FirstSun's charge-offs rise in uneven first quarter
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FirstSun Capital Bancorp reported a challenging first quarter, with net charge-offs rising to $10.6 million due to two significant loans. While earnings per share slightly exceeded expectations at 76 cents, adjusted EPS fell short at 84 cents. Total revenue increased to $109.9 million, and loan growth reached $6.9 billion, a 7% rise. The bank also completed its acquisition of First Foundation, doubling its assets to around $20 billion and expanding its market presence.
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