# EDGAR Filing Document

**Accession Number:** 0001709442
**File Stem:** 0001709442-26-000004
**Filing Date:** 2026-1
**Character Count:** 152214
**Document Hash:** 8bda81833fa84f260b508ea8ba27b722
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001709442-26-000004.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001709442-26-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 44

**CONFORMED PERIOD OF REPORT**: 20260123

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRSTSUN CAPITAL BANCORP
- **CENTRAL INDEX KEY:** 0001709442
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 814552413
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42175
- **FILM NUMBER:** 26560914

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 16TH STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 785-827-5565

**MAIL ADDRESS:**
- **STREET 1:** 1400 16TH STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

?xml version='1.0' encoding='ASCII'? fcb-20260123

**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):** January 23, 2026

**FIRSTSUN CAPITAL BANCORP**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-42175** | **81-4552413** |
| **(State or other jurisdiction of** <br>**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: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class | Trading Symbol(s) | Name of each exchange<br> on which registered |
| **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 ☒&nbsp;&nbsp;&nbsp;&nbsp;

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 January 26, 2026, FirstSun Capital Bancorp (the "Company") issued an earnings press release announcing financial results for the fourth quarter and full year ended December 31, 2025. The earnings press release is furnished as <u>[Exhibit 99.1](exhibit991-earningspressre.htm)</u> to this Current Report on Form 8-K.

**Item 5.02 &nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On January 23, 2026, Diane L. Merdian announced her intention to resign as a director of the Company and its wholly owned subsidiary, Sunflower Bank, N.A. (the "Bank"), in each case effective as of the earlier of (i) the closing of the Company's proposed merger with First Foundation Inc. and (ii) the 2026 Annual Meeting of Stockholders of the Company (the "2026 Annual Meeting").

Ms. Merdian has served as a valuable member of the Company's board of directors (the "Board") since 2017. In her letter of resignation, Ms. Merdian expressed her pleasure in serving on the boards of the Company and the Bank and wished continued success to the Company and the Bank after her resignation. The Company thanks Ms. Meridian for her service and wishes her the best in her endeavors following her resignation.

Mr. Murphy is the founder and Chief Executive Officer of Wentworth Capital Management, a private investment and venture capital firm focused on media, technology and branded consumer businesses.

Mr. Murphy will participate in the Company's standard non-employee director compensation arrangements, as described under the heading "Compensation of Directors for Fiscal Year 2024" in the Company's definitive proxy statement filed with the SEC on March 21, 2025, as such arrangements may be amended from time to time, which description is incorporated herein by reference. In connection with his appointment, on January 23, 2026, Mr. Murphy also received a one-time stock grant of 50 shares of the Company's common stock to satisfy bank regulatory stock ownership requirements.

Pursuant to a Board Representative Letter dated February 21, 2025 by and between the Company and various trusts associated with Mollie Hale Carter (the "Mollie Hale Carter Trust Stockholder Group"), the Mollie Hale Carter Trust Stockholder Group has the right to designate one nominee to the Board. Mr. Murphy is expected to be the designated nominee of the Mollie Hale Carter Trust Stockholder Group at the 2026 Annual Meeting.

There are no transactions between the Company and Mr. Murphy that would require disclosure under Item 404(a) of Regulation S-K.

**Item 7.01 Regulation FD Information.**

&nbsp;&nbsp;&nbsp;&nbsp;On January 26, 2026, the Company, made available on its website an investor presentation regarding the Company's financial results for the fourth quarter and full year ended December 31, 2025, which will be used in connection with an earnings conference call for investors and analysts at 11:00 a.m. (EST) on Tuesday January 27, 2026 and at upcoming investor conferences. The investor presentation is furnished as <u>[Exhibit 99.2](a4q25earningspresentatio.htm)</u>.

**Item 9.01 Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 | <u>[Earnings Press Release](exhibit991-earningspressre.htm)</u> |
| 99.2 | <u>[Investor Presentation](a4q25earningspresentatio.htm)</u> |
| 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** | **FIRSTSUN CAPITAL BANCORP** |
| Date: January 26, 2026 | By: | /s/ Robert A. Cafera, Jr. |
|  | Name: | Robert A. Cafera, Jr. |
|  | Title: | Senior Executive Vice President and <br>Chief Financial Officer |
|  |  | (Principal Financial Officer) |

---

## Exhibit 99.1

![fscb-horizontallogox01.jpg](fscb-horizontallogox01.jpg)

**FirstSun Capital Bancorp Reports Fourth Quarter and Full Year 2025 Results**

Fourth Quarter 2025 Highlights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income of $24.8 million, $0.88 per diluted share (adjusted, $26.9 million, $0.95 per diluted share, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin of 4.18%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average total assets of 1.17% (adjusted, 1.27%, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average stockholders' equity of 8.58% (adjusted, 9.31%, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Average loan growth of 8.5%, annualized

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 24.3% noninterest income to total revenue<sup>1</sup>

Denver, Colorado – January 26, 2026 – FirstSun Capital Bancorp ("FirstSun") (NASDAQ: FSUN) reported net income of $24.8 million for the fourth quarter of 2025 compared to net income of $16.4 million for the fourth quarter of 2024. Earnings per diluted share were $0.88 for the fourth quarter of 2025 compared to $0.58 for the fourth quarter of 2024. Adjusted net income, a non-GAAP financial measure, was $26.9 million or $0.95 per diluted share for the fourth quarter of 2025 compared to $24.3 million or $0.86 per diluted share for the fourth quarter of 2024.

Neal Arnold, FirstSun's Chief Executive Officer and President, commented, "We are very pleased with our strong operating results in the fourth quarter. Among the highlights were our growth in net interest margin to a strong 4.18%, average loan growth of 8.5%, annualized and revenue growth driving our earnings growth. Our strategic focus on our C&I, consumer and service fee businesses has enabled us to continue to responsibly grow our franchise and deliver strong earnings once again this year. While we acknowledge the potential influence of macroeconomic and geopolitical risks, we look forward to the franchise opportunities ahead in 2026 and believe our business model and well diversified business mix will position us for continued success.

"We are also encouraged with the progress we are making with the First Foundation team on operational integration planning and balance sheet optimization work. Finally, I want to thank all of our hard working employees for their continued focus on creating a best-in-class bank while delivering value added solutions to all our customers throughout our footprint."

**Fourth Quarter 2025 Results**

Net income totaled $24.8 million, or $0.88 per diluted share, for the fourth quarter of 2025, compared to $23.2 million, or $0.82 per diluted share, for the prior quarter. Adjusted net income, a non-GAAP financial measure, totaled $26.9 million, or $0.95 per diluted share, for the fourth quarter of 2025, compared to $23.4 million, or $0.83 per diluted share, for the prior quarter.

The return on average total assets was 1.17% for the fourth quarter of 2025, compared to 1.09% for the prior quarter, and the return on average stockholders' equity was 8.58% for the fourth quarter of 2025, compared to 8.22% for the prior quarter. Adjusted return on average total assets and adjusted return on average stockholders' equity, each a non-GAAP financial measure, were 1.27% and 9.31% respectively for the fourth quarter of 2025 compared to 1.10% and 8.31% respectively for the prior quarter.

<sup>1</sup> Total revenue is net interest income plus noninterest income.

------

**Net Interest Income and Net Interest Margin**

Net interest income totaled $83.5 million for the fourth quarter of 2025, an increase of $2.5 million compared to the prior quarter. Our net interest margin increased 11 basis points to 4.18% compared to the prior quarter.

Average loans, including loans held-for-sale, increased by $158.2 million in the fourth quarter of 2025, compared to the prior quarter. Loan yield decreased by 12 basis points to 6.37% in the fourth quarter of 2025, compared to the prior quarter, primarily due to the declining interest rate environment and its impact on variable rate loans in the loan portfolio. Average interest-bearing cash and other assets decreased by $131.2 million in the fourth quarter of 2025, compared to the prior quarter. Interest-bearing cash and other assets yield decreased by 57 basis points to 3.68% in the fourth quarter of 2025, compared to the prior quarter, primarily due to the declining interest rate environment.

Average interest-bearing deposits decreased $60.6 million in the fourth quarter of 2025, compared to the prior quarter. Total cost of interest-bearing deposits decreased by 21 basis points to 2.60% in the fourth quarter of 2025, compared to the prior quarter, primarily due to rate decreases for certificates of deposit and money market deposits amidst the declining interest rate environment and a decrease in certificates of deposit balances. Average other long-term borrowings decreased $39.5 million in the fourth quarter of 2025, compared to the prior quarter. Cost of other long-term borrowings decreased 259 basis points to 5.82% in the fourth quarter of 2025, compared to the prior quarter, primarily due to the redemption of $40.0 million of subordinated notes.

**Asset Quality and Provision for Credit Losses**

The provision for credit losses totaled $6.2 million for the fourth quarter of 2025 primarily due to impacts from net portfolio downgrades.

Net charge-offs for the fourth quarter of 2025 were $5.0 million resulting in an annualized ratio of net charge-offs to average loans of 0.30%, compared to net charge-offs of $9.1 million, or an annualized ratio of net-charge offs to average loans of 0.55% for the prior quarter. Net charge-offs for the fourth quarter of 2025 were elevated primarily due to a write-down related to a specific customer relationship in our C&I loan portfolio.

The allowance for credit losses as a percentage of loans was 1.27% at December 31, 2025, an increase of one basis point from the prior quarter. The ratio of nonperforming assets to total assets was 0.85% at December 31, 2025, compared to 0.98% at September 30, 2025.

**Noninterest Income**

Noninterest income totaled $26.7 million for the fourth quarter of 2025, an increase of $0.4 million from the prior quarter. Income from mortgage banking services decreased $0.5 million for the fourth quarter of 2025, from the prior quarter, primarily due to a decrease in net MSR capitalization resulting from higher balance runoff in the servicing portfolio. Other noninterest income increased $0.8 million for the fourth quarter of 2025, from the prior quarter, primarily due to an increase in loan syndication fees and swap fee income, partially offset by a decrease in the fair value of investments related to our deferred compensation plan.

Noninterest income as a percentage of total revenue<sup>2</sup> was 24.3%, a decrease of 0.2% from the prior quarter.

**Noninterest Expense**

Noninterest expense totaled $72.0 million for the fourth quarter of 2025, an increase of $3.1 million from the prior quarter. Salary and employee benefits decreased $1.3 million in the fourth quarter of 2025 from the prior quarter, primarily due to a decrease in the fair value of investments related to our deferred compensation plan and a reduction in medical insurance costs. Other noninterest expenses increased $2.4 million in the fourth quarter of 2025 from the prior quarter, primarily due to the acceleration of remaining deferred expenses related to the $40.0 million subordinated notes redemption and maintenance expenses incurred related to OREO properties. Merger related expenses increased $2.0 million in the fourth quarter of 2025 from the prior quarter.

<sup>2</sup> Total revenue is net interest income plus noninterest income.

------

The efficiency ratio for the fourth quarter of 2025 was 65.37% compared to 64.22% for the prior quarter. The adjusted efficiency ratio, a non-GAAP financial measure, for the fourth quarter of 2025 was 63.36% compared to 64.00% for the prior quarter.

**Tax Rate**

The effective tax rate was 22.4% for the fourth quarter of 2025, compared to 18.1% for the prior quarter.

**Loans**

Loans were $6.7 billion at December 31, 2025 and September 30, 2025, decreasing $8.4 million in the fourth quarter of 2025, or 0.5% on an annualized basis.

**Deposits**

Deposits were $7.1 billion at December 31, 2025 and September 30, 2025, an increase of $1.9 million in the fourth quarter of 2025, or 0.1% on an annualized basis, primarily due to an increase of $100.0 million in money market accounts, partially offset by decreases of $61.8 million in certificates of deposit and $23.1 million in noninterest-bearing deposit accounts. Average deposits were $7.1 billion for fourth quarter of 2025 and for the prior quarter, decreasing $4.8 million or 0.3% on an annualized basis.

Noninterest-bearing deposit accounts represented 23.2% of total deposits at December 31, 2025 and the loan to deposit ratio was 93.9% at December 31, 2025.

The ratio of total uninsured deposits to total deposits was estimated to be 36.6% at December 31, 2025. The ratio of total uninsured and uncollateralized deposits to total deposits was estimated to be 29.0% at December 31, 2025.<sup>3</sup>

**Capital**

Capital ratios remain strong and above "well-capitalized" thresholds. As of December 31, 2025, our common equity tier 1 risk-based capital ratio was 14.12%, total risk-based capital ratio was 15.73% and tier 1 leverage ratio was 12.75%. Book value per share was $41.36 at December 31, 2025, an increase of $0.88 from September 30, 2025. Tangible book value per share, a non-GAAP financial measure, was $37.83 at December 31, 2025, an increase of $0.91 from September 30, 2025.

<sup>3</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A.

