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FirstSun Capital Bancorp (FSUN) Q2 Earnings Report Preview: What To Look For

FSUN Cover Image

Regional banking company FirstSun Capital Bancorp (NASDAQ: FSUN) will be reporting earnings this Monday afternoon. Here’s what you need to know.

FirstSun Capital Bancorp missed analysts’ revenue expectations by 7.1% last quarter, reporting revenues of $92.41 million, up 19.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ net interest income estimates and EPS in line with analysts’ estimates.

Is FirstSun Capital Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting FirstSun Capital Bancorp’s revenue to grow 8.8% year on year to $103.3 million, improving from the 1.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.

FirstSun Capital Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FirstSun Capital Bancorp has missed Wall Street’s revenue estimates three times since going public.

Looking at FirstSun Capital Bancorp’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts’ expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking’s stock price was unchanged.

Read our full analysis of Atlantic Union Bankshares’s results here and Seacoast Banking’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. FirstSun Capital Bancorp is up 12.5% during the same time and is heading into earnings with an average analyst price target of $43.25 (compared to the current share price of $38.84).

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