FirstSun Capital Bancorp (FSUN) AI Stock Analysis

• Market Cap: $1.07B
• Dividend Yield: N/A
• Average Volume (3M): 136.97K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.59
• Revenue Growth: 4.44%
• EPS Growth: 3.19%
• Country: US
• Employees: 1,127
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.82
• Shares Outstanding: 27,879,810
• 10 Day Avg. Volume: 122,752
• 30 Day Avg. Volume: 136,969
• PEG Ratio: -0.43
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 2.03
• P/FCF Ratio: 11.48
• Enterprise Value/Market Cap: 0.29
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 0.82
• Enterprise Value/Ebitda: 2.54
• 1Y Price Target: $45.50
• Price Target Upside: 18.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $40.00 ▲(3.79% Upside)

FirstSun Capital Bancorp's strong financial performance and strategic corporate events are the primary drivers of its solid stock score. While the technical indicators suggest some caution due to potential overbought conditions, the company's reasonable valuation and strategic investment by Castle Creek Capital Partners provide a positive outlook.

Positive Factors

Strategic Investment

The strategic investment by Castle Creek Capital is expected to enhance FirstSun's performance and reduce its risk profile, aligning with the company's growth strategy and expanding its franchise and geographic reach.

Revenue Growth

Strong revenue growth and profitability indicate robust market demand and efficient operations, supporting long-term business expansion and financial health.

Merger with First Foundation

The merger with First Foundation is set to expand FirstSun's market presence and operational scale, potentially leading to enhanced competitive positioning and revenue synergies.

Negative Factors

Cash Conversion Efficiency

Challenges in converting income into cash can impact liquidity and operational flexibility, potentially hindering growth initiatives and financial stability.

Decline in Gross Profit Margin

A decline in gross profit margin suggests potential cost pressures, which could affect profitability if not managed effectively, impacting long-term financial performance.

Board Resignation

The resignation of a board member could lead to leadership instability, affecting strategic decision-making and potentially impacting the company's governance and future direction.

FirstSun Capital Bancorp Business Overview & Revenue Model

Company Description

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, including noninterest bearing accounts, interest-bearing demand products, checking and savings accounts, money market and term certificate accounts, and certificates of deposit. It also provides commercial and industrial, owner-occupied and non-owner occupied commercial real estate mortgage, 1-4 family, home equity, and multi-family loans, as well as consumer loans comprising direct consumer installment loans, credit card accounts, overdrafts, and other revolving loans. In addition, it provides remote deposit and cash management products; treasury management products and services; and wealth management and trust products, including personal trust and agency accounts, employee benefit and retirement related trust and agency accounts, investment management and advisory agency accounts, and foundation and endowment trust and agency accounts. It provides its services through branches in Kansas, Colorado, New Mexico, Texas, and Arizona. The company was formerly known as Sunflower Financial, Inc. and changed its name to FirstSun Capital Bancorp in June 2017. FirstSun Capital Bancorp was founded in 1892 and is headquartered in Denver, Colorado.

How the Company Makes Money

FirstSun Capital Bancorp generates revenue primarily through interest income from loans and investments, as well as non-interest income from fees and services. The company originates various types of loans, including commercial, consumer, and real estate loans, which are a significant source of interest income. Additionally, FSUN earns revenue from deposit services, treasury management, and other banking fees. Strategic partnerships with other financial institutions may enhance its service offerings and contribute to its earnings by expanding its customer base and cross-selling opportunities.

FirstSun Capital Bancorp Financial Statement Overview

Summary

FirstSun Capital Bancorp demonstrates strong revenue growth and profitability, supported by efficient operations and a solid balance sheet. However, the recent decline in free cash flow growth warrants attention.

Income Statement

FirstSun Capital Bancorp shows strong revenue growth with a TTM increase of 14.8%. The gross profit margin is healthy at 68.05%, and the net profit margin has improved to 16.26% in the TTM. EBIT and EBITDA margins have also increased, indicating operational efficiency. However, the gross profit margin has slightly declined from previous years, which could be a concern if the trend continues.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.08, reflecting prudent financial management. Return on equity is moderate at 8.37%, indicating decent profitability. The equity ratio is stable, suggesting a solid capital structure. However, the decline in debt levels from previous years should be monitored to ensure it does not impact growth opportunities.

