Earnings ·
First Carolina Financial Services reported net income of $5.1 million, or $0.20 per diluted share, for the second…
FCBMFirst Carolina Financial Services, Inc.
First Carolina Financial Services reported net income of $5.1 million, or $0.20 per diluted share, for the second quarter ended June 30, 2026, an 11% increase from the prior year period. The company completed its initial public offering on June 22, 2026, raising approximately $69.3 million in net proceeds at a price of $12.50 per share. Net interest income rose 8.8% to $25.6 million as the net interest margin expanded 18 basis points year-over-year to 3.23%. Total assets reached $3.41 billion, with gross loans growing by $58.1 million in the quarter. The firm operates as a bank holding company providing financial services including commercial banking, payments, consumer banking, and wealth management.