FirstSun expects Q2 2026 charge-offs on two loans, updates 2026 credit outlook
FirstSun Capital Bancorp expects its second quarter 2026 results to be hurt by charge-offs on two commercial loans and higher provisions for credit losses. The larger charge-off stems from a loan to a materials distributor where the company believes the borrower made fraudulent misrepresentations, and the company is updating its full-year 2026 credit outlook as a result.
Key points
- Expected Q2 2026 provision for credit losses of $40 million to $41 million and charge-offs of $42 million to $43 million.
- Approximately $22.0 million charge-off on a $23.6 million asset-based loan to a materials distributor; a receiver has been appointed and law enforcement has been notified.
- Approximately $12.9 million charge-off on a $16.0 million commercial and industrial loan to a technology company.
- For full-year 2026, net charge-offs expected in the high 50s basis points of average loans; no other prior guidance updated; Q2 results due July 27, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.