Cash Flow

Operating cash flow is positive, but the free cash flow has seen a decline of 7.28% in the TTM. The free cash flow to net income ratio is strong at 92.24%, indicating efficient cash generation relative to earnings. However, the decline in free cash flow growth is a potential risk that needs addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	552.05M	540.07M	485.21M	347.92M	287.36M	300.01M
Gross Profit	375.24M	349.89M	346.71M	304.68M	270.23M	256.02M
EBITDA	121.63M	105.26M	143.72M	86.19M	60.44M	65.68M
Net Income	89.48M	75.63M	103.53M	59.18M	43.16M	47.59M
Balance Sheet
Total Assets	8.50B	8.10B	7.88B	7.43B	5.67B	5.00B
Cash, Cash Equivalents and Short-Term Investments	660.20M	620.44M	996.12M	880.50M	1.24B	670.56M
Total Debt	85.99M	114.92M	515.90M	792.11M	162.01M	183.73M
Total Liabilities	7.37B	7.06B	7.00B	6.66B	5.14B	4.51B
Stockholders Equity	1.13B	1.04B	877.20M	774.54M	524.04M	485.79M
Cash Flow
Free Cash Flow	87.68M	95.71M	120.91M	94.72M	109.65M	-6.70M
Operating Cash Flow	95.69M	101.12M	125.18M	96.92M	113.11M	-547.00K
Investing Cash Flow	-247.19M	-80.87M	-327.28M	-538.12M	-293.92M	-662.91M
Financing Cash Flow	237.72M	116.31M	337.94M	116.27M	647.30M	720.90M

FirstSun Capital Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FSUN, the sentiment is Positive. The current price of 38.54 is above the 20-day moving average (MA) of 36.61, above the 50-day MA of 35.64, and above the 200-day MA of 36.46, indicating a bullish trend. The MACD of 1.24 indicates Negative momentum. The RSI at 62.92 is Neutral, neither overbought nor oversold. The STOCH value of 64.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSUN.

FirstSun Capital Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMAL	82 Outperform	$981.91M	9.86	13.88%	1.70%	4.33%	-2.20%
FMBH	79 Outperform	$963.03M	11.02	9.74%	2.43%	3.54%	12.23%
BHRB	78 Outperform	$955.66M	9.03	13.70%	3.49%	53.68%	290.47%
FSUN	76 Outperform	$1.07B	12.12	8.28%	―	4.44%	3.19%
UVSP	76 Outperform	$955.93M	11.23	9.61%	2.59%	4.49%	20.44%
SBSI	74 Outperform	$939.57M	13.57	8.53%	4.59%	-4.08%	-16.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

FirstSun Capital Bancorp Corporate Events

Castle Creek Acquires 4% Stake in FirstSun

On December 3, 2025, FirstSun Capital Bancorp entered into a Board Representative Letter Agreement with Castle Creek Capital Partners, allowing Castle Creek to nominate a board member following the proposed merger with First Foundation Inc. or the 2026 Annual Meeting. Additionally, Isabella Cunningham announced her resignation from the board effective upon the merger or the annual meeting. On December 4, 2025, Castle Creek acquired $40 million of FirstSun’s common stock, becoming a significant institutional stockholder with a 4% stake. This strategic investment is expected to enhance FirstSun’s performance and reduce its risk profile, aligning with the company’s growth strategy and expanding its franchise and geographic reach.

FirstSun Capital Bancorp Announces Merger with First Foundation

On October 27, 2025, FirstSun Capital Bancorp and First Foundation Inc. announced a merger agreement where First Foundation will merge into FirstSun, with FirstSun continuing as the surviving corporation. The merger, expected to close in the second quarter of 2026, will also see First Foundation Bank merge into Sunflower Bank, with Sunflower Bank as the surviving entity. Upon completion, First Foundation stockholders will own approximately 40.5% of the combined company. The merger is subject to regulatory and stockholder approvals, and a termination fee is applicable under certain conditions.

FirstSun Capital Bancorp Announces Merger with First Foundation

On October 27, 2025, FirstSun Capital Bancorp and First Foundation Inc. announced a merger agreement where First Foundation will merge into FirstSun, with Sunflower Bank as the surviving entity. The merger, expected to close in the second quarter of 2026, will involve stock conversion for First Foundation shareholders and additional cash consideration for warrant holders.