---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-23-000003"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:26:41.673765+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares posts record Q4 net income $15.6M, EPS $0.65

## Summary
- Net income $15.6M ($0.65 diluted EPS) vs $5.6M ($0.21) in Q4 2021; full year $50.1M ($2.03).
- Net interest income $41.5M, up 48% YoY; NIM (FTE) expanded 125 bps to 4.07%.
- Total portfolio loans grew $117.6M (15.4% annualized) to $3.1B; deposits decreased $95.6M.
- Nonperforming loans declined to 0.21% of total loans; net charge-offs 0.05% annualized.
- Efficiency ratio improved to 59.5% for Q4; Tier 1 capital ratio 12.61%.

## SEC filing metadata
- accession: 0001829576-23-000003
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000003/0001829576-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000003/care-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-23-000003
- JSON: https://secwatch.observer/filing/0001829576-23-000003.json
- Plain text: https://secwatch.observer/filing/0001829576-23-000003.txt

## Key facts
- Earnings Releases
  Carter Bankshares, Inc. reported financial results for the three and twelve months ended December 31, 2022.
  - Period: the three and twelve months ended December 31, 2022
  - Result: reported results
  source text: On January 26, 2023, Carter Bankshares, Inc. announced by press release its earnings for the three and twelve months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000003/0001829576-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.