Carter Bankshares Q4 net income $8.3M, EPS $0.36; NPLs decline to $259.3M

Carter Bankshares, Inc.

2024-FY EPS reported $1.06 revenue$19,413,000

Net income $8.3M ($0.36 diluted EPS) vs $5.6M in Q3 2024 and net loss $1.9M in Q4 2023.
Nonperforming loans fell $28.4M to $259.3M (7.15% of loans); $28.9M curtailment from largest credit relationship.
Net interest margin (FTE) 2.58%, up 9 bps YoY; efficiency ratio 83.6%.
Announced acquisition of two branches in Winston-Salem and Mooresville, NC to expand footprint.
Allowance for credit losses 2.09%; specific reserves on large nonperforming credit $30.3M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.