First Carolina Financial Services prices IPO at $12.50 per share

First Carolina Financial Services, Inc., the holding company for First Carolina Bank, has priced its initial public offering of 5,500,000 shares of common stock at $12.50 per share, according to a press release statement.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol NYSE: FCBM on June 18, 2026, with the offering expected to close on June 22, 2026, subject to customary closing conditions.

The company has also granted underwriters a 30-day option to purchase up to an additional 825,000 shares at the initial public offering price, less underwriting discounts and commissions.

First Carolina intends to use the net proceeds for general corporate purposes, which may include supporting organic growth, potential acquisitions, refinancing of outstanding indebtedness, and working capital.

Keefe, Bruyette & Woods, a Stifel company, is acting as sole bookrunner for the offering. Raymond James and Hovde Group are serving as co-managers.

The SEC declared the registration statement on Form S-1 effective on June 17, 2026. First Carolina is headquartered in Raleigh, North Carolina, and operates banking offices across North Carolina, Virginia, South Carolina, and Georgia.

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