Revenue: As of FY2026 Q2, the actual value is USD 184.14 M.

EPS: As of FY2026 Q2, the actual value is USD -0.49, missing the estimate of USD -0.1267.

EBIT: As of FY2026 Q2, the actual value is USD -27.97 M.

Net Income and Profitability

FirstSun Capital Bancorp reported a net loss of - $22.9 million for the second quarter of 2026, compared to a net income of $26.4 million for the second quarter of 2025. Adjusted net income for Q2 2026 was $21.0 million, compared to $26.6 million for Q2 2025. For the year-to-date (YTD) Q2 2026, reported net income was - $1.3 million, and adjusted net income was $44.7 million.

Net interest margin (NIM) was 3.58% for Q2 2026, a decrease of 67 basis points from the prior quarter. YTD Q2 2026 NIM was 3.80%, down 27 basis points from YTD Q2 2025. Noninterest income to total revenue was 22.2% for Q2 2026, a decrease of 2.5% from the prior quarter. YTD Q2 2026 noninterest income to total revenue was 23.2%, down 1.0% from YTD Q2 2025.

Return on average total assets (ROAA) was -0.54% (Reported) and 0.50% (Adjusted) in Q2 2026, compared to 1.04% (Reported) and 1.14% (Adjusted) for the prior quarter. Return on average stockholders’ equity was -4.92% (Reported) and 4.52% (Adjusted) for Q2 2026, compared to 7.47% (Reported) and 8.20% (Adjusted) for the prior quarter. Return on average tangible stockholders’ equity (ROATE) was -4.69% (Reported) and 5.86% (Adjusted) in Q2 2026.

Net Interest Income and Noninterest Income

Net interest income totaled $143.2 million for Q2 2026, an increase of $60.4 million compared to $82.779 million in the prior quarter.

Noninterest income totaled $40.9 million for Q2 2026, an increase of $13.8 million from the prior quarter. This increase was driven by a $7.9 million increase in trust and investment advisory fees and a $1.6 million increase in mortgage banking services, primarily due to the First Foundation acquisition. Mortgage banking services income comprised 39.0% of noninterest income, and Trust and investment advisory services income comprised 23% of noninterest income.

Operating Costs and Efficiency

Noninterest expense totaled $171.7 million for Q2 2026, an increase of $96.4 million from the prior quarter, including $57.6 million in merger-related expenses.

The efficiency ratio was 93.25% (Reported) and 61.99% (Adjusted) for Q2 2026, compared to 68.52% (Reported) and 66.08% (Adjusted) for the prior quarter. The YTD Q2 2026 efficiency ratio was 84.00% (Reported) and 63.52% (Adjusted).

The effective tax rate for Q2 2026 was 18.3%, compared to 18.1% for the prior quarter.

Asset Quality

Provision for credit losses increased by $32.2 million to $40.4 million for Q2 2026, primarily due to downgrades and write-downs of two C&I lending relationships.

Net charge-offs for Q2 2026 were $42.4 million, resulting in an annualized ratio of net charge-offs to average loans of 1.45%. This included a $22.0 million charge-off on an asset-based loan and a $12.9 million charge-off on a loan to a technology company.

The Allowance for Credit Losses (ACL) as a percentage of loans outstanding was 1.50% at June 30, 2026, an increase of 30 basis points from the prior quarter. The ratio of nonperforming assets to total assets was 1.32% at June 30, 2026, compared to 0.82% at March 31, 2026. Nonperforming loans (NPL) totaled $190.115 million, or 1.64% of loans at June 30, 2026.

Balance Sheet

Total assets were $15.7 billion at June 30, 2026, compared to $8.565 billion at March 31, 2026. Loans held-for-investment (HFI) were $11.6 billion at June 30, 2026, an increase of $4.6 billion from $6.9 billion at March 31, 2026, primarily due to the First Foundation acquisition.

Total deposits were $13.4 billion at June 30, 2026, an increase of $6.3 billion from $7.1 billion at March 31, 2026, primarily due to the First Foundation acquisition. Noninterest-bearing deposit accounts represented 19.9% of total deposits at June 30, 2026. The loan to deposit ratio was 86.2% at June 30, 2026. The ratio of total uninsured deposits to total deposits was estimated to be 31.6% at June 30, 2026.

Book value per share was $39.29 at June 30, 2026, a decrease of $2.79 from March 31, 2026. Tangible book value per share was $35.16, a decrease of $3.41 from March 31, 2026.

Capital Ratios

At June 30, 2026, FirstSun Capital Bancorp’s common equity tier 1 (CET1) risk-based capital ratio was 11.95%, total risk-based capital ratio was 14.13%, and tier 1 leverage ratio was 9.47%, all remaining above “well-capitalized” thresholds.

Merger and Repositioning Impacts

FirstSun Capital Bancorp completed its merger with First Foundation on April 1, 2026, acquiring net loans of $6.0 billion, total assets of $11.2 billion, and total deposits of $8.8 billion, net of purchase accounting adjustments. The company also completed a balance sheet repositioning strategy involving the liquidation of $1.2 billion in cash, $1.4 billion in securities, and $1.3 billion in loans, using the proceeds to reduce $2.5 billion in deposits and $1.4 billion in borrowings. Merger and integration expenses are expected to be approximately 6% less than initial estimates.

Share Repurchase Program

On July 24, 2026, FirstSun Capital Bancorp’s board of directors authorized a share repurchase program to acquire up to $150.0 million of its common stock through June 30, 2027.

Outlook and Guidance

FirstSun Capital Bancorp expects low single-digit growth for both loans and deposits for the full year 2026 and Q4 2026, with the full-year 2026 Net Interest Margin projected to be in the low-3.80s. For credit, Net Charge-Offs to Average Loans are anticipated to be in the high 50s range in basis points for the full year, and the Allowance for Credit Losses to Loans is expected to be in the mid-140s to 150 basis points range. The company expects mid-single-digit loan and deposit growth for 2027, with NIM improving into the high 3.80s range in Q1 2027, and the efficiency ratio anticipated to be in the high-50s to low-60s range in Q1 2027 due to further realization of acquisition-related cost savings.