Carter Bankshares Q1 net income $85.8M from $80M gain on sale of Justice loans

Carter Bankshares, Inc.

2026-Q1 EPS reported $3.88

Net income $85.8M, diluted EPS $3.88; vs $9.0M/$0.39 in Q1 2025.
Completed sale of $209.5M Justice-related loans for $289.5M cash; recognized $80M net gain.
Nonperforming loans fell to $24.0M from $244.0M at Dec 2025; NPL ratio improved to 0.64%.
Net interest margin expanded to 3.07% from 2.68% YoY; net interest income up 19.2% to $35.9M.
Tangible book value per share increased $3.49 from the transaction and capital ratios strengthened.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Carter Bankshares, Inc. reported the first quarter of 2026 results: net income quarterly net income of $85.8 million, EPS $3.88 diluted earnings per share.

Period: the first quarter of 2026
Net income: quarterly net income of $85.8 million
EPS: $3.88 diluted earnings per share
Result: reported results

Exact text from the filing

Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced quarterly net income of $85.8 million, or $3.88 diluted earnings per share (“EPS”), for the first quarter of 2026

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Carter Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001829576-26-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.