FirstSun Capital Bancorp Reports Earnings on Jan 26, 2024
Ticker: FSUN · Form: 8-K · Filed: Jan 26, 2024 · CIK: 1709442
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, 8-K
TL;DR
**FirstSun Capital Bancorp just dropped earnings, check the numbers!**
AI Summary
On January 26, 2024, FirstSun Capital Bancorp (NASDAQ: FSUN) announced its earnings results, as detailed in this 8-K filing. This filing indicates the company is providing an update on its financial performance, which is crucial for investors to assess the company's profitability and operational efficiency. For shareholders, this matters because it offers transparency into the company's health and can influence stock price movements based on whether the results meet or miss market expectations.
Why It Matters
This filing signals that FirstSun Capital Bancorp has released its latest financial performance, which is a key indicator for investors to evaluate the company's health and future prospects.
Risk Assessment
Risk Level: low — This 8-K filing is a routine announcement of earnings results, which is standard corporate disclosure and does not inherently present a high risk.
Analyst Insight
A smart investor would seek out the actual earnings release mentioned in this 8-K to analyze the financial performance metrics and compare them against analyst expectations before making any investment decisions.
Key Players & Entities
- FirstSun Capital Bancorp (company) — registrant filing the 8-K
- January 26, 2024 (date) — date of earliest event reported and earnings release
- Delaware (company) — state of incorporation for FirstSun Capital Bancorp
- 333-258176 (dollar_amount) — Commission File Number
- 81-4552413 (dollar_amount) — I.R.S. Employer Identification Number
Forward-Looking Statements
- FirstSun Capital Bancorp's stock price will react to the earnings report. (FirstSun Capital Bancorp) — high confidence, target: 2024-01-29
FAQ
What is the purpose of this 8-K filing by FirstSun Capital Bancorp?
The purpose of this 8-K filing is to report the 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item 2.02 and Item 9.01, respectively, specifically noting that FirstSun Capital Bancorp issued an earnings release on January 26, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 26, 2024, which is the date FirstSun Capital Bancorp issued its earnings release.
What is the full legal name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is FIRSTSUN CAPITAL BANCORP.
Is FirstSun Capital Bancorp considered an emerging growth company?
Yes, FirstSun Capital Bancorp is indicated as an 'Emerging growth company' by the checkmark in the filing.
What is the business address and phone number of FirstSun Capital Bancorp?
The business address of FirstSun Capital Bancorp is 1400 16th Street, Suite 250, Denver, Colorado 80202, and its telephone number is (303) 831-6704.
Filing Stats: 855 words · 3 min read · ~3 pages · Grade level 13.5 · Accepted 2024-01-26 17:24:30
Filing Documents
- fcb-20240126.htm (8-K) — 32KB
- exhibit991-earningspressre.htm (EX-99.1) — 767KB
- fscb-horizontallogox01.jpg (GRAPHIC) — 92KB
- 0001709442-24-000005.txt ( ) — 1086KB
- fcb-20240126.xsd (EX-101.SCH) — 2KB
- fcb-20240126_lab.xml (EX-101.LAB) — 23KB
- fcb-20240126_pre.xml (EX-101.PRE) — 12KB
- fcb-20240126_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 26, 2024 , FirstSun Capital Bancorp issued an earnings press release announcing financial results for the fourth quarter and full year ended December 31, 2023. The earnings press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 2.02, including Exhibit 99.1 , shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements can be identified through use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue," "forward" and "potential" or the negative of these terms or other comparable terminology, and include statements related to the expected timing, completion and benefits of the proposed merger with HomeStreet, Inc. ("HomeStreet") (the "Merger"). Forward-looking statements are not historical facts and represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial conditions
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) The following exhibit index lists the exhibits that are either filed or furnished with this Current Report on Form 8-K: EXHIBIT INDEX Exhibit Number Description 99.1 Earnings Press Release dated January 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRSTSUN CAPITAL BANCORP Date: January 26, 2024 By: /s/ Robert A. Cafera, Jr. Name: Robert A. Cafera, Jr. Title: Executive Vice President and Chief Financial Officer (Principal Financial Officer)