First Carolina Financial Services

Q2 FY2026 EarningsQ2 FY26 missed consensus across most key financial metrics, with revenue of $32.26M falling 5.42% short of expectations and Net Income of $5.10M missing by 6.93%. The variance was primarily driven by a strategic exit from a Banking-as-a-Service (BaaS) partnership within the BM Tech segment, causing a $6.1M decline in servicing fees. While Net Interest Margin (NIM) was slightly lower than expected at 3.23%, disciplined expense management in compensation and benefits partially mitigated the top-line shortfall, resulting in a diluted EPS of $0.20, roughly in-line with the $0.21 consensus.