- **FirstSun Capital Bancorp** and First Foundation Inc. are pursuing a merger.  **[811589_eb0994e15cfd475fa0f15c11a37f456f]** 
- The merger aims to **strengthen their platforms for sustainable growth** and **expand earnings power**.  **[811589_eb0994e15cfd475fa0f15c11a37f456f]** 
- The strategic focus of the merger is on **large markets**, including Southern California, to drive greater value for stockholders.  **[811589_eb0994e15cfd475fa0f15c11a37f456f]**

FirstSun Capital Bancorp and First Foundation Inc. Announce Merger Plans

- First Bancorp reported **net income of $20.4 million** and **diluted EPS of $0.49** for the third quarter of 2025.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:0]** **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:2]** **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:9]**  Excluding a **$27.9 million securities loss**, adjusted net income was **$41.8 million** and adjusted diluted EPS was **$1.01**.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:2]** **[811589_0000811589-25-000072_fbncinvestorpresentation.htm:3]** 
- **Net interest income increased to $102.5 million** in Q3 2025, up from $96.7 million in the linked quarter, with the **Net Interest Margin (NIM) expanding to 3.46%** from 3.32%.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:2]** **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:3]** 
- Total loans grew by **$193.6 million**, or **9.3% annualized**, reaching **$8.4 billion** at September 30, 2025.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:1]** **[811589_0000811589-25-000072_fbncinvestorpresentation.htm:3]**  Customer deposits also increased by **$55.7 million** during the quarter.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:1]** 
- The third quarter 2025 results included a **$27.9 million pre-tax securities loss** from a loss-earnback transaction and a **$4.0 million reduction** to the loan loss provision related to Hurricane Helene.  **[811589_0000811589-25-000072_exhibit991newsreleasedated.htm:2]** **[811589_0000811589-25-000072_fbncinvestorpresentation.htm:3]**

First Bancorp Reports Third Quarter 2025 Results

- **First Bancorp (FBNC)** reported **net income of $20.4 million** and **diluted EPS of $0.49** for the third quarter of 2025. Excluding a **$27.9 million** securities loss, adjusted diluted EPS was **$1.01**.  **[811589_20251022CL04261:0]** **[811589_20251022CL04261:1]** 
- **Net interest income increased to $102.5 million** in Q3 2025, up **6.0%** from the linked quarter, with the Net Interest Margin (NIM) expanding to **3.46%**, a **14 basis point** increase from Q2 2025.  **[811589_20251022CL04261:2]** **[811589_20251022CL04261:3]** 
- The company achieved **loan growth of $193.6 million**, reaching **$8.4 billion** at September 30, 2025, an annualized increase of **9.3%**.  **[811589_20251022CL04261:1]** 
- Asset quality remained strong, with annualized net loan charge-offs at **0.14%** and total nonperforming assets at **$39.0 million**, or **0.31%** of total assets, as of September 30, 2025.  **[811589_20251022CL04261:4]** 
- Capital levels remained robust, with an estimated total risk-based capital ratio of **16.58%** and a tangible common equity to tangible assets ratio of **9.12%** at September 30, 2025.  **[811589_20251022CL04261:6]**

FIRST BANCORP /NC/ (FBNC)