First Carolina Financial Services, Inc. (FCBM) Balance Sheet
FCBM balance sheet, 2025
December 31, 2025 · U.S. dollars$3.32B assets = $2.97B liabilities + $346.9M equity
Both columns are drawn to the same scale: what FCBM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FCBM financial health
Descriptive bands, not a rating. Fiscal 2025.
FCBM balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.73B2023 | $3.32B2025 | +10.3%/yr | |
| Total liabilities | $2.46B2023 | $2.97B2025 | +10.0%/yr | |
| Shareholders’ equity | $268.4M2023 | $346.9M2025 | +13.7%/yr | |
| Cash & short-term investments | $181.5M2023 | $134.1M2025 | −14.0%/yr | |
| Total debt | $63.2M2023 | $138.4M2025 | +48.0%/yr | |
| Net cash (debt) | $118.2M2023 | −$4.3M2025 | −$122.6M | |
| Book value per share | $8.872023 | $11.472025 | +13.7%/yr | |
| Debt / equity | 0.242023 | 0.402025 | +0.16 | |
| Shares outstanding | 30.2M2023 | 30.2M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FCBM assets
FCBM liabilities and equity
FCBM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FCBM balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $134.1M | $168.1M | $181.5M |
| Cash & equivalents | $134.1M | $168.1M | $161.0M |
| Short-term investments | $0 | $24,000 | $20.5M |
| Receivables | $21.8M | $29.6M | $64.7M |
| Inventory | $0 | $0 | $0 |
| Property, plant & equipment (net) | $43.3M | $42.8M | $40.8M |
| Goodwill & intangible assets | $78.7M | $1.8M | $1.8M |
| Long-term investments | $312.1M | $168.6M | $202.2M |
| Other non-current assets | $2.88B | $2.83B | $2.48B |
| Total assets | $3.32B | $3.04B | $2.73B |
| Liabilities | |||
| Accounts payable | $3.6M | $2.8M | $447,000 |
| Short-term debt | $75.0M | $100.0M | — |
| Long-term debt | $63.4M | $63.3M | $63.2M |
| Total liabilities | $2.97B | $2.70B | $2.46B |
| Shareholders' equity | |||
| Common stock & paid-in capital | $12.3M | $12.3M | $10.8M |
| Retained earnings (deficit) | $95.2M | $84.4M | $63.5M |
| Accumulated other comprehensive income | −$488,000 | −$1.5M | −$1.9M |
| Minority interest | — | $0 | $0 |
| Total shareholders' equity | $346.9M | $337.3M | $268.4M |
| Key figures | |||
| Total debt | $138.4M | $163.3M | $63.2M |
| Net cash (debt) | −$4.3M | $4.8M | $118.2M |
| Tangible book value | $268.2M | $335.5M | $266.6M |
| Book value per share | $11.47 | $11.15 | $8.87 |
| Shares outstanding | 30.2M | 30.2M | 30.2M |
| Debt / equity | 0.40 | 0.48 | 0.24 |
| Equity / assets | 10.5% | 11.1% | 9.8% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $118.8M | $190.3M |
| Cash & equivalents | $118.8M | $190.3M |
| Short-term investments | $0 | $0 |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $0 | — |
| Total current assets | $118.8M | — |
| Property, plant & equipment (net) | $42.1M | $43.5M |
| Goodwill & intangible assets | $69.0M | $69.7M |
| Long-term investments | $36.3M | $331.6M |
| Other non-current assets | $3.14B | $2.97B |
| Total assets | $3.41B | $3.42B |
| Liabilities | ||
| Accounts payable | $2.2M | $3.7M |
| Short-term debt | $50.0M | — |
| Total current liabilities | $50.0M | — |
| Long-term debt | $63.5M | $63.5M |
| Other long-term liabilities | $2.86B | — |
| Total liabilities | $2.97B | $3.07B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $15.5M | $12.3M |
| Retained earnings (deficit) | $106.3M | $101.2M |
| Accumulated other comprehensive income | −$330,000 | −$797,000 |
| Total shareholders' equity | $431.2M | $353.4M |
| Key figures | ||
| Total debt | $113.5M | $63.5M |
| Net cash (debt) | $5.3M | $126.9M |
| Working capital | $68.8M | — |
| Tangible book value | $362.2M | $283.7M |
| Book value per share | $17.09 | $11.68 |
| Shares outstanding | 25.2M | 30.2M |
| Current ratio | 2.38 | — |
| Quick ratio | 2.38 | — |
| Debt / equity | 0.26 | 0.18 |
| Equity / assets | 12.7% | 10.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
FCBM financial position
At the end of fiscal 2025 (December 31, 2025), First Carolina Financial Services had total assets of $3.3 billion (up 9.2% from a year earlier), total liabilities of $3.0 billion and shareholders' equity of $346.9 million. It held $134.1 million in cash and short-term investments against $138.4 million of debt, net debt of $4.3 million. In the latest quarter (ended June 30, 2026) total assets were $3.4 billion and equity $431.2 million.
Related: FCBM income statement, FCBM cash flow statement, FCBM key metrics. See the FCBM stock overview for the latest quote and news.
FCBM balance sheet FAQ
What are First Carolina Financial Services's total assets?
First Carolina Financial Services reported total assets of $3.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.0 billion a year earlier.
How much debt does First Carolina Financial Services have?
First Carolina Financial Services had $138.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.40.
How much cash does First Carolina Financial Services have?
First Carolina Financial Services held $134.1 million in cash and short-term investments at the end of fiscal 2025; with $138.4 million of debt that is net debt of $4.3 million.
What is First Carolina Financial Services's book value?
First Carolina Financial Services's shareholders' equity (book value) was $346.9 million at the end of fiscal 2025, or $11.47 per share.
How much goodwill does First Carolina Financial Services have?
First Carolina Financial Services carried $78.7 million of goodwill and intangible assets, 2.4% of total assets, at the end of fiscal 2025.