FirstSun Capital Bancorp (NASDAQ: FSUN) shares declined on July 10, 2026 after the Company projected a $40-$41 million provision for credit losses and $42-$43 million in charge-offs for the second quarter of 2026, including a $22 million charge-off tied to a suspected-fraud loan.
The projected charge-off and provision figures were disclosed in a Form 8-K filed after-market on July 9, 2026. In the release, FirstSun highlighted they now “expect charge-offs to average loans to be in the high 50s range in basis points.” During the Company’s previous earnings call on April 28, 2026, CFO Robert A. Cafera had previously set expectations “to end the year in the mid-20s in basis points.” FirstSun also announced that its second-quarter 2026 results would be released after market close on July 27, 2026.
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