secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001829576-25-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000051/0001829576-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000051/care-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001829576-25-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer