Carter Bankshares, Inc.

For the period ended Dec 31, 2025. Filed Mar 5, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 5, 2026

CARE$29.48+0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

	Years Ended December 31,
(Dollars in Thousands Except per Share Data)	2025	2024	2023
INTEREST INCOME
Loans, including fees
Taxable	$199,986	$186,001	$159,317
Non-Taxable	2,259	2,648	3,143
Investment Securities
Taxable	26,288	29,510	30,804
Non-Taxable	265	269	634
Federal Reserve Bank Excess Reserves	2,540	2,204	1,002
Interest on Bank Deposits	268	85	64
Dividend Income	616	1,012	1,456
Total Interest Income	232,222	221,729	196,420
Interest Expense
Interest Expense on Deposits	96,184	95,431	52,628
Interest Expense on Federal Funds Purchased	—	—	368
Interest on Other Borrowings	5,218	11,841	21,114
Total Interest Expense	101,402	107,272	74,110
NET INTEREST INCOME	130,820	114,457	122,310
(Recovery) Provision for Credit Losses	(3,637)	(5,039)	5,500
(Recovery) Provision for Unfunded Commitments	(194)	(7)	901
Net Interest Income After (Recovery) Provision for Credit Losses	134,651	119,503	115,909
NONINTEREST INCOME
Gains (Losses) on Sales of Securities, net	46	68	(1,521)
Service Charges, Commissions and Fees	7,312	7,393	7,155
Debit Card Interchange Fees	7,935	7,843	7,828
Insurance Commissions	2,728	3,685	1,945
Bank Owned Life Insurance Income	1,511	1,473	1,381
Commercial Loan Swap Fee Income	—	—	139
Other	2,872	906	1,351
Total Noninterest Income	22,404	21,368	18,278
NONINTEREST EXPENSE
Salaries and Employee Benefits	57,743	57,908	55,856
Occupancy Expense, net	17,620	15,608	14,028
FDIC Insurance Expense	5,843	6,200	4,904
Other Taxes	3,612	3,559	3,292
Advertising Expense	3,171	2,540	1,693
Telephone Expense	1,216	1,393	1,842
Professional and Legal Fees	6,877	5,675	6,210
Data Processing	5,698	4,919	3,920
Debit Card Expense	4,192	3,423	2,875
Other	11,082	8,777	10,846
Total Noninterest Expense	117,054	110,002	105,466
Income Before Income Taxes	40,001	30,869	28,721
Income Tax Provision	8,639	6,346	5,337
Net Income	$31,362	$24,523	$23,384
Earnings per Common Share:
Basic Earnings per Common Share	$1.38	$1.06	$1.00
Diluted Earnings per Common Share	$1.38	$1.06	$1.00
Average Shares Outstanding-Basic	22,456,705	22,817,149	23,240,543
Average Shares Outstanding-Diluted	22,456,705	22,817,149	23,240,543

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.