FirstSun Capital Bancorp reported a net loss of $22.9 million, or $0.49 per diluted share, for the second quarter of 2026, compared to net income of $26.4 million in the prior year period. The results reflect the April 1, 2026, merger with First Foundation, which added $11.2 billion in total assets and $8.8 billion in deposits. Financial performance was impacted by $57.6 million in merger-related expenses and $42.4 million in net charge-offs, including a $22.0 million charge-off from a fraudulent materials distributor loan. The company also completed a balance sheet repositioning strategy involving the liquidation of $1.2 billion in cash, $1.4 billion in securities, and $1.3 billion in loans. The board authorized a $150 million share repurchase program through June 30, 2027. FirstSun is a financial holding company providing banking and wealth management services.

FirstSun Capital Bancorp expects its second quarter 2026 financial results to be adversely affected by significant charge-offs related to two commercial lending relationships. The company anticipates an approximate $22.0 million charge-off on an asset-based loan to a materials distributor due to fraudulent misrepresentations, and an approximate $12.9 million charge-off on a $16.0 million commercial and industrial loan to a technology company. Consequently, the company is updating its 2026 full year credit outlook, with expected net charge-offs to average loans to be in the high 50s range in basis points and allowance for credit losses to loans in the mid-140s to 150s range in basis points. FirstSun Capital Bancorp is a financial services holding company for Sunflower Bank, National Association.

FirstSun Capital Bancorp completed the sale of approximately $336 million of performing municipal loans, which were acquired from First Foundation Bank, to an unaffiliated third party on June 25, 2026. The company intends to use the proceeds to pay down high-cost brokered and non-brokered deposits. This transaction completes the balance sheet repositioning strategy following the April 1, 2026, acquisition of First Foundation Inc. FirstSun Capital Bancorp is a financial services holding company that operates a bank.