 2 Change in cost of interest bearing deposits from Q3 2024 to Q2 2026, divided by the cumulative rate cut of 1.75% since the beginning of the current rate-cutting cycle. 3 Reflected net of purchase accounting adjustments, which are preliminary as of June 30, 2026 and are subject to change until the measurement period is closed. Q2 2026 Deposit Balance Activity (in millions) Q1 2026 Ending Balance $ 7,088 First Foundation acquired deposits3 as of 4/1/26 8,772 Deposit downsizing (2,525) Adjusted deposit growth 84 Q2 2026 Ending Balances $ 13,418 QoQ Change $ 6,330

 
FirstSun Capital Bancorp | 15 NIM Bridge 4.25% (1.25)% 0.68% (0.10)% 3.58% Q1 2026 First Foundation Impact Purchase Accounting Adjustments Impact Legacy FirstSun Impact Q2 2026 Loan Yield, NIM, Cost of Funds 6.43% 6.49% 6.37% 6.36% 6.16% 4.07% 4.07% 4.18% 4.25% 3.58% 2.19% 2.22% 2.00% 1.91% 2.34% Loan Yield NIM Cost of Funds Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Interest Income $78,499 $80,953 $83,461 $82,779 $143,195 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Loan Repricing Mix 29% 60% 8% 3% Fixed SOFR Prime Other Net Interest Income & Net Interest Margin Trends ($ in thousands) Strategy and Q2 Highlights 1Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. 2As of June 30, 2026. 3The First Foundation acquisition closed on April 1, 2026 and all purchase accounting adjustments are preliminary as of June 30, 2026 and are subject to change until the measurement period is closed. 4Components of the NIM bridge reflect the changes relative to average total earning assets at each respective period. 4 1 Net Interest Income $78,499 $80,953 $83,461 $82,779 $143,195 NII Net discount accretion Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $— $75,000 $150,000 • Investment securities yield improved from prior quarter by 150 bps to 4.80% • Weighted average coupon on loans sold in Q2 2026 downsizing of 3.94% • Weighted average yield on deposits exited in Q2 2026 downsizing of 4.08% Net Fair Value Marks Impacting NII ($ in millions)3 April 1, 2026 purchase accounting discount, net $ 334 Net accretion income in Q2 27 June 30, 2026 purchase accounting discount, net $ 307 Impact to NIM in Q2 0.68 % 2 NIM Bridge 4.25% (0.64)% 0.43% (0.46)% 3.58% Q1 2026 Loans Investment Securities and IB Cash IB Liabilities Q2 2026

 
FirstSun Capital Bancorp | 16 Market Risk - NII and EVE Sensitivity1 Net Interest Income Economic Value of Equity Change in Interest Rates (basis points) % Change in Economic Value of Equity DN 200 DN 100 Base UP 100 UP 200 (7.5)% (5.0)% (2.5)% —% 2.5% 5.0% Change in Interest Rates (basis points) % Change in Net Interest Income DN 200 DN 100 Base UP 100 UP 200 (7.5)% (5.0)% (2.5)% —% 2.5% 5.0% 1 As of June 30, 2026. The effect on net interest income and economic value of equity over a 12-month time horizon due to hypothetical changes in market interest rates is presented in the charts above. In this interest rate shock simulation, as of the periods presented, interest rates have been adjusted by instantaneous parallel changes rather than in a ramp simulation, which applies interest rate changes over time. All rates, short-term and long-term, are changed by the same amount (e.g., plus or minus 100 basis points) resulting in the shape of the yield curve remaining unchanged. Simulation results are not intended to forecast actual results due to the effect of changes in interest rates. Strategy • Slightly neutral to asset sensitive • Flexible Balance Sheet • We believe we are well positioned for changing interest rates

 
FirstSun Capital Bancorp | 17 Noninterest Income Trends Noninterest Income Composition $40,948 $27,175 $26,744 $26,333 $27,073 $15,958 $14,315 $12,102 $12,641 $13,274 $5,067 $4,613 $4,544 $4,402 $4,333 $2,952 $2,713 $2,744 $2,671 $2,728 $2,292 $2,096 $2,116 $2,162 $2,016 $9,413 $1,489 $1,515 $1,536 $1,473 $5,266 $1,949 $3,723 $2,921 $3,249 Mortgage Banking Services Treasury Management Service Fees Credit and Debit Card Fees Deposit Account Service Fees Trust and Investment Advisory Fees Other Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 ($ in thousands) Strategy and Q2 Highlights 1 At 2Q2026 2 Total revenue is net interest income plus noninterest income. • Strategic emphasis on diversified revenue mix, targeting > 20% noninterest income / total revenue • 44% annualized growth in Mortgage Banking Services revenue over Q1 • Continued strong growth in Treasury Management Service Fees, up 39%, annualized over Q1 • Deferred compensation plan assets FV increased by $1.5M from Q1 Noninterest Income Mix Deposit Account Service Fees 6% Treasury Management Service Fees 12% Credit and Debit Card Fees 7% Trust and Investment Advisory Fees 23% Mortgage Banking Services 39% Other 13% 1 Noninterest Income to Total Revenue2 Q2 2026 22.2 % Q1 2026 24.7 % Q4 2025 24.3 % Q3 2025 24.5 % Q2 2025 25.6 %

