First Carolina FY26 Q2 net income rises 10.87% to $5.1 million

FCBM•2026-08-14

Segment results

Community Banking earned $6.8 million, up from $5.5 million. BM Tech loss widened to $1.7 million from $925,000.

Q2 net income and EPS rise

First Carolina posted second-quarter net income of $5.1 million, rising 10.87% year over year. Diluted EPS increased to $0.20 from $0.18.

Net interest income and margin improve

Net interest income climbed 8.75% to $25.59 million. Net interest margin widened 18 basis points to 3.23%.

Noninterest income and expense move lower

Noninterest income dropped 49.5% to $6.7 million, primarily due to a planned 2025 discontinuation of a banking-as-a-service partnership.

Noninterest expense fell 17.1% to $25.5 million, led by lower salaries, data processing costs, and consumer fraud and transaction losses.

Sources

First Carolina FY26 Q2 net income rises 10.87% to $5.1 million

Sec

First Carolina FY26 Q2 net income rises 10.87% to $5.1 million

Segment results

Q2 net income and EPS rise

Net interest income and margin improve

Noninterest income and expense move lower

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Sources

First Carolina FY26 Q2 net income rises 10.87% to $5.1 million

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