FirstSun Capital Q2 adjusted EPS misses estimates as charge-offs weigh

Firstsun Capital Bancorp

27/07/2026 22:25

Overview
US regional bank's Q2 adjusted EPS missed analyst expectations after First Foundation merger
Company posted net loss on merger expenses and two large loan charge-offs
Board authorized $150 mln share repurchase program

Outlook
FirstSun Capital Bancorp authorized a $150 mln share repurchase program through June 30, 2027
Company says it is well positioned for future success after acquisition and balance sheet repositioning

Result Drivers
MERGER IMPACT - Q2 results included significant increases in assets, loans, deposits, and expenses following the First Foundation acquisition
MERGER AND INTEGRATION EXPENSES - Company incurred $57.6 mln in merger-related costs, contributing to the net loss
LOAN CHARGE-OFFS - Two large commercial loan charge-offs, including one linked to alleged borrower fraud, drove higher credit loss provisions

Company press release: ID:nBw6jz1Kma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$0.45
$0.50 (4 Analysts)
Q2 Loss Per Share
 
$0.49
 
Q2 Net Loss
 
$22.85 mln
 
Q2 Net Interest Income
 
$143.20 mln
 
Q2 Net Interest Margin
 
3.58%
 
Q2 Provision For Credit Losses
 
$40.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong 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 $44.50, about 29% above its July 24 closing price of $34.49
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)