Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Mar. 2026, Firstsun Capital Bancorp has a Sloan Ratio of 6.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Firstsun Capital Bancorp (NAS:FSUN) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Firstsun Capital Bancorp has a Sloan Ratio of 6.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Firstsun Capital Bancorp Sloan Ratio % Related Terms
Firstsun Capital Bancorp Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FSUN vs DCOM, GABC, STBA: Sloan Ratio % Comparison
For the Banks - Regional subindustry, Firstsun Capital Bancorp's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Firstsun Capital Bancorp Sloan Ratio % vs Banks Industry
For the Banks industry and Financial Services sector, Firstsun Capital Bancorp's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Firstsun Capital Bancorp's Sloan Ratio % falls into.
Firstsun Capital Bancorp Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Firstsun Capital Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Firstsun Capital Bancorp's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 26.386 (Jun. 2025 ) + 23.174 (Sep. 2025 ) + 24.807 (Dec. 2025 ) + 21.583 (Mar. 2026 ) = $96.0 Mil.
Firstsun Capital Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 15.008 (Jun. 2025 ) + 49.372 (Sep. 2025 ) + 20.75 (Dec. 2025 ) + -12.368 (Mar. 2026 ) = $72.8 Mil.
Firstsun Capital Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -44.28 (Jun. 2025 ) + -178.258 (Sep. 2025 ) + 8.578 (Dec. 2025 ) + -277.997 (Mar. 2026 ) = $-492.0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Firstsun Capital Bancorp (FSUN) has a Sloan Ratio % of 6.01% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Firstsun Capital Bancorp and its competitors.
Is Firstsun Capital Bancorp's Sloan Ratio % too high?
Firstsun Capital Bancorp's current Sloan Ratio % is 6.01%. Overall, Firstsun Capital Bancorp has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Firstsun Capital Bancorp's Sloan Ratio % compare to DCOM and GABC?
Firstsun Capital Bancorp's Sloan Ratio % of 6.01% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Banks company?
A good Sloan Ratio % depends on the Banks industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Firstsun Capital Bancorp and its competitors. Firstsun Capital Bancorp's current Sloan Ratio % is 6.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstsun Capital Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Firstsun Capital Bancorp (FSUN) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.37, compared to a current price of $35.12 — trading 24.3% below its estimated fair value. The current Sloan Ratio % is 6.01%. Firstsun Capital Bancorp's overall GF Score™ is 63/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Firstsun Capital Bancorp (FSUN), the current Sloan Ratio % is 6.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Firstsun Capital Bancorp (FSUN) Overvalued in 2026?
Based on GuruFocus' analysis, Firstsun Capital Bancorp stock appears to be undervalued.
The current stock price of $35.12 is trading 24.3% below its estimated GF Value™ of $46.37.
GuruFocus considers Firstsun Capital Bancorp to be Modestly Undervalued.
Key valuation signals for FSUN:
Sloan Ratio %: 6.01%
GF Value™: $46.37 vs. price of $35.12 (24.3% below fair value)
No single metric tells the full story. See the FSUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstsun Capital Bancorp is the financial holding company. It provides a full range of deposit, lending, treasury management, wealth management, and online banking products and services. The company operates in two segments; Banking operations and mortgage operations, the majority of which are generated by the banking operations segment. The Banking segment originates loans and provides deposits and fee based services to consumer, business, and mortgage lending customers. Products offered include a full range of commercial and consumer banking and financial services. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans.
63GF Score
Get the complete analysis for FSUN
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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