{"url":"https://newsforagent.com/news/2026-10-26/firstsun-capital-bancorp-third-quarter-profit","markdown_url":"https://newsforagent.com/news/2026-10-26/firstsun-capital-bancorp-third-quarter-profit.md","title":"FirstSun Capital Bancorp Posts $38.4 Million Third Quarter Profit","headline":"FirstSun Capital Bancorp Swings to $38.4 Million Profit as First Foundation Conversion Closes","description":"FirstSun Capital Bancorp earned $38.4 million in the third quarter of 2026, reversing a prior-quarter loss, as its net interest margin rose to 3.82%.","section":"Earnings & Results","published_at":"2026-10-26T20:44:42+00:00","modified_at":"2026-10-26T20:44:42+00:00","author":"News Desk","key_takeaways":["FirstSun Capital Bancorp reported third quarter 2026 net income of $38.4 million, or $0.82 per diluted share, compared with a net loss of $22.9 million in the prior quarter.","Adjusted net income was $48.2 million, or $1.03 per diluted share, and the net interest margin rose 24 basis points to 3.82%.","FirstSun completed the core system conversion of First Foundation in late September 2026."],"companies":[{"name":"FirstSun Capital Bancorp","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0008yu5/firstsun-capital-bancorp","website":"https://ir.firstsuncb.com"}],"source":{"publisher":"Business Wire","title":"FirstSun Capital Bancorp Reports Third Quarter 2026 Results","url":"https://www.businesswire.com/news/home/20261025945781/en/"},"other_sources":[],"tags":["Earnings & Results","FirstSun Capital Bancorp"],"body_markdown":"[FirstSun Capital Bancorp](https://akta.pro/company-profiles/0008yu5/firstsun-capital-bancorp) reported net income of $38.4 million in the third quarter of 2026, or $0.82 per diluted share, compared with a net loss of $22.9 million in the second quarter, [Business Wire](https://www.businesswire.com/news/home/20261025945781/en/) reported on October 26, 2026. FirstSun is the Denver-based financial holding company for Sunflower Bank, N.A. and First Foundation Advisors, with depository branches in ten states and mortgage capabilities in 44 states.\n\n## FirstSun's Third Quarter Earnings and Margin\n\nAdjusted net income, a non-GAAP measure, was $48.2 million, or $1.03 per diluted share, compared with $21.0 million, or $0.45 per diluted share, in the prior quarter. Net interest income totaled $140.3 million, a decrease of $2.9 million from the prior quarter, while the net interest margin rose 24 basis points to 3.82%. Return on average total assets was 0.98% and return on average stockholders' equity was 8.23%, compared with negative 0.54% and negative 4.92% in the prior quarter.\n\nNeal Arnold, FirstSun's Chief Executive Officer and President, said, \"Third quarter results reflect our continued progress on our strategic priorities highlighted by an improved net interest margin as a result of continued balance sheet improvements, a strong diversified revenue profile and improved earnings performance, including benefits from operating synergies realized following the acquisition of First Foundation in the second quarter.\"\n\nThe provision for credit losses was $4.4 million, compared with $40.4 million in the second quarter, and net charge-offs were $3.3 million, or 0.11% of average loans on an annualized basis. Noninterest expense fell $45.2 million to $126.6 million, with merger-related expenses down $44.3 million. Loans were $11.5 billion at September 30, 2026, and deposits were $13.0 billion.\n\n## FirstSun's First Foundation Merger and Loan Sale\n\nAccording to akta.pro [company records](https://akta.pro/company-data), FirstSun completed an all-stock merger with First Foundation Inc. valued at approximately $785 million on April 1, 2026, creating a combined platform with approximately $20.4 billion in pro forma total assets. The same records show Sunflower Bank closed the sale of approximately $890 million in performing multifamily commercial real estate mortgage loans to Brookfield Asset Management in June 2026, with Stifel as sole structuring agent.\n\n## FirstSun's Path to the Third Quarter\n\nFirstSun reported second quarter revenue of $143.7 million, representing 42.2% year-over-year growth but missing analyst estimates by 21.4%, along with a GAAP loss per share of $0.49, FinancialContent Business Page reported in August 2026. Pomerantz LLP announced an investigation into FirstSun on behalf of investors in August 2026, examining whether the company and its officers engaged in securities fraud or unlawful business practices, and Lowey Dannenberg, P.C. announced an investigation into potential violations of federal securities laws the same month.\n\n## FirstSun's October 27 Conference Call\n\nFirstSun will host a conference call on Tuesday, October 27, 2026 at 11:00 a.m. ET to discuss its third quarter 2026 financial results, with an audio replay and accompanying presentation slides to be available afterward on the Events & Presentations page of [FirstSun's website](https://ir.firstsuncb.com).\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}