First Carolina Financial Services Inc 2026年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-43359 First Carolina Financial Services, Inc.___________________________________________________________________________________________________ (Exact name of registrant as specified in its charter) North Carolina27-2136973 Raleigh, North Carolina27608(Address of principal executive offices)(Zip Code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. As of August 12, 2026, there were 31,068,852 shares of the registrant’s common stock outstanding. Table of Contents Item 1.Financial Statements (unaudited)1Consolidated Statements of Financial Conditionas of June 30, 2026 (unaudited) and December 31, 2025(audited)1Consolidated Statements of Operationsfor the Three and Six Months Ended June 30, 2026 and 2025(unaudited)2Consolidated Statements of Comprehensive Incomefor the Three and Six Months Ended June 30, 2026 and2025(unaudited)3Consolidated Statements of Shareholders' Equityfor the Three and Six Months Ended June 30, 2026 and 2025(unaudited)4Consolidated Statements of Cash Flowsfor the Six Months Ended June 30, 2026 and 2025(unaudited)5Notes to the Consolidated Financial Statements as of June 30, 2026 (unaudited) and December 31, 2025(audited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations48Item 3.Quantitative and Qualitative Disclosure About Market Risk69Item 4.Controls and Procedures70 PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures 7272727272727374 PART I - FINANCIAL INFORMATION FIRST CAROLINA FINANCIAL SERVICES, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSJUNE30, 2026 (UNAUDITED) AND DECEMBER31, 2025 (AUDITED)Note 1—Nature of Business and Summary of Significant Accounting Policies First Carolina Financial Services, Inc. (the “Company”) is a bank holding company whose principal subsidiary is First CarolinaBank (the “Bank”). The Bank has one wholly owned subsidiary, BM Technologies, Inc., and one indirect subsidiary, BMTX, Inc.,which is wholly owned by BM Technologies, Inc. Through these consolidated subsidiaries, which we refer to herein as BM Tech, weoperate a payment processing company focused on higher education funds disbursement. The Company principally operates in twobusiness segments, which are Community Banking and BM Tech. See Note 11-"Segment Reporting", for additional information. On June 17, 2026, the Company effected a 2-for-1 stock split of its common stock. All share and per share amounts presented inthe condensed consolidated financial statements have been retroactively adjusted to reflect the stock split for all periods presented. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its whollyowned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generallyaccepted accounting princ