(non-GAAP) 9.27% 10.28% 6.11% 11.19% 12.03% 8.58% 12.97%
Efficiency ratio excluding merger related expenses:
Efficiency ratio
(GAAP) 65.83% 66.42% 66.05% 58.58% 61.02% 66.10% 60.19%
Less: Impact of
merger related
expenses (1.67)% (1.09)% (2.66)% --% --% (1.80)% --%
---------- ---------- ---------- ---------- ---------- ---------- ----------
Efficiency ratio
excluding merger
related expenses
(non-GAAP) 64.16% 65.33% 63.39% 58.58% 61.02% 64.30% 60.19%
========== ========== ========== ========== ========== ========== ==========
Diluted earnings per share excluding merger costs:
Diluted earnings per
share (GAAP) $ 0.79 $ 0.88 $ 0.45 $ 0.94 $ 1.00 $ 2.12 $ 3.13
Add: Impact of
merger costs, net
of tax 0.05 0.02 0.08 -- -- 0.15 --
---------- ---------- ---------- ---------- ---------- ---------- --- ----------
Diluted earnings
per share
excluding
merger costs
(non-GAAP) $ 0.84 $ 0.90 $ 0.53 $ 0.94 $ 1.00 $ 2.27 $ 3.13
Fully tax equivalent ("FTE") net interest income and net interest margin on FTE basis:
Net interest income
(GAAP) $ 76,158 $ 72,899 $ 70,806 $ 72,069 $ 73,410 $ 219,863 $ 221,362
Gross income effect of
tax exempt income 1,132 1,156 1,318 1,270 1,286 3,606 3,816
---------- ---------- ---------- ---------- ---------- ---------- --- ----------
FTE net interest
income (non-GAAP) $ 77,290 $ 74,055 $ 72,124 $ 73,339 $ 74,696 $ 223,469 $ 225,178
========== ========== ========== ========== ========== ========== === ==========
Average earning assets $ 7,430,357 $ 7,256,763 $ 7,100,323 $ 7,066,688 $ 6,947,500 $ 7,263,093 $ 6,891,380
Net interest margin 4.10% 4.02% 3.99% 4.08% 4.23% 4.04% 4.28%
========== ========== ========== ========== ========== ========== ==========
Net interest margin on
FTE basis (non-GAAP) 4.16% 4.08% 4.06% 4.15% 4.30% 4.10% 4.36%
View source version on businesswire.com: https://www.businesswire.com/news/home/20241022703858/en/
CONTACT: Investor Contact:
Ed Jacques
Director of Investor Relations & Business Development, FirstSun
214.473.7958 | Investor.Relations@firstsuncb.com
Media Contact:
Jeanne Lipson
Vice President of Marketing, Sunflower Bank
915.881.6785 | Jeanne.Lipson@SunflowerBank.com
(END) Dow Jones Newswires
October 28, 2024 17:15 ET (21:15 GMT)
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