FirstSun Capital Bancorp (FSUN)
NASDAQ:FSUN
Want to see FSUN full AI Analyst Report?
Top Page
FirstSun Capital Bancorp
(NASDAQ:FSUN)
Select Model
Select Model
Rating:72Outperform
Price Target:
$40.00
▲(4.11% Upside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by solid financial performance (growth plus a substantially strengthened, de-levered balance sheet) and supportive valuation (low P/E). These positives are moderated by mixed technicals (below key longer-term moving averages with negative MACD) and execution risks noted in guidance and recent events, particularly competitive deposit pricing, lumpy C&I credit outcomes, and post-merger integration/governance complexity.
Positive Factors
Deleveraged balance sheet
The material deleveraging and stronger capital base (CET1 14.12% and tangible book value gains) increase resilience to credit shocks and rate cycles. Lower leverage preserves capacity for organic loan growth, M&A and dividend/capital actions without materially raising funding risk over the medium term.
Negative Factors
C&I credit concentration
Heavy C&I exposure creates episodic, idiosyncratic loss risk; concentrated charge-offs produced a sharp spike in provisions in 2025. Such concentration can make credit costs lumpy and increase earnings volatility, requiring higher ongoing loan-loss reserves and closer underwriting discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
The material deleveraging and stronger capital base (CET1 14.12% and tangible book value gains) increase resilience to credit shocks and rate cycles. Lower leverage preserves capacity for organic loan growth, M&A and dividend/capital actions without materially raising funding risk over the medium term.
Read all positive factors
FirstSun Capital Bancorp (FSUN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.79B
Dividend YieldN/A
Average Volume (3M)136.97K
Price to Earnings (P/E)10.6
Beta (1Y)0.63
Revenue Growth4.44%
EPS Growth3.19%
CountryUS
Employees1,127
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.95
Shares Outstanding46,623,333
10 Day Avg. Volume122,752
30 Day Avg. Volume136,969
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.91
Price to Sales (P/S)1.84
P/FCF Ratio10.08
Enterprise Value/Market Cap0.26
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit1.16
Enterprise Value/Ebitda3.43
Forecast
1Y Price Target
$46.00Price Target Upside19.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.01
Revenue Forecast (FY)$693.12M
FirstSun Capital Bancorp Business Overview & Revenue Model
Company Description
FirstSun Capital Bancorp operates as a bank holding company for Sunflower Bank that provides a range of commercial and consumer banking, and financial services to small and medium-sized companies. The company offers deposit products, including non...
How the Company Makes Money
null...
FirstSun Capital Bancorp Earnings Call Summary
Earnings Call Date:Jan 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 27, 2026
Earnings Call Sentiment Positive
The call highlighted multiple strong operating metrics: robust Q4 profitability (adjusted EPS $0.95), healthy revenue and NIM expansion (4.18%, +11 bps), solid loan fundings (≈$350M, +30% YoY Q4) and diversified fee growth (noninterest revenue +~24% YoY in Q4; +13% FY). Capital metrics and tangible book value improved materially, and management provided constructive 2026 stand-alone guidance. Offsetting items include concentrated charge-offs (two C&I loans driving ~75% of charge-offs), elevated provisioning/allowance movements, flat period-end loan and deposit balances in Q4, and competitive deposit pricing that may pressure betas and margins. Overall, the positive operating results, margin stability, and strong capital position outweigh the contained credit and deposit headwinds.Positive Updates
Strong Quarterly Profitability
Adjusted net income of $26.9 million in Q4; adjusted diluted EPS of $0.95 and adjusted ROAA of 1.27%.
Negative Updates
Concentrated Credit Charge-offs
Full-year charge-off ratio of ~43 basis points; approximately 75% of charge-off dollars related to two C&I credits (telecom and a cross-border credit); Q4 included a charge related to a telecom loan (partially charged off in prior quarters).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly Profitability
Adjusted net income of $26.9 million in Q4; adjusted diluted EPS of $0.95 and adjusted ROAA of 1.27%.
