← FIRSTSUN CAPITAL BANCORP
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | $20.5m | $47.6m | $43.2m | $59.2m | $103.5m | $75.6m | $97.9m | |
| Depreciation and amortization on premises and equipment | — | — | $7.2m | $8.0m | $7.4m | $7.4m | $8.2m | |
| Amortization of net premium on securities | $4.7m | $4.2m | $3.4m | $2.1m | $1.0m | $729k | $512k | |
| Amortization of core deposits and other intangible assets | $1.9m | $1.5m | $1.4m | $4.2m | $4.8m | $2.8m | $2.4m | |
| Amortization of premium on acquired deposits | ($288k) | ($151k) | ($45k) | ($1.1m) | ($966k) | ($340k) | ($79k) | |
| Amortization of issuance costs on subordinated debt | $0 | $45k | $93k | $145k | $147k | $147k | $124k | |
| Deferred tax expense | $1.6m | ($3.4m) | $3.1m | $9.2m | $3.0m | $3.3m | $2.8m | |
| Impairment of other real estate owned and foreclosed assets | $1.1m | $418k | $217k | $94k | $286k | $133k | $711k | |
| Impairment of other intangible assets | — | — | — | $0 | $0 | $780k | $0 | |
| Share-based compensation expense | $2.1m | $2.3m | $3.0m | $1.4m | $2.1m | $2.4m | $3.5m | |
| Net loss on disposal of premises and equipment | $207k | $519k | $76k | $86k | $120k | $397k | $179k | |
| Right-of-use lease assets obtained in exchange for lessee operating lease liabilities | — | — | $0 | $35.2m | $2.7m | $5.0m | $15.0m | |
| Provision for credit losses | — | — | $3.0m | $18.1m | $18.2m | $27.6m | $24.6m | |
| Accretion of net discount on acquired loans | ($4.2m) | ($3.8m) | ($1.1m) | ($1.3m) | ($3.2m) | ($2.5m) | ($1.3m) | |
| Net change in deferred loan origination fees and costs | $2.7m | $8.8m | $617k | $1.2m | ($1.2m) | ($132k) | $4.4m | |
| Accretion of discount on subordinated debt | $261k | $258k | $256k | $254k | $286k | $383k | $272k | |
| Accretion of discount on convertible notes payable | $761k | $752k | $746k | $1.1m | $101k | $0 | $0 | |
| Decrease in fair value of mortgage servicing rights | $11.9m | $22.3m | $5.6m | ($12.4m) | $6.6m | $4.7m | $12.2m | |
| Net loss on other real estate owned and foreclosed assets activity | — | — | ($824k) | ($164k) | $106k | $28k | $373k | |
| Net gain on sales of loans held-for-sale | ($23.9m) | ($74.6m) | ($61.4m) | ($11.8m) | ($3.5m) | ($7.0m) | ($11.0m) | |
| Net loss on subordinated notes issuance costs due to early redemption | — | — | — | — | $0 | $0 | $444k | |
| Origination of loans held-for-sale | ($1.2b) | ($2.5b) | ($2.2b) | ($1.1b) | ($791.0m) | ($1.1b) | ($1.4b) | |
| Proceeds from sales of loans held-for-sale | $1.2b | $2.4b | $2.3b | $1.1b | $788.4m | $1.1b | $1.4b | |
| Lease right-of-use assets | — | — | $0 | $3.3m | ($660k) | ($304k) | ($106k) | |
| Accrued interest receivable | ($1.7m) | ($2.9m) | $655k | ($9.8m) | ($8.6m) | $5.0m | ($153k) | |
| Prepaid expenses and other assets | $5.4m | ($17.1m) | ($6.8m) | ($23.0m) | ($11.4m) | ($16.1m) | $23.6m | |
| Accrued interest payable | $467k | $398k | ($223k) | $3.0m | $7.8m | ($4.9m) | ($2.0m) | |
| Accrued expenses and other liabilities | $14.1m | $30.9m | ($15.6m) | ($293k) | $5.1m | $16.5m | ($11.1m) | |
| Proceeds from maturities of held-to-maturity securities | $18.1m | $24.4m | $13.8m | $3.6m | $2.0m | $1.8m | $1.5m | |
| Purchases of available-for-sale securities | ($149.4m) | ($101.8m) | ($248.7m) | ($66.6m) | ($21.6m) | ($9.4m) | ($23.7m) | |
| Proceeds from paydowns, sales or maturities of available-for-sale securities | $194.2m | $185.7m | $131.9m | $170.4m | $41.7m | $60.3m | $38.7m | |
