---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000003"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T15:31:32.161855+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-25-000003
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1829576/000182957625000003/0001829576-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000003/care-20250123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000003
- JSON: https://secwatch.observer/filing/0001829576-25-000003.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000003.txt

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