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.

First Carolina Financial Services, Inc. completed its initial public offering of 5,500,000 shares of common stock at $12.50 per share, generating approximately $68.75 million in gross proceeds. The company also executed a 2-for-1 forward stock split effective June 17, 20626, and amended its articles of incorporation and bylaws. First Carolina Financial Services, Inc. is a financial services company providing banking and investment services.