Earnings summaries and quarterly performance for Carter Bankshares.
Executive leadership at Carter Bankshares.
Litz H. Van Dyke
Detailed
Chief Executive Officer
CEO
BL
Bradford Langs
Detailed
President and Chief Strategy Officer
JA
Jane Ann Davis
Detailed
Chief Administrative Officer
LA
Loran Adams
Detailed
Director of Regulatory Risk Management
MS
Matthew Speare
Detailed
Chief Operations Officer
TK
Tony Kallsen
Detailed
Chief Credit Officer
WB
Wendy Bell
Detailed
Chief Financial Officer
Board of directors at Carter Bankshares.
CL
Catharine L. Midkiff
Detailed
Director
CE
Curtis E. Stephens
Detailed
Director
EL
Elizabeth L. Walsh
Detailed
Director
GW
Gregory W. Feldmann
Detailed
Lead Independent Director
JA
Jacob A. Lutz, III
Detailed
Director
JW
James W. Haskins
Detailed
Chairman of the Board
KS
Kevin S. Bloomfield
Detailed
Director
MR
Michael R. Bird
Detailed
Director
PQ
Phyllis Q. Karavatakis
Detailed
Vice Chairman of the Board
RM
Robert M. Bolton
Detailed
Director
Research analysts covering Carter Bankshares.
Recent press releases and 8-K filings for CARE.
Carter Bankshares, Inc. Reports Q4 and Full Year 2025 Financial Results
CARE
Earnings
Share Buyback
New Projects/Investments
- Carter Bankshares, Inc. reported net income of $31.362 million and diluted earnings per share of $1.38 for the year ended December 31, 2025, representing year-over-year increases of $6.839 million and $0.32, respectively.
- As of December 31, 2025, total assets grew to $4.851 billion, with total portfolio loans increasing 7.0% year-over-year to $3.879 billion, and deposits reaching $4.210 billion.
- The company maintained a strong capital position with a Common Equity Tier 1 Ratio (CET1) of 10.70% and $1.2 billion in total available liquidity as of December 31, 2025.
- Asset quality metrics as of December 31, 2025, included a delinquency to portfolio loans ratio of 0.08% and a nonperforming loans to portfolio loans ratio of 6.29%, with the latter significantly impacted by a $214.0 million commercial loan relationship.
- Under its 2025 program, the company repurchased 1,124,690 shares of common stock for a total cost of $20.0 million at an average cost of $17.78 per share.
13 hours ago
Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results
CARE
Earnings
Share Buyback
- Carter Bankshares, Inc. reported net income of $8.5 million and diluted earnings per share (EPS) of $0.38 for the fourth quarter of 2025, and net income of $31.4 million and diluted EPS of $1.38 for the full year ended December 31, 2025.
- Net interest income increased to $34.6 million in the fourth quarter of 2025, up from $33.7 million in the prior quarter, and totaled $130.8 million for the full year 2025.
- Total portfolio loans increased by $43.9 million (4.5% on an annualized basis) to $3.9 billion at December 31, 2025, reflecting 7.0% annual loan growth from December 31, 2024.
- Nonperforming loans (NPLs) decreased by $14.7 million to $244.0 million at December 31, 2025, with the NPLs to total portfolio loans ratio improving to 6.29%.
- The company repurchased 315,089 shares of its common stock for $6.0 million during the fourth quarter of 2025, and a total of 1,124,690 shares for $20.0 million for the full year 2025.
2 days ago
Carter Bank Joins Federal Reserve Bank of Richmond as State Member Bank
CARE
New Projects/Investments
- Carter Bank, the banking subsidiary of Carter Bankshares, Inc. (Nasdaq: CARE), has received approval to become a state member bank of the Federal Reserve Bank of Richmond.
- This transition means Carter Bank will now be regulated by the Board of Governors of the Federal Reserve System through the Federal Reserve Bank of Richmond, in addition to continued regulation by the Bureau of Financial Institutions of the Virginia State Corporation Commission.
- CEO Litz Van Dyke stated that this decision is a significant step toward future strategic objectives, aiming to streamline regulatory structure and enhance operational efficiency.
- The Company also recently converted to a financial holding company, which provides greater flexibility to innovate and grow.
Nov 13, 2025, 2:00 PM
Carter Bankshares, Inc. Reports Q3 2025 Financial Results
CARE
Earnings
Share Buyback
- Carter Bankshares, Inc. reported Net Income of $5,419 thousand and Diluted Earnings Per Share of $0.24 for Q3 2025.
- As of September 30, 2025, the company's total assets reached $4,840,119 thousand, with total portfolio loans increasing by $239.8 million year-over-year to $3,835,653 thousand.
- The company maintained a strong capital position with a Common Equity Tier 1 Ratio of 10.66% and reported $1.2 billion in total liquidity sources as of September 30, 2025.
- The Nonperforming Loans to Portfolio Loans ratio was 6.74% as of September 30, 2025, which significantly reduces to 0.78% when excluding the largest nonperforming loan relationship.
- The company repurchased 809,601 shares of common stock for $14.0 million under its 2025 program as of September 30, 2025.
Nov 4, 2025, 7:35 PM
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