Every material Form 8-K First Carolina Financial Services, Inc. has filed with the SEC since July 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Carolina Financial Services reported net income of $7.9 million, or $0.26 per diluted share, for the quarter ended September 30, 2026, compared with a net loss of $2.0 million, or $0.08 per diluted share, a year earlier. Net interest income rose 10.0%, while noninterest income fell 48.0% on the planned discontinuation of a banking-as-a-service partnership and a prior-year securities gain. The filing furnishes the earnings release as Exhibit 99.1 and contains no guidance.
Net income of $7.9 million, or $0.26 per diluted share, versus a loss of $2.0 million, or $0.08 per diluted share, in Q3 2025.
Net interest income rose 10.0% to $28.1 million; net interest margin was 3.38%, up 32 basis points year over year.
Noninterest income fell 48.0% to $6.7 million, including $3.6 million from the discontinued partnership and $1.7 million in prior-year securities gains.
Noninterest expense fell 19.6% to $25.8 million; nonperforming assets were 0.60% of total assets at September 30, 2026, versus 0.63% a year earlier.
First Carolina Financial Services, Inc. said Chief Financial Officer and Chief Risk Officer Steven Deaton will retire effective January 1, 2027, after giving notice on September 14, 2026. The same filing reports the September 6, 2026 full redemption of $32.0 million in subordinated notes and preliminary net interest margin figures that were unchanged from July to August, with September estimated at the same levels.
Steven G. Deaton gave notice on September 14, 2026 of his retirement as CFO and Chief Risk Officer of the company and First Carolina Bank, effective January 1, 2027.
The company completed a full redemption of $32.0 million of Fixed to Floating Rate Subordinated Notes due December 6, 2029 on September 6, 2026.
Consolidated net interest margin was 3.34% for July and August 2026 and is estimated at 3.34% for September.
First Carolina Bank net interest margin was 3.46% in July, 3.47% in August and is estimated at 3.47% for September.
First Carolina Financial Services reported second-quarter 2026 net income of $5.1 million, or $0.20 per diluted share, up from $4.6 million, or $0.18, a year earlier. Net interest income rose 8.8%, but noninterest income fell 49.5% and net income declined from $5.9 million in the first quarter of 2026. The company also completed its initial public offering and NYSE listing in June 2026, with net proceeds of about $69.3 million.
Net income of $5.1 million, or $0.20 diluted EPS, for Q2 2026, versus $4.6 million, or $0.18, for Q2 2025.
Net interest income of $25.6 million, up 8.8% year over year; noninterest income of $6.7 million, down 49.5%.
IPO of 5,500,000 shares at $12.50 completed June 22, 2026, plus 825,000 option shares, for net proceeds of about $69.3 million.
Net income was $5.9 million in Q1 2026; the company reported a net interest margin of 3.23%, down 2 basis points from Q1.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First Carolina Financial Services, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →