FirstSun Capital Bancorp Q1 profit falls as credit costs rise

Firstsun Capital Bancorp

27/04/2026 21:50

Overview

U.S. regional bank's Q1 net income and adjusted EPS declined from prior quarter and yr-ago period

Company reported 16.2% annualized loan growth and net interest margin of 4.25%

Q1 results impacted by higher credit costs and $2.7 mln merger-related expenses

Outlook

Company says integration of First Foundation is progressing in line with expectations post-merger

Company aims to deliver enhanced solutions and sustainable long-term value after merger

Result Drivers

LOAN GROWTH - Annualized loan growth of 16.2% supported net interest income and margin

HIGHER CREDIT COSTS - Provision for credit losses rose due to net portfolio downgrades and loan growth; net charge-offs increased from prior quarter, mainly from two C&I relationships

NONINTEREST INCOME - Increase in mortgage banking income offset by lower loan syndication and swap fees

Company press release: ID:nBw737DLla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.76
Q1 Net Income
$21.58 mln
Q1 Net Interest Income
$82.78 mln
Q1 Net Interest Margin
4.25%
Q1 Provision For Credit Losses
$8.25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Firstsun Capital Bancorp is $45.00, about 17.7% above its April 24 closing price of $38.23

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)