Quarterly ResultApr 27, 2026, 04:54 PM
FSUN Q1 Net Income $21.6M, EPS $0.76; Loan Growth 16.2% Annualized
AI Summary
FirstSun Capital Bancorp reported Q1 2026 net income of $21.6 million, or $0.76 per diluted share, compared to $23.6 million ($0.83 EPS) in Q1 2025. Adjusted net income was $23.7 million, or $0.84 per diluted share. The company achieved robust annualized loan growth of 16.2% and maintained a strong net interest margin of 4.25%. The merger with First Foundation Inc. was completed on April 1, 2026, with $2.7 million in merger-related expenses incurred in Q1, and First Foundation's results are not yet included.
Key Highlights
- Net income was $21.6 million ($0.76 diluted EPS) in Q1 2026.
- Adjusted net income was $23.7 million ($0.84 diluted EPS) in Q1 2026.
- Net interest margin increased to 4.25% in Q1 2026.
- Loan growth was 16.2% on an annualized basis in Q1 2026.
- Merger with First Foundation Inc. completed on April 1, 2026.
- Incurred $2.7 million in merger-related expenses in Q1 2026.
- Tangible book value per share increased to $38.57 at March 31, 2026.
- Provision for credit losses increased to $8.3 million in Q1 2026.