Why FirstSun Capital Bancorp Stock Dived by Almost 17% Today

FirstSun Capital (NASDAQ: FSUN), owner of the regional lender Sunflower Bank, had two pieces of news for the market to digest on Tuesday. After market close the previous day, the company disseminated its latest quarterly earnings report and announced a merger with a peer.Investors didn't react well to the pair, though, and FirstSun's stock price plummeted by nearly 17% in the Tuesday session.FirstSun booked total revenue of $107.3 million in its third quarter, an improvement over the $98.2 million it earned in the same period of 2024. Net income not under generally accepted accounting principles (GAAP) was slightly under $23.2 million, or $0.84 per share. This was down from the year-ago, non-GAAP (adjusted) profit of $22.4 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool