FirstSun Q2 FY26 swings to net loss of $22.9 million; adjusted net income falls 21.02% to $21 million

Reuters2026/07/27 21:16

By:Reuters

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FirstSun posts Q2 2026 net loss of $22.9 million, swinging from net income of $26.4 million a year earlier; diluted EPS turns to loss of $0.49.
Net interest income rises to $143.2 million from the prior quarter; net interest margin narrows 67 basis points to 3.58%.
Provision for credit losses climbs to $40.4 million from the prior quarter; net charge-offs increase to $42.4 million.
Noninterest expense jumps to $171.7 million from the prior quarter, including $57.6 million of merger-related expenses tied to the First Foundation acquisition.
Board authorizes up to $150 million share repurchase through June 30, 2027; CEO Neal Arnold cites two large loan charge-offs and integration costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firstsun Capital Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20260725425984) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FirstSun Q2 FY26 swings to net loss of $22.9 million; adjusted net income falls 21.02% to $21 million

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