secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001709442-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstSun reports Q3 net income $25.2M ($1.00/diluted); deposits grow 24% annualized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000170944223000026/0001709442-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000170944223000026/fcb-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001709442-23-000026

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