FIRSTSUN CAPITAL BANCORP
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
FSUN$39.48+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income and Comprehensive Income
| Three months ended March 31, | ||
|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 |
| Interest income: | ||
| Interest and fee income on loans: | ||
| Taxable | $97,313 | $83,937 |
| Tax exempt | 4,955 | 4,664 |
| Interest and dividend income on securities: | ||
| Taxable | 4,483 | 4,157 |
| Tax exempt | 4 | 7 |
| Other interest income | 3,285 | 2,138 |
| Total interest income | 110,040 | 94,903 |
| Interest expense: | ||
| Interest expense on deposits | 36,390 | 14,179 |
| Interest expense on securities sold under agreements to repurchase | 57 | 30 |
| Interest expense on other borrowed funds | 2,787 | 6,577 |
| Total interest expense | 39,234 | 20,786 |
| Net interest income | 70,806 | 74,117 |
| Provision for credit losses | 16,500 | 3,360 |
| Net interest income after credit loss expense | 54,306 | 70,757 |
| Noninterest income: | ||
| Service charges on deposit accounts | 5,768 | 5,015 |
| Credit and debit card fees | 2,803 | 2,981 |
| Trust and investment advisory fees | 1,463 | 1,461 |
| Income from mortgage banking services, net | 9,502 | 7,429 |
| Other noninterest income | 3,272 | 2,045 |
| Total noninterest income | 22,808 | 18,931 |
| Noninterest expense: | ||
| Salary and employee benefits | 37,353 | 35,049 |
| Occupancy and equipment | 8,595 | 8,355 |
| Amortization of intangible assets | 815 | 1,044 |
| Merger related expenses | 2,489 | — |
| Other noninterest expenses | 12,576 | 11,818 |
| Total noninterest expense | 61,828 | 56,266 |
| Income before income taxes | 15,286 | 33,422 |
| Provision for income taxes | 2,990 | 7,141 |
| Net income | $12,296 | $26,281 |
| Other comprehensive income, net of tax: | ||
| (Loss) gain on securities available-for-sale | (5,695) | 2,271 |
| Gain (loss) on fair value hedges of securities available-for-sale | 961 | (684) |
| Other comprehensive (loss) gain, net of tax | (4,734) | 1,587 |
| Comprehensive income | $7,562 | $27,868 |
| Earnings per share: | ||
| Net income available to common stockholders | $12,296 | $26,281 |
| Basic | $0.46 | $1.05 |
| Diluted | $0.45 | $1.03 |
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