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Red Flags Detected

  • Criticized Loans Increased To $895.2m (7.7% Of Total Loans) From $311.7m (4.7%) (worsened) — 78% of the increase came from acquired First Foundation loans, primarily multifamily real estate, signaling elevated credit risk in the combined portfolio.
  • Nonperforming Loans Rose To $190.1m (1.64% Of Loans) From $54.8m (0.84%) (worsened) — Increase includes $32.7M of purchased credit-deteriorated loans and is concentrated in multifamily, C&I, and residential mortgages.
  • Total Risk-Based Capital Ratio Declined To 14.13% From 15.94% (worsened) — Capital ratios compressed 181bp on the acquisition and credit losses, though all ratios remain well above regulatory minimums.
NASDAQ: FSUN FIRSTSUN CAPITAL BANCORP 10-Q

net income -$22.9M. FirstSun posts Q2 loss on merger costs; First Foundation deal doubles assets

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

  • high

    Net loss of $22.9M ($-0.49/share) vs. $26.4M income ($0.93/share) prior year, driven by $57.6M merger-related expenses and $41.7M provision for credit losses. Adjusted net income (excluding merger costs) was $21.0M or $0.45/share.

    MD&A: Net Income verify on EDGAR →
  • high

    First Foundation acquisition closed April 1, adding $11.2B assets, $8.8B deposits, and new markets (Florida, Nevada, Hawaii). Total assets rose 86% to $15.7B; stockholders' equity increased 68% to $1.8B on $686M equity consideration issued.

    MD&A: First Foundation Acquisition verify on EDGAR →
  • high

    Balance sheet repositioning liquidated $3.9B in assets (cash, securities, loans) to reduce $3.9B in liabilities (deposits, borrowings), designed to strengthen capital, enhance credit profile, and support relationship-focused business model.

    MD&A: Balance Sheet Repositioning verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 24, 2026 · How we verify