------

**Full Year 2025 Results**

Full Year Highlights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income of $97.9 million, $3.47 per diluted share (adjusted, $100.5 million, $3.56 per diluted share, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin of 4.10%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average total assets of 1.18% (adjusted, 1.21%, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average stockholders' equity of 8.88% (adjusted, 9.11%, see the "Non-GAAP Financial Measures and Reconciliations" below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan growth of 4.7%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Average deposit growth of 6.6%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 24.3% noninterest income to total revenue<sup>4</sup>

Net income totaled $97.9 million, or $3.47 per diluted share, in 2025, compared to $75.6 million, or $2.69 per diluted share, in 2024. Adjusted net income, a non-GAAP financial measure, was $100.5 million, or $3.56 per diluted share, in 2025 compared to $87.7 million, or $3.13 per diluted share, in 2024.

The return on average total assets was 1.18% in 2025, compared to 0.96% in 2024, and the return on average stockholders' equity was 8.88% in 2025, compared to 7.56% in 2024. Adjusted return on average total assets and adjusted return on average stockholders' equity, each a non-GAAP financial measure, were 1.21% and 9.11% respectively in 2025 compared to 1.12% and 8.77% respectively in 2024.

**Net Interest Income and Net Interest Margin**

Net interest income totaled $317.4 million in 2025, an increase of $20.5 million compared to 2024. Our net interest margin increased four basis points to 4.10% compared to 2024.

Average loans, including loans held-for-sale, increased by $224.1 million in 2025, compared to 2024. Loan yield decreased by 17 basis points to 6.41% in 2025, compared to 2024, primarily due to the declining interest rate environment and its impact on variable rate loans in the loan portfolio. Average interest-bearing cash and other assets increased by $218.6 million in 2025, compared to 2024. Interest-bearing cash and other assets yield decreased by 88 basis points to 4.14% in 2025, compared to 2024, primarily due to the declining interest rate environment.

Average deposits increased $357.6 million in 2025, compared to 2024. Total cost of interest-bearing deposits decreased by 30 basis points to 2.73% in 2025, compared to 2024, primarily due to a decrease in balances and rates for certificates of deposit amidst the declining interest rate environment, partially offset by an increase in promotional rate money market deposit balances. Average FHLB borrowings decreased $117.0 million in 2025, compared to 2024. The cost of FHLB borrowings decreased by 87 basis points to 4.61% in 2025, compared to 2024.

**Asset Quality and Provision for Credit Losses**

The provision for credit losses totaled $24.6 million in 2025, a decrease of $3.0 million compared to 2024. The provision for credit losses in 2025 was primarily due to a combination of deterioration of two customer relationships in our commercial and industrial (C&I) portfolio, impacts from net portfolio downgrades, and impacts from growth in loan portfolio balances.

Net charge-offs in 2025 were $28.3 million, or a ratio of net charge-offs to average loans of 0.43%, compared to net charge-offs of $20.4 million, or a ratio of net charge-offs to average loans of 0.32%, in 2024. Net charge-offs in 2025 were elevated primarily due to write-downs of two customer relationships in our C&I loan portfolio.

The allowance for credit losses as a percentage of loans was 1.27% at December 31, 2025, compared to 1.38% at December 31, 2024. The ratio of nonperforming assets to total assets was 0.85% at December 31, 2025, compared to 0.92% at December 31, 2024.

<sup>4</sup> Total revenue is net interest income plus noninterest income.

------

**Noninterest Income**

Noninterest income totaled $101.9 million during 2025, an increase of $12.1 million from 2024. Income from mortgage banking services increased $8.1 million in 2025 compared to 2024, primarily due to an increase in gain on sales driven by higher origination volume and margins and an increase in mortgage servicing revenue driven by higher servicing portfolio balances. Treasury management service fees increased $2.6 million in 2025 compared to 2024, primarily due to growth in services provided to our business customers. Other noninterest income increased $2.8 million in 2025 compared to 2024, primarily due to an increase in loan syndication fees and swap fee income.

Noninterest income as a percentage of total revenue<sup>5</sup> totaled 24.3% in 2025, compared to 23.2% in 2024.

**Noninterest Expense**

Noninterest expense totaled $271.8 million in 2025, an increase of $7.7 million from 2024. Salaries and employee benefits increased $16.8 million in 2025 compared to 2024, primarily due to an increase in headcount of C&I bankers and support personnel, higher levels of variable compensation, including those associated with an increase in mortgage loan originations, and an increase in medical insurance costs. Merger related expenses decreased $10.4 million in 2025 compared to 2024.

The efficiency ratio for 2025 was 64.82% compared to 68.28% in 2024. The adjusted efficiency ratio, a non-GAAP financial measure, in 2025 was 64.17% compared to 64.13% in 2024.

**Tax Rate**

The effective tax rate was 20.3% in 2025, compared to 20.5% in 2024.

**Loans**

Loans were $6.7 billion at December 31, 2025 compared to $6.4 billion at December 31, 2024, an increase of $0.3 billion or 4.7%, primarily due to growth of $0.3 billion in C&I loans.

**Deposits**

Deposits were $7.1 billion at December 31, 2025 and $6.7 billion at December 31, 2024, an increase of $0.4 billion or 6.5% in 2025, primarily due to increases of $0.1 billion in noninterest-bearing deposit accounts, $0.1 billion in interest-bearing demand and NOW accounts, and $0.5 billion in money market accounts, partially offset by a decrease of $0.3 billion in certificates of deposit. Average deposits were $6.9 billion for the year ending December 31, 2025, compared to $6.5 billion for the prior year, an increase of $430.4 million or 6.6%.

**Capital**

Capital ratios remain strong and above "well-capitalized" thresholds. As of December 31, 2025, our common equity tier 1 risk-based capital ratio was 14.12%, total risk-based capital ratio was 15.73% and tier 1 leverage ratio was 12.75%. Book value per share was $41.36 at December 31, 2025, an increase of $3.78 from December 31, 2024. Tangible book value per share, a non-GAAP financial measure, was $37.83 at December 31, 2025, an increase of $3.89 from December 31, 2024.

<sup>5</sup> Total revenue is net interest income plus noninterest income.

------

**Non-GAAP Financial Measures**

This press release (including the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u>) contains financial measures determined by methods other than in accordance with principles generally accepted in the United States ("GAAP"). FirstSun management uses these non-GAAP financial measures in their analysis of FirstSun's performance and the efficiency of its 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. FirstSun believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. FirstSun 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Tangible stockholders' equity to tangible assets;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Tangible book value per share;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted net income;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted diluted earnings per share;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted return on average total assets;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted return on average stockholders' equity;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Return on average tangible stockholders' equity;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted return on average tangible stockholders' equity;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted total noninterest expense;*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Adjusted efficiency ratio; and*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*• Fully tax equivalent ("FTE") net interest income and net interest margin.*

The tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> provide a reconciliation of each non-GAAP financial measure contained in this press release to the most comparable GAAP equivalent.

**About FirstSun Capital Bancorp**

FirstSun Capital Bancorp, headquartered in Denver, Colorado, is the financial holding company for Sunflower Bank, N.A., which operates as Sunflower Bank and First National 1870. Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with depository branches in seven states and mortgage capabilities in 44 states. FirstSun had total consolidated assets of $8.5 billion as of December 31, 2025.

First National 1870 is a division of Sunflower Bank, N.A. To learn more, visit ir.firstsuncb.com or SunflowerBank.com

**Investor Earnings Conference Call**

FirstSun will host a conference call on Tuesday, January 27, 2026 at 11:00 a.m. (EST) to discuss its fourth quarter and full year 2025 financial results.

Participants may join by phone by dialing (833) 470-1428 for toll-free within the US and (404) 975-4839 for all other locations. The conference Access Code is 586052. The numbers for international participants are available here: https://www.netroadshow.com/events/global-numbers?confId=48643.

An audio replay of the live call, and the accompanying presentation slides, is expected to be available following the live event on the "Events & Presentations page" of FirstSun's website at https://ir.firstsuncb.com/overview/default.aspx.

------

**Day-Count Convention**

Annualized ratios are presented utilizing the Actual/Actual day-count convention. Annualized ratios have been recalculated to conform to the current presentation for periods prior to March 31, 2025.

**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 future franchise opportunities and continued success in 2026. These statements reflect management's current expectations and are not guarantees of future performance. Words such as "focus," "may," "will," "believe," "anticipate," "expect," "intend," "opportunity," "continue," "should," and "could" 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 (including anticipated Federal Reserve rate cuts that might not occur) 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, and geopolitical instability; the possibility that our previously announced merger with First Foundation Inc. ("First Foundation") does not close when expected or at all because required regulatory, stockholder or other approvals and conditions to closing are not received or satisfied on a timely basis or at all; the possibility that the proposed First Foundation merger, including the re-positioning strategy, will not be completed as planned, or achieve the anticipated benefits; the diversion of management's attention from ongoing business operations and opportunities due to the proposed First Foundation merger; the occurrence of any event, change or other circumstances that could give rise to the termination of the First Foundation merger agreement; the possibility that the anticipated benefits of the proposed First Foundation merger, including anticipated cost savings and synergies, are not realized when expected or at all, including because of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy, competitive factors in the areas where we do business, or because of other unexpected factors or events; and other general competitive, economic, business, market and political conditions.

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 the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents subsequently filed by the Company with the SEC, including its Quarterly Reports on Form 10-Q. 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.

------

**Additional Information About the Merger and Where to Find It**

This communication contains statements regarding the proposed transaction between FirstSun and First Foundation. In connection with the proposed transaction, FirstSun filed a registration statement on Form S-4 on December 11, 2025, as amended on January 14, 2026 (and which is available at <u>[https://www.sec.gov/Archives/edgar/data/1709442/000155278126000014/e26019_fsun-s4a.htm](https://www.sec.gov/Archives/edgar/data/1709442/000155278126000014/e26019_fsun-s4a.htm)</u>), to register FirstSun's shares that will be issued to First Foundation's stockholders in connection with the merger. The registration statement includes a joint proxy statement of FirstSun and First Foundation and a prospectus of FirstSun, as well as other relevant documents concerning the proposed transaction. The Registration Statement was declared effective by the SEC on January 15, 2026 and FirstSun filed a definitive joint proxy statement/prospectus on January 15, 2026 (and which is available at <u>[https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm](https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm)</u>) and it was first mailed to FirstSun and First Foundation stockholders on January 16, 2026.

INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE MERGER ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING FIRSTSUN, FIRST FOUNDATION, THE TRANSACTION AND RELATED MATTERS.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

A free copy of the joint proxy statement/prospectus, as well as other documents filed by FirstSun or First Foundation may be obtained at the SEC's Internet site at http://www.sec.gov. Investors and security holders may also obtain free copies of the documents filed with the SEC by (i) FirstSun on its website at https://ir.firstsuncb.com/overview/default.aspx under the Financials tab and then under the SEC Filings option, and (ii) First Foundation on its website at https://investor.ff-inc.com/investor-home/default.aspx under the Financials tab and then under the SEC Filings option.

**Participants in the Solicitation**

FirstSun, First Foundation and certain of their directors and executive officers may be deemed participants in the solicitation of proxies from stockholders of FirstSun or First Foundation in connection with the proposed transaction. Information regarding the directors and executive officers of FirstSun and First Foundation and other persons who may be deemed participants in the solicitation of the stockholders of FirstSun or First Foundation in connection with the proposed transaction is included in the joint proxy statement/prospectus, which was filed by FirstSun with the SEC on January 15, 2026 (and which is available at <u>[https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm](https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm)</u>). Information about the directors and officers of FirstSun and their ownership of FirstSun common stock can be found in FirstSun's definitive proxy statement in connection with its 2025 annual meeting of stockholders, including under the headings "Director Experience", "Biographical Information for Executive Officers", "Certain Relationships and Related Party Transactions", "Security Ownership of Certain Beneficial Owners and Management", "Executive Compensation", and "Compensation of Directors for Fiscal Year 2024", as filed with the SEC on March 21, 2025 and available at <u>[https://www.sec.gov/ix?doc=/Archives/edgar/data/0001709442/000170944225000020/fcb-20250321.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001709442/000170944225000020/fcb-20250321.htm)</u>, and other documents subsequently filed by FirstSun with the SEC, including on Statements of Change in Ownership on Form 4 filed with the SEC, available at https://www.sec.gov/edgar/browse/?CIK=1709442&owner=exclude. Information about the directors and officers of First Foundation and their ownership of First Foundation common stock can be found in First Foundation's definitive proxy statement in connection with its 2025 annual meeting of stockholders, including under the headings "Security Ownership of Certain Beneficial Owners and Management", "Election of Directors (Proposal No. 1)", "Advisory Vote on the Compensation of the Company's Named Executive Officers (Proposal No. 4)", "Compensation Committee Report", and "Certain Relationships and Related Party Transactions"

------

as filed with the SEC on April 17, 2025 and available at <u>[https://www.sec.gov/ix?doc=/Archives/edgar/data/0001413837/000110465925036041/tm252563-3_def14a.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001413837/000110465925036041/tm252563-3_def14a.htm)</u>, and other documents subsequently filed by First Foundation with the SEC, including on Statements of Change in Ownership on Form 4 filed with the SEC, available at https://www.sec.gov/edgar/browse/?CIK=1413837&owner=exclude. Additional information regarding the interests of participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are included in the joint proxy statement/prospectus filed by FirstSun with the SEC on January 15, 2026 (which is available at <u>[https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm](https://www.sec.gov/Archives/edgar/data/1709442/000155278126000019/e26025_fsun-424b3.htm)</u>). You may obtain free copies of these documents through the website maintained by the SEC at https://www.sec.gov.

