FirstSun Q1 net income $26.3M ($1.03 EPS), up from $7.7M ($0.41) a year ago

FIRSTSUN CAPITAL BANCORP

2023-Q1 EPS reported $1.03

Net interest margin of 4.39%; loan growth of 10.1% annualized to $6.1B.
Fee revenue 20.3% of total revenue; mortgage banking income rose $1.2M.
Uninsured/uncollateralized deposits fell from 41.6% to 25.5% of total deposits.
Tangible book value per share $27.72, up $1.03 from Dec. 31, 2022.
CET1 ratio 10.11%; total risk-based capital 12.19%; tier 1 leverage 9.86%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRSTSUN CAPITAL BANCORP reported first quarter ended March 31, 2023 results: net income $26.3 million, EPS $1.03 per diluted share.

Period: first quarter ended March 31, 2023
Net income: $26.3 million
EPS: $1.03 per diluted share
Result: reported results

Exact text from the filing

FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $26.3 million for the first quarter of 2023 compared to net income of $7.7 million for the first quarter of 2022. Earnings per diluted share were $1.03 for the first quarter of 2023 compared to $0.41 for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001709442-23-000008

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