First Carolina Financial Services, Inc. (FCBM) Key Metrics
FCBM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $395.2M
- Enterprise value
- $396.7M
- P/E (TTM)
- 23.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.1
- Price / book
- 0.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
FCBM key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFCBM returns How much profit the business earns on the capital it uses.
FCBM per-share figures Results divided by the shares outstanding at year-end.
FCBM financial health Debt, liquidity and how easily interest is covered.
FCBM efficiency & capital use Working capital cycle and where the cash goes.
FCBM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FCBM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FCBM cash returned to shareholders
FCBM key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Per share | |||
| Revenue per share | $7.01 | $2.37 | $2.08 |
| Earnings per share | $0.40 | $0.69 | $0.65 |
| Operating cash flow per share | $1.19 | $2.05 | −$1.01 |
| Free cash flow per share | $1.06 | $1.89 | −$1.25 |
| Cash per share | $4.43 | $5.56 | $6.00 |
| Book value per share | $11.47 | $11.15 | $8.87 |
| Tangible book value per share | $8.87 | $11.09 | $8.81 |
| Capex per share | $0.13 | $0.16 | $0.23 |
| Debt per share | $4.58 | $5.40 | $2.09 |
| Shares outstanding | 30.2M | 30.2M | 30.2M |
| Change in shares outstanding | 0.0% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 3.6% | 6.9% | 7.3% |
| Return on invested capital (ROIC) | 3.6% | — | — |
| Return on assets (ROA) | 0.4% | 0.7% | 0.7% |
| Return on tangible assets | 0.4% | 0.7% | 0.7% |
| Free cash flow margin | 15.1% | 79.9% | −59.9% |
| Income quality (OCF / net income) | 2.94 | 2.96 | −1.56 |
| Financial health | |||
| Total debt | $138.4M | $163.3M | $63.2M |
| Cash & short-term investments | $134.1M | $168.1M | $181.5M |
| Net debt | $4.3M | −$4.8M | −$118.2M |
| Debt / equity | 0.40 | 0.48 | 0.24 |
| Debt / assets | 0.04 | 0.05 | 0.02 |
| Net debt / EBITDA | 0.19 | — | — |
| Interest coverage | 0.2 | — | — |
| Invested capital | $351.2M | $332.6M | $150.1M |
| Tangible asset value | $268.2M | $335.5M | $266.6M |
| Graham number | $10.20 | $13.17 | $11.38 |
| Graham net-net per share | −$93.24 | −$83.05 | −$73.63 |
| Capital allocation | |||
| Share buybacks (net) | $7.0M | $0 | $44,000 |
| Dividends + buybacks / free cash flow | 22.0% | 0.0% | — |
| Capex / revenue | 1.8% | 6.7% | 11.2% |
| Capex / operating cash flow | 10.8% | 7.7% | — |
| Capex / depreciation | 0.52 | 2.91 | 5.47 |
| Stock-based compensation / revenue | 1.6% | 4.0% | 3.5% |
| SG&A / revenue | 36.5% | 53.5% | 47.5% |
| Efficiency | |||
| Days sales outstanding | 44.3 | 240.6 | 374.7 |
| Days payables outstanding | 11.7 | — | — |
| Cash conversion cycle (days) | 32.6 | — | — |
| Receivables turnover | 8.25 | 1.52 | 0.97 |
| Payables turnover | 31.24 | 0.00 | 0.00 |
| Asset turnover | 0.07 | 0.02 | 0.02 |
| Average receivables | $25.7M | $47.1M | $64.7M |
| Average payables | $3.2M | $1.6M | $447,000 |
| Intangibles / total assets | 2.4% | 0.1% | 0.1% |
Computed from FCBM's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FCBM valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 23.6. First Carolina Financial Services earned a return on equity of 3.6% and a return on invested capital of 3.6% in fiscal 2025. It ended the year with $138.4 million of debt and $134.1 million in cash and short-term investments, net debt of $4.3 million. It returned $7.0 million to shareholders: $0 in dividends and $7.0 million in share buybacks, 22% of free cash flow.
See the FCBM income statement, the FCBM chart for price history, or the FCBM stock overview for the latest quote and news.
FCBM key metrics FAQ
What is First Carolina Financial Services's P/E ratio?
First Carolina Financial Services's trailing P/E ratio is 23.6 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.
What is First Carolina Financial Services's return on equity?
First Carolina Financial Services's return on equity (ROE) was 3.6% in fiscal 2025: net income of $12.2 million on average shareholders' equity of $342.1 million.
What is First Carolina Financial Services's ROIC?
First Carolina Financial Services's return on invested capital was 3.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First Carolina Financial Services have?
First Carolina Financial Services had total debt of $138.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.40 and $4.3 million of net debt (0.19 times EBITDA).
Does First Carolina Financial Services buy back its shares?
Yes. First Carolina Financial Services spent $7.0 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 30.2M..