secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001829576-25-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000063/0001829576-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000063/care-20251023.htm
  HTML page:      https://secwatch.observer/filing/0001829576-25-000063

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