FirstSun jumps after beating Q2 profit estimates, unveiling $150 million buyback

Firstsun Capital Bancorp

28/07/2026 18:49

** Regional lender FirstSun Capital's FSUN.O shares jump 11.4% to $38.79
** FSUN late on Monday beat Wall Street estimates for Q2 profit and unveiled a $150 million buyback which is authorized through June 30
** Keefe, Bruyette & Woods expects FSUN's unveiled $150 million buyback over the next 4 quarters to offset a smaller balance sheet and support the stock trading roughly in line with its tangible book value
** FSUN repositioned its balance sheet this year to reduce the risk profile after the First Foundation acquisition
** Co has 44.1 million outstanding shares for $1.54 billion market cap as of last close, per LSEG
** All four brokerages covering the stock "buy" or higher; median PT $44.50 — data compiled by LSEG
** As of last close, FSUN stock down 7.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))