FirstSun Capital Bancorp Q3 adjusted EPS rises on lower merger expenses
FSUN•FirstSun Capital Bancorp’s third-quarter adjusted EPS rose to $1.03 from $0.83 a year earlier. Net interest margin increased to 3.82% from 3.58% in the second quarter, and the company repurchased 1.2 million shares for $49.7 million.
1. Quarterly results
FirstSun Capital Bancorp said third-quarter adjusted EPS rose to $1.03 from $0.83 a year earlier, with lower merger-related expenses contributing to improved earnings. Net interest margin rose to 3.82% from 3.58% in the prior quarter, driven by balance-sheet changes and merger-related actions, including loan and securities sales.
2. Share repurchases
The company repurchased 1.2 million shares for $49.7 million during the quarter. It did not provide specific financial guidance for future quarters or the full year.
