First Carolina Financial Services Reports Net Income of $5.1 Million, or $0.20 Per Diluted Share, for the Second Quarter of 2026
First Carolina reported Q2 2026 net income of $5.1 million, or $0.20 per diluted share, an 11% increase from the prior year, following the completion of its IPO in June. The company raised approximately $69.3 million in net proceeds from the offering and listed on the NYSE, while simultaneously executing a two-for-one stock split.
Key figures
- Eps
- 0.2
- Roaa
- 0.60%
- Roae
- 5.71%
- Ipo price
- 12.5
- Net income
- 5096000
- Loan growth
- 58100000
- Net charge offs
- 0.00%
- Ipo net proceeds
- 69300000
- Ipo shares offered
- 5500000
- Noninterest income
- 6675000
- Net interest income
- 25588000
- Net interest margin
- 3.23%
- Book value per share
- 13.88
- Nonperforming assets
- 0.65%
- Provision for credit losses
- 273000
- Tangible book value per share
- 11.66
AI analysis
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