------

**Summary Data:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** |
| *($ in thousands, except per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Net interest income | $83461 | $80953 | $78499 | $74478 | $77047 |
| Provision for credit losses | 6200 | 10100 | 4500 | 3800 | 4850 |
| Noninterest income | 26744 | 26333 | 27073 | 21729 | 21635 |
| Noninterest expense | 72041 | 68901 | 68110 | 62722 | 73673 |
| Income before income taxes | 31964 | 28285 | 32962 | 29685 | 20159 |
| Provision for income taxes | 7157 | 5111 | 6576 | 6116 | 3809 |
| Net income | 24807 | 23174 | 26386 | 23569 | 16350 |
| Adjusted net income<sup>1</sup> | 26923 | 23412 | 26601 | 23569 | 24316 |
| Weighted average common shares outstanding, basic | 27839044 | 27801255 | 27783710 | 27721760 | 27668470 |
| Weighted average common shares outstanding, diluted | 28262530 | 28291778 | 28232319 | 28293912 | 28290474 |
| Diluted earnings per share | $0.88 | $0.82 | $0.93 | $0.83 | $0.58 |
| Adjusted diluted earnings per share<sup>1</sup> | $0.95 | $0.83 | $0.94 | $0.83 | $0.86 |
| Return on average total assets | 1.17% | 1.09% | 1.28% | 1.20% | 0.81% |
| Adjusted return on average total assets<sup>1</sup> | 1.27% | 1.10% | 1.29% | 1.20% | 1.20% |
| Return on average stockholders' equity | 8.58% | 8.22% | 9.74% | 9.03% | 6.22% |
| Adjusted return on average stockholders' equity<sup>1</sup> | 9.31% | 8.31% | 9.82% | 9.03% | 9.24% |
| Return on average tangible stockholders' equity<sup>1</sup> | 9.58% | 9.20% | 10.91% | 10.18% | 7.36% |
| Adjusted return on average tangible stockholders' equity<sup>1</sup> | 10.38% | 9.30% | 11.00% | 10.18% | 10.72% |
| Net interest margin | 4.18% | 4.07% | 4.07% | 4.07% | 4.09% |
| Net interest margin (FTE basis)<sup>1</sup> | 4.23% | 4.12% | 4.13% | 4.13% | 4.15% |
| Efficiency ratio | 65.37% | 64.22% | 64.52% | 65.19% | 74.66% |
| Adjusted efficiency ratio<sup>1</sup> | 63.36% | 64.00% | 64.25% | 65.19% | 63.63% |
| Noninterest income to total revenue<sup>2</sup> | 24.3% | 24.5% | 25.6% | 22.6% | 21.9% |
| Total assets | $8485162 | $8495437 | $8435861 | $8216458 | $8097387 |
| Loans held-for-sale | 100539 | 85250 | 90781 | 65603 | 61825 |
| Loans held-for-investment | 6673180 | 6681629 | 6507066 | 6484008 | 6376357 |
| Total deposits | 7107356 | 7105415 | 7100164 | 6874239 | 6672260 |
| Total stockholders' equity | 1153356 | 1127513 | 1095402 | 1068295 | 1041366 |
| Loan to deposit ratio | 93.9% | 94.0% | 91.6% | 94.3% | 95.6% |
| Period end common shares outstanding | 27887337 | 27854764 | 27834525 | 27753918 | 27709679 |
| Book value per share | $41.36 | $40.48 | $39.35 | $38.49 | $37.58 |
| Tangible book value per share<sup>1</sup> | $37.83 | $36.92 | $35.77 | $34.88 | $33.94 |
| <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. |
| <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. |

---

------

**Summary Data (cont'd):**

---

| | | |
|:---|:---|:---|
| | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands, except per share amounts)* | **December 31,<br>2025** | **December 31,<br>2024** |
| Net interest income | $317391 | $296910 |
| Provision for credit losses | 24600 | 27550 |
| Noninterest income | 101879 | 89792 |
| Noninterest expense | 271774 | 264040 |
| Income before income taxes | 122896 | 95112 |
| Provision for income taxes | 24960 | 19484 |
| Net income | 97936 | 75628 |
| Adjusted net income<sup>1</sup> | 100505 | 87744 |
| Weighted average common shares outstanding, basic | 27786887 | 27433865 |
| Weighted average common shares outstanding, diluted | 28249796 | 28067273 |
| Diluted earnings per share | $3.47 | $2.69 |
| Adjusted diluted earnings per share<sup>1</sup> | $3.56 | $3.13 |
| Return on average total assets | 1.18% | 0.96% |
| Adjusted return on average total assets<sup>1</sup> | 1.21% | 1.12% |
| Return on average stockholders' equity | 8.88% | 7.56% |
| Adjusted return on average stockholders' equity<sup>1</sup> | 9.11% | 8.77% |
| Return on average tangible stockholders' equity<sup>1</sup> | 9.95% | 8.74% |
| Adjusted return on average tangible stockholders' equity<sup>1</sup> | 10.21% | 10.09% |
| Net interest margin | 4.10% | 4.06% |
| Net interest margin (FTE basis)<sup>1</sup> | 4.16% | 4.12% |
| Efficiency ratio | 64.82% | 68.28% |
| Adjusted efficiency ratio<sup>1</sup> | 64.17% | 64.13% |
| Noninterest income to total revenue<sup>2</sup> | 24.3% | 23.2% |
| Total assets | $8485162 | $8097387 |
| Loans held-for-sale | 100539 | 61825 |
| Loans held-for-investment | 6673180 | 6376357 |
| Total deposits | 7107356 | 6672260 |
| Total stockholders' equity | 1153356 | 1041366 |
| Loan to deposit ratio | 93.9% | 95.6% |
| Period end common shares outstanding | 27887337 | 27709679 |
| Book value per share | $41.36 | $37.58 |
| Tangible book value per share<sup>1</sup> | $37.83 | $33.94 |
| <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. |
| <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. | <sup>2</sup> Total revenue is net interest income plus noninterest income. |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Condensed Consolidated Statements of Income (Unaudited):**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **For the three months ended** | **For the three months ended** | **For the year ended** | **For the year ended** |
| *($ in thousands, except per share amounts)* | **December 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| Total interest income | $119273 | $116039 | $467769 | $459540 |
| Total interest expense | 35812 | 38992 | 150378 | 162630 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 83461 | 77047 | 317391 | 296910 |
| Provision for credit losses | 6200 | 4850 | 24600 | 27550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after credit loss expense | 77261 | 72197 | 292791 | 269360 |
| Noninterest income: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 2116 | 2219 | 8321 | 9495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury management service fees | 4544 | 3982 | 17473 | 14829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit and debit card fees | 2744 | 2706 | 10729 | 11153 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust and investment advisory fees | 1515 | 1436 | 5945 | 5787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from mortgage banking services, net | 12102 | 9631 | 47072 | 39014 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest income | 3723 | 1661 | 12339 | 9514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 26744 | 21635 | 101879 | 89792 |
| Noninterest expense: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salary and employee benefits | 43520 | 38498 | 171824 | 154985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 9576 | 9865 | 38244 | 36282 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization and impairment of intangible assets | 628 | 1431 | 2412 | 3549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | 2217 | 8010 | 2743 | 13178 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 16100 | 15869 | 56551 | 56046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 72041 | 73673 | 271774 | 264040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 31964 | 20159 | 122896 | 95112 |
| Provision for income taxes | 7157 | 3809 | 24960 | 19484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $24807 | $16350 | $97936 | $75628 |
| Earnings per share - basic | $0.89 | $0.59 | $3.52 | $2.76 |
| Earnings per share - diluted | $0.88 | $0.58 | $3.47 | $2.69 |

---

------

**Condensed Consolidated Statements of Income (Unaudited) (cont'd):**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** |
| *($ in thousands, except per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Total interest income | $119273 | $121128 | $116921 | $110447 | $116039 |
| Total interest expense | 35812 | 40175 | 38422 | 35969 | 38992 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 83461 | 80953 | 78499 | 74478 | 77047 |
| Provision for credit losses | 6200 | 10100 | 4500 | 3800 | 4850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after credit loss expense | 77261 | 70853 | 73999 | 70678 | 72197 |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 2116 | 2162 | 2016 | 2027 | 2219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury management service fees | 4544 | 4402 | 4333 | 4194 | 3982 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit and debit card fees | 2744 | 2671 | 2728 | 2586 | 2706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust and investment advisory fees | 1515 | 1536 | 1473 | 1421 | 1436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from mortgage banking services, net | 12102 | 12641 | 13274 | 9055 | 9631 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest income | 3723 | 2921 | 3249 | 2446 | 1661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 26744 | 26333 | 27073 | 21729 | 21635 |
| Noninterest expense: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salary and employee benefits | 43520 | 44822 | 43921 | 39561 | 38498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 9576 | 9591 | 9541 | 9536 | 9865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization and impairment of intangible assets | 628 | 578 | 578 | 628 | 1431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | 2217 | 241 | 285 |  | 8010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 16100 | 13669 | 13785 | 12997 | 15869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 72041 | 68901 | 68110 | 62722 | 73673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 31964 | 28285 | 32962 | 29685 | 20159 |
| Provision for income taxes | 7157 | 5111 | 6576 | 6116 | 3809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $24807 | $23174 | $26386 | $23569 | $16350 |
| Earnings per share - basic | $0.89 | $0.83 | $0.95 | $0.85 | $0.59 |
| Earnings per share - diluted | $0.88 | $0.82 | $0.93 | $0.83 | $0.58 |

---

------

**Condensed Consolidated Balance Sheets as of (Unaudited):**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *($ in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Assets** |  |  |  |  |  |
| Cash and cash equivalents | $652592 | $659899 | $785115 | $621377 | $615917 |
| Securities available-for-sale, at fair value | 468970 | 476114 | 473468 | 480615 | 469076 |
| Securities held-to-maturity | 33839 | 34247 | 34581 | 34914 | 35242 |
| Loans held-for-sale, at fair value | 100539 | 85250 | 90781 | 65603 | 61825 |
| Loans | 6673180 | 6681629 | 6507066 | 6484008 | 6376357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (85016) | (84040) | (82993) | (91790) | (88221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans, net | 6588164 | 6597589 | 6424073 | 6392218 | 6288136 |
| Mortgage servicing rights, at fair value | 86651 | 85695 | 84736 | 82927 | 84258 |
| Premises and equipment, net | 81523 | 81886 | 82248 | 82333 | 82483 |
| Other real estate owned and foreclosed assets, net | 11514 | 13418 | 13052 | 4914 | 5138 |
| Goodwill | 93483 | 93483 | 93483 | 93483 | 93483 |
| Core deposits and other intangible assets, net | 4983 | 5650 | 6228 | 6806 | 7434 |
| Other assets | 362904 | 362206 | 348096 | 351268 | 354395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $8485162 | $8495437 | $8435861 | $8216458 | $8097387 |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |
| Liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing accounts | $1651373 | $1674497 | $1706678 | $1574736 | $1541158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing accounts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand and NOW | 848661 | 854176 | 797755 | 748589 | 731404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 378631 | 386235 | 397120 | 405621 | 402338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market | 2937017 | 2837019 | 2769346 | 2569153 | 2431785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | 1291674 | 1353488 | 1429265 | 1576140 | 1565575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 7107356 | 7105415 | 7100164 | 6874239 | 6672260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 11160 | 9824 | 11173 | 8515 | 14699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances |  |  |  | 35000 | 135000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt, net | 36680 | 76163 | 76066 | 75969 | 75841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 176610 | 176522 | 153056 | 154440 | 158221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 7331806 | 7367924 | 7340459 | 7148163 | 7056021 |
| Stockholders' equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock | 3 | 3 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 549617 | 548952 | 547950 | 547484 | 547325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 631086 | 606279 | 583105 | 556719 | 533150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (27350) | (27721) | (35656) | (35911) | (39112) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1153356 | 1127513 | 1095402 | 1068295 | 1041366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $8485162 | $8495437 | $8435861 | $8216458 | $8097387 |

