Q1 2026 Firstsun Capital Bancorp Earnings Call Transcript

Apr 28, 2026 / 03:00 PM GMT

Release Date Price: $37.31 (-3.37%)

Transcript 10-Q8-K

Key Points

Positve

Firstsun Capital Bancorp (FSUN) reported a strong adjusted net income of $23.7 million for the first quarter, with an adjusted diluted earnings per share of $0.84.
The company achieved robust loan growth of over 16% annualized, primarily in the C&I portfolio, indicating strong market demand.
Net interest margin expanded to a solid 4.25%, marking 14 consecutive quarters above 4%, driven by improved funding costs.
The recent acquisition of First Foundation is progressing well, with integration activities underway and expected to unlock significant long-term benefits.
The acquisition enhances FSUN's presence in high-growth markets, expands its regional footprint, and strengthens its wealth platform, offering comprehensive advisory and investment solutions.

Negative

FSUN experienced higher provision expenses due to portfolio downgrades and strong loan growth, impacting overall financial performance.
The company reported two significant loan charge-offs, contributing to a net charge-off rate of 63 basis points on an annualized basis.
Overall deposit balances were down slightly, influenced by a decline in brokered deposits and general seasonality pressures.
The integration of First Foundation involves ongoing balance sheet repositioning, which may temporarily affect financial metrics.
FSUN's credit profile, with a heavier C&I mix, may lead to lumpy credit performance, posing challenges in maintaining consistent credit quality.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSUN.OQ - Firstsun Capital Bancorp
Q1 2026 Firstsun Capital Bancorp Earnings Call
Apr 28, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to the First Sun Capital Bancorp First Quarter 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press star 1 again.

Also, as a reminder, this call may be recorded. I'd now like to turn the call over to Ed Jacks, Director of Investor Relations and Business Development. You may begin.

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Unidentified_2 [2]
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