First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026
RALEIGH, N.C.--(BUSINESS WIRE)--Oct 27, 2026-- First Carolina Financial Services, Inc. (NYSE: FCBM) has reported a 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 for the same period in 2025. This results reflect a $9.9m increase in net income compared to the third-quarter of 2025. The company's 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. In addition, the company expanded its service offerings in higher education and launched a pilot program offering prepaid cards for universities participating in its pilot program. Net interest income totaled $28.1 million for Q20, an increase of $10.0%, over the previous year, reflecting continued balance sheet strength and revenue generation. The Company’s total cost of funds was 281% for Q19, a decrease of 31 points compared to Q19.
Опубликовано : 24 часа назад от Business Wire в Business Finance
RALEIGH, N.C.--(BUSINESS WIRE)--Oct 27, 2026--
First Carolina Financial Services, Inc. (NYSE: FCBM) (“First Carolina,” the “Company,” “we,” “our,” or “us”), today reported net income of $7.9 million,... [36068 symbols]
Темы: Environment-ESG
