First Carolina Financial Services Q3 net income $7.9 million, or $0.26 per share

First Carolina Financial Services (FCBM) reported Q3 net income of $7.9 million, or $0.26 per diluted share, reversing a $2.0 million loss a year ago. Net interest margin expanded to 3.38%, loan growth annualized at 22.3%, and noninterest expense fell 19.6%. The company also redeemed its 2019 subordinated debt.