First Carolina Financial Services — Third Quarter 2026 Earnings Summary

First Carolina Financial Services reported a net income of $7.9 million, or $0.26 per diluted share, for the third quarter of 2026, marking a significant turnaround from a $2.0 million loss in the same period of 2025. The company achieved a net interest margin of 3.38% and generated $154.1 million in loan growth, driven by lower funding costs and strategic deposit shifts away from higher-cost certificates. Noninterest expense decreased by 19.6% year-over-year due to workforce realignment and reduced professional fees, while credit quality remained stable with nonperforming assets declining to 0.60% of total assets.