FIRSTSUN CAPITAL BANCORP (FSUN) Form 10-Q — Aug 10, 2026
FirstSun Capital Bancorp reported a Q2 2026 net loss of $22.9 million, or $0.49 per share, versus net income of $26.4 million a year earlier, driven by $57.6 million of merger-related expenses and a $40.4 million provision for credit losses tied to its April 1, 2026 acquisition of First Foundation Inc. The completed merger, valued at $703.6 million in total consideration with a 0.16083 exchange ratio and $9.1 million of preliminary goodwill, roughly doubled the company: total assets rose to $15.7 billion from $8.5 billion at year-end 2025, deposits to $13.4 billion, and stockholders' equity to $1.84 billion. Credit metrics stepped up sharply with the acquired book.
Key figures
- Eps
- -$0.49 basic and diluted (Q2 2026); -$0.03 (six months 2026)
- Revenue
- Net interest income $143.2M plus noninterest income $40.9M (Q2 2026)
- Net Income
- -$22.85M net loss (Q2 2026); -$1.27M (six months 2026)
- Total Assets
- 15717985000
- Cash Position
- 989511000
- Shares Outstanding
- 43,950,366 voting and 2,633,607 non-voting (Aug 7, 2026); 46,765,434 total issued at June 30, 2026
- Exchange ratio
- 0.16083
- Assets acquired
- 11184713000
- Deposits assumed
- 8772082000
- Nonaccrual loans
- 189983000
- Liabilities assumed
- 10490198000
- Preliminary goodwill
- 9053000
- Loans net jun 30 2026
- 11394892000
- Acquisition close date
- April 1, 2026
- Merger total consideration
- 703568000
- Q2 2026 noninterest income
- 40948000
- Total deposits jun 30 2026
- 13418004000
- Allowance for credit losses
- 173551000
- Q2 2026 net interest income
- 143195000
- Cash paid to warrant holders
- 17500000
- Gross charge offs six months
- 53221000
- Initial acl on acquired loans
- 92500000
- Q2 2026 merger related expenses
- 57559000
- Stockholders equity jun 30 2026
- 1837392000
- Merger stock consideration value
- 682800000
- Pro forma q2 2026 total revenues
- 270964000
- Q2 2026 provision for credit losses
- 40400000
- Pro forma q2 2026 net income to common
- 21470000
- Six month 2026 merger related expenses
- 60240000
- Shares issued to first foundation holders
- 18726885
Price after filing
Close on the filing date to close N calendar days later (from $39.67). Historical, not a forecast.
AI analysis
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