---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000063"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:33:27.743137+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-25-000063
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1829576/000182957625000063/0001829576-25-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000063/care-20251023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000063
- JSON: https://secwatch.observer/filing/0001829576-25-000063.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000063.txt

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