FirstSun posts Q2 2026 net loss of $22.9 million, swinging from net income of $26.4 million a year earlier; diluted EPS turns to loss of $0.49.
Adjusted net income falls 21.02% to $21 million.
Margin, credit costs and expenses move higher
Net interest income rises to $143.2 million from the prior quarter; net interest margin narrows 67 basis points to 3.58%.
Provision for credit losses climbs to $40.4 million from the prior quarter; net charge-offs increase to $42.4 million.
Noninterest expense jumps to $171.7 million from the prior quarter, including $57.6 million of merger-related expenses tied to the First Foundation acquisition.
Share repurchase authorization and management comments
Board authorizes up to $150 million share repurchase through June 30, 2027.
CEO Neal Arnold cites two large loan charge-offs and integration costs.
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