secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001709442-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstSun Q2 net income $28M ($1.11 EPS); record earnings driven by NIM 4.24% and loan growth
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- Net income $28.0M vs $0.4M in Q2 2022; diluted EPS $1.11 vs $0.02; prior quarter EPS was $1.03.
- Net interest margin 4.24%, down 15bp from prior quarter; loan yield up 25bp to 6.13%.
- Annualized loan growth 6.2% ($94M); average deposit growth 9.7% ($141M); loan-to-deposit 100.1%.
- Noninterest income $24.3M (24.8% of revenue), up $5.4M QoQ on mortgage servicing and fees.
- Tangible book value per share $28.76, up $1.04 from March 31; capital ratios above well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000170944223000016/0001709442-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000170944223000016/fcb-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001709442-23-000016

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