First Carolina Financial Services (FCBM) priced its IPO at $12.50 – $1.50 below the bottom of its $14.00-to-$16.00 range – and sold 5.5 million shares – the number in the prospectus – to raise $68.75 million on Wednesday night, June 17, 2026.
In its New York Stock Exchange debut today – Thursday, June 18 – First Carolina Financial Services (FCBM) stock opened at $13.25 – up 75 cents for a 6 percent gain from its sharply reduced IPO price at $12.50. First Carolina Financial Services later gave back some of its gains to trade at $12.90 – up 40 cents from its IPO price – at around 1:10 p.m. EDT today.
At the closing bell, First Carolina Financial Services (FCBM) was at $12.60 – up a dime from its IPO price for a gain of 0.8 percent on Thursday, June 18, 2026, its first day of NYSE trading.
Keefe, Bruyette & Woods (A Stifel Company) was the sole book-runner.
Raymond James and Hovde Group were the co-managers.
First Carolina Financial Services (FCBM), based in Raleigh, N.C., is a community bank holding company with branches in North and South Carolina, Georgia and Virginia. The bank offers middle-market real estate and commercial lending in its regional market.
Since acquiring BM Tech in 2025, First Carolina Financial Services has offered student loan disbursements nationwide and digital banking for college students. Its university business reached 750 campuses in 46 states as of March 31, 2026, with $13.5 billion of disbursements processed and $535 million in total average daily deposits, the prospectus said.
First Carolina Financial Services had $3.4 billion in total assets, $2.7 billion in loans and $3.0 billion in deposits as of March 31, 2026, with $353 million in shareholders’ equity and over 524,000 customer deposit accounts, the prospectus said,
The North Carolina bank holding company is profitable. For the 12 months that ended on March 31, 2026, First Carolina Financial Services reported net income of $13.3 million on revenue of $141.0 million, according to financial statements in the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.