The regional bank First Carolina Financial Services (FCBM.US) has disclosed the terms for its upcoming initial public offering.

The Raleigh, North Carolina-based company intends to offer 5.5 million shares at a price between $14 and $16 per share, which would raise approximately $83 million.

Based on the midpoint of this proposed price range, the bank's fully diluted market value would be about $454 million.

First Carolina Bank provides commercial and retail banking services to small and medium-sized businesses, individuals, professionals, and higher education institutions across North Carolina, South Carolina, Georgia, and Virginia.

It operates a regional banking network and also delivers nationwide financial services through a technology-driven portfolio management and risk control platform.

As of March 31, 2026, the bank reported total assets of $3.4 billion, total loans of $2.7 billion, total deposits of $3.0 billion, and shareholders' equity of $353 million, serving more than 524,000 customer deposit accounts.

Founded in 2012, First Carolina Financial Services generated revenue of $140 million over the twelve months ending March 31, 2026.

The company plans to list on the New York Stock Exchange under the ticker symbol "FCBM".

Keefe Bruyette Woods is acting as the sole book-running manager for the offering.

The final IPO price is expected to be set during the week of June 15, 2026.