 
FirstSun Capital Bancorp | 18 Noninterest Income Trends (cont’d) Q2 Highlights 1Total revenue is net interest income plus noninterest income. • Mortgage ◦ Mortgage banking services income comprised 39.0% of noninterest income ◦ Driven by expanded mortgage gain on sale margin, inclusive of capitalized servicing rights, and slower runoff in servicing rights portfolio in Q2 • Wealth and Trust ◦ Trust and investment advisory services income comprised 23% of noninterest income ◦ First Foundation Advisors, acquired in the acquisition of First Foundation, saw AUM performance gains of $392.0 million during Q2 Mortgage Banking Services Composition 15.3% 12.0% 7.9% 7.0% 17.1% 35.0% 37.4% 39.6% 34.7% 31.3% 49.7% 50.6% 52.5% 58.3% 51.6% 12.6% 11.8% 11.0% 13.0% 8.7% MSR, net Mortgage servicing revenue Origination revenue Percent of total revenue Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 100.0% Mortgage Originations 2.88% 3.04% 2.79% 2.85% 3.17% Total Secondary Gain on sale margin Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $—M $150M $300M $450M $600M Wealth & Trust AUM / AUA $1,477 $1,496 $1,442 $1,485 $7,922 1.4% 1.4% 1.4% 1.4% 5.1% AUM / AUA Percent of total revenue Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in millions)

 
FirstSun Capital Bancorp | 19 Noninterest Expense Trends Noninterest Expense Composition $171,712 $75,341 $72,041 $68,901 $68,110 $68,744 $47,356 $43,520 $44,822 $43,921 $15,504 $10,006 $9,576 $9,591 $9,541 $4,237 $22,926 $14,791 $16,100 $13,669 $13,785 $57,559 Salary and Employee Benefits Occupancy, Equipment and Software Customer service costs Amortization of Intangible Assets Other Noninterest Expenses Merger Related Expenses Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Efficiency Ratio 64.52% 64.22% 65.37% 68.52% 93.25% 64.25% 64.00% 63.36% 66.08% 61.99% Adjusted Efficiency Ratio Efficiency Ratio Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in thousands) 1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. • Expect to continue investment in building out our franchise organically (sales force & infrastructure): ◦ Continued investment in growth markets • Merger related expenses increased $54.9 million from Q1 attributable to closing the acquisition on 4/1 and incurring related expenses • Salary and Employee Benefits increased $21.4 million from Q1 primarily due to increased headcount related to the acquisition, and Other Noninterest Expense increased $8.1 million from Q1, primarily due to higher data processing and FDIC insurance expenses related to our increased scale following the acquisition • Cost saves trending above expectations with approximately 65% of the total announced savings achieved through 2Q Strategy and Q2 Highlights 1

 
FirstSun Capital Bancorp | 20 Asset Quality Trends Net Charge-Offs $13,547 $9,053 $5,024 $10,561 $42,404 Commercial and Industrial Public Finance Commercial Real Estate, Residential Real Estate, Consumer and Other Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $— $10,000 $20,000 $30,000 $40,000 Allowance for Credit Losses $82,993 $84,040 $85,016 $82,955 $173,551 1.28% 1.26% 1.27% 1.20% 1.50% ACL ACL to Loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in thousands) ($ in thousands)($ in thousands) • ACL increase from Q1 is primarily the result of the level of reserve assessment for the acquired First Foundation portfolio ($80.0 million or 1.72%) and an increase in reserve assessment, including specific reserves, for the legacy Sunflower portfolio • Provision for credit losses and net charge-offs increased in Q2 over Q1 due to write-downs related to two C&I loans. One of those loans involves a materials distributor that we believe made fraudulent misrepresentations about its accounts receivable, collateral and historical financial statements and resulted in an approximate $22.0 million charge-off, or an annualized net charge-off of 0.75%. Strategy and Q2 Highlights Nonperforming Loans $54,841 $69,641 $60,771 $59,656 $190,115 0.84% 1.04% 0.91% 0.86% 1.64% Commercial and Industrial Residential Real Estate Commercial Real Estate Public Finance Consumer and Other Nonperforming Loans to Loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $— $100,000 $200,000