---

------

**Consolidated Capital Ratios as of:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Stockholders' equity to total assets | 13.59% | 13.27% | 12.99% | 13.00% | 12.86% |
| Tangible stockholders' equity to tangible assets<sup>1</sup> | 12.58% | 12.25% | 11.94% | 11.93% | 11.76% |
| Tangible stockholders' equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax<sup>1, 2</sup> | 12.54% | 12.21% | 11.90% | 11.89% | 11.71% |
| Tier 1 leverage ratio | 12.75% | 12.44% | 12.39% | 12.47% | 12.11% |
| Common equity tier 1 risk-based capital ratio | 14.12% | 13.79% | 13.78% | 13.26% | 13.18% |
| Tier 1 risk-based capital ratio | 14.12% | 13.79% | 13.78% | 13.26% | 13.18% |
| Total risk-based capital ratio | 15.73% | 15.81% | 15.94% | 15.52% | 15.42% |
| <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. | <sup>1</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.<br><sup>2</sup> Tangible stockholders' equity and tangible assets have been adjusted to reflect net unrealized losses on held-to-maturity securities, net of tax. |

---

------

**Summary of Net Interest Margin:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the year ended**  | **For the year ended**  | **For the year ended**  | **For the year ended**  |
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** |
| *(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** |  |  |  |  |  |  |  |  |
| Loans<sup>1</sup> | 6825404 | 6.37% | 6481701 | 6.51% | 6634643 | 6.41% | 6410520 | 6.58% |
| Investment securities | 506964 | 3.35% | 519221 | 3.40% | 506294 | 3.45% | 529209 | 3.49% |
| Interest-bearing cash and other assets | 583717 | 3.68% | 491326 | 4.48% | 599588 | 4.14% | 380967 | 5.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | 7916085 | 5.98% | 7492248 | 6.16% | 7740525 | 6.04% | 7320696 | 6.28% |
| Other assets | 519607 |  | 542862 |  | 536383 |  | 543650 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $8435692 |  | $8035110 |  | $8276908 |  | $7864346 |  |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |
| Demand and NOW deposits | $831419 | 2.98% | $703087 | 3.45% | $785777 | 3.18% | $633123 | 3.63% |
| Savings deposits | 381978 | 0.55% | 404762 | 0.64% | 393771 | 0.57% | 412941 | 0.69% |
| Money market deposits | 2879668 | 2.36% | 2348328 | 2.23% | 2709997 | 2.40% | 2161618 | 2.11% |
| Certificates of deposit | 1284200 | 3.49% | 1589721 | 4.08% | 1432539 | 3.71% | 1756755 | 4.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 5377265 | 2.60% | 5045898 | 2.85% | 5322084 | 2.73% | 4964437 | 3.03% |
| Repurchase agreements | 9146 | 1.71% | 10964 | 1.45% | 8956 | 1.67% | 15557 | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits and repurchase agreements | 5386411 | 2.60% | 5056862 | 2.85% | 5331040 | 2.73% | 4979994 | 3.03% |
| FHLB borrowings |  | —% | 121957 | 5.02% | 7847 | 4.61% | 124833 | 5.48% |
| Other long-term borrowings | 36650 | 5.82% | 75778 | 6.41% | 66094 | 6.85% | 75586 | 6.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 5423061 | 2.62% | 5254597 | 2.95% | 5404981 | 2.78% | 5180413 | 3.14% |
| Noninterest-bearing deposits | 1698126 |  | 1581571 |  | 1615511 |  | 1542808 |  |
| Other liabilities | 167658 |  | 152552 |  | 153460 |  | 140529 |  |
| Stockholders' equity | 1146847 |  | 1046390 |  | 1102956 |  | 1000596 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $8435692 |  | $8035110 |  | $8276908 |  | $7864346 |  |
| Net interest spread |  | 3.36% |  | 3.21% |  | 3.26% |  | 3.14% |
| Net interest margin |  | 4.18% |  | 4.09% |  | 4.10% |  | 4.06% |
| Net interest margin (on FTE basis)<sup>2</sup> |  | 4.23% |  | 4.15% |  | 4.16% |  | 4.12% |
| <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. |
| <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. |

---

------

**Summary of Net Interest Margin (cont'd):**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** | **For the three months ended** |
| | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** |
| *(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** |  |  |  |  |  |  |  |  |  |  |
| Loans<sup>1</sup> | 6825404 | 6.37% | 6667158 | 6.49% | 6620493 | 6.43% | 6420710 | 6.36% | 6481701 | 6.51% |
| Investment securities | 506964 | 3.35% | 505999 | 3.43% | 510350 | 3.48% | 501809 | 3.53% | 519221 | 3.40% |
| Interest-bearing cash and other assets | 583717 | 3.68% | 714885 | 4.25% | 596713 | 4.28% | 500857 | 4.37% | 491326 | 4.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | 7916085 | 5.98% | 7888042 | 6.09% | 7727556 | 6.07% | 7423376 | 6.03% | 7492248 | 6.16% |
| Other assets | 519607 |  | 540079 |  | 537156 |  | 548976 |  | 542862 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $8435692 |  | $8428121 |  | $8264712 |  | $7972352 |  | $8035110 |  |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |  |  |
| Demand and NOW deposits | $831419 | 2.98% | $796192 | 3.29% | $793461 | 3.26% | $720700 | 3.21% | $703087 | 3.45% |
| Savings deposits | 381978 | 0.55% | 391444 | 0.59% | 401093 | 0.58% | 400801 | 0.58% | 404762 | 0.64% |
| Money market deposits | 2879668 | 2.36% | 2852860 | 2.58% | 2659342 | 2.42% | 2441737 | 2.19% | 2348328 | 2.23% |
| Certificates of deposit | 1284200 | 3.49% | 1397371 | 3.64% | 1504235 | 3.76% | 1547634 | 3.91% | 1589721 | 4.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 5377265 | 2.60% | 5437867 | 2.81% | 5358131 | 2.78% | 5110872 | 2.73% | 5045898 | 2.85% |
| Repurchase agreements | 9146 | 1.71% | 8055 | 1.82% | 9024 | 1.61% | 9615 | 1.57% | 10964 | 1.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits and repurchase agreements | 5386411 | 2.60% | 5445922 | 2.81% | 5367155 | 2.78% | 5120487 | 2.73% | 5056862 | 2.85% |
| FHLB borrowings |  | —% |  | —% | 2308 | 4.72% | 29489 | 4.60% | 121957 | 5.02% |
| Other long-term borrowings | 36650 | 5.82% | 76117 | 8.41% | 76025 | 6.19% | 75907 | 6.43% | 75778 | 6.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 5423061 | 2.62% | 5522039 | 2.89% | 5445488 | 2.83% | 5225883 | 2.79% | 5254597 | 2.95% |
| Noninterest-bearing deposits | 1698126 |  | 1642346 |  | 1587302 |  | 1532150 |  | 1581571 |  |
| Other liabilities | 167658 |  | 145730 |  | 145064 |  | 155337 |  | 152552 |  |
| Stockholders' equity | 1146847 |  | 1118006 |  | 1086858 |  | 1058982 |  | 1046390 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $8435692 |  | $8428121 |  | $8264712 |  | $7972352 |  | $8035110 |  |
| Net interest spread |  | 3.36% |  | 3.20% |  | 3.24% |  | 3.24% |  | 3.21% |
| Net interest margin |  | 4.18% |  | 4.07% |  | 4.07% |  | 4.07% |  | 4.09% |
| Net interest margin (on FTE basis)<sup>2</sup> |  | 4.23% |  | 4.12% |  | 4.13% |  | 4.13% |  | 4.15% |
| <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. | <sup>1</sup> Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. |
| <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. | <sup>2</sup> Represents a non-GAAP financial measure. See the tables beginning on page <u>[21](#iadc9aa6c1e5e431d9d769a4ad0cf1b7c_61)</u> for a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent. |

---

------

**Deposits as of:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *($ in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **<u>Consumer</u>** |  |  |  |  |  |
| Noninterest-bearing deposit accounts | $404666 | $412568 | $426909 | $412734 | $410303 |
| Interest-bearing deposit accounts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand and NOW | 110155 | 129148 | 113415 | 93675 | 61987 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 308655 | 314954 | 322672 | 330489 | 326916 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 1880973 | 1885609 | 1803348 | 1600413 | 1516577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | 809401 | 869077 | 937439 | 1065839 | 1069704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposit accounts | 3109184 | 3198788 | 3176874 | 3090416 | 2975184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer deposits | $3513850 | $3611356 | $3603783 | $3503150 | $3385487 |
| **<u>Business</u>** |  |  |  |  |  |
| Noninterest-bearing deposit accounts | $1246707 | $1261929 | $1279769 | $1162002 | $1130855 |
| Interest-bearing deposit accounts: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand and NOW | 738506 | 725028 | 684340 | 654914 | 669417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 69976 | 71281 | 74448 | 75132 | 75422 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 1056044 | 951410 | 965998 | 968740 | 915208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | 57349 | 57225 | 56930 | 65420 | 51131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposit accounts | 1921875 | 1804944 | 1781716 | 1764206 | 1711178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total business deposits | $3168582 | $3066873 | $3061485 | $2926208 | $2842033 |
| <u>Wholesale deposits</u><sup>1</sup> | $424924 | $427186 | $434896 | $444881 | $444740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $7107356 | $7105415 | $7100164 | $6874239 | $6672260 |
| <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. | <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. | <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. | <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. | <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. | <sup>1</sup> Wholesale deposits primarily consist of brokered deposits included in our condensed consolidated balance sheets within certificates of deposit. |

---

**Balance Sheet Ratios as of:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Cash to total assets<sup>1</sup> | 7.60% | 7.70% | 9.20% | 7.50% | 7.50% |
| Loan to deposit ratio | 93.9% | 94.0% | 91.6% | 94.3% | 95.6% |
| Uninsured deposits to total deposits<sup>2</sup> | 36.6% | 36.2% | 37.0% | 35.2% | 34.8% |
| Uninsured and uncollateralized deposits to total deposits<sup>2</sup> | 29.0% | 28.3% | 28.3% | 26.4% | 25.2% |
| Wholesale deposits and borrowings to total liabilities<sup>3</sup> | 5.8% | 5.8% | 5.9% | 6.7% | 8.2% |
| <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. | <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. | <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. | <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. | <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. | <sup>1</sup> Cash consists of cash and amounts due from banks and interest-bearing deposits with other financial institutions.<br><sup>2</sup> Uninsured deposits and uninsured and uncollateralized deposits are reported for our wholly-owned subsidiary Sunflower Bank, N.A. and are estimated.<br><sup>3</sup> 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. |

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**Loan Portfolio as of:**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *($ in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Commercial and industrial<sup>1</sup> | $2937867 | $2945697 | $2779767 | $2764035 | $2627591 |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-owner occupied | 742002 | 725425 | 705749 | 733949 | 752628 |
| &nbsp;&nbsp;&nbsp;&nbsp;Owner occupied | 700774 | 668172 | 660334 | 677341 | 700867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction and land | 268652 | 343803 | 383969 | 386056 | 362677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Multifamily | 210368 | 183504 | 134520 | 85239 | 94355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | 1921796 | 1920904 | 1884572 | 1882585 | 1910527 |
| Residential real estate<sup>2</sup> | 1221086 | 1209742 | 1226760 | 1195714 | 1180610 |
| Public Finance | 501582 | 516247 | 524441 | 551252 | 554784 |
| Consumer | 32651 | 38931 | 42881 | 38896 | 41144 |
| Other | 58198 | 50108 | 48645 | 51526 | 61701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans, net of deferred costs, fees, premiums, and discounts | $6673180 | $6681629 | $6507066 | $6484008 | $6376357 |
| <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. | <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. | <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. | <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. | <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. | <sup>1</sup>As 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. <br><sup>2</sup> Includes 1-4 family residential construction. |

