---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-24-000067"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:02:44.552418+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares Q3 net income $5.6M, up 55% YoY; deposits grow 5.2% QoQ

## Summary
- Net income $5.6M ($0.24 diluted EPS) vs $3.6M ($0.16) in Q3 2023, up 55.2%.
- Net interest income $28.8M, NIM (FTE) 2.59%; loans $3.6B, up 5.4% YoY.
- Deposits $4.085B, up 14.8% YoY; borrowings reduced 82.5% YoY to $90M.
- NPL ratio 8.00% (driven by largest relationship); ACL coverage 2.25%.
- Strong liquidity: $1.5B available, 207.8% of uninsured deposits; CET1 10.83%.

## SEC filing metadata
- accession: 0001829576-24-000067
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000067/0001829576-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957624000067/care-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-24-000067
- JSON: https://secwatch.observer/filing/0001829576-24-000067.json
- Plain text: https://secwatch.observer/filing/0001829576-24-000067.txt

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