 
FirstSun Capital Bancorp | 21 Asset Quality Trends (cont’d) ($ in thousands) ($ in thousands) ACL & NCO %s 1.12% 1.28% 1.38% 1.27% 1.50% (0.01)% 0.13% 0.32% 0.43% 1.15% 0.28% ACL to Loans Net Charge-Off (Recoveries) % Trailing 5 Year NCO % 2022 2023 2024 2025 2026 YTD Provision for Credit Losses & Net Charge-Offs (Recoveries) $18,050 $18,247 $27,550 $24,600 $48,650 $(320) $7,810 $20,377 $28,255 $52,965 Provision for Credit Losses Net Charge-Offs (Recoveries) 2022 2023 2024 2025 2026 YTD Nonperforming Loans $29,067 $63,143 $69,050 $60,771 $190,115 0.49% 1.01% 1.08% 0.91% 1.64% Commercial and Industrial Residential Real Estate Commercial Real Estate Public Finance Consumer and Other Nonperforming Loans to Loans 2022 2023 2024 2025 2026 $— $50,000 $100,000 $150,000 $200,000 Credit Risk-Adjusted Returns NIM NCO Earning Assets Adj.2 Credit Adjusted NIM1 1 Year Average 4.02% (0.73)% 0.15% 3.44% 3 Year Average 4.06% (0.46)% 0.08% 3.68% 5 Year Average 3.93% (0.28)% 0.05% 3.70% 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 | 22 Capital and Liquidity Total Capital Ratio 15.94% 15.81% 15.73% 15.29% 14.13% 11.0% Total Capital Ratio Capital Operating Threshold Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Common Equity Tier 1 Capital Ratio 13.78% 13.79% 14.12% 13.77% 11.95% 8.0% CET1 Capital Operating Threshold Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Liquidity Ratios TCE / TA, + Net Unrealized Losses on HTM Securities, Net of Tax Wholesale Deposits and Borrowings to Total Liabilities AOCI + HTM Unrealized Loss, Net of Tax / Total Equity Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 3.00% 6.00% 9.00% 12.00% 15.00% • 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 ◦ Share repurchases ▪ In July 2026, Board authorized $150M Share Repurchase Program ◦ 11% CET 1 operating target • Wholesale funding reliance of 6.8% • Cash to total assets of 6.2% • AOCI & HTM unrealized loss, net of tax to total equity of 1.8% Strategy and Q2 Highlights $6.7B Immediate Borrowing Availability 1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. 1

 
FirstSun Capital Bancorp | 23 Consistent Long-Term Strategy 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 1 2 3 4 5 1Defined as MSAs with population over 2 million.

 
FirstSun Capital Bancorp | 24 2026 Full Year Financial Outlook1 Inclusive of First Foundation beginning April 1st Business Driver Full Year 2026 Outlook Q4 2026 Outlook Loans Low single digit growth compared to 2Q period end balance Low single digit growth Deposits Low single digit growth compared to 2Q period end balance Low single digit growth Investments Low single digit growth compared to 2Q period end balance Stable Net Interest Margin (%) Low-3.80s Mid-3.80s Noninterest Income to Total Revenue (%)2 Low-20s Low-20s Adjusted Efficiency Ratio (%)3 Mid- to Low-60s Low-60s Credit Outlook Net Charge-Offs to Avg Loans: High 50s range in bps ACL to Loans:Mid-140s to 150 in bps Net Charge-Offs to Avg Loans: Low 20s range in bps ACL to Loans:Mid-140s in bps 1Our 2026 Full Year Financial Outlook, Q4 2026 Outlook, and 2027 expectations, key assumptions and further expectations contain forward-looking statements. See "Disclaimers" beginning on slide 2. 2026/2027 expectations assume no material changes to current regional, national and international macroeconomic environment. 2 Total revenue is net interest income plus noninterest income. 3Adjusted efficiency ratio is a forward-looking non-GAAP financial measure that exclude merger related expenses. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. The unavailable information could be material to future GAAP results, and we cannot quantify its probable significance because such items are inherently uncertain and depend on future events. Key Assumptions: • The outlook includes acquisition-related purchase accounting adjustments with respect to the First Foundation acquisition, which are subject to change • Net loan growth inclusive of up to an estimated $100M and $285M in Multifamily loan re-pricing runoff in 2H 2026 and 2027, respectively • Contractual estimated pre-tax net accretion of $70-$75M for full year of 2026 and $85-90M for 2027 • Share repurchases of an aggregate of approximately $150M expected to occur over the next four quarters • CET 1 ratio expected to be in the 11.75-12% range • Loan to deposit ratio in the mid to high 80s range • Macro rates remain stable Further Expectations: • 2027 loan and deposit growth expected to be in the mid single digits. • Expect further NIM improvement into 1Q 2027, moving into the high 3.80s range • Expect further realization of acquisition-related cost savings through 2H 2026 to result in efficiency ratio in 1Q 2027 in high-50s to low-60s range Key Assumptions and Further Expectations