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**Asset Quality:**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| Net charge-offs (recoveries) | $5024 | $9053 | $13547 | $631 | $(462) | $28255 | $20377 |
| Allowance for credit losses | $85016 | $84040 | $82993 | $91790 | $88221 | $85016 | $88221 |
| Nonperforming loans, including nonaccrual loans, and accrual loans greater than 90 days past due | $60771 | $69641 | $54841 | $78590 | $69050 | $60771 | $69050 |
| Nonperforming assets | $72285 | $83059 | $67893 | $83504 | $74188 | $72285 | $74188 |
| Ratio of net charge-offs (recoveries) to average loans outstanding | 0.30% | 0.55% | 0.83% | 0.04% | (0.03)% | 0.43% | 0.32% |
| Allowance for credit losses to loans outstanding | 1.27% | 1.26% | 1.28% | 1.42% | 1.38% | 1.27% | 1.38% |
| Allowance for credit losses to nonperforming loans | 139.90% | 120.68% | 151.33% | 116.80% | 127.76% | 139.90% | 127.76% |
| Nonperforming loans to loans | 0.91% | 1.04% | 0.84% | 1.21% | 1.08% | 0.91% | 1.08% |
| Nonperforming assets to total assets | 0.85% | 0.98% | 0.80% | 1.02% | 0.92% | 0.85% | 0.92% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** |
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands, except share and per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* | *Tangible stockholders' equity to tangible assets:* |
| Total stockholders' equity (GAAP) | $1153356 | $1127513 | $1095402 | $1068295 | $1041366 | $1153356 | $1041366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Goodwill and other intangible assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | (93483) | (93483) | (93483) | (93483) | (93483) | (93483) | (93483) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | (4983) | (5650) | (6228) | (6806) | (7434) | (4983) | (7434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity (non-GAAP) | $1054890 | $1028380 | $995691 | $968006 | $940449 | $1054890 | $940449 |
| Total assets (GAAP) | $8485162 | $8495437 | $8435861 | $8216458 | $8097387 | $8485162 | $8097387 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Goodwill and other intangible assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | (93483) | (93483) | (93483) | (93483) | (93483) | (93483) | (93483) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | (4983) | (5650) | (6228) | (6806) | (7434) | (4983) | (7434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible assets (non-GAAP) | $8386696 | $8396304 | $8336150 | $8116169 | $7996470 | $8386696 | $7996470 |
| Total stockholders' equity to total assets (GAAP) | 13.59% | 13.27% | 12.99% | 13.00% | 12.86% | 13.59% | 12.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Impact of goodwill and other intangible assets | (1.01)% | (1.02)% | (1.05)% | (1.07)% | (1.10)% | (1.01)% | (1.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity to tangible assets (non-GAAP) | 12.58% | 12.25% | 11.94% | 11.93% | 11.76% | 12.58% | 11.76% |
| *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* | *Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax:* |
| Tangible stockholders' equity (non-GAAP) | $1054890 | $1028380 | $995691 | $968006 | $940449 | $1054890 | $940449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net unrealized losses on HTM securities, net of tax | (3320) | (3432) | (4238) | (3803) | (4292) | (3320) | (4292) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity less net unrealized losses on HTM securities, net of tax (non-GAAP) | $1051570 | $1024948 | $991453 | $964203 | $936157 | $1051570 | $936157 |
| Tangible assets (non-GAAP) | $8386696 | $8396304 | $8336150 | $8116169 | $7996470 | $8386696 | $7996470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net unrealized losses on HTM securities, net of tax | (3320) | (3432) | (4238) | (3803) | (4292) | (3320) | (4292) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible assets less net unrealized losses on HTM securities, net of tax (non-GAAP) | $8383376 | $8392872 | $8331912 | $8112366 | $7992178 | $8383376 | $7992178 |
| Tangible stockholders' equity to tangible assets (non-GAAP) | 12.58% | 12.25% | 11.94% | 11.93% | 11.76% | 12.58% | 11.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Impact of net unrealized losses on HTM securities, net of tax | (0.04)% | (0.04)% | (0.04)% | (0.04)% | (0.05)% | (0.04)% | (0.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax (non-GAAP) | 12.54% | 12.21% | 11.90% | 11.89% | 11.71% | 12.54% | 11.71% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** |
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands, except share and per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* | *Tangible book value per share:* |
| Total stockholders' equity (GAAP) | $1153356 | $1127513 | $1095402 | $1068295 | $1041366 | $1153356 | $1041366 |
| Tangible stockholders' equity (non-GAAP) | $1054890 | $1028380 | $995691 | $968006 | $940449 | $1054890 | $940449 |
| Total shares outstanding | 27887337 | 27854764 | 27834525 | 27753918 | 27709679 | 27887337 | 27709679 |
| Book value per share (GAAP) | $41.36 | $40.48 | $39.35 | $38.49 | $37.58 | $41.36 | $37.58 |
| Tangible book value per share (non-GAAP) | $37.83 | $36.92 | $35.77 | $34.88 | $33.94 | $37.83 | $33.94 |
| *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* | *Adjusted net income:* |
| Net income (GAAP) | $24807 | $23174 | $26386 | $23569 | $16350 | $97936 | $75628 |
| &nbsp;&nbsp;&nbsp;Add: Adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses, net of tax | 2116 | 238 | 215 |  | 5799 | 2569 | 9949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename, net of tax |  |  |  |  | 625 |  | 625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs, net of tax |  |  |  |  | 1542 |  | 1542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments, net of tax | 2116 | 238 | 215 |  | 7966 | 2569 | 12116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income (non-GAAP) | $26923 | $23412 | $26601 | $23569 | $24316 | $100505 | $87744 |
| *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* | *Adjusted diluted earnings per share:* |
| Diluted earnings per share (GAAP) | $0.88 | $0.82 | $0.93 | $0.83 | $0.58 | $3.47 | $2.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Impact of adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses, net of tax | 0.07 | 0.01 | 0.01 |  | 0.21 | 0.09 | 0.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename, net of tax |  |  |  |  | 0.02 |  | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs, net of tax |  |  |  |  | 0.05 |  | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted diluted earnings per share (non-GAAP) | $0.95 | $0.83 | $0.94 | $0.83 | $0.86 | $3.56 | $3.13 |
| *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* | *Adjusted return on average total assets:* |
| Return on average total assets (ROAA) (GAAP) | 1.17% | 1.09% | 1.28% | 1.20% | 0.81% | 1.18% | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Impact of adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses, net of tax | 0.10% | 0.01% | 0.01% | —% | 0.28% | 0.03% | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename, net of tax | —% | —% | —% | —% | 0.03% | —% | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs, net of tax | —% | —% | —% | —% | 0.08% | —% | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted ROAA (non-GAAP) | 1.27% | 1.10% | 1.29% | 1.20% | 1.20% | 1.21% | 1.12% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** |
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands, except share and per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* | *Adjusted return on average stockholders' equity:* |
| Return on average stockholders' equity (ROACE) (GAAP) | 8.58% | 8.22% | 9.74% | 9.03% | 6.22% | 8.88% | 7.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Impact of adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses, net of tax | 0.73% | 0.09% | 0.08% | —% | 2.19% | 0.23% | 1.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename, net of tax | —% | —% | —% | —% | 0.24% | —% | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs, net of tax | —% | —% | —% | —% | 0.59% | —% | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted ROACE (non-GAAP) | 9.31% | 8.31% | 9.82% | 9.03% | 9.24% | 9.11% | 8.77% |
| *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* | *Return on average tangible stockholders' equity* |
| Return on average stockholders' equity (ROACE) (GAAP) | 8.58% | 8.22% | 9.74% | 9.03% | 6.22% | 8.88% | 7.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Impact from goodwill and other intangible assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 0.81% | 0.81% | 0.98% | 0.94% | 0.67% | 0.88% | 0.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | 0.19% | 0.17% | 0.19% | 0.21% | 0.47% | 0.19% | 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return on average tangible stockholders' equity (ROATCE) (non-GAAP) | 9.58% | 9.20% | 10.91% | 10.18% | 7.36% | 9.95% | 8.74% |
| *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* | *Adjusted return on average tangible stockholders' equity:* |
| Return on average tangible stockholders' equity (ROATCE) (non-GAAP) | 9.58% | 9.20% | 10.91% | 10.18% | 7.36% | 9.95% | 8.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Impact of adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses, net of tax | 0.80% | 0.10% | 0.09% | —% | 2.45% | 0.26% | 1.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename, net of tax | —% | —% | —% | —% | 0.26% | —% | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs, net of tax | —% | —% | —% | —% | 0.65% | —% | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted ROATCE (non-GAAP) | 10.38% | 9.30% | 11.00% | 10.18% | 10.72% | 10.21% | 10.09% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** | **Non-GAAP Financial Measures and Reconciliations:** |
| | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the three months ended** | **As of and for the year ended** | **As of and for the year ended** |
| *($ in thousands, except share and per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<br>2024** |
| *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* | *Adjusted total noninterest expense:* |
| Total noninterest expense (GAAP) | $72041 | $68901 | $68110 | $62722 | $73673 | $271774 | $264040 |
| &nbsp;&nbsp;&nbsp;Less: Adjustments: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | (2217) | (241) | (285) |  | (8010) | (2743) | (13178) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename |  |  |  |  | (828) |  | (828) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs |  |  |  |  | (2042) |  | (2042) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments | (2217) | (241) | (285) |  | (10880) | (2743) | (16048) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted total noninterest expense (non-GAAP) | $69824 | $68660 | $67825 | $62722 | $62793 | $269031 | $247992 |
| *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* | *Adjusted efficiency ratio:* |
| Efficiency ratio (GAAP) | 65.37% | 64.22% | 64.52% | 65.19% | 74.66% | 64.82% | 68.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Impact of adjustments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | (2.01)% | (0.22)% | (0.27)% | —% | (8.12)% | (0.65)% | (3.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-off of Guardian Mortgage tradename | —% | —% | —% | —% | (0.84)% | —% | (0.21)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disposal of ATMs | —% | —% | —% | —% | (2.07)% | —% | (0.53)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (non-GAAP) | 63.36% | 64.00% | 64.25% | 65.19% | 63.63% | 64.17% | 64.13% |
| *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* | *Fully tax equivalent ("FTE") net interest income and net interest margin:* |
| Net interest income (GAAP) | $83461 | $80953 | $78499 | $74478 | $77047 | $317391 | $296910 |
| Gross income effect of tax exempt income | 1156 | 1225 | 1204 | 1192 | 1161 | 4777 | 4767 |
| &nbsp;&nbsp;&nbsp;&nbsp;FTE net interest income (non-GAAP) | $84617 | $82178 | $79703 | $75670 | $78208 | $322168 | $301677 |
| Average earning assets | $7916085 | $7888042 | $7727556 | $7423376 | $7492248 | $7740525 | $7320696 |
| Net interest margin | 4.18% | 4.07% | 4.07% | 4.07% | 4.09% | 4.10% | 4.06% |
| Net interest margin on FTE basis (non-GAAP) | 4.23% | 4.12% | 4.13% | 4.13% | 4.15% | 4.16% | 4.12% |

---

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**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

## Exhibit 99.2

![](a4q25earningspresentatio001.jpg)

4Q2025 Earnings Presentation January 26, 2026 FirstSun Capital Bancorp NASDAQ: FSUN

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![](a4q25earningspresentatio002.jpg)

FirstSun Capital Bancorp \| 2 Disclaimers Forward Looking Statements This presentation contains forward-looking information and statements by FirstSun Capital Bancorp (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", and "outlook" or other similar expressions, and in this presentation include our outlook regarding our loan portfolio, deposit mix, net interest income, noninterest income, noninterest expense, asset quality, capital and liquidity, as well as our 2026 Full Year Standalone Financial Outlook and related notes and assumptions. All statements in this presentation speak only as of the date they are made. Except as required by law, we do not intend or assume any obligation to update, revise or clarify any forward-looking statements that may be made from time to time by or on behalf of the Company, whether because of new information, future events or otherwise. 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 (including anticipated Federal Reserve rate cuts that might not occur) 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, and geopolitical instability; the possibility that our previously announced merger with First Foundation Inc. ("First Foundation) does not close when expected or at all because required regulatory, stockholder or other approvals and conditions to closing are not received or satisfied on a timely basis or at all; the possibility that the proposed First Foundation merger, including the re- positioning strategy, will not be completed as planned, or achieve the anticipated benefits; the diversion of management's attention from ongoing business operations and opportunities due to the proposed First Foundation merger; the occurrence of any event, change or other circumstances that could give rise to the termination of the First Foundation merger agreement; the possibility that the anticipated benefits of the proposed First Foundation merger, including anticipated cost savings and synergies, are not realized when expected or at all, including because of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy, competitive factors in the areas where we do business, or because of other unexpected factors or events; and other general competitive, economic, business, market and political conditions. 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 the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents subsequently filed by the Company with the SEC, including its Quarterly Reports on Form 10-Q. 2026 Outlook - Basis and Limitations Our 2026 Standalone Full Year Financial Outlook and 2026 Outlook (collectively, the "outlook") reflects management's current expectations regarding certain financial and operating metrics and related assumptions as of January 26, 2026. Unless otherwise noted, outlook metrics represent full-year expectations on a standalone basis (Company only) and exclude the financial impact of the pending First Foundation merger. The outlook is 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, except as required by law. Forward-looking non-GAAP measures appearing in the outlook should be read together with "Use of Non-GAAP Measures."

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![](a4q25earningspresentatio003.jpg)

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, such as "Adjusted Net Income", "Adjusted Return on Average Total Assets", "Return on Average Tangible Stockholders Equity", "Adjusted Return on Average Tangible Stockholders' Equity", "Adjusted Diluted Earnings Per Share", "Adjusted and Pre-tax Pre-provision Return on Average Assets", "Adjusted Efficiency Ratio", "TBV per Share", "Price / TBV", "Price / LTM Adjusted EPS", and "Credit Adjusted NIM". 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 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. Day-Count Convention Annualized ratios are presented utilizing the Actual/Actual day-count convention. Annualized ratios have been recalculated to conform to the current presentation for periods prior to March 31, 2025. 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.