Read all positive updates
Company Guidance
The company’s 2026 stand‑alone guidance calls for mid‑single‑digit average balance loan growth, mid‑single‑digit net interest income growth with net interest margin roughly stable versus 2025 (after Q4 NIM of 4.18%), and assumes two rate cuts baked into expectations; noninterest revenue is expected to grow in the low double‑digit to low‑teens range while adjusted noninterest expense is projected to rise in the mid‑ to high‑single‑digit range. Credit metrics are guided to an allowance for credit losses to loans in the mid‑ to high‑120s bps and a net charge‑off ratio in the mid‑ to high‑20s bps (after a full‑year 2025 charge‑off ratio of ~43 bps driven largely by two C&I loans). Management noted deposit dynamics will be competitive (Q4 cost of deposits ~1.98%, spot end‑Dec ~1.90%), expects deposit betas to track lighter than historical 40%+ levels, and will run loan/deposit growth ratably through the year (FY25 ended with a ~93.9% loan‑to‑deposit ratio and FY25 deposit growth of ~6.5%, loans up ~5%). Guidance is on a stand‑alone FirstSun basis (not reflecting the pending First Foundation merger), and management reiterated focus on margin stability, operating leverage, and balance‑sheet repositioning.FirstSun Capital Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 569.65M | 540.07M | 485.21M | 347.92M | 287.36M |
| Gross Profit | 394.67M | 349.89M | 346.71M | 304.68M | 270.23M |
| EBITDA | 133.07M | 105.26M | 143.72M | 86.19M | 60.44M |
| Net Income | 97.94M | 75.63M | 103.53M | 59.18M | 43.16M |
Balance Sheet | |||||
| Total Assets | 8.49B | 8.10B | 7.88B | 7.43B | 5.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 620.44M | 996.12M | 880.50M | 1.24B |
| Total Debt | 36.68M | 114.92M | 515.90M | 792.11M | 162.01M |
| Total Liabilities | 7.33B | 7.06B | 7.00B | 6.66B | 5.14B |
| Stockholders Equity | 1.15B | 1.04B | 877.20M | 774.54M | 524.04M |
Cash Flow | |||||
| Free Cash Flow | 103.97M | 95.71M | 120.91M | 94.72M | 109.65M |
| Operating Cash Flow | 111.48M | 101.12M | 125.18M | 96.92M | 113.11M |
| Investing Cash Flow | -330.20M | -80.87M | -327.28M | -538.12M | -293.92M |
| Financing Cash Flow | 255.39M | 116.31M | 337.94M | 116.27M | 647.30M |
FirstSun Capital Bancorp Technical Analysis
Positive
38.42
Price Trends
37.36
Positive
37.42
Positive
37.31
Positive
Market Momentum
0.41
Negative
59.55
Neutral
86.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FSUN, the sentiment is Positive. The current price of 38.42 is above the 20-day moving average (MA) of 36.82, above the 50-day MA of 37.36, and above the 200-day MA of 37.31, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 59.55 is Neutral, neither overbought nor oversold. The STOCH value of 86.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSUN.
FirstSun Capital Bancorp Risk Analysis
FirstSun Capital Bancorp disclosed 73 risk factors in its most recent earnings report. FirstSun Capital Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Issuance of shares of our common stock in connection with the merger may adversely affect the market price of our common stock. Q4, 2025
2.
Stockholder litigation could prevent or delay the completion of the merger or otherwise negatively impact our business and operations. Q4, 2025
3.
Our business needs and future growth may require us to raise additional capital, but that capital may not be available or may be dilutive. Q4, 2025
FirstSun Capital Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.05B | 10.15 | 9.74% | 2.43% | 3.54% | 12.23% | |
75 Outperform | $985.42M | 7.80 | 14.60% | 3.49% | 53.68% | 290.47% | |
74 Outperform | $1.25B | 9.18 | 13.65% | 1.70% | 4.33% | -2.20% | |
73 Outperform | $1.03B | 10.37 | 9.82% | 2.59% | 4.49% | 20.44% | |
72 Outperform | $1.79B | 10.56 | 8.28% | ― | 4.44% | 3.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $974.10M | 13.23 | 8.53% | 4.59% | -4.08% | -16.80% |
* Financial Sector Average
FSUN
FirstSun Capital Bancorp
38.42
4.45
13.10%
SBSI
Southside Bancshares
32.58
6.00
22.58%
UVSP
Univest Of Pennsylvania
36.62
10.16
38.38%
FMBH
First Mid-Illinois Bancshares
42.83
11.32
35.94%
AMAL
Amalgamated Bank
42.00
15.78
60.20%
BHRB
Burke & Herbert Bank & Company
65.12
16.87
34.96%
FirstSun Capital Bancorp Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsRegulatory Filings and Compliance
FirstSun Capital Completes Merger, Reshapes Governance Structure
Positive
Apr 1, 2026
On April 1, 2026, FirstSun Capital Bancorp completed its all-stock merger with First Foundation Inc., with First Foundation and its bank subsidiary folded into FirstSun and Sunflower Bank, respectively, at an exchange ratio of 0.16083 FirstSun sha...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
FirstSun Capital Bancorp Gains Final Approval for Merger
Positive
Mar 12, 2026
On March 12, 2026, FirstSun Capital Bancorp and First Foundation Inc. said they had received final U.S. bank regulatory approvals, including from the Federal Reserve and the Office of the Comptroller of the Currency, for First Foundation’s m...
Business Operations and StrategyM&A TransactionsShareholder Meetings
FirstSun Shareholders Approve Key Proposals for Merger
Positive
Feb 27, 2026
On February 27, 2026, FirstSun Capital Bancorp stockholders approved four key proposals at a special meeting related to its planned merger with First Foundation Inc., including adoption of the October 27, 2025 merger agreement under which First Fo...
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
FirstSun Capital Bancorp Merger Gains OCC Approval Milestone
Positive
Feb 25, 2026
FirstSun Capital Bancorp and First Foundation Inc., both diversified U.S. banking and wealth management providers, serve retail, commercial, and high-net-worth clients through multi-state branch networks and extensive digital and mortgage platform...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
FirstSun Capital Amends Merger Terms on Non‑Voting Stock
Neutral
Feb 6, 2026
On October 27, 2025, FirstSun Capital Bancorp entered into a merger agreement to combine with First Foundation Inc., under which First Foundation will merge into FirstSun, with FirstSun as the surviving corporation. On February 6, 2026, the partie...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
FirstSun Capital Posts Strong Q4 Results Amid Merger Progress
Positive
Jan 26, 2026
On January 23, 2026, FirstSun Capital Bancorp announced that longtime director Diane L. Merdian plans to resign from the boards of both the company and Sunflower Bank, effective at the earlier of the closing of its proposed merger with First Found...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.