---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000025"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:17:04.307257+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CARE Q1 net income $9.0M, EPS $0.39; Justice NPLs $245.1M

## Summary
- Net income $9.0M ($0.39 diluted EPS), up from $8.3M ($0.36) Q4 2024 and $5.8M ($0.25) Q1 2024.
- Net interest margin expanded 12 bps to 2.70%; total deposits grew $47.5M (4.6% annualized).
- Justice Entities NPL principal $245.1M; received $6.9M curtailment in Q1; NPL ratio 7.09%.
- Recovery provision for credit losses $(2.0)M vs $(5.1)M recovery in Q4; reserve rate on Other segment declined.
- Total assets $4.7B; all capital ratios well above regulatory minimums; FHLB borrowings cut to $55M.

## SEC filing metadata
- accession: 0001829576-25-000025
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000025/0001829576-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000025/care-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000025
- JSON: https://secwatch.observer/filing/0001829576-25-000025.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000025.txt

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