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AI brief of an SEC Form 8-K · First Carolina Financial Services, Inc. (FCBM)

First Carolina Financial Q3 net income rises to $7.9 million, or $0.26 per diluted share

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyFirst Carolina Financial Services, Inc. (FCBM)
Form8-K, current report
Filed with the SECOct 27, 2026, 4:58 PM ET
Accession number0001628280-26-067640

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 October 27, 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.