Carter Bankshares Q2 net income $8.5M ($0.37 EPS); NIM expands to 2.82%

Carter Bankshares, Inc.

2025-Q2 EPS reported $0.76

Net income of $8.5M, down from $9.0M in Q1 2025 but up from $4.8M in Q2 2024; diluted EPS $0.37.
Net interest income $32.4M (+7.4% QoQ, +15.2% YoY); net interest margin (FTE) 2.82% vs 2.70% prior quarter.
NPLs $250.6M (6.69% of loans); largest Justice Entities relationship still on nonaccrual at $235.5M.
Completed branch purchase from First Reliance Bank, acquiring $55.9M in deposits and two NC locations.
Announced $20M stock repurchase program; repurchased 547,332 shares at $16.70 avg cost through June 30.

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