secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2026-07-09T20:30:14+00:00
Accession:  0001709442-26-000041
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000170944226000041/0001709442-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000170944226000041/fcb-20260709.htm
  HTML page:      https://secwatch.observer/filing/0001709442-26-000041

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