First Carolina Swings to Q3 2026 Net Profit of $7.9 Million From Year-Earlier Loss

Bitget2026/10/27 21:05

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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 dropped 20% year over year to $25.8 million, reflecting lower salaries and benefits, data processing costs and professional fees.
The bank began offering prepaid cards to universities participating in its pilot program at quarter-end, expanding disbursement options.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Carolina Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261027510023) on October 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Carolina Swings to Q3 2026 Net Profit of $7.9 Million From Year-Earlier Loss

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