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AI brief of an SEC Form 8-K · Carter Bankshares, Inc. (CARE)

Carter Bankshares Q3 net income $7.8 million, down from Q2 but up from a year ago

Mixed Impact 3 of 5 earnings Written later

Carter Bankshares reported third-quarter 2026 net income of $7.8 million, or $0.35 diluted EPS, down from $28.9 million, or $1.31 per share, in the second quarter and up from $5.4 million, or $0.24 per share, a year earlier. The quarter-over-quarter decline reflects second-quarter gains from the sale of an insurance business and a loan sale, while net interest income rose to $41.2 million, and the company recorded $12.1 million of net charge-offs in the quarter.

Key points

  • Q3 2026 net income $7.8 million ($0.35 diluted EPS) vs. $28.9 million ($1.31) in Q2 2026 and $5.4 million ($0.24) in Q3 2025
  • Net interest income $41.2 million, up 3.2% from Q2 2026 and 22.3% from Q3 2025; net interest margin 3.51%
  • Noninterest income fell to $5.0 million from $28.7 million in Q2, which included a $35.9 million net gain on the Insurance Transaction
  • Net charge-offs of $12.1 million; nonperforming loans fell to $27.9 million at September 30, 2026 from $37.6 million at June 30, 2026

The filing

CompanyCarter Bankshares, Inc. (CARE)
Form8-K, current report
Filed with the SECOct 29, 2026, 8:10 AM ET
Accession number0001829576-26-000089

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.