 
FirstSun Capital Bancorp | 25 Appendix

 
FirstSun Capital Bancorp | 26 C&I Portfolio by Industry Industry1, 2 ($ in millions) Balance Q2 2026 Change from Q1 2026 Average Loan Size Finance and Insurance $820.0 61.5% $6.9 Information (Technology, Media and Telecommunications) 356.0 (5.7)% 4.2 Manufacturing 346.0 22.8% 2.4 Healthcare 286.7 (11.2)% 0.6 Professional, Scientific, and Technical Services 238.6 6.7% 1.8 Other Services3 230.2 16.1% 1.3 Construction 227.7 8.6% 1.1 Wholesale Trade 212.3 (12.1)% 3.2 Real Estate and Rental and Leasing 193.6 (31.5)% 2.5 Transportation and Warehousing 164.6 9.9% 2.0 Retail Trade 127.5 5.7% 2.4 Mining, Quarrying, and Oil and Gas Extraction 111.0 15.2% 4.6 Utilities 94.3 13.9% 15.7 Arts, Entertainment, and Recreation 53.8 40.0% 4.9 Other 117.5 (4.9)% 15.2 $3,580 23% 10% 10% 8% 7% 6% 6% 6% 5% 5% 4% 3% 3% 2% 3% % of Total C&I Loans *Amounts may not total due to rounding. 1These segments are based on two-digit NAICS industry divisions. 2Loans to nondepository financial institutions are included within C&I and comprise less than 6% of loans. 98% pass graded. 3Includes Administrative and Support, Waste Management and Remediation Services, and Public Administration.

 
FirstSun Capital Bancorp | 27 Total Criticized & Nonperforming Loan Overview * Amounts may not total due to rounding. 1 These segments are based on two-digit NAICS industry divisions. 2 Multifamily Real Estate is a component of Real Estate and Rental and Leasing within the two-digit NAICS industry divisions. Criticized Loans by Risk Grade $263.5 $291.7 $311.7 $296.3 $895.2 $94.0 $130.1 $158.9 $143.6 $384.4 $114.9 $91.9 $92.7 $93.3 $320.8 $36.0 $59.9 $58.7 $41.8 $165.6 $18.7 $9.7 $1.4 $17.6 $24.4 4.1% 4.4% 4.7% 4.3% 7.7% Special Mention Substandard - Accruing Substandard - Nonaccrual Doubtful Criticized loans to total loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Criticized Loans by Industry $364.0 $127.5 $57.6 $42.3 $41.8 $35.4 $30.8 $30.8 $28.2 $27.3 $24.0 $18.3 $1.9 $65.5 $2.7 $35.9 $20.5 $42.8 $2.7 $26.8 $10.9 $24.7 $16.8 $42.3 $26.8 $13.8 $0.6 $28.8 Q2 2026 Q1 2026 Multifamily Real Estate Real Estate and Rental and Leasing Other Services Transportation and Warehousing Mining, Quarrying, and Oil and Gas Extraction Residential Mortgage Information (Technology, Media and Telecommunications) Professional, Scientific, and Technical Services Manufacturing Construction Healthcare Finance and Insurance Education Services Other 1 ($ in millions) ($ in millions) 2 Q2 2026 Criticized Rollforward ($ in millions) Loan Activity ACL Coverage Q1 2026 Ending Balance $ 296.3 8.71 % First Foundation acquired 455.8 6.85 % Downgrades, net1 143.1 8.29 % Q2 2026 Ending Balance $ 895.2 7.70 % QoQ Change $ 598.9 7.20 % • 76% of criticized inflow from acquisition (685bps criticized loan ACL coverage) • Remaining 24% is legacy FirstSun loan inflow (66% of that inflow is NPL) • 7 different NAICS represent 93% of total increase in criticized (multifamily inflow is 60% of the increase) ◦ Criticized multifamily loan wtd avg LTV is 68% • 5 different NAICS represent 96% of the total increase in NPL (and 79% of all NPL at 6/30) --- NPL increase largely concentrated in several larger loans ◦ Multifamily: guarantors, LTV coverage, some specific loss reserve assessment ◦ Three NAICS representing C&I businesses: varying levels of operating shortfalls; some sponsor support, some guarantor, some specific loss reserve assessment ◦ Resi mortgage: expect LTV’s to support carrying values Criticized Overview 1 Downgrades presented net of upgrades, payoffs, paydowns, and charge-offs. Nonperforming Loan Coverage Ratio 20.0% 12.0% 9.0% 12.8% 9.5% Nonperforming Loan ACL to Nonperforming Loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 5.0% 10.0% 15.0% 20.0% 25.0%

