secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001709442-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000170944224000005/0001709442-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000170944224000005/fcb-20240126.htm
  HTML page:      https://secwatch.observer/filing/0001709442-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer