FirstSun Capital Bancorp reports Q2 net loss of $22.9M, completes First Foundation merger, authorizes $150M buyback

FIRSTSUN CAPITAL BANCORP

Completed merger with First Foundation, acquiring $6.0B net loans, $11.2B total assets, $8.8B deposits.
Net loss of $(22.9)M ($(0.49)/diluted share); adjusted net income $21.0M ($0.45/diluted share).
Net interest margin 3.58%; noninterest income to total revenue 22.2%.
Board authorized $150M share repurchase program through June 30, 2027.
Balance sheet repositioning of $3.9B completed.

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