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![](a4q25earningspresentatio004.jpg)

FirstSun Capital Bancorp \| 4 Corporate Profile Operating in 5 of the Top 10 Fastest Growing MSAs1 # 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 7 of the 10 Largest MSAs in the Southwest & Western US2 # 1 Southern CA3 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 1,177 Employees 71 Licensed Branches 44 States with Mortgage Capabilities Headquarters: FirstSun: Denver, CO Sunflower Bank: Dallas, TX Key Facts and Statistics4 $1.0B $37.64 0.99x $37.83 10.60x Market Cap Price per Share Price / TBV6 TBV per Share6 Price / LTM Adjusted Diluted EPS6 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. 1Defined as MSAs with population over 2 million. 2Defined as states west of the Mississippi River. 3The MSA of Southern California includes Los Angeles, Long Beach, and Anaheim; excludes San Diego and Ontario, CA. 4As of Dec 31, 2025. 5As of Oct 31, 2025. 6Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. $8.5B Total Assets $7.1B Total Deposits $6.7B Loans HFI Franchise Footprint4

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![](a4q25earningspresentatio005.jpg)

FirstSun Capital Bancorp \| 5 Unique High Growth Franchise Universe Size Attractive Footprint3 Strong Fee Income Lending Focus Growth ~ 40 Banks 1 Bank Banks West of the Mississippi River Banks with Total Assets $5B - $20B MRQ Fee Income / Rev. > 20% Specialized C&I Lending1 Loan Growth2 > 10% With scale in markets with leading projected population growth and household income Critical Mass in Key US Markets Durable & Growing Earnings Differentiated Platform Strong Growth Momentum Critical Mass 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 30% or greater of total loan portfolio. 2Loan Growth represents CAGR calculated from December 31, 2018 to December 31, 2025. 3MSAs ranked by population size west of the Mississippi River.

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![](a4q25earningspresentatio006.jpg)

FirstSun Capital Bancorp \| 6 Investment Thesis — Focused Strategy Southwest & Western geography with a mix of metro and community markets C&I business focus with a disciplined and careful CRE exposure to core customers in our geography Vertical lending expertise provides true alternative to larger banks Core deposit funded franchise Financial service income at high end of peers Tenured management team

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![](a4q25earningspresentatio007.jpg)

FirstSun Capital Bancorp \| 7 Efficiency Ratio 64.82% 64.17% Reported Adjusted1 Full Year 2025 Results 2024 Highlights • Reported Net Income of $97.9 million, or diluted EPS of $3.47, on Revenue of $419.3 million • Strong adjusted PTPP ROAA of 1.78%, ROAA of 1.18%, ROTCE of 9.46% • Maintained a healthy full year NIM (FTE) of 4.16% • Increased tangible book value per share $3.89 or 11.46% • Maintained strong capital ratios with CET1 at 14.12% and TCE/ TA at 12.58% • Executed on organic growth opportunities across our franchise • Grew customers and deepened relationships • Plans for two new branch openings in southern California • KBRA Ratings Renewed • Confident positioning heading into 2025 Net Income $97.9 million $100.5 million Reported Adjusted1 Diluted EPS $3.47 $3.56 Reported Adjusted1 PTPP ROAA1 1.78% 1.82% Reported1 Adjusted1 Net Charge-Offs to Average Loans2 0.43% ROAA 1.18% 1.21% Reported Adjusted1 Noninterest Income to Total Revenue3 24.3% ROATCE1 9.95% 10.21% Reported1 Adjusted1 CET1 14.12% Net Interest Margin 4.10% Full Year 2025 Highlights 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. 4Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. Adjusted operating leverage reflects the change in total revenue over the change in adjusted total noninterest expense. • Diluted EPS increase of 29.0% over 2024; Adjusted Diluted EPS1 increase of 13.7% over 2024 • Total revenue3 of $419.3 million, an 8.4% increase over 2024 ◦ Operating leverage growth of $24.8 million over 2024; Adjusted operating leverage4 growth of $11.5 million over 2024 • Continued strong NIM of 4.10%, up 4 basis points over 2024 • Average loan growth2 of 3.2% over 2024 • Average deposit growth of 6.6% over 2024 • Increased tangible book value per share1 by $3.89 or 11.5% over 2024 • Efficiency Ratio of 64.82%; Adjusted Efficiency Ratio1 of 64.17% EOP Deposit Growth 6.5% EOP Loan Growth2 4.7%

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![](a4q25earningspresentatio008.jpg)

FirstSun Capital Bancorp \| 8 Fourth Quarter 2025 Results 2025 Q4 HighlightsNet Income $24.8 million $26.9 million Reported Adjusted1 Diluted EPS $0.88 $0.95 Reported Adjusted1 PTPP ROAA1 1.79% 1.90% Reported1 Adjusted1 Noninterest Income to Total Revenue3 24.3% ROAA 1.17% 1.27% Reported Adjusted1 Net Interest Margin 4.18% ROATCE1 9.58% 10.38% Reported1 Adjusted1 Net Charge-Offs to Average Loans2 0.30% Annualized Average Loan Growth2 8.5% Annualized Deposit Growth 0.1% • Diluted EPS increase of 7.3% over Q3; Adjusted Diluted EPS1 increase of 14.5% over Q3 • Total revenue3 of $110.2 million, a 2.7% increase over Q3 ◦ Operating leverage decline of $0.2 million over Q3; Adjusted operating leverage4 growth of $1.8 million over Q3 • Continued strong NIM of 4.18%, up 11 basis points over Q3 • Increased tangible book value1 per share by $0.91 or 2.46% over Q3 • Efficiency ratio: 65.37%; Adjusted Efficiency ratio1: 63.36% • Loan to deposit ratio: 93.9% • CET 1 of 14.12% 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. 4Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. Adjusted operating leverage reflects the change in total revenue over the change in adjusted total noninterest expense.

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![](a4q25earningspresentatio009.jpg)

FirstSun Capital Bancorp \| 9 Loan Portfolio Trends Portfolio Composition 44.0% 10.5% 11.1% 7.2% 18.3% 7.5% 1.4% 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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $200 $300 $400 $500 $600 Average Total Loans and Yield $6,481,701 $6,420,710 $6,620,493 $6,667,158 $6,825,404 6.51% 6.36% 6.43% 6.49% 6.37% Average Loans HFI + HFS Loan Yield Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 1 Regulatory CRE consists of commercial and residential construction, multifamily and non-owner occupied CRE. ($ in thousands) • Average balances up 8.5%, annualized over Q3 • 3% decrease in line utilization over Q3 • Low overall regulatory CRE1 to total capital level of 113% • Office CRE composition 4% of loans: NOO of $48.9 million; OO of $215.5 million ◦ Not central business district properties • Loans to nondepository financial institutions comprise less than 7% of loans ◦ 98% pass graded • C&I lending emphasis • Maintain variable vs fixed portfolio mix ◦ ~ 65% variable (~ 55% repricing w/in 1 year): ▪ ~ 40% reprices monthly (< 30 days) ▪ ~ 15% reprices w/in months 2-12 Quarter Highlights 2026 Outlook

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![](a4q25earningspresentatio010.jpg)

FirstSun Capital Bancorp \| 10 Deposit Trends Average Deposit Composition $7,075,390 $7,080,213 $6,945,433 $6,643,022 $6,627,469 Noninterest-bearing Interest-bearing demand and NOW Savings Money Market Certificates of deposit Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Cost of Deposits 2.85% 2.73% 2.78% 2.81% 2.60% 2.17% 2.10% 2.15% 2.16% 1.98% Int-bearing deposits Total Deposits Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Loan to Deposit Ratio 95.6% 94.3% 91.6% 94.0% 93.9% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ($ in thousands) • EOP balances up 0.1%, annualized over Q3 • Continued mix shift ◦ MMKT increased to 41.3% from 39.9% at Q3 ◦ CDs decreased to 18.2% from 19.0% at Q3 • Commercial business deposits represented 45% of total deposits and represented 75% of non- interest bearing deposits • Continued mix shift ◦ High teens CD balance decline ◦ High teens MMDA growth ◦ Low 20s IBDD balance growth ◦ Mid single digit NIB growth Quarter Highlights 2026 Outlook 23.6% 12.0% 5.4% 39.9% 19.0% 24.0% 11.2% 5.6% 39.0% 20.1% 22.9% 10.9% 5.9% 37.4% 22.9% 23.1% 11.0% 6.0% 36.4% 23.5% 23.2% 11.9% 5.3% 41.3% 18.2% Beta - Current Cycle = 31%1 1Change in cost of interest bearing deposits from Q3 2024 to Q4 2025, divided by the cumulative rate cut of 1.75% since the beginning of the current rate-cutting cycle.

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![](a4q25earningspresentatio011.jpg)

FirstSun Capital Bancorp \| 11 NIM Bridge 4.07% 0.01% (0.12)% 0.22% 4.18% Q3 2025 Loans Other IB Assets IB Liabilities Q4 2025 Loan Yield, NIM, Cost of Funds 6.51% 6.36% 6.43% 6.49% 6.37% 4.09% 4.07% 4.07% 4.07% 4.18% 2.27% 2.16% 2.19% 2.22% 2.00% Loan Yield NIM Cost of Funds Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Net Interest Income $77,047 $74,478 $78,499 $80,953 $83,461 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Loan Repricing Mix December 31, 2025 32% 54% 11% 3% Fixed SOFR Prime Other Net Interest Income & Net Interest Margin Trends ($ in thousands) • NII growth of 12.3%, annualized over Q3 • Stability of NIM - trailing 13 qtrs above 4.00% ◦ Balance sheet composition • Growth in NIM to 4.18% largely driven by funding cost improvement of 22 basis points Quarter Highlights YoY Growth 8.3% 1Components of the NIM bridge reflect the changes relative to average total earnings assets at each respective period. 2Includes loans held-for-investment, including nonaccrual loans, and loans held-for-sale. 12

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![](a4q25earningspresentatio012.jpg)

FirstSun Capital Bancorp \| 12 Noninterest Income Trends Noninterest Income Composition $26,744 $26,333 $27,073 $21,729 $21,635 $12,102 $12,641 $13,274 $9,055 $9,631 $4,544 $4,402 $4,333 $4,194 $3,982 $2,744 $2,671 $2,728 $2,586 $2,706 $2,116 $2,162 $2,016 $2,027 $2,219 $1,515 $1,536 $1,473 $1,421 $1,436 $3,723 $2,921 $3,249 $2,446 $1,661 Mortgage Banking Services Treasury Management Service Fees Credit and Debit Card Service Fees Service Charges on Deposit Accounts Trust and Investment Advisory Fees Other Noninterest Income Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 ($ in thousands) Quarter Highlights 1Total revenue is net interest income plus noninterest income. • 645% growth in loan syndication and swap revenue over Q3, partially offset by 4% decline but seasonally strong mortgage revenues from Q3 • Continued strong growth in Treasury Management Service Fees, up 13%, annualized over Q3 Mortgage Banking Services Composition 13.4% (0.1)% 15.3% 12.0% 7.9% 45.6% 49.8% 35.0% 37.4% 39.6% 41.0% 50.4% 49.7% 50.6% 52.5% 9.8% 9.4% 12.6% 11.8% 11.0% MSR, net Mortgage servicing revenue Origination revenue Percent of total revenue Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 —% 50.0% 100.0% Mortgage Originations 2.76% 2.93% 2.88% 3.04% 2.79% Total Secondary GoS margin Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $—M $150M $300M $450M 1

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![](a4q25earningspresentatio013.jpg)

FirstSun Capital Bancorp \| 13 Noninterest Expense Trends Noninterest Expense Composition $72,041 $68,901 $68,110 $62,722 $73,673 $43,520 $44,822 $43,921 $39,561 $38,498 $9,576 $9,591 $9,541 $9,536 $9,865 $16,100 $13,669 $13,785 $12,997 $15,869 $8,010 Salaries and Employee Benefits Occupancy and Equipment Amortization of Intangible Assets Other Noninterest Expenses Merger Related Expenses Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Efficiency Ratio 74.66% 65.19% 64.52% 64.22% 65.37% 63.63% 64.25% 64.00% 63.36% Adjusted Efficiency Ratio Efficiency Ratio Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ($ in thousands) 1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. • Noninterest expenses increased 4.6% compared to Q3 primarily driven by merger related expenses and other noninterest expenses ◦ Accelerated deferred expenses on the redemption of subordinated notes ◦ OREO related expenses • Managed expense across all categories • Expect to continue investment in building out our franchise organically (sales force & infrastructure) ◦ Investing in growth markets Quarter Highlights 2026 Outlook 1

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![](a4q25earningspresentatio014.jpg)

