FirstSun expects Q2 provision for credit losses at $40 million-$41 million

FirstSun Capital Bancorp

FirstSun Capital Bancorp

FSUN

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  • FirstSun Capital Bancorp flagged weaker Q2 2026 results on expected credit losses tied mainly to two commercial lending relationships.
  • Provision for credit losses forecast at $40 million-$41 million, with charge-offs expected at $42 million-$43 million.
  • Asset-based loan to a materials distributor: $23.6 million balance, alleged fraudulent misrepresentations, receiver appointed; about $22 million charge-off expected.
  • C&I loan to a technology company: $16 million balance, business deterioration; about $12.9 million charge-off expected.
  • Full-year 2026 outlook updated: net charge-offs to average loans in the high-50s bps, allowance for credit losses to loans in the mid-140s to 150s bps.


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