FirstSun Capital Bancorp reported Net charge-offs for the fourth quarter ended December 31, 2023. Net charge-offs during the fourth quarter of 2023 were $4.7 million, primarily due to the deterioration on a specific customer relationship in loan portfolio, resulting in an annualized ratio of net charge-offs to average loans of 0.30%, compared to net charge-offs of $2.3 million, or an annualized ratio of net-charge offs to average loans of 0.15% in the prior quarter.
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- FirstSun Capital Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023