{"id":1014382,"date":"2026-10-27T19:35:34","date_gmt":"2026-10-27T23:35:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-carolina-financial-services-reports-net-income-of-7-9-million-or-0-26-per-diluted-share-for-the-third-quarter-of-2026\/"},"modified":"2026-10-27T19:35:34","modified_gmt":"2026-10-27T23:35:34","slug":"first-carolina-financial-services-reports-net-income-of-7-9-million-or-0-26-per-diluted-share-for-the-third-quarter-of-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-carolina-financial-services-reports-net-income-of-7-9-million-or-0-26-per-diluted-share-for-the-third-quarter-of-2026\/","title":{"rendered":"First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026"},"content":{"rendered":"

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First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026<\/b><\/p>\n

RALEIGH, N.C.–(BUSINESS WIRE<\/a>)–
\nFirst Carolina Financial Services, Inc. (NYSE: FCBM) (\u201cFirst Carolina,\u201d the \u201cCompany,\u201d \u201cwe,\u201d \u201cour,\u201d or \u201cus\u201d), 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.<\/p>\n

\n\u201cThis was a pivotal quarter for First Carolina,\u201d said Ron Day, Chairman, President, and Chief Executive Officer. \u201cLast quarter we strengthened our core funding base, and this quarter we demonstrated what that foundation makes possible. On a linked-quarter basis, net income was up $2.8 million, or 55%. Our net interest margin expanded to 3.38% for the quarter, driven by continued loan repricing, higher yields on new originations, and well-managed funding costs even as rates have risen. Deepening treasury management relationships with our commercial clients continues to drive valuable operating deposit growth, which supports our discipline on funding costs. We also redeemed our 2019 subordinated debt issuance in early September, which should positively impact interest expense in coming periods. Most importantly, we have done all of this while keeping our eye on credit quality, and nonperforming assets held steady.\u201d<\/p>\n

\n\u201cIn payments, we are making significant progress in expanding our service offerings. At the end of the quarter, we began offering prepaid cards as a payment modality for universities participating in our pilot program, which gives our higher-education clients and their students a broader set of disbursement options. We continue penetrating the broader banking opportunity in higher education, which remains a strategic growth vertical for us. More broadly, we feel demand for First Carolina has never been higher. Customers have responded well to our becoming a public company, and the strength and range of our Commercial Banking, Payments, Consumer Banking and Wealth Management businesses position us to meet that demand across every stage of our clients\u2019 financial journeys. We are very pleased with these accomplishments and believe they reflect the durable earnings power of our franchise as we head into the remainder of the year.\u201d<\/p>\n

Third Quarter 2026 Performance Highlights:<\/b><\/p>\n