NYSE : FCBM
First Carolina Financial Services, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 12.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 400.18M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Interest Income on Loans | 168.59M | 166.68M | 158.15M | 120.79M |
| Interest Income on Investments | 22.03M | 22.76M | 17.94M | 14.77M |
| Total Interest Income | 190.62M | 189.43M | 176.09M | 135.57M |
| Interest Paid on Deposits | 80.79M | 86.17M | 78.51M | 62.17M |
| Interest Paid on Borrowings | 5.04M | 4.82M | 6.02M | 7.52M |
| Total Interest Expense | 85.83M | 90.99M | 84.53M | 69.69M |
| Net Interest Income | 104.79M | 98.44M | 91.56M | 65.88M |
| Gain (Loss) on Sale of Investments | 106.00K | 1.72M | 110.00K | |
| Other Non-Interest Income | 3.60M | 4.54M | 2.22M | 1.19M |
| Total Non-Interest Income | 28.45M | 43.24M | 5.47M | 2.41M |
| Revenues Before Loan Losses | 133.24M | 141.68M | 97.03M | 68.28M |
| Provision for Loan Losses | -2.33M | 8.54M | -1.77M | 1.30M |
| Revenue | 135.57M | 133.14M | 98.80M | 66.98M |
| Salaries and Employee Benefits | 46.03M | 51.65M | 26.61M | 20.25M |
| Occupancy Expenses | 15.38M | 14.26M | 3.21M | 2.58M |
| Federal Deposit Insurance | 3.66M | 3.89M | 2.95M | 2.40M |
| Amortization of Goodwill & Intangibles | 2.54M | 2.54M | ||
| Selling, General & Administrative | 26.47M | 28.06M | 10.67M | 8.66M |
| Other Non-Interest Expense | 5.48M | 6.83M | 28.50M | 8.39M |
| Total Non-Interest Expense | 99.56M | 107.23M | 71.94M | 42.29M |
| EBT Excluding Unusual Items | 36.01M | 25.91M | 26.86M | 24.70M |
| Other Unusual Items | -5.60M | -10.36M | -421.00K | |
| Pretax Income | 30.41M | 15.55M | 26.44M | 24.70M |
| Income Tax Expense | 6.61M | 3.35M | 5.53M | 5.07M |
| Net Income | 23.81M | 12.20M | 20.91M | 19.63M |
| Net Income to Common | 23.81M | 12.20M | 20.91M | 19.63M |
| Basic Shares Outstanding | 26.11M | 24.61M | 21.83M | 21.59M |
| Diluted Shares Outstanding | 26.24M | 24.74M | 22.04M | 21.65M |
| EPS (Basic) | 0.91 | 0.50 | 0.96 | 0.91 |
| EPS (Diluted) | 0.91 | 0.49 | 0.95 | 0.91 |
| Effective Tax Rate | 21.72% | 21.56% | 20.91% | 20.52% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 237.37M | 134.12M | 168.06M | 160.97M |
| Investment Securities | 6.74M | 59.60M | 94.42M | |
| Mortgage-Backed Securities | 319.14M | 305.35M | 109.03M | 107.78M |
| Total Investments | 319.14M | 312.09M | 168.62M | 202.19M |
| Gross Loans | 2.90B | 2.66B | 2.60B | 2.24B |
| Allowance for Loan Losses | -21.28M | -20.89M | -20.40M | -18.90M |
| Other Adjustments to Gross Loans | -6.90M | -7.40M | -11.80M | |
| Net Loans | 2.88B | 2.63B | 2.57B | 2.21B |
| Property, Plant & Equipment | 41.06M | 51.67M | 42.80M | 40.75M |
| Goodwill | 46.27M | 1.79M | 1.79M | |
| Other Intangible Assets | 68.32M | 24.13M | ||
| Accrued Interest Receivable | 10.62M | 10.05M | 8.96M | |
| Other Receivables | 11.21M | 19.52M | 55.76M | |
| Other Current Assets | 32.04M | 3.91M | 2.04M | 2.11M |
| Long-Term Deferred Tax Assets | 25.74M | 25.14M | 7.27M | 8.55M |
| Other Long-Term Assets | 69.26M | 65.35M | 41.48M | 31.25M |
| Total Assets | 3.67B | 3.32B | 3.04B | 2.73B |
| Accrued Expenses | 41.03M | 18.61M | 13.35M | 16.24M |
| Interest Bearing Deposits | 2.36B | 2.12B | 1.85B | 1.58B |
| Institutional Deposits | 140.14M | 122.99M | 134.40M | |
| Non-Interest Bearing Deposits | 805.23M | 533.23M | 533.03M | 647.86M |
