The IPO is now effective — expect pricing within 1-2 business days. Monitor the final prospectus (424B4) for the actual offer price and any last-minute adjustments to the 5.5M share count. Post-IPO, watch for insider lockup expirations and any S-3 shelf filings for secondary offerings.
Price Chart
Executive Summary
First Carolina Financial Services' S-1 registration for its IPO of common stock has been declared effective by the SEC on June 17, 2026. The company is now cleared to proceed with its initial public offering of 5.5 million shares at an expected $14-$16 range, targeting a NYSE listing under ticker FCBM. The cross-filing context confirms this is the final step before pricing and trading begins.
Key Facts
- S-1 registration (File No. 333-296151) declared effective by SEC on June 17, 2026
- IPO of 5.5M shares at $14-$16 per share, targeting NYSE listing under FCBM
- Net proceeds of ~$73.6M (midpoint) for organic growth, deposits, and technology investments
- Company reported 2025 revenue of $141.7M, net income of $12.2M; Q1 2026 net income of $5.9M
- Underwriters granted 30-day option to purchase up to additional shares at IPO price
Financial Impact
IPO proceeds of ~$73.6M (midpoint) from 5.5M share offering at $14-$16 range
Risk Factors
- CRE concentration at 483.5% of capital — elevated risk if commercial real estate weakens
- BM Tech integration costs and execution risk
- Post-IPO dilution and potential lockup expiration overhang
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002043 |
| Document: 9999999995-26-002043-index.html | 9999999995-26-002043 |
| Document: 9999999995-26-002043.txt | 9999999995-26-002043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | 8-K | $12.75 $12.50 | ▼ −1.96% | ▼ −1.05% | $13.02 (+2.12%) |
Jul 30, 2026 12w ago | 8-K | $12.48 $12.69 | ▲ +1.68% | ▼ −2.28% | $13.02 (+4.33%) |
Jul 16, 2026 14w ago | 3 | $12.85 $12.73 | ▼ −0.93% | ▼ −5.38% | $13.02 (+1.32%) |
Jun 22, 2026 18w ago | 8-K | $12.69 $12.80 | ▲ +0.87% | ▼ −0.29% | $13.02 (+2.60%) |
Jun 18, 2026 18w ago | EFFECT | $12.60 $12.80 | ▲ +1.59% | ▲ +1.05% | $13.02 (+3.33%) |
Jun 17, 2026 18w ago | 3 | $12.60 $12.80 | ▲ +1.59% | ▲ +1.05% | $13.02 (+3.33%) |
Jun 17, 2026 18w ago | 3 | $12.60 $12.80 | ▲ +1.59% | ▲ +1.05% | $13.02 (+3.33%) |
Jun 11, 2026 19w ago | S-1/A | — | awaiting T+20 | — | — |
Jun 8, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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