Earnings To Watch: FirstSun Capital Bancorp (FSUN) Reports Q1 Results Tomorrow

Regional banking company FirstSun Capital Bancorp (NASDAQ:FSUN) will be reporting earnings this Monday after market close. Here’s what you need to know. FirstSun Capital Bancorp missed analysts’ revenue expectations last quarter, reporting revenues of $104 million, up 10.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates. This quarter, the market is expecting FirstSun Capital Bancorp’s revenue to grow 17.1% year on year, slowing from the 19.8% increase it recorded in the same quarter last year. 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 multiple times over the last two years. Looking at FirstSun Capital Bancorp’s peers in the regional banks segment, some have already reported their Q1 results, giving us a hint as to what we can expect. OFG Bancorp delivered year-on-year revenue growth of 4.2%, beating analysts’ expectations by 4.8%, and Republic Bancorp reported a revenue decline of 11.3%, falling short of estimates by 4.8%. OFG Bancorp traded up 7.6% following the results while Republic Bancorp was also up 1.4%. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.6% on average over the last month. FirstSun Capital Bancorp is up 6% during the same time and is heading into earnings with an average analyst price target of $45 (compared to the current share price of $38.22).