FIRSTSUN CAPITAL BANCORPFSUN

FIRSTSUN CAPITAL BANCORP Earnings Per Share Disclosure

10-KFiled Mar 6, 20261 min read
Earnings Per Share
Basic earnings per share, excluding dilution from participating securities, is computed by dividing earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock or resulted in the issuance of common stock that could then share in our earnings.
The following table sets forth the computation of basic and diluted earnings per share of common stock as of and for the years ended December 31,:
202520242023
Net income applicable to common stockholders$97,936 $75,628 $103,533 
Weighted Average Shares
Weighted average common shares outstanding27,786,887 27,433,865 24,938,359 
Effect of dilutive securities
Stock-based awards462,909 633,408 448,837 
Weighted average diluted common shares28,249,796 28,067,273 25,387,196 
Earnings per common share
Basic earnings per common share$3.52 $2.76 $4.15 
Effect of dilutive securities
Stock-based awards(0.05)(0.07)(0.07)
Diluted earnings per common share$3.47 $2.69 $4.08 
Long-term incentive plan grants for (43,789) shares of common stock were not considered in computing diluted earnings per share for the year ended December 31, 2025, because they were antidilutive. There were no antidilutive shares for the years ended December 31, 2024 and 2023, respectively.

Historical Timeline

Fiscal YearFiled
2025Mar 6, 2026Showing above
2024Mar 7, 2025
2023Mar 7, 2024
2022Mar 16, 2023

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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