Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for FirstSun Common Stock
The Company’s common stock is traded on The Nasdaq Global Select Market (“Nasdaq”) under the symbol “FSUN.” As of March 5, 2026, we had 27,923,333 shares of common stock outstanding and approximately 393 stockholders of record.
Dividends
We have not declared or paid any cash dividends on our common stock since we converted from an S corporation to a C corporation in 2016. For the foreseeable future, we do not intend to declare cash dividends and instead we plan to retain earnings to grow our business.
Although we have no current expectations to pay dividends, any future determination relating to our dividend policy will be made by our board of directors and will depend on a number of factors. As a Delaware corporation and a bank holding company, dividend payments are subject to numerous limitations. For additional information, see Item 1. “Business –Supervision and Regulation—Bank Holding Company Regulation—Dividend Payments to Stockholders”, and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity” and Note 14 - Stockholders’ Equity included in our consolidated financial statements included elsewhere in this report.
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Stockholder Return Performance
The following performance graph sets forth the cumulative total stockholder return for our common stock from July 12, 2024 (the date our stock first began trading on Nasdaq) to December 31, 2025, compared to an overall stock market index (Nasdaq composite) and three of our peer group indices (Nasdaq Bank Index, KBW Bank Index and the KBW Nasdaq Regional Banking Index). The graph assumes an investment of $100 on July 12, 2024 and the reinvestment of dividends.
We changed our peer group index from the Nasdaq Bank Index and KBW Bank Index, each of which we used in 2024, to the KBW Regional Banking Index, which consists of a peer group of companies that we use in our executive compensation program. We have included returns in the stock performance graph based on all three peer group indices. However, in future periods, we will no longer reference the Nasdaq Bank Index or the KBW Bank Index in comparing our total stockholder returns.
The performance graph represents past performance and should not be considered to be an indication of future performance. The stock performance graph and related table shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C or to the liabilities of Section 18 of the Exchange Act, except to the extent that we specifically request that such information be treated as soliciting material or specifically incorporate it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
July 12,
2024 September 30,
2024 December 31,
2024 March 31,
2025 June 30,
2025 September 30,
2025 December 31,
2025
FSUN $ 100 $ 120 $ 113 $ 102 $ 98 $ 109 $ 106
Nasdaq 100 98 104 93 110 122 125
Nasdaq Bank Index 100 107 113 105 111 114 118
KBW Nasdaq Banking Index 100 105 118 112 128 141 152
KBW Nasdaq Regional Banking Index 100 108 115 107 111 116 119
Item 6. [Reserved]
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