| Total Deposits | 3.16B | 2.80B | 2.51B | 2.36B |
| Short-Term Borrowings | 75.00M | 100.00M | ||
| Current Portion of Leases | 1.38M | |||
| Accrued Interest Payable | 3.59M | 2.79M | 447.00K | |
| Long-Term Debt | 31.65M | 63.44M | 63.33M | 63.22M |
| Long-Term Leases | 6.00M | 7.72M | 8.73M | |
| Long-Term Unearned Revenue | 3.10M | |||
| Other Long-Term Liabilities | 2.23M | 3.79M | 4.31M | 7.62M |
| Total Liabilities | 3.24B | 2.97B | 2.70B | 2.46B |
| Common Stock | 15.54M | 12.26M | 12.31M | 10.82M |
| Additional Paid-In Capital | 309.19M | 239.90M | 242.14M | 195.97M |
| Retained Earnings | 114.15M | 95.25M | 84.37M | 63.46M |
| Comprehensive Income & Other | -6.20M | -488.00K | -1.50M | -1.87M |
| Shareholders' Equity | 432.67M | 346.93M | 337.32M | 268.37M |
| Total Liabilities & Equity | 3.67B | 3.32B | 3.04B | 2.73B |
| Total Debt | 31.65M | 145.82M | 171.04M | 71.95M |
| Net Cash (Debt) | 205.72M | -11.71M | -2.99M | 89.02M |
| Net Cash Per Share | 7.84 | -0.47 | -0.14 | 4.11 |
| Filing Date Shares Outstanding | 31.07M | 24.52M | 24.61M | 21.59M |
| Total Common Shares Outstanding | 31.07M | 24.52M | 24.61M | 21.59M |
| Book Value Per Share | 13.93 | 14.15 | 13.70 | 12.43 |
| Tangible Book Value | 364.35M | 276.53M | 335.52M | 266.58M |
| Tangible Book Value Per Share | 11.73 | 11.28 | 13.63 | 12.35 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 12.20M | 20.91M | 19.63M | |
| Depreciation & Amortization | 5.31M | 1.64M | 1.29M | |
| Other Amortization | 2.26M | 106.00K | ||
| Gain (Loss) on Sale of Investments | -1.38M | 189.00K | -110.00K | |
| Provision for Credit Losses | 8.54M | -1.77M | 1.30M | |
| Change in Other Net Operating Assets | 3.75M | 38.04M | -53.65M | |
| Other Operating Activities | 990.00K | -45.00K | -1.43M | |
| Operating Cash Flow | 35.92M | 61.94M | -30.69M | |
| Capital Expenditures | -3.89M | -4.76M | -7.07M | |
| Cash Acquisitions | -96.72M | |||
| Investment in Securities | -146.56M | 33.88M | -51.05M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -57.14M | -363.42M | -469.62M | |
| Other Investing Activities | -18.64M | -13.04M | 3.48M | |
| Investing Cash Flow | -322.96M | -347.35M | -524.27M | |
| Short-Term Debt Issued | 25.00M | 50.00M | ||
| Long-Term Debt Issued | 107.00K | |||
| Total Debt Issued | 25.00M | 50.00M | 107.00K | |
| Short-Term Debt Repaid | -100.00M | |||
| Total Debt Repaid | -100.00M | |||
| Net Debt Issued (Repaid) | 25.00M | 50.00M | -99.89M | |
| Issuance of Common Stock | 44.81M | |||
| Repurchase of Common Stock | -7.04M | |||
| Net Increase (Decrease) in Deposit Accounts | 285.14M | 147.68M | 685.83M | |
| Other Financing Activities | -50.01M | 50.00M | -44.00K | |
| Financing Cash Flow | 253.09M | 292.49M | 585.89M | |
| Net Cash Flow | -33.94M | 7.08M | 30.93M | |
| Free Cash Flow | 32.03M | 57.18M | -37.76M | |
| Free Cash Flow Margin | 24.06% | 57.88% | -56.37% | |
| Free Cash Flow Per Share | 1.29 | 2.60 | -1.74 | |
| Cash Interest Paid | 90.18M | 84.68M | 68.87M | |
| Cash Income Tax Paid | 3.24M | 3.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 405.46M | |||
| Debt / Equity Ratio | 0.07 | 0.42 | 0.51 | 0.27 |
| Debt / FCF Ratio | 4.55 | 2.99 | ||
| Net Debt / Equity Ratio | -0.47 | 0.03 | 0.01 | -0.33 |
| Net Debt / FCF Ratio | 0.36 | 0.05 | 2.36 | |
| Return on Equity (ROE) | 3.57% | 6.91% | ||
| Return on Assets (ROA) | 0.38% | 0.73% | ||
| Buyback Yield / Dilution | -12.25% | -1.80% |