First Carolina Financial Services, Inc. (FCBM) - Net Assets
Based on the latest financial reports, First Carolina Financial Services, Inc. (FCBM) has net assets worth $431.20 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.41 Billion) and total liabilities ($2.97 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See First Carolina Financial Services, Inc. balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $431.20 Million |
| % of Total Assets | 12.66% |
| Annual Growth Rate | 13.69% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.42 |
First Carolina Financial Services, Inc. - Net Assets Trend (2023–2025)
This chart illustrates how First Carolina Financial Services, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore FCBM net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for First Carolina Financial Services, Inc. (2023–2025)
The table below shows the annual net assets of First Carolina Financial Services, Inc. from 2023 to 2025. For live market cap and overall valuation, see First Carolina Financial Services, Inc. (FCBM) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $346.93 Million | +2.85% |
| 2024-12-31 | $337.32 Million | +25.69% |
| 2023-12-31 | $268.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Carolina Financial Services, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 50.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $95.25 Million | 27.46% |
| Common Stock | $12.26 Million | 3.53% |
| Other Comprehensive Income | $-488.00K | -0.14% |
| Other Components | $239.90 Million | 69.15% |
| Total Equity | $346.93 Million | 100.00% |
First Carolina Financial Services, Inc. Competitors by Market Cap
The table below lists competitors of First Carolina Financial Services, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Anjubao Digital Tech
SHE:300155
|
$377.78 Million |
|
Temple & Webster Group Ltd
AU:TPW
|
$377.85 Million |
|
Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited
F:GU5
|
$377.92 Million |
|
Chengdu Shengbang Seals Co.Ltd.
SHE:301233
|
$378.06 Million |
|
CMC Magnetics Corp
TW:2323
|
$377.52 Million |
|
Refex Industries Limited
NSE:REFEX
|
$377.52 Million |
|
Lingsen Precision Industries Ltd
TW:2369
|
$377.50 Million |
|
WEIHAI CITY COMM.BK H 1
F:8K0
|
$377.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Carolina Financial Services, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 337,317,000 to 346,925,000, a change of 9,608,000 (2.8%).
- Net income of 12,201,000 contributed positively to equity growth.
- Share repurchases of 7,040,000 reduced equity.
- Other comprehensive income increased equity by 1,007,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.20 Million | +3.52% |
| Share Repurchases | $7.04 Million | -2.03% |
| Other Comprehensive Income | $1.01 Million | +0.29% |
| Other Changes | $3.44 Million | +0.99% |
| Total Change | $- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares First Carolina Financial Services, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.44x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | $8.87 | $12.74 | x |
| 2024-12-31 | $11.15 | $12.74 | x |
| 2025-12-31 | $11.47 | $12.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Carolina Financial Services, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.76%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.56x
- Recent ROE (3.52%) is below the historical average (5.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 7.31% | 31.13% | 0.02x | 10.16x | $-7.21 Million |
| 2024 | 6.20% | 29.23% | 0.02x | 9.01x | $-12.82 Million |
| 2025 | 3.52% | 5.76% | 0.06x | 9.56x | $-22.49 Million |
Industry Comparison
This section compares First Carolina Financial Services, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,507,062,100
- Average return on equity (ROE) among peers: 8.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Carolina Financial Services, Inc. (FCBM) | $431.20 Million | 7.31% | 6.90x | $377.77 Million |
| Ameris Bancorp (ABCB) | $22.99 Billion | 1.64% | 0.04x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $5.30 Billion |
| ACNB Corporation (ACNB) | $48.65 Million | 13.92% | 8.70x | $633.48 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $82.29 Million | 12.59% | 7.60x | $774.50 Million |
| Amalgamated Bank (AMAL) | $341.11 Million | 3.10% | 10.85x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $753.45 Million | 5.71% | 10.20x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $91.50 Million | 17.28% | 11.58x | $673.89 Million |
| Associated Banc-Corp (ASB) | $274.60 Million | 14.71% | 10.96x | $5.41 Billion |
| AmeriServ Financial Inc (ASRV) | $112.35 Million | 5.82% | 7.71x | $74.54 Million |
About First Carolina Financial Services, Inc.
First Carolina Financial Services, Inc. operates as a bank holding company for First Carolina Bank that provides commercial banking services in the United States. It operates through two segments, Community Banking and BM Tech business line. The company offers business services including checking, savings, money market deposit accounts, certificates of deposit, individual retirement accounts, and… Read more