First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026
Key Highlights
- ➤Net income $7.9 million, versus $2.0 million loss year-ago
- ➤Loan growth $154.1 million, representing 22.3% annualized growth
- ➤Net interest margin expanded 32 basis points to 3.38%
- ➤Noninterest expense fell 19.6%, or $6.3 million year-over-year
- ➤Brokered deposits declined to 14.3% of total deposits from 31.0%
Expert Statements
Ron Day, Chairman, President, and Chief Executive Officer of First Carolina Financial Services
“This was a pivotal quarter for First Carolina”
First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026
First Carolina Financial Services, Inc. (NYSE: FCBM) (“First Carolina,” the “Company,” “we,” “our,” or “us”), today reported net income of $7.9 million, or $0.26 per diluted share, for the third quarter of 2026, compared to a loss of $2.0 million, or a loss of $0.08 per diluted share, for the third quarter of 2025. These results reflect a $9.9 million increase in net income compared to the third quarter of 2025. All per share data has been adjusted to reflect the two-for-one stock split completed on June 17, 2026.
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