Carter Bankshares Q3 net income $5.4M ($0.24 EPS), down 36% from Q2; NPLs rise to $258.6M

Carter Bankshares, Inc.

2025-Q3 EPS reported $1.00

Q3 2025 net income $5.4M ($0.24 diluted EPS) vs $8.5M ($0.37) Q2 2025; YoY flat with $5.6M ($0.24).
Net interest income $33.7M (+4.2% QoQ, +17.1% YoY); net interest margin 2.86% (up 6 bps QoQ).
Nonperforming loans increased $8.1M to $258.6M (6.74% of loans); Justice Entities nonaccrual balance $228.6M.
Provision for credit losses expense $2.9M vs recovery of $(2.3)M prior quarter; loan growth 9.4% annualized.
Efficiency ratio improved to 73.43% from 78.63% QoQ; company repurchased 262,269 shares at $18.70 avg.

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