#1
#1 out of 1
business1d ago
First Carolina Financial Services, Southeast Regional Bank and Payments Platform, Files for NYSE IPO
- First Carolina Financial Services filed for an NYSE IPO under the ticker FCBM, signaling plans for a public listing.
- FCB combines a Southeast regional bank with BM Technologies, a national payments platform for higher education.
- Keefe, Bruyette & Woods is listed as sole bookrunner for the IPO, with Raymond James and Hovde Group assisting.
- BM Technologies monetizes institutional service fees and interchange within a nationwide student disbursement network.
- The company reported 524,000 deposit accounts and nine full-service offices across four states as of March 31, 2026.
- Total assets stood at about $3.4 billion with loans of $2.7 billion and deposits of $3.0 billion as of March 31, 2026.
- Revenue for 2025 reached about $139.96 million with net income of $12.20 million.
- The proposed use of proceeds includes general corporate purposes and potential acquisitions.
- The filing highlights a Southeast footprint and a nationwide payments reach across 46 states.
Vote 0