---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000051"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:32:40.395755+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-25-000051
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000051/0001829576-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000051/care-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000051
- JSON: https://secwatch.observer/filing/0001829576-25-000051.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000051.txt

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