Watch for further credit deterioration in coming quarters and NIM compression from the First Foundation balance sheet repositioning. The full-year 2026 NIM guidance of mid-3.80% suggests margin pressure ahead. Consider reducing exposure until credit trends stabilize.
Price Chart
Executive Summary
FirstSun Capital Bancorp reported Q1 2026 adjusted diluted EPS of $0.84, missing consensus of $0.90 by 6.7%, as net income fell 8.4% YoY to $21.6M. Credit costs rose sharply with net charge-offs at 0.63% of loans (vs 0.30% prior quarter), while total revenue grew 14.3% YoY and net interest margin expanded to 4.25%. The stock is likely to trade down on the earnings miss and deteriorating credit quality, despite strong loan growth.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS $0.84 vs consensus $0.90 (-6.7% miss)
- GAAP net income $21.6M, down 8.4% YoY from $23.6M
- Net charge-offs surged to $10.6M (0.63% of loans) from $5.0M (0.30%) in Q4 2025
- Total revenue (NII + noninterest income) $110.0M, up 14.3% YoY
- Net interest margin improved 7 bps to 4.25%
- Loans grew 16.2% annualized; merger with First Foundation closed April 1, 2026
Financial Impact
EPS miss of $0.06 adjusted vs consensus; net income decline of $2.0M YoY
Risk Factors
- Elevated net charge-offs may persist, especially if C&I portfolio deteriorates further
- NIM expected to compress to mid-3.80s from 4.25% due to repositioning
- Merger integration costs and execution risk from acquiring Foundation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001709442-26-000026 |
| Document: a1q26earningspresentatio.htm | 0001709442-26-000026 |
| Document: fcb-20260427.htm | 0001709442-26-000026 |
| Document: 0001709442-26-000026-index-headers.html | 0001709442-26-000026 |
| Document: 0001709442-26-000026-index.html | 0001709442-26-000026 |
| Document: 0001709442-26-000026.txt | 0001709442-26-000026 |
| 8-K Data (Synthetic) | 0001709442-26-000026 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 16, 2026 6w ago | Institutional Cluster | $40.98 $40.56 | ▼ −1.02% | ▲ +0.17% | $39.57 (−3.44%) |
Jun 25, 2026 14w ago | 8-K | $37.62 $39.85 | ▲ +5.94% | ▲ +4.38% | $39.57 (+5.20%) |
Jun 5, 2026 16w ago | 8-K | $35.72 $36.28 | ▲ +1.57% | ▼ −0.54% | $39.57 (+10.78%) |
Apr 27, 2026 22w ago | 8-K | $37.31 $35.84 | ▲ +3.94% | ▲ +5.63% | $39.57 (−6.06%) |
Apr 21, 2026 23w ago | DEFA14A | $38.11 $37.31 | ▼ −2.10% | ▼ −3.18% | $39.57 (+3.83%) |
Feb 25, 2026 31w ago | 8-K | $38.58 $37.17 | ▼ −3.65% | ▼ −2.53% | $39.57 (+2.57%) |
US Market Status
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