FirstSun Capital's Q4 net income rises to $24.8 mln

Overview

• U.S. bank's Q4 net income rose to $24.8 mln, with EPS at $0.88

• Adjusted EPS for Q4 was $0.95, reflecting strong operational performance

• Net interest margin improved to 4.18% in Q4

Outlook

• FirstSun sees franchise opportunities ahead in 2026 despite macroeconomic risks

• Company focuses on operational integration with First Foundation

Result Drivers

• NET INTEREST INCOME - Increased by $2.5 mln in Q4, driven by higher average loan growth and strategic focus on C&I, consumer, and service fee businesses

• NONINTEREST INCOME - Slight increase due to higher loan syndication fees and swap fee income, despite a decrease in mortgage banking services

• CREDIT LOSSES - Provision for credit losses at $6.2 mln due to net portfolio downgrades and a specific customer relationship write-down in C&I loan portfolio

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Firstsun Capital Bancorp is $44.50, about 17.8% NOT AVAILABLE its January 23 closing price of $37.77

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwc7bY1Ra

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