 
FirstSun Capital Bancorp | 28 Largest Criticized Loan Categories by NAICS at June 30, 2026 ($ in millions) Largest Nonperforming Loan Categories by NAICS at June 30, 2026 ($ in millions) Total Criticized & Nonperforming Loan Overview (cont’d) 1 These segments are based on two-digit NAICS industry divisions. 2 Multifamily Real Estate is a component of Real Estate and Rental and Leasing within the two-digit NAICS industry divisions. $364.0 $127.5 $57.6 $42.3 $41.8 $35.4 $30.8 Multifamily Real Estate Real Estate and Rental and Leasing Other Services Transportation and Warehousing Mining, Quarrying, and Oil and Gas Extraction Residential Mortgage Information (Technology, Me... and Telecommunications) 1 Criticized Loans by Industry $42.3 $42.8 $38.6 $26.8 $26.8 $24.7 $20.5 $16.8 $13.8 $10.9 $0.6 $28.8 100 60 80 60 80 60 Q1 2026 Product B $— $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0 Construction Transportation and Warehousing Real Estate and Rental and Leasing Healthcare Residential Mortgage Professional, Scientific, and Technic... Other Services Manufacturing Finance and Insurance Information (Technology, Media and... Education Services Other 2 Change from Q1 ($ in millions) ACL % (to total Criticized) # RelationshipsFirstSun First Foundation Total $19.7 $341.6 $361.3 5.39% 93 $63.0 $28.6 $91.6 7.18% 24 $10.2 $27.1 $37.3 17.68% 31 ($0.5) $— ($0.5) 1.88% 3 $39.0 $— $39.0 7.21% 2 $1.7 $6.7 $8.4 1.80% 136 $18.3 $1.6 $19.9 13.44% 6 $46.5 $29.1 $28.6 $27.8 $17.6 Multifamily Real Estate Professional, Scientific, and Technical Services Residential Mortgage Information (Technology, Media and Telecommunications) Transportation and Warehousing 1 2 Change from Q1 ($ in millions) FirstSun First Foundation Total ACL % (to total NPL) # Relationships $22.4 $24.1 $46.5 6.00% 6 $28.1 $— $28.1 18.02% 4 $2.1 $3.7 $5.8 0.52% 113 $25.2 $1.6 $26.8 14.33% 4 $17.6 $— $17.6 —% 1 78% of Total Criticized 79% of Total NPL’s

 
FirstSun Capital Bancorp | 29 ~ 68%2 of Total Deposits are FDIC-Insured Granular Deposit Base1 Customer Base 175,100 Consumer Accounts Granular Deposit Base $40,000 Avg. Account Balance Customer Base 22,700 Commercial Business Accounts Granular Deposit Base $243,000 Avg. Account Balance $13.4 Billion Total Deposits Deposits by State3 $4.0B Texas 22 branches $1.6B Kansas 22 branches $1.2B New Mexico 9 branches $0.7B Colorado 11 branches $0.4B Arizona 4 branches ~ 72%2 of Total Deposits are FDIC-Insured + Collateralized 1As of June 30, 2026. 2Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated. 3Excludes wholesale and internal deposit accounts. $2.9B California 21 branches $0.0B Washington 1 branch $1.4B Florida 7 branches $0.2B Hawaii 1 branch $0.1B Nevada 1 branch

 
FirstSun Capital Bancorp | 30 Financial Summary As of and for the three months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net interest income $ 143,195 $ 82,779 $ 83,461 $ 80,953 $ 78,499 Provision for credit losses 40,400 8,250 6,200 10,100 4,500 Noninterest income 40,948 27,175 26,744 26,333 27,073 Noninterest expense 171,712 75,341 72,041 68,901 68,110 (Loss) income before income taxes (27,969) 26,363 31,964 28,285 32,962 (Benefit) provision for income taxes (5,119) 4,780 7,157 5,111 6,576 Net (loss) income (22,850) 21,583 24,807 23,174 26,386 Adjusted net income1 21,021 23,673 26,923 23,412 26,601 Weighted average common shares outstanding, diluted 46,673,555 28,316,608 28,262,530 28,291,778 28,232,319 Diluted (loss) earnings per share $ (0.49) $ 0.76 $ 0.88 $ 0.82 $ 0.93 Adjusted diluted earnings per share1 0.45 0.84 0.95 0.83 0.94 Return on average total assets (0.54) % 1.04 % 1.17 % 1.09 % 1.28 % Adjusted return on average total assets1 0.50 % 1.14 % 1.27 % 1.10 % 1.29 % Pre-tax pre provision return on average assets1 0.29 % 1.67 % 1.79 % 1.81 % 1.82 % Adjusted pre-tax pre provision return on average assets1 1.65 % 1.80 % 1.90 % 1.82 % 1.83 % Return on average tangible stockholders' equity1 (4.69) % 8.31 % 9.58 % 9.20 % 10.91 % Adjusted return on average tangible stockholders' equity1 5.86 % 9.10 % 10.38 % 9.30 % 11.00 % Net interest margin 3.58 % 4.25 % 4.18 % 4.07 % 4.07 % Efficiency ratio 93.25 % 68.52 % 65.37 % 64.22 % 64.52 % Adjusted efficiency ratio1 61.99 % 66.08 % 63.36 % 64.00 % 64.25 % Noninterest income to total revenue2 22.2 % 24.7 % 24.3 % 24.5 % 25.6 % Total assets $ 15,717,985 $ 8,565,123 $ 8,485,162 $ 8,495,437 $ 8,435,861 Loans held-for-sale 140,706 144,407 100,539 85,250 90,781 Loans held-for-investment 11,568,443 6,939,972 6,673,180 6,681,629 6,507,066 Total deposits 13,418,004 7,087,513 7,107,356 7,105,415 7,100,164 Total stockholders' equity 1,837,392 1,175,507 1,153,356 1,127,513 1,095,402 Loan to deposit ratio 86.2 % 97.9 % 93.9 % 94.0 % 91.6 % Period end common shares outstanding 46,765,434 27,935,888 27,887,337 27,854,764 27,834,525 Book value per share $ 39.29 $ 42.08 $ 41.36 $ 40.48 $ 39.35 Tangible book value per share1 35.16 38.57 37.83 36.92 35.77 1 Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. 2 Total revenue is net interest income plus noninterest income.

