First Carolina swings to Q3 2026 net profit of $7.9 million from year-earlier loss
FCBM•First Carolina Financial Services reported third-quarter 2026 net income of $7.9 million, compared with a year-earlier loss. Net interest income rose 10% to $28.1 million, while noninterest income fell 48% to $6.7 million and noninterest expense dropped 20% to $25.8 million.
1. Quarterly results
First Carolina Financial Services swung to third-quarter 2026 net income of $7.9 million from a year-earlier loss. Net interest income rose 10% year over year to $28.1 million, while noninterest income fell 48% to $6.7 million. Noninterest expense declined 20% to $25.8 million, reflecting lower salaries and benefits, data processing costs and professional fees.
2. Prepaid card pilot
At quarter-end, the bank began offering prepaid cards to universities participating in its pilot program, expanding disbursement options.
