earnings
confidence high
sentiment positive
materiality 0.65
FirstSun Capital Bancorp Q4 2022 net income $24.6M ($0.96 EPS); NIM expands to 4.45%
FIRSTSUN CAPITAL BANCORP
2022-FY EPS reported
$2.48
- Net income of $24.6M ($0.96 diluted EPS) in Q4 2022, up from $8.8M ($0.47) in Q4 2021.
- Net interest margin increased 19 bps to 4.45% QoQ; loan yield 5.46%, deposit cost 0.65%.
- Loans grew $355M (25.6% annualized) to $5.9B; deposits declined $154M (-10.5% annualized).
- Full year 2022 net income $59.2M ($2.48 diluted); adjusted net income $76.2M ($3.20) excl merger costs.
- Capital ratios above well-capitalized: CET1 9.94%, total risk-based 11.99%, leverage 9.71%.