FCB Financial Holdings, in Weston, Florida, reported a $3.4 million loss in the third quarter that relected costs tied to its initial public offering.
The $6 billion-asset company said in a press release that it spent $20.1 million related to its August IPO.
Net interest income rose 55%, to $45.9 million, after the company's loan portfolio increased by 36%, to $3.6 billion. The net interest margin compressed by 5 basis points, to 3.49%.
Noninterest income more than doubled, to $2.4 million, while noninterest expenses, including the IPO costs, also doubled, to $49 million.