 
FirstSun Capital Bancorp | 31 Non-GAAP Reconciliation As of and for the three months ended As of and for the six months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 June 30, 2026 June 30, 2025 Tangible stockholders’ equity to tangible assets: Total stockholders' equity (GAAP) $ 1,837,392 $ 1,175,507 $ 1,153,356 $ 1,127,513 $ 1,095,402 $ 1,837,392 $ 1,095,402 Less: Goodwill and other intangible assets Goodwill (102,536) (93,483) (93,483) (93,483) (93,483) (102,536) (93,483) Other intangible assets (90,452) (4,476) (4,983) (5,650) (6,228) (90,452) (6,228) Tangible stockholders' equity (non-GAAP) $ 1,644,404 $ 1,077,548 $ 1,054,890 $ 1,028,380 $ 995,691 $ 1,644,404 $ 995,691 Total assets (GAAP) $ 15,717,985 $ 8,565,123 $ 8,485,162 $ 8,495,437 $ 8,435,861 $ 15,717,985 $ 8,435,861 Less: Goodwill and other intangible assets Goodwill (102,536) (93,483) (93,483) (93,483) (93,483) (102,536) (93,483) Other intangible assets (90,452) (4,476) (4,983) (5,650) (6,228) (90,452) (6,228) Tangible assets (non-GAAP) $ 15,524,997 $ 8,467,164 $ 8,386,696 $ 8,396,304 $ 8,336,150 $ 15,524,997 $ 8,336,150 Total stockholders' equity to total assets (GAAP) 11.69 % 13.72 % 13.59 % 13.27 % 12.99 % 11.69 % 12.99 % Less: Impact of goodwill and other intangible assets (1.10) % (0.99) % (1.01) % (1.02) % (1.05) % (1.10) % (1.05) % Tangible stockholders' equity to tangible assets (non- GAAP) 10.59 % 12.73 % 12.58 % 12.25 % 11.94 % 10.59 % 11.94 % Tangible stockholders’ equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax: Tangible stockholders' equity (non-GAAP) $ 1,644,404 $ 1,077,548 $ 1,054,890 $ 1,028,380 $ 995,691 $ 1,644,404 $ 995,691 Less: Net unrealized losses on HTM securities, net of tax (3,553) (3,407) (3,320) (3,432) (4,238) (3,553) (4,238) Tangible stockholders’ equity less net unrealized losses on HTM securities, net of tax (non-GAAP) $ 1,640,851 $ 1,074,141 $ 1,051,570 $ 1,024,948 $ 991,453 $ 1,640,851 $ 991,453 Tangible assets (non-GAAP) $ 15,524,997 $ 8,467,164 $ 8,386,696 $ 8,396,304 $ 8,336,150 $ 15,524,997 $ 8,336,150 Less: Net unrealized losses on HTM securities, net of tax (3,553) (3,407) (3,320) (3,432) (4,238) (3,553) (4,238) Tangible assets less net unrealized losses on HTM securities, net of tax (non-GAAP) $ 15,521,444 $ 8,463,757 $ 8,383,376 $ 8,392,872 $ 8,331,912 $ 15,521,444 $ 8,331,912 Tangible stockholders’ equity to tangible assets (non-GAAP) 10.59 % 12.73 % 12.58 % 12.25 % 11.94 % 10.59 % 11.94 % Less: Impact of net unrealized losses on HTM securities, net of tax (0.02) % (0.04) % (0.04) % (0.04) % (0.04) % (0.02) % (0.04) % Tangible stockholders’ equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax (non- GAAP) 10.57 % 12.69 % 12.54 % 12.21 % 11.90 % 10.57 % 11.90 %

