Earnings ·
FirstSun Capital Bancorp reported a net loss of $22.9 million, or $0.49 per diluted share, for the second quarter of…
FSUNFirstsun Capital Bancorp
FirstSun Capital Bancorp reported a net loss of $22.9 million, or $0.49 per diluted share, for the second quarter of 2026, compared to net income of $26.4 million in the prior year period. The results reflect the April 1, 2026, merger with First Foundation, which added $11.2 billion in total assets and $8.8 billion in deposits. Financial performance was impacted by $57.6 million in merger-related expenses and $42.4 million in net charge-offs, including a $22.0 million charge-off from a fraudulent materials distributor loan. The company also completed a balance sheet repositioning strategy involving the liquidation of $1.2 billion in cash, $1.4 billion in securities, and $1.3 billion in loans. The board authorized a $150 million share repurchase program through June 30, 2027. FirstSun is a financial holding company providing banking and wealth management services.