Earnings ·
First Carolina Financial Services reports $7.9M net income, or $0.26 per diluted share, for Q3 2026
FCBMFirst Carolina Financial Services, Inc.
First Carolina Financial Services reported net income of $7.9 million, or $0.26 per diluted share, for the third quarter ended September 30, 2026, a significant turnaround from a $2.0 million loss in the prior-year period. Net interest income rose 10% to $28.1 million as the net interest margin expanded 32 basis points year-over-year to 3.38%, driven by lower deposit costs and higher loan yields. Noninterest expense decreased 19.6% to $25.8 million following workforce realignment, while nonperforming assets declined slightly to 0.60% of total assets. The company also noted a net release of the provision for credit losses of $1.0 million. First Carolina Financial Services operates as a bank holding company providing commercial banking, payments, consumer banking, and wealth management services.