Community bank First Carolina Financial Services (FCBM.US) IPO prices at $14-16 per share, seeking to raise $83 million.

Community bank First Carolina Financial Services (FCBM.US) announced the terms of its initial public offering (IPO) on Monday. The company, based in Raleigh, North Carolina, plans to issue 5.5 million shares of stock at a price range of $14 to $16 per share, aiming to raise $83 million. Based on the midpoint of the proposed price range, First Carolina Financial Services' fully diluted market value will reach $454 million. First Carolina Bank operates in North Carolina, South Carolina, Georgia, and Virginia, providing commercial and retail banking services to small and medium-sized businesses, individuals, professionals, and higher education institutions. The company operates a regional bank network and offers nationwide financial services through technology-driven investment management and risk control platforms. As of March 31, 2026, First Carolina had total assets of $3.4 billion, total loans of $2.7 billion, total deposits of $3 billion, shareholders' equity of $353 million, and more than 524,000 customer deposit accounts. First Carolina Financial Services was founded in 2012 and generated revenue of $140 million in the 12 months ending March 31, 2026. The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "FCBM." Keefe Bruyette Woods is serving as the exclusive bookrunner for this offering. The IPO pricing is expected to be completed in the week of June 15, 2026.