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First Carolina Financial Services
(NYSE:FCBM)
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Rating:56Neutral
Price Target:
$12.50
Action:N/A
Date:07/30/26
The score is primarily held back by materially weaker profitability/returns despite strong revenue growth, alongside a relatively high P/E. Near-term technicals are also soft with the stock trading below its 20-day average. Offsetting factors include a reasonable leverage profile and the recent IPO raising new capital, but overall fundamentals need to show more durable earnings quality.
Positive Factors
Revenue step‑change
A large, sustained top‑line step change increases scale and improves strategic optionality: it supports diversification of revenue mix, funds continued investment in lending and technology, and creates a base from which efficiency improvements can restore durable profitability over several quarters.
Negative Factors
Profitability compression
A material decline in margins and ROE signals weakened earnings power relative to capital. Sustained low profitability reduces retained earnings growth, limits reinvestment capacity, and makes it harder to earn a durable return on equity without meaningful operational or pricing fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue step‑change
A large, sustained top‑line step change increases scale and improves strategic optionality: it supports diversification of revenue mix, funds continued investment in lending and technology, and creates a base from which efficiency improvements can restore durable profitability over several quarters.
Read all positive factors
First Carolina Financial Services (FCBM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$378.37M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)34.8
Beta (1Y)-0.44
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees274
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)N/A
Shares Outstanding30,245,752
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)1.10
Price to Sales (P/S)1.80
P/FCF Ratio11.90
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$14.50Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Carolina Financial Services Business Overview & Revenue Model
Company Description
First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank that provides commercial banking services for individuals and businesses. The company offers business services including checking, savings, and mone...
First Carolina Financial Services Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 50.71M | 211.96M | 71.53M | 63.06M |
| Gross Profit | 30.89M | 112.43M | 71.53M | 63.06M |
| EBITDA | 8.77M | 20.48M | 0.00 | 0.00 |
| Net Income | 5.91M | 12.20M | 20.91M | 19.63M |
Balance Sheet | ||||
| Total Assets | 3.42B | 3.32B | 3.04B | 2.73B |
| Cash, Cash Equivalents and Short-Term Investments | 190.32M | 134.12M | 168.08M | 181.46M |
| Total Debt | 63.46M | 138.44M | 163.33M | 63.22M |
| Total Liabilities | 3.07B | 2.97B | 2.70B | 2.46B |
| Stockholders Equity | 353.35M | 346.93M | 337.32M | 268.37M |
Cash Flow | ||||
| Free Cash Flow | 13.05M | 32.03M | 57.18M | -37.76M |
| Operating Cash Flow | 13.31M | 35.92M | 61.94M | -30.69M |
| Investing Cash Flow | -53.03M | -322.96M | -347.35M | -524.27M |
| Financing Cash Flow | 95.92M | 253.09M | 292.49M | 585.89M |
First Carolina Financial Services Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $291.18M | 14.60 | 8.48% | 2.86% | 11.11% | 24.27% | |
63 Neutral | $9.78B | 30.62 | 47.29% | ― | ― | ― | |
62 Neutral | $28.76B | 9.13 | 12.51% | ― | 1.87% | 3.79% | |
56 Neutral | $378.37M | 34.75 | 3.00% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FCBM
First Carolina Financial Services
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First Carolina Financial Services Corporate Events
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and ComplianceStock Split
First Carolina Financial Services Completes Initial Public Offering
Positive
Jun 22, 2026
On June 17, 2026, First Carolina Financial Services, Inc. amended its articles of incorporation in connection with a 2-for-1 forward stock split of its common stock, and on June 22, 2026, it amended and restated its bylaws, with both corporate gov...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.