FirstSun reports Q4 net income $24.0M ($0.94 EPS); full-year net income $103.5M ($4.08 EPS), record earnings

FIRSTSUN CAPITAL BANCORP

2023-FY EPS reported $4.08

Q4 net income $24.0M ($0.94 diluted EPS) vs $24.6M ($0.96) in Q4 2022; FY2023 net income $103.5M ($4.08) vs $59.2M ($2.48) in FY2022.
Net interest margin 4.08% in Q4 (down 15bp qoq) and 4.23% for FY2023 (up 36bp yoy).
Loans at $6.3B at Dec 31, 2023, up 6.01% YoY; average deposits up 9.65% YoY.
Provision for credit losses $6.6M in Q4 (up from $3.9M prior qtr); net charge-offs $4.7M (annualized 0.30%).
Capital ratios strong: CET1 11.10%, total risk-based 13.25%; tangible book value per share $30.96 (up $4.27 YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

FIRSTSUN CAPITAL BANCORP reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 26, 2024 , FirstSun Capital Bancorp issued an earnings press release announcing financial results for the fourth quarter and full year ended December 31, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRSTSUN CAPITAL BANCORP filing history →

Source: SEC EDGAR

accession 0001709442-24-000005

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