First Carolina Financial Services (FCBM) investor relations material

Executive summary

• Net income was $7.9 million, or $0.26 per diluted share, versus a $2.0 million loss, or $0.08 loss per share, YoY; linked-quarter income rose $2.8 million, or 55%.

• Net interest income rose 10.0% YoY to $28.1 million; net interest margin expanded 32 bps YoY and 15 bps QoQ to 3.38%.

Financial highlights

• 9M net income was $18.9 million versus $7.3 million; diluted EPS was $0.71 versus $0.29, with per-share data adjusted for the June 2026 two-for-one stock split.

• Noninterest income was $6.7 million, down 48.0% YoY; noninterest expense fell 19.6%, or $6.3 million, to $25.8 million.

• Gross loans grew $154.1 million QoQ, an annualized 22.3%, and were up 7.5% YoY to $2.90 billion.

• Total assets were $3.67 billion at Sept. 30, 2026, up 4.4% YoY; total deposits were $3.16 billion, up 3.0%.

Outlook and guidance

• Redemption of the 2019 subordinated debt in early September is expected to positively affect interest expense in coming periods.

• Management cited strong customer demand and durable earnings power heading into the remainder of the year; higher education remains a strategic growth vertical.