 
FirstSun Capital Bancorp | 32 Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the six months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 June 30, 2026 June 30, 2025 Tangible book value per share: Total stockholders' equity (GAAP) $ 1,837,392 $ 1,175,507 $ 1,153,356 $ 1,127,513 $ 1,095,402 $ 1,837,392 $ 1,095,402 Tangible stockholders' equity (non-GAAP) $ 1,644,404 $ 1,077,548 $ 1,054,890 $ 1,028,380 $ 995,691 $ 1,644,404 $ 995,691 Total shares outstanding 46,765,434 27,935,888 27,887,337 27,854,764 27,834,525 46,765,434 27,834,525 Book value per share (GAAP) $ 39.29 $ 42.08 $ 41.36 $ 40.48 $ 39.35 $ 39.29 $ 39.35 Less: Goodwill and other intangible assets Goodwill (2.19) (3.35) (3.35) (3.36) (3.36) (2.19) (3.36) Other intangible assets (1.94) (0.16) (0.18) (0.20) (0.22) (1.94) (0.22) Tangible book value per share (non-GAAP) $ 35.16 $ 38.57 $ 37.83 $ 36.92 $ 35.77 $ 35.16 $ 35.77 Adjusted net income: Net (loss) income (GAAP) $ (22,850) $ 21,583 $ 24,807 $ 23,174 $ 26,386 $ (1,267) $ 49,955 Add: Adjustments Merger related expenses, net of tax 43,871 2,090 2,116 238 215 45,961 215 Total adjustments, net of tax 43,871 2,090 2,116 238 215 45,961 215 Adjusted net income (non-GAAP) $ 21,021 $ 23,673 $ 26,923 $ 23,412 $ 26,601 $ 44,694 $ 50,170 Adjusted diluted earnings per share: Diluted (loss) earnings per share (GAAP) $ (0.49) $ 0.76 $ 0.88 $ 0.82 $ 0.93 $ (0.03) $ 1.77 Add: Impact of adjustments Merger related expenses, net of tax 0.94 0.08 0.07 0.01 0.01 1.23 0.01 Adjusted diluted earnings per share (non-GAAP) $ 0.45 $ 0.84 $ 0.95 $ 0.83 $ 0.94 $ 1.20 $ 1.78 Adjusted return on average total assets: Return on average total assets (ROAA) (GAAP) (0.54) % 1.04 % 1.17 % 1.09 % 1.28 % (0.02) % 1.24 % Add: Impact of adjustments Merger related expenses, net of tax 1.04 % 0.10 % 0.10 % 0.01 % 0.01 % 0.73 % 0.01 % Adjusted ROAA (non-GAAP) 0.50 % 1.14 % 1.27 % 1.10 % 1.29 % 0.71 % 1.25 %

 
FirstSun Capital Bancorp | 33 Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the six months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 June 30, 2026 June 30, 2025 Adjusted pre-tax pre provision return on average assets: Net income (GAAP) $ (22,850) $ 21,583 $ 24,807 $ 23,174 $ 26,386 $ (1,267) $ 49,955 Add: Income taxes and provision for credit losses Income taxes (5,119) 4,780 7,157 5,111 6,576 (339) 12,692 Provision for credit losses 40,400 8,250 6,200 10,100 4,500 48,650 8,300 PTPP net income (non-GAAP) $ 12,431 $ 34,613 $ 38,164 $ 38,385 $ 37,462 $ 47,044 $ 70,947 Add: Adjustments Merger related expenses 57,559 2,681 2,217 241 285 60,240 285 Adjusted PTPP Net Income (non-GAAP) $ 69,990 $ 37,294 $ 40,381 $ 38,626 $ 37,747 $ 107,284 $ 71,232 Return on average total assets (ROAA) (GAAP) (0.54) % 1.04 % 1.17 % 1.09 % 1.28 % (0.02) % 1.24 % Add: Impact of income taxes and provision for credit losses Income taxes (0.12) % 0.23 % 0.33 % 0.24 % 0.32 % (0.01) % 0.31 % Provision for credit losses 0.95 % 0.40 % 0.29 % 0.48 % 0.22 % 0.77 % 0.21 % PTPP ROAA (non-GAAP) 0.29 % 1.67 % 1.79 % 1.81 % 1.82 % 0.75 % 1.76 % Add: Impact of adjustments Merger related expenses 1.36 % 0.13 % 0.11 % 0.01 % 0.01 % 0.95 % 0.01 % Adjusted PTPP ROAA (non-GAAP) 1.65 % 1.80 % 1.90 % 1.82 % 1.83 % 1.70 % 1.77 % Adjusted pre-tax pre provision diluted earnings (loss) per share Weighted average diluted common shares 46,673,555 28,316,608 28,262,530 28,291,778 28,232,319 37,314,285 28,263,943 Diluted (loss) earnings per share (GAAP) $ (0.49) $ 0.76 $ 0.88 $ 0.82 $ 0.93 $ (0.03) $ 1.77 Add: Impact of adjustments Merger related expenses 1.23 0.10 0.08 0.01 0.01 1.61 0.01 Adjusted diluted earnings per share (non-GAAP) 0.74 0.86 0.96 0.83 0.94 1.58 1.78 Add: Impact of income taxes and provision for credit losses Income taxes (0.11) 0.17 0.25 0.18 0.24 (0.01) 0.45 Provision for credit losses 0.87 0.29 0.22 0.36 0.16 1.31 0.29 Adjusted PTPP diluted (loss) earnings per share (non-GAAP) $ 1.50 $ 1.32 $ 1.43 $ 1.37 $ 1.34 $ 2.88 $ 2.52

