First Carolina Financial Services Reports Net Income of $7.9 Million, or $0.26 Per Diluted Share, for the Third Quarter of 2026
First Carolina Financial Services swung to Q3 2026 net income of $7.9 million, or $0.26 per diluted share, from a $2.0 million loss a year earlier — a $9.9 million improvement. Net interest margin expanded 32 basis points year-over-year to 3.38%, net interest income rose 10.0% to $28.1 million, and loans grew $154.1 million in the quarter (22.3% annualized), while noninterest expense fell 19.6%. Credit quality held steady with nonperforming assets at 0.60% of assets and a $1.0 million provision release, and the company redeemed its 2019 subordinated debt in September.
Key figures
- Eps
- 0.26
- Roaa
- 0.89%
- Roae
- 7.24%
- Roatce
- 8.61%
- Net Income
- 7900000
- Book Value Per Share
- 13.93
- Net Interest Income
- 28100000
- Net Interest Margin
- 3.38%
- Net Income Yoy Change
- 9900000
- Tangible Book Value Per Share
- 11.73
- Npa ratio
- 0.60%
- Gross loans
- 2900000000
- Total assets
- 3670000000
- Total deposits
- 3160000000
- Efficiency ratio
- 74.20%
- Provision release
- 1000000
- Effective tax rate
- 20.7%
- Noninterest income
- 6700000
- Loan growth quarter
- 154100000
- Noninterest expense
- 25800000
- Brokered deposits pct
- 14.3%
- Annualized loan growth
- 22.3%
AI analysis
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