| Loan originations, net of repayments | ($295.0m) | ($863.1m) | ($215.3m) | ($1.1b) | ($362.8m) | ($129.5m) | ($338.0m) | |
| Purchases of premises and equipment | ($6.9m) | ($6.2m) | ($3.5m) | ($2.2m) | ($4.3m) | ($5.4m) | ($7.5m) | |
| Proceeds from sales of premises and equipment | $1.8m | $2.9m | $5k | $2k | $0 | $0 | $41k | |
| Proceeds from sales of other real estate owned and foreclosed assets | $2.7m | $6.7m | $2.1m | $867k | $6.0m | $1.1m | $2.3m | |
| Proceeds from bank-owned life insurance | $1.3m | $0 | $0 | $0 | $0 | $725k | $0 | |
| Purchases of restricted equity securities | ($12.2m) | ($8.7m) | ($57k) | ($39.8m) | ($51.1m) | ($44.7m) | ($693k) | |
| Proceeds from the sale or redemption of restricted equity securities | $13.9m | $6.4m | $7.4m | $15.8m | $64.8m | $54.7m | $5.4m | |
| Net change in deposits | $468.7m | $663.8m | $701.4m | ($280.9m) | $610.0m | $298.5m | $435.2m | |
| Net change in securities sold under agreements to repurchase | ($14.7m) | $47.3m | ($23.3m) | ($55.4m) | ($12.0m) | ($10.0m) | ($3.5m) | |
| Proceeds from Federal Home Loan Bank advances | $871.0m | $0 | $0 | $760.9m | $2.0b | $5.5b | $293.0m | |
| Repayments of Federal Home Loan Bank advances | ($1.0b) | ($6.0m) | ($30.4m) | ($317.0m) | ($2.3b) | ($5.7b) | ($428.0m) | |
| Repayments of convertible notes payable | — | $0 | $0 | ($15.2m) | ($5.5m) | $0 | $0 | |
| Repayments of subordinated notes | — | — | — | — | $0 | $0 | ($40.0m) | |
| Net change in unrealized gain (loss) on available-for-sale securities | $16.5m | $9.6m | ($9.9m) | ($45.6m) | $1.3m | $5.2m | $15.6m | |
| Loan charge-offs | $5.0m | $4.9m | $4.9m | $2.6m | $9.7m | $21.7m | $29.0m | |
| Loans transferred to other real estate owned and foreclosed assets | $6.5m | $3.1m | $2.6m | $1.3m | $4.1m | $2.3m | $9.8m | |
| Mortgage servicing rights resulting from sale or securitization of mortgage loans | $14.7m | $22.4m | $23.9m | $14.3m | $9.3m | $12.3m | $14.6m | |
| Net cash provided by operating activities | $3.9m | ($547k) | $113.1m | $96.9m | $125.2m | $101.1m | $111.5m | |
| Purchase of other investments | ($82k) | ($155k) | ($686k) | ($939k) | ($2.7m) | ($11.8m) | ($9.2m) | |
| Proceeds from the sale or redemption of other investments | $10k | $1k | $519k | $745k | $668k | $1.3m | $770k | |
| Net cash used in investing activities | ($217.1m) | ($662.9m) | ($293.9m) | ($538.1m) | ($327.3m) | ($80.9m) | ($330.2m) | |
| Proceeds from issuance of common stock, net of issuance costs and taxes paid on cashless exercise of equity awards | $1.3m | $0 | ($456k) | ($579k) | ($167k) | $82.3m | ($1.2m) | |
| Federal Home Loan Bank stock dividends | ($311k) | ($468k) | ($407k) | ($712k) | ($1.6m) | ($789k) | ($586k) | |
| Net cash provided by financing activities | $257.2m | $720.9m | $647.3m | $116.3m | $337.9m | $116.3m | $255.4m | |
| Increase in cash surrender value of bank-owned life insurance | ($1.3m) | ($1.3m) | ($1.3m) | ($1.7m) | ($1.9m) | ($2.0m) | ($2.2m) | |
| Net increase in cash and cash equivalents | $44.0m | $57.4m | $466.5m | ($324.9m) | $135.8m | $136.6m | $36.7m | |
| Cash and cash equivalents, beginning of year | $144.5m | $202.0m | $668.5m | $343.5m | $479.4m | $615.9m | $652.6m | |
| Interest paid on deposits | $22.9m | $16.5m | $8.8m | $12.0m | $92.1m | $155.0m | $146.0m | |
| Interest paid on borrowed funds | $5.7m | $5.5m | $5.7m | $14.1m | $20.5m | $12.1m | $4.9m | |
| Cash paid for income taxes, net | $520k | $8.0m | $6.6m | $6.2m | $28.5m | $14.9m | $15.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.