 
FirstSun Capital Bancorp | 34 Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the six months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 June 30, 2026 June 30, 2025 Adjusted return on average stockholders’ equity Return on average stockholders' equity (ROAE) (GAAP) (4.92) % 7.47 % 8.58 % 8.22 % 9.74 % (0.17) % 9.39 % Add: Impact of adjustments Merger related expenses, net of tax 9.44 % 0.73 % 0.73 % 0.09 % 0.08 % 6.10 % 0.04 % Adjusted ROAE (non-GAAP) 4.52 % 8.20 % 9.31 % 8.31 % 9.82 % 5.93 % 9.43 % Return on average tangible stockholders’ equity: Return on average stockholders’ equity (ROAE) (GAAP) (4.92) % 7.47 % 8.58 % 8.22 % 9.74 % (0.17) % 9.39 % Add: Impact from goodwill and other intangible assets Goodwill (0.57) % 0.69 % 0.81 % 0.81 % 0.98 % (0.02) % 0.97 % Other intangible assets 0.80 % 0.15 % 0.19 % 0.17 % 0.19 % 0.55 % 0.19 % Return on average tangible stockholders’ equity (ROATE) (non-GAAP) (4.69) % 8.31 % 9.58 % 9.20 % 10.91 % 0.36 % 10.55 % Adjusted return on average tangible stockholders’ equity: Return on average tangible stockholders' equity (ROATE) (non- GAAP) (4.69) % 8.31 % 9.58 % 9.20 % 10.91 % 0.36 % 10.55 % Add: Impact of adjustments Merger related expenses, net of tax 10.55 % 0.79 % 0.80 % 0.10 % 0.09 % 6.75 % 0.04 % Adjusted ROATE (non-GAAP) 5.86 % 9.10 % 10.38 % 9.30 % 11.00 % 7.12 % 10.60 % Adjusted total noninterest expense: Total noninterest expense (GAAP) $ 171,712 $ 75,341 $ 72,041 $ 68,901 $ 68,110 $ 247,053 $ 130,832 Less: Adjustments: Merger related expenses (57,559) (2,681) (2,217) (241) (285) (60,240) (285) Total adjustments (57,559) (2,681) (2,217) (241) (285) (60,240) (285) Adjusted total noninterest expense (non-GAAP) $ 114,153 $ 72,660 $ 69,824 $ 68,660 $ 67,825 $ 186,813 $ 130,547 Adjusted efficiency ratio: Efficiency ratio (GAAP) 93.25 % 68.52 % 65.37 % 64.22 % 64.52 % 84.00 % 64.84 % Less: Impact of adjustments Merger related expenses (31.26) % (2.44) % (2.01) % (0.22) % (0.27) % (20.48) % (0.14) % Adjusted efficiency ratio (non-GAAP) 61.99 % 66.08 % 63.36 % 64.00 % 64.25 % 63.52 % 64.70 %

 
FirstSun Capital Bancorp | 35 Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the six months ended ($ in thousands, except per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 June 30, 2026 June 30, 2025 Adjusted loan growth Total loans (GAAP) $ 11,568,443 $ 6,939,972 $ 6,673,180 $ 6,681,629 $ 6,507,066 $ 11,568,443 $ 6,507,066 Less: Acquired loans at date of merger, net of purchase accounting discounts (6,068,491) — — — — (6,068,491) — Add: Loans downsized 1,334,483 — — — — 1,334,483 — Total loans, excluding acquired loans, net of downsizing (non-GAAP) $ 6,834,435 $ 6,939,972 $ 6,673,180 $ 6,681,629 $ 6,507,066 $ 6,834,435 $ 6,507,066 Adjusted deposit growth Total deposits (GAAP) $ 13,418,004 $ 7,087,513 $ 7,107,356 $ 7,105,415 $ 7,100,164 $ 13,418,004 $ 7,100,164 Less: Acquired deposits at date of merger, net of purchase accounting discounts (8,772,082) — — — — (8,772,082) — Add: Deposits downsized 2,525,448 — — — — 2,525,448 — Total deposits, excluding acquired deposits, net of downsizing (non-GAAP) $ 7,171,370 $ 7,087,513 $ 7,107,356 $ 7,105,415 $ 7,100,164 $ 7,171,370 $ 7,100,164 As of and for the twelve months ended ($ in thousands) June 30, 2026 June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 Credit adjusted net interest margin: Net interest income (GAAP) $ 390,388 $ 306,182 $ 289,184 $ 289,714 $ 180,286 Less: Net charge-off’s (67,042) (15,117) (26,477) (281) (351) Credit adjusted net interest income (non-GAAP) $ 323,346 $ 291,065 $ 262,707 $ 289,433 $ 179,935 Average earning assets $ 9,928,602 $ 7,518,332 $ 7,092,350 $ 6,687,566 $ 5,667,767 Net interest margin (GAAP) 4.02 % 4.08 % 4.07 % 4.33 % 3.16 % Impact from net charge-offs to average earning assets 0.58 % 0.19 % 0.37 % 0.01 % 0.02 % Credit adjusted net interest margin (non-GAAP) 3.44 % 3.89 % 3.70 % 4.32 % 3.14 % Net interest margin (GAAP) 1 year average (Q2 2025 - Q2 2026) 4.02 % 3 year average (Q3 2023 - Q2 2026) 4.06 % 5 year average (Q3 2021 - Q2 2026) 3.93 % Credit adjusted net interest margin (non-GAAP) 1 year average (Q2 2025 - Q2 2026) 3.44 % 3 year average (Q3 2023 - Q2 2026) 3.68 % 5 year average (Q3 2021 - Q2 2026) 3.70 %