FirstSun Capital Bancorp 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-42175__________________________________ FIRSTSUN CAPITAL BANCORP (Exact name of registrant as specified in its charter)__________________________________ 81-4552413 (I.R.S. EmployerIdentification Number) 1400 16th Street, Suite 250Denver, Colorado 80202(303) 831-6704 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)__________________________________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchangeon which registered Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theRegistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☐Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Securities Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As of June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market valueof the registrant’s voting and non-voting common equity held by non-affiliates of the registrant was $395.2 million. As of March5, 2026, there were approximately 27,923,333 shares of the registrant’s common stock, $0.0001 par value, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement (the “2026 Proxy Statement”) for the 2026 Annual Meeting of Shareholders to be held on June5,2026, are incorporated by reference into Part III of this Annual Report on Form 10-K. Table of Contents Cautionary Note Regarding Forward-Looking Statements3Summary of Material Risks5Part I7Item 1. Business7Item 1A. Risk Factors28Item 1B. Unresolved Staff Comments54Item 1C. Cybersecurity54Item 2. Properties56Item 3. Legal Proceedings56Item 4. Mine Safety Disclosures56Part II56Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities56Item 6. [Reserved]57Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations58Item 7A. Quantitative and Qualitative Disclosures About Market Risk81Item 8. Financial Statements and Supplementary Data82Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures147Item 9A. Controls and Procedures147Item 9B. Other Information148Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection148