Quarterly UpdatesJul 9, 2026, 04:33 PM
FirstSun Capital Bancorp expects Q2 charge-offs of $42M-$43M
AI Summary
FirstSun Capital Bancorp expects its second quarter 2026 financial results to be adversely impacted by significant charge-offs and increased provision for credit losses. The company anticipates total Q2 charge-offs between $42 million and $43 million, and provision for credit losses between $40 million and $41 million. This includes a $22.0 million charge-off from a fraudulent materials distributor loan and a $12.9 million charge-off from a technology company loan. Consequently, FirstSun has updated its full-year 2026 credit outlook.
Key Highlights
- Expected Q2 2026 charge-offs: $42 million to $43 million.
- Expected Q2 2026 provision for credit losses: $40 million to $41 million.
- Anticipated $22.0 million charge-off on a $23.6 million materials distributor loan due to fraud.
- Anticipated $12.9 million charge-off on a $16.0 million technology company loan.
- Full-year 2026 net charge-offs to average loans expected in high 50s basis points.
- Full-year 2026 allowance for credit losses to loans expected in mid-140s to 150s basis points.
Price Impact
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