Earnings ·
FirstSun Capital Bancorp expects its second quarter 2026 financial results to be adversely affected by significant…
FSUNFirstsun Capital Bancorp
FirstSun Capital Bancorp expects its second quarter 2026 financial results to be adversely affected by significant charge-offs related to two commercial lending relationships. The company anticipates an approximate $22.0 million charge-off on an asset-based loan to a materials distributor due to fraudulent misrepresentations, and an approximate $12.9 million charge-off on a $16.0 million commercial and industrial loan to a technology company. Consequently, the company is updating its 2026 full year credit outlook, with expected net charge-offs to average loans to be in the high 50s range in basis points and allowance for credit losses to loans in the mid-140s to 150s range in basis points. FirstSun Capital Bancorp is a financial services holding company for Sunflower Bank, National Association.