First Carolina Financial Services Q2 net income rises 11% to $5.1 million
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
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.