FirstSun Capital warns Q2 charge-offs $42-43M; fraud-related $22M loss on $23.6M loan

FIRSTSUN CAPITAL BANCORP

Expects $22.0M charge-off on $23.6M asset-based loan to materials distributor due to borrower fraud; minimal recovery anticipated.
Expects $12.9M charge-off on $16.0M C&I loan to technology company due to deteriorating financial performance.
Q2 2026 provision for credit losses expected $40-41M; total charge-offs $42-43M.
Full-year 2026 net charge-offs to average loans guided to high 50s bps; allowance to loans mid-140s to 150s bps.
Management believes fraud incident isolated; law enforcement notified; no other guidance updated.

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