The hot trend of bank IPOs in the US stock market continues, with regional bank First Carolina (FCBM.US) making a push to list on the NYSE.

First Carolina Financial Services, a bank in the United States region, submitted an Initial Public Offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $100 million. According to information, the bank has branches in North and South Carolina, Georgia, and Virginia, providing commercial and consumer financial services to small and medium-sized enterprises, individuals, professionals, and higher education institutions. In addition to regional banking operations, the bank also has a nationwide financial services business and conducts asset management and risk control work through digital platforms. As of March 31, 2026, First Carolina has total assets of $3.4 billion, loan size of $2.7 billion, total deposits of $3 billion, shareholders' equity of $353 million, and over 524,000 customer deposit accounts. The bank, headquartered in Raleigh, North Carolina, was founded in 2012 and achieved revenue of $141 million in the 12 months ending on March 31, 2026. First Carolina plans to list on the New York Stock Exchange under the ticker symbol FCBM, with Keefe Bruyette Woods as the sole underwriter for the transaction. It was reported that after the regional banking crisis in 2023, U.S. bank IPOs were quiet for a while. But with investor concerns easing, Bank of America Corp's IPO rebounded strongly in the past year. Many banks, including Northpointe Bancshares (NPB.US), Avidbank (AVBH.US), Commercial Bancgroup (CBK.US), and Central Bancompany (CBC.US), went public last year. Entering 2026, the private credit turmoil affected Bank of America Corp's business, but did not stop the IPO wave in the banking sector. Forbright, founded by former U.S. Congressman John Delaney, recently submitted an IPO application, moving closer to being listed on the stock market.