FirstSun Capital Bancorp \| 14 Asset Quality Trends Net Charge-Offs (Recoveries) $(462) $631 $13,547 $9,053 $5,024 Commercial and Industrial Public Finance Commercial Real Estate, Residential Real Estate, Consumer and Other Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Allowance for Credit Losses $88,221 $91,790 $82,993 $84,040 $85,016 1.38% 1.42% 1.28% 1.26% 1.27% ACL ACL to Loans Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Nonperforming Loans $69,050 $78,590 $54,841 $69,641 $60,771 1.08% 1.21% 0.84% $— $— Nonperforming Loans Nonperforming Loans to Total Loans Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ($ in thousands) ($ in thousands)($ in thousands) • Classified loans trended down 5% over Q3 • Loan loss provisioning in Q4: ◦ Impacts from net portfolio downgrades Quarter Highlights Outlook • Net charge-off ratio in high 30's to Low 40's in bps • ACL in mid 120's in bps Nonperforming Loans $69,050 $78,590 $54,841 $69,641 $60,771 1.08% 1.21% 0.84% 1.04% 0.91% Commercial and Industrial Residential Real Estate Commercial Real Estate Public Finance Consumer and Other Nonperforming Loans to Loans Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $— $30,000 $60,000 $90,000

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![](a4q25earningspresentatio015.jpg)

FirstSun Capital Bancorp \| 15 Asset Quality Trends (cont'd) ($ in thousands) ($ in thousands) ACL & NCO %s 1.18% 1.12% 1.28% 1.38% 1.27% 0.09% (0.01)% 0.13% 0.32% 0.43% 0.19% ACL to Loans Net Charge-Off (Recoveries) % Trailing 5 Year NCO % 2021 2022 2023 2024 2025 Provision for Credit Losses & Net Charge-Offs $3,000 $18,050 $18,247 $27,550 $24,600 $3,219 $(320) $7,810 $20,377 $28,255 Provision for Credit Losses Net Charge-Offs 2021 2022 2023 2024 2025 Nonperforming Loans $28,388 $29,067 $63,143 $69,050 $60,771 0.70% 0.49% 1.01% 1.08% 0.91% Commercial and Industrial Residential Real Estate Commercial Real Estate Public Finance Consumer and Other Nonperforming Loans to Loans 2021 2022 2023 2024 2025 $— $30,000 $60,000 $90,000 Credit Risk-Adjusted Returns NIM NCO Earning Assets Adj.2 Credit Adjusted NIM1 1 Year Average 4.10% (0.43)% 0.07% 3.74% 3 Year Average 4.13% (0.29)% 0.04% 3.88% 5 Year Average 3.84% (0.19)% 0.03% 3.68% 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.

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FirstSun Capital Bancorp \| 16 Capital and Liquidity Total Capital Ratio 15.42% 15.52% 15.94% 15.81% 15.73% 11.0% Total Capital Ratio Capital Operating Threshold Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Common Equity Tier 1 Capital Ratio 13.18% 13.26% 13.78% 13.79% 14.12% 8.0% CET1 Capital Operating Threshold Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 3.00% 6.00% 9.00% 12.00% 15.00% ($ in thousands) • Wholesale funding reliance of 6% • Cash to total assets of 8% • AOCI & HTM unrealized loss, net of tax to total equity of 3% • CET 1 of 14.12% Quarter Highlights 2026 Outlook • Liquidity & IRR ◦ Maintain historical solid liquidity positioning across multiple sources ◦ Maintain balance sheet strength and relative neutrality to downward/ upward rates (-/+ 100bps) • Capital ◦ Support organic growth through earnings ◦ Opportunistic M&A $3.8B Immediate Borrowing Availability 1Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. 1

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FirstSun Capital Bancorp \| 17 Consistent Long Term Strategy Key Southwest and Western Growth Markets 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 5 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 Low 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 Distribution Across Deposit Rich Markets Advantageous Funding Solid Core Earnings Progression Sound Risk and Compliance Programs Opportunistic Acquisition Readiness 1 2 3 4 5 1Defined as MSAs with population over 2 million.

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FirstSun Capital Bancorp \| 18 2026 Full Year Standalone Financial Outlook1 Business Driver FY 2026 Notes and Assumptions Loans (AVG) Ratable Mid Single Digit Growth Rate Primarily driven by net C&I production Deposits (AVG) Ratable Mid Single Digit Growth Rate Loan to Deposit ratio in mid 90's Investment Securities (AVG) Relatively Flat Maintain strategic focus on liquidity and collateral eligibility Net Interest Income (vs. 2025 of $317.4 million) Mid Single Digit Growth Rate Two Fed 25bps rate cuts by end of year; NIM remaining stable Noninterest Income (vs. 2025 of $101.9 million) Low Double Digit to Low Teens Growth Rate Higher growth in mortgage and treasury management; Mid 20's noninterest income to total revenue mix Adjusted Noninterest Expense2 (vs. adjusted 20253 of $269.0 million) Mid to High Single Digit Growth Rate Adjusted Efficiency Ratio2 Mid 60s Average for the year Net Charge Offs / Avg Loans Mid to High 20s in bps ACL to loans in mid to high 120s in bps Tax Rate 20 - 22% CET1 Ratio Consistent 1Our 2026 Full Year Standalone Financial Outlook and related notes and assumptions contain forward-looking statements. See "Disclaimers" beginning on slide 2. 2026 expectations assume no material changes to current regional and national macroeconomic environment. Our 2026 Full Year Standalone Financial Outlook excludes the financial impact of our pending merger with First Foundation, Inc. 2Adjusted noninterest expense and adjusted efficiency ratio are forward-looking non-GAAP measures 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. 3Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation.

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FirstSun Capital Bancorp \| 19 Appendix

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FirstSun Capital Bancorp \| 20 C&I Portfolio by Industry Industry1 ($ in millions) Balance Q4 2025 Change from Q3 2025 Average Loan Size Finance and Insurance $527.3 10.6% $4.3 Information (Technology, Media and Telecommunications) 368.7 (4.9)% 4.2 Healthcare 295.1 (7.9)% 0.5 Manufacturing 284.1 (6.0)% 2.0 Real Estate and Rental and Leasing 282.9 7.0% 2.4 Construction 225.9 (1.7)% 1.0 Professional, Scientific, and Technical Services 204.4 (1.9)% 1.5 Other Services2 189.1 (16.7)% 1.1 Wholesale Trade 187.2 19.5% 2.2 Transportation and Warehousing 105.8 11.7% 1.3 Retail Trade 82.3 (13.7)% 1.7 Arts, Entertainment, and Recreation 36.5 (7.6)% 4.6 Utilities 15.3 (7.4)% 7.6 Other 133.2 5.9% 7.0 $2,938 18% 13% 10% 10% 10% 8% 7% 6% 6% 4% 3% 1% 1% 5% % of Total C&I Loans \*Amounts may not total due to rounding. 1These segments are based on two-digit NAICS industry divisions. 2Includes Administrative and Support, Waste Management and Remediation Services, and Public Administration. Average Loan Size Change from Q3 2025 $4.3 10.6% 4.2 (4.9)% 0.5 (7.9)% 2.0 (6.0)% 2.4 7.0% 1.0 (1.7)% 1.1 (16.7)% 1.5 (1.9)% 2.2 19.5% 1.7 (13.7)% 1.3 11.7% 4.6 (7.6)% 7.6 (7.4)% 7.0 5.9%

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FirstSun Capital Bancorp \| 21 Total Criticized Loans Held-for-Investment \* Amounts may not total due to rounding. 1 These segments are based on two-digit NAICS industry divisions. Criticized Loans by Risk Grade $285.2 $278.8 $263.5 $291.7 $311.7 $106.8 $93.7 $94.0 $130.1 $158.9 $110.8 $106.6 $114.9 $91.9 $92.7 $66.9 $50.9 $36.0 $59.9 $58.7 $27.6 $18.7 $9.7 4.5% 4.3% 4.1% 4.4% 4.7% Special Mention Substandard - Accruing Substandard - Nonaccrual Doubtful Criticized loans to total loans Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Criticized Loans by Industry $58.5 $22.4 $37.1 $19.0 $20.7 $43.4 $21.8 $9.1 $31.3 $24.2 $0.6 $23.6 $53.4 $38.8 $50.8 $27.0 $23.0 $10.4 $20.6 $0.1 $9.5 $27.1 $12.1 $12.5 Q4 2025 Q4 2024 Construction Real Estate and Rental and Leasing Healthcare Manufacturing Other Services Transportation and Warehousing Residential Mortgage Finance and Insurance Professional, Scientific, and Technical Services Information (Technology, Media and Telecommunications) Education Services Other 1 Example Total Return Performance Special Mention Substandard - Accruing Substandard - Nonaccrual Loss Doubtful Criticized loans to total loans Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $—M $100.0M $200.0M $300.0M $400.0M $—M $8.0M $16.0M $24.0M $32.0M Example Total Return Perform nce ABC Company ABC Company NASDAQ Composite Widget Subcategory CEO Compensation 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 0 100 200 300 400 40 60 80 100 120 ($ in millions) ($ in millions)

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FirstSun Capital Bancorp \| 22 ~ 63%2 of Total Deposits are FDIC-Insured Granular Deposit Base1 Customer Base 129,000 Consumer Accounts Granular Deposit Base $27,000 Avg. Account Balance Customer Base 12,700 Commercial Business Accounts Granular Deposit Base $248,000 Avg. Account Balance $7.1 Billion Total Deposits Deposits by State3 $2.4B Texas 21 branches $1.6B Kansas 23 branches $1.2B New Mexico 9 branches $0.8B Colorado 11 branches $0.5B Arizona 4 branches ~ 71%2 of Total Deposits are FDIC-Insured + Collateralized 1As of December 31, 2025. 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. $0.3B California 2 branches $0.0B Washington 1 branch

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FirstSun Capital Bancorp \| 23 Financial Summary As of and for the three months ended As of and for the year ended ($ in thousands, except per share amounts) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net interest income $83,461 $80,953 $78,499 $74,478 $77,047 $317,391 $296,910 Provision for credit losses 6,200 10,100 4,500 3,800 4,850 24,600 27,550 Noninterest income 26,744 26,333 27,073 21,729 21,635 101,879 89,792 Noninterest expense 72,041 68,901 68,110 62,722 73,673 271,774 264,040 Income before income taxes 31,964 28,285 32,962 29,685 20,159 122,896 95,112 Provision for income taxes 7,157 5,111 6,576 6,116 3,809 24,960 19,484 Net income 24,807 23,174 26,386 23,569 16,350 97,936 75,628 Adjusted net income1 26,923 23,412 26,601 23,569 24,316 100,505 87,744 Weighted average common shares outstanding, diluted 28,262,530 28,291,778 28,232,319 28,293,912 28,290,474 28,249,796 28,067,273 Diluted earnings per share $0.88 $0.82 $0.93 $0.83 $0.58 $3.47 $2.69 Adjusted diluted earnings per share1 $0.95 $0.83 $0.94 $0.83 $0.86 $3.56 $3.13 Return on average total assets 1.17 % 1.09 % 1.28 % 1.20 % 0.81 % 1.18 % 0.96 % Adjusted return on average total assets1 1.27 % 1.10 % 1.29 % 1.20 % 1.20 % 1.21 % 1.12 % Pre-tax pre provision return on average assets1 1.79 % 1.81 % 1.82 % 1.70 % 1.24 % 1.78 % 1.56 % Adjusted pre-tax pre provision return on average assets1 1.90 % 1.82 % 1.83 % 1.70 % 1.78 % 1.82 % 1.76 % Return on average tangible stockholders' equity1 9.58 % 9.20 % 10.91 % 10.18 % 7.36 % 9.95 % 8.74 % Adjusted return on average tangible stockholders' equity1 10.38 % 9.30 % 11.00 % 10.18 % 10.72 % 10.21 % 10.09 % Net interest margin 4.18 % 4.07 % 4.07 % 4.07 % 4.09 % 4.10 % 4.06 % Efficiency ratio 65.37 % 64.22 % 64.52 % 65.19 % 74.66 % 64.82 % 68.28 % Adjusted efficiency ratio1 63.36 % 64.00 % 64.25 % 65.19 % 63.63 % 64.17 % 64.13 % Noninterest income to total revenue2 24.3 % 24.5 % 25.6 % 22.6 % 21.9 % 24.3 % 23.2 % Total assets $8,485,162 $8,495,437 $8,435,861 $8,216,458 $8,097,387 $8,485,162 $8,097,387 Loans held-for-sale 100,539 85,250 90,781 65,603 61,825 100,539 61,825 Loans held-for-investment 6,673,180 6,681,629 6,507,066 6,484,008 6,376,357 6,673,180 6,376,357 Total deposits 7,107,356 7,105,415 7,100,164 6,874,239 6,672,260 7,107,356 6,672,260 Total stockholders' equity 1,153,356 1,127,513 1,095,402 1,068,295 1,041,366 1,153,356 1,041,366 Loan to deposit ratio 93.9 % 94.0 % 91.6 % 94.3 % 95.6 % 93.9 % 95.6 % Period end common shares outstanding 27,887,337 27,854,764 27,834,525 27,753,918 27,709,679 27,887,337 27,709,679 Book value per share $41.36 $40.48 $39.35 $38.49 $37.58 $41.36 $37.58 Tangible book value per share1 $37.83 $36.92 $35.77 $34.88 $33.94 $37.83 $33.94 1 Represents a non-GAAP financial measure. See Appendix for Non-GAAP Reconciliation. 2 Total revenue is net interest income plus noninterest income.

