8-K
filed October 27, 2023, 7:59 PM ET
ticker FSUN
CIK 0001709442
earnings
confidence high
sentiment neutral
materiality 0.60
FirstSun reports Q3 net income $25.2M ($1.00/diluted); deposits grow 24% annualized
FIRSTSUN CAPITAL BANCORP
2023-Q3 EPS reported
$3.13
- Net income of $25.2M ($1.00 diluted EPS) vs $28.0M ($1.11) prior quarter and $26.5M ($1.04) a year ago.
- Net interest margin stable at 4.23%; average deposits grew 24% annualized to $6.3B.
- Loans grew 1.6% annualized to $6.2B; loan yield increased 31 bps to 6.44%.
- Provision for credit losses $3.9M; net charge-offs $2.3M (0.15% annualized); NPAs/total assets improved to 0.63% from 1.00%.
- Tangible book value per share up $0.84 to $29.60; capital ratios above 'well-capitalized' thresholds.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTSUN CAPITAL BANCORP reported third quarter of 2023 results: net income 25.2 million, EPS 1.00.
- Period
- third quarter of 2023
- Net income
- 25.2 million
- EPS
- 1.00
- Result
- reported results
Exact text from the filing
FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $25.2 million for the third quarter of 2023 compared to net income of $26.5 million for the third quarter of 2022. Earnings per diluted share were $1.00 for the third quarter of 2023 compared to $1.04 for the third quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTSUN CAPITAL BANCORP reported third quarter of 2023 results: net income 25.2 million, EPS 1.00.
- Period
- third quarter of 2023
- Net income
- 25.2 million
- EPS
- 1.00
- Result
- reported results
Exact text from the filing
Net income totaled $25.2 million, or $1.00 per diluted share, during the third quarter of 2023, compared to $28.0 million, or $1.11 per diluted share, during the prior quarter.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FIRSTSUN CAPITAL BANCORP reported third quarter ended September 30, 2023 results: net income 25.2 million, EPS 1.00.
- Period
- third quarter ended September 30, 2023
- Net income
- 25.2 million
- EPS
- 1.00
- Result
- reported results
Exact text from the filing
On October 27, 2023 , FirstSun Capital Bancorp issued an earnings press release announcing financial results for the third quarter ended September 30, 2023.
View on SEC.gov
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