FSUN

MKT CAP:$1B

FirstSun Capital Bancorp

Market Cap

$1B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$38.44+$0.63 (+1.65%)

Apr 23, 2026

Company Details

FirstSun Capital Bancorp operates as a bank holding company for Sunflower Bank that provides a range of commercial and consumer banking, and financial services to small and medium-sized companies. The company offers deposit products, includ...

CEO

Neal E. Arnold

IPO Date

Aug 3, 2022

Website

www.sunflowerbank.com

Key Metrics TTM

Revenue

$570M

+5.5% YoY

Net Income

$98M

EPS (Diluted)

$3.46

Free Cash Flow

$104M

Revenue / Share

$20.16

Gross Margin

69.3%

Operating Margin

22.0%

Net Margin

17.2%

FCF Margin

18.3%

P/S

1.9x

P/E

10.9x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Mar 6, 2026

$570M+5.5%EPS $3.53

Q4 2025

Mar 6, 2026

$146M+13.7%EPS $0.88

Q3 2025

Nov 7, 2025

$147M+4.6%EPS $0.82

Q2 2025

Aug 8, 2025

$144M+4.5%EPS $0.93

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$68M	$61M	$9M
Q2 22	$86M	$76M	$219.0K
Q3 22	$99M	$90M	$34M
Q4 22	$95M	$78M	$31M
Q1 23	$114M	$90M	$33M
Q2 23	$126M	$94M	$36M
Q3 23	$125M	$88M	$32M
Q4 23	$120M	$75M	$30M
Q1 24	$133M	$77M	$15M
Q2 24	$138M	$95M	$31M
Q3 24	$141M	$93M	$29M
Q4 24	$128M	$85M	$20M
Q1 25	$132M	$92M	$30M
Q2 25	$144M	$101M	$33M
Q3 25	$147M	$97M	$28M
Q4 25	$146M	$104M	$34M

Valuation

Quarter	P/S	P/E
Q1 22	3.7x	29.2x
Q2 22	3.6x	41.6x
Q3 22	3.3x	24.6x
Q4 22	3.1x	18.0x
Q1 23	2.7x	13.7x
Q2 23	2.5x	10.1x
Q3 23	2.3x	10.3x
Q4 23	2.2x	10.3x
Q1 24	2.1x	11.9x
Q2 24	2.1x	12.4x
Q3 24	2.0x	12.8x
Q4 24	2.0x	14.1x
Q1 25	2.0x	12.3x
Q2 25	2.0x	12.0x
Q3 25	1.9x	11.9x
Q4 25	1.9x	10.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$15M	$15M
Q2 22	$18M	$18M
Q3 22	$9M	$8M
Q4 22	$55M	$54M
Q1 23	$25M	$24M
Q2 23	$41M	$41M
Q3 23	$19M	$19M
Q4 23	$41M	$38M
Q1 24	$27M	$26M
Q2 24	$21M	$20M
Q3 24	$48M	$47M
Q4 24	$5M	$3M
Q1 25	$26M	$24M
Q2 25	$15M	$13M
Q3 25	$49M	$48M
Q4 25	$21M	$19M

Capital Expenditures

Quarter	CapEx
Q1 22	$548.0K
Q2 22	$510.0K
Q3 22	$737.0K
Q4 22	$401.0K
Q1 23	$1M
Q2 23	$151.0K
Q3 23	$156.0K
Q4 23	$3M
Q1 24	$1M
Q2 24	$1M
Q3 24	$1M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-10.4%	+1.2%
Q2 22	+18.2%	+44.9%
Q3 22	+37.2%	+5.2%
Q4 22	+30.6%	+2.9%
Q1 23	+66.5%	+35.0%
Q2 23	+47.7%	+6.3%
Q3 23	+27.1%	+44.7%
Q4 23	+25.5%	+38.4%
Q1 24	+16.7%	+46.2%
Q2 24	+9.1%	+17.7%
Q3 24	+12.4%	+20.3%
Q4 24	+7.3%	+21.3%
Q1 25	-0.5%	-12.8%
Q2 25	+4.5%	+4.1%
Q3 25	+4.6%	+6.0%
Q4 25	+13.7%	+3.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$166.0K	0.2%
Q2 22	$454.0K	0.5%
Q3 22	$473.0K	0.5%
Q4 22	$355.0K	0.4%
Q1 23	$427.0K	0.4%
Q2 23	$656.0K	0.5%
Q3 23	$660.0K	0.5%
Q4 23	$384.0K	0.3%
Q1 24	$492.0K	0.4%
Q2 24	$772.0K	0.6%
Q3 24	$549.0K	0.4%
Q4 24	$562.0K	0.4%
Q1 25	$636.0K	0.5%
Q2 25	$1M	0.7%
Q3 25	$1M	0.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$34M	—
Q2 22	$35M	—
Q3 22	$33M	—
Q4 22	$37M	$3M
Q1 23	$35M	—
Q2 23	$34M	—
Q3 23	$34M	—
Q4 23	$37M	$3M
Q1 24	$37M	—
Q2 24	$40M	—
Q3 24	$39M	—
Q4 24	$44M	$3M
Q1 25	$40M	—
Q2 25	$40M	—
Q3 25	$45M	—
Q4 25	$44M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$488M	$557M	$1.0B
Q2 22	$511M	$579M	$1.1B
Q3 22	$325M	$551M	$876M
Q4 22	$344M	$537M	$880M
Q1 23	$388M	$533M	$921M
Q2 23	$493M	$516M	$1.0B
Q3 23	$444M	$496M	$940M
Q4 23	$479M	$517M	$996M
Q1 24	$384M	$499M	$883M
Q2 24	$536M	$492M	$1.0B
Q3 24	$574M	$497M	$1.1B
Q4 24	$616M	$5M	$620M
Q1 25	$621M	$429.0K	$622M
Q2 25	$785M	$473M	$1.3B
Q3 25	$660M	$303.0K	$660M
Q4 25	$653M	$469M	$1.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	25M	-2.4%	-0.0%
Q2 22	25M	0.0%	-0.0%
Q3 22	25M	+2.5%	+2.5%
Q4 22	25M	-2.4%	-2.4%
Q1 23	25M	+2.5%	+2.5%
Q2 23	25M	-1.1%	+1.3%
Q3 23	25M	+0.6%	-0.5%
Q4 23	25M	+0.4%	+2.4%
Q1 24	28M	+8.5%	+8.4%
Q2 24	28M	+1.5%	+11.2%
Q3 24	28M	+0.6%	+11.3%
Q4 24	28M	-0.5%	+10.2%
Q1 25	28M	+0.8%	+2.4%
Q2 25	28M	-0.1%	+0.8%
Q3 25	28M	+0.0%	+0.2%
Q4 25	28M	-0.0%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$81.4K	1K
Q1 23	$97.2K	1K
Q2 23	$107.9K	1K
Q3 23	$107.1K	1K
Q4 23	$106.1K	1K
Q1 24	$117.8K	1K
Q2 24	$122.2K	1K
Q3 24	$125.0K	1K
Q4 24	$112.4K	1K
Q1 25	$115.7K	1K
Q2 25	$126.1K	1K
Q3 25	$129.1K	1K
Q4 25	$123.1K	1K

Revenue / Employee