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FirstSun Capital Bancorp \| 24 Non-GAAP Reconciliation As of and for the three months ended As of and for the year ended ($ in thousands, except per share amounts) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Tangible stockholders' equity to tangible assets: Total stockholders' equity (GAAP) $1,153,356 $1,127,513 $1,095,402 $1,068,295 $1,041,366 $1,153,356 $1,041,366 Less: Goodwill and other intangible assets Goodwill (93,483) (93,483) (93,483) (93,483) (93,483) (93,483) (93,483) Other intangible assets (4,983) (5,650) (6,228) (6,806) (7,434) (4,983) (7,434) Tangible stockholders' equity (non-GAAP) $1,054,890 $1,028,380 $995,691 $968,006 $940,449 $1,054,890 $940,449 Total assets (GAAP) $8,485,162 $8,495,437 $8,435,861 $8,216,458 $8,097,387 $8,485,162 $8,097,387 Less: Goodwill and other intangible assets Goodwill (93,483) (93,483) (93,483) (93,483) (93,483) (93,483) (93,483) Other intangible assets (4,983) (5,650) (6,228) (6,806) (7,434) (4,983) (7,434) Tangible assets (non-GAAP) $8,386,696 $8,396,304 $8,336,150 $8,116,169 $7,996,470 $8,386,696 $7,996,470 Total stockholders' equity to total assets (GAAP) 13.59 % 13.27 % 12.99 % 13.00 % 12.86 % 13.59 % 12.86 % Less: Impact of goodwill and other intangible assets (1.01) % (1.02) % (1.05) % (1.07) % (1.10) % (1.01) % (1.10) % Tangible stockholders' equity to tangible assets (non- GAAP) 12.58 % 12.25 % 11.94 % 11.93 % 11.76 % 12.58 % 11.76 % Tangible stockholders' equity to tangible assets, reflecting net unrealized losses on HTM securities, net of tax: Tangible stockholders' equity (non-GAAP) $1,054,890 $1,028,380 $995,691 $968,006 $940,449 $1,054,890 $940,449 Less: Net unrealized losses on HTM securities, net of tax (3,320) (3,432) (4,238) (3,803) (4,292) (3,320) (4,292) Tangible stockholders' equity less net unrealized losses on HTM securities, net of tax (non-GAAP) $1,051,570 $1,024,948 $991,453 $964,203 $936,157 $1,051,570 $936,157 Tangible assets (non-GAAP) $8,386,696 $8,396,304 $8,336,150 $8,116,169 $7,996,470 $8,386,696 $7,996,470 Less: Net unrealized losses on HTM securities, net of tax (3,320) (3,432) (4,238) (3,803) (4,292) (3,320) (4,292) Tangible assets less net unrealized losses on HTM securities, net of tax (non-GAAP) $8,383,376 $8,392,872 $8,331,912 $8,112,366 $7,992,178 $8,383,376 $7,992,178 Tangible stockholders' equity to tangible assets (non-GAAP) 12.58 % 12.25 % 11.94 % 11.93 % 11.76 % 12.58 % 11.76 % Less: Impact of net unrealized losses on HTM securities, net of tax (0.04) % (0.04) % (0.04) % (0.04) % (0.05) % (0.04) % (0.05) % Tangible stockholders' equity to tangible assets reflecting net unrealized losses on HTM securities, net of tax (non-GAAP) 12.54 % 12.21 % 11.90 % 11.89 % 11.71 % 12.54 % 11.71 %

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FirstSun Capital Bancorp \| 25 Non-GAAP Reconciliation (cont'd) As of and for the three months ended As of and for the year ended ($ in thousands, except per share amounts) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Tangible book value per share: Total stockholders' equity (GAAP) $1,153,356 $1,127,513 $1,095,402 $1,068,295 $1,041,366 $1,153,356 $1,041,366 Tangible stockholders' equity (non-GAAP) $1,054,890 $1,028,380 $995,691 $968,006 $940,449 $1,054,890 $940,449 Total shares outstanding 27,887,337 27,854,764 27,834,525 27,753,918 27,709,679 27,887,337 27,709,679 Book value per share (GAAP) $41.36 $40.48 $39.35 $38.49 $37.58 $41.36 $37.58 Tangible book value per share (non-GAAP) $37.83 $36.92 $35.77 $34.88 $33.94 $37.83 $33.94 Adjusted net income: Net income (GAAP) $24,807 $23,174 $26,386 $23,569 $16,350 $97,936 $75,628 Add: Adjustments Merger related expenses, net of tax 2,116 238 215 — 5,799 2,569 9,949 Write-off of Guardian Mortgage tradename, net of tax — — — — 625 — 625 Disposal of ATMs, net of tax — — — — 1,542 — 1,542 Total adjustments, net of tax 2,116 238 215 — 7,966 2,569 12,116 Adjusted net income (non-GAAP) $26,923 $23,412 $26,601 $23,569 $24,316 $100,505 $87,744 Adjusted diluted earnings per share: Diluted earnings per share (GAAP) $0.88 $0.82 $0.93 $0.83 $0.58 $3.47 $2.69 Add: Impact of adjustments Merger related expenses, net of tax 0.07 0.01 0.01 — 0.21 0.09 0.36 Write-off of Guardian Mortgage tradename, net of tax — — — — 0.02 — 0.02 Disposal of ATMs, net of tax — — — — 0.05 — 0.06 Adjusted diluted earnings per share (non-GAAP) $0.95 $0.83 $0.94 $0.83 $0.86 $3.56 $3.13 Adjusted return on average total assets: Return on average total assets (ROAA) (GAAP) 1.17 % 1.09 % 1.28 % 1.20 % 0.81 % 1.18 % 0.96 % Add: Impact of adjustments Merger related expenses, net of tax 0.10 % 0.01 % 0.01 % — % 0.28 % 0.03 % 0.13 % Write-off of Guardian Mortgage tradename, net of tax — % — % — % — % 0.03 % — % 0.01 % Disposal of ATMs, net of tax — % — % — % — % 0.08 % — % 0.02 % Adjusted ROAA (non-GAAP) 1.27 % 1.10 % 1.29 % 1.20 % 1.20 % 1.21 % 1.12 %

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FirstSun Capital Bancorp \| 26 Non-GAAP Reconciliation (cont'd) As of and for the three months ended As of and for the year ended ($ in thousands, except per share amounts) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Adjusted pre-tax pre provision return on average assets: Net income (GAAP) $24,807 $23,174 $26,386 $23,569 $16,350 $97,936 $75,628 Add: Income taxes and provision for credit losses Income taxes 7,157 5,111 6,576 6,116 3,809 24,960 19,484 Provision for credit losses 6,200 10,100 4,500 3,800 4,850 24,600 27,550 PTPP net income (non-GAAP) $38,164 $38,385 $37,462 $33,485 $25,009 $147,496 $122,662 Add: Adjustments Merger related expenses 2,217 241 285 — 8,010 2,743 13,178 Write-off of Guardian Mortgage tradename — — — — 828 — 828 Disposal of ATM's — — — — 2,042 — 2,042 Adjusted PTPP Net Income (non-GAAP) $40,381 $38,626 $37,747 $33,485 $35,889 $150,239 $138,710 Return on average total assets (ROAA) (GAAP) 1.17 % 1.09 % 1.28 % 1.20 % 0.81 % 1.18 % 0.96 % Add: Impact of income taxes and provision for credit losses Income taxes 0.34 % 0.24 % 0.32 % 0.31 % 0.19 % 0.30 % 0.25 % Provision for credit losses 0.29 % 0.48 % 0.22 % 0.19 % 0.24 % 0.30 % 0.35 % PTPP ROAA (non-GAAP) 1.79 % 1.81 % 1.82 % 1.70 % 1.24 % 1.78 % 1.56 % Add: Impact of adjustments Merger related expenses 0.10 % 0.01 % 0.01 % — % 0.40 % 0.03 % 0.17 % Write-off of Guardian Mortgage tradename — % — % — % — % 0.04 % — % 0.01 % Disposal of ATMs — % — % — % — % 0.10 % — % 0.03 % Adjusted PTPP ROAA (non-GAAP) 1.90 % 1.82 % 1.83 % 1.70 % 1.78 % 1.82 % 1.76 % Adjusted return on average stockholders' equity Return on average stockholders' equity (ROACE) (GAAP) 8.58 % 8.22 % 9.74 % 9.03 % 6.22 % 8.88 % 7.56 % Add: Impact of adjustments Merger related expenses, net of tax 0.73 % 0.09 % 0.08 % — % 2.19 % 0.23 % 1.00 % Write-off of Guardian Mortgage tradename, net of tax — % — % — % — % 0.24 % — % 0.06 % Disposal of ATMs, net of tax — % — % — % — % 0.59 % — % 0.15 % Adjusted ROACE (non-GAAP) 9.31 % 8.31 % 9.82 % 9.03 % 9.24 % 9.11 % 8.77 %

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FirstSun Capital Bancorp \| 27 Non-GAAP Reconciliation (cont'd) As of and for the three months ended As of and for the year ended ($ in thousands, except per share amounts) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Return on average tangible stockholders' equity: Return on average stockholders' equity (ROACE) (GAAP) 8.58 % 8.22 % 9.74 % 9.03 % 6.22 % 8.88 % 7.56 % Add: Impact from goodwill and other intangible assets Goodwill 0.81 % 0.81 % 0.98 % 0.94 % 0.67 % 0.88 % 0.87 % Other intangible assets 0.19 % 0.17 % 0.19 % 0.21 % 0.47 % 0.19 % 0.31 % Return on average tangible stockholders' equity (ROATCE) (non-GAAP) 9.58 % 9.20 % 10.91 % 10.18 % 7.36 % 9.95 % 8.74 % Adjusted return on average tangible stockholders' equity: Return on average tangible stockholders' equity (ROATCE) (non-GAAP) 9.58 % 9.20 % 10.91 % 10.18 % 7.36 % 9.95 % 8.74 % Add: Impact of adjustments Merger related expenses, net of tax 0.80 % 0.10 % 0.09 % — % 2.45 % 0.26 % 1.11 % Write-off of Guardian Mortgage tradename, net of tax — % — % — % — % 0.26 % — % 0.07 % Disposal of ATMs, net of tax — % — % — % — % 0.65 % — % 0.17 % Adjusted ROATCE (non-GAAP) 10.38 % 9.30 % 11.00 % 10.18 % 10.72 % 10.21 % 10.09 % Adjusted total noninterest expense: Total noninterest expense (GAAP) $72,041 $68,901 $68,110 $62,722 $73,673 $271,774 $264,040 Less: Adjustments: Merger related expenses (2,217) (241) (285) — (8,010) (2,743) (13,178) Write-off of Guardian Mortgage tradename — — — — (828) — (828) Disposal of ATMs — — — — (2,042) — (2,042) Total adjustments (2,217) (241) (285) — (10,880) (2,743) (16,048) Adjusted total noninterest expense (non-GAAP) $69,824 $68,660 $67,825 $62,722 $62,793 $269,031 $247,992 Adjusted efficiency ratio: Efficiency ratio (GAAP) 65.37 % 64.22 % 64.52 % 65.19 % 74.66 % 64.82 % 68.28 % Less: Impact of adjustments Merger related expenses (2.01) % (0.22) % (0.27) % — % (8.12) % (0.65) % (3.41) % Write-off of Guardian Mortgage tradename — % — % — % — % (0.84) % — % (0.21) % Disposal of ATMs — % — % — % — % (2.07) % — % (0.53) % Adjusted efficiency ratio (non-GAAP) 63.36 % 64.00 % 64.25 % 65.19 % 63.63 % 64.17 % 64.13 %

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FirstSun Capital Bancorp \| 28 Non-GAAP Reconciliation (cont'd) As of and for the years ended ($ in thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Credit adjusted net interest margin: Net interest income (GAAP) $317,391 $296,910 $293,431 $241,632 $155,233 Less: Net charge-off's (28,255) (20,377) (7,810) 320 (3,219) Credit adjusted net interest income (non-GAAP) $289,136 $276,533 $285,621 $241,952 $152,014 Average earning assets $7,740,524 $7,320,696 $6,935,402 $6,246,646 $5,180,668 Net interest margin (GAAP) 4.10 % 4.06 % 4.23 % 3.87 % 3.00 % Impact from net charge-offs to average earning assets (0.36) % (0.28) % (0.11) % — % (0.07) % Credit adjusted net interest margin (non-GAAP) 3.74 % 3.78 % 4.12 % 3.87 % 2.93 % Net interest margin (GAAP) 1 year average (2025) 4.10 % 3 year average (2023-2025) 4.13 % 5 year average (2021-2025) 3.84 % Credit adjusted net interest margin (non-GAAP) 1 year average (2025) 3.74 % 3 year average (2023-2025) 3.88 % 5 year average (2021-2025) 3.68 %

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