CARTER BANKSHARES, INC. (CARE) reported strong profitability for the nine months ended September 30, 2025 (Q3 2025), filing an unaudited 10-Q certified by management.
Financial Performance (9 Months YTD): Net Income surged to \(22.9 Million (vs. \)16.2M in 2024), driving Diluted EPS to \(1.00 (vs. \)0.70). Net Interest Income increased 12.6% to \(96.7 Million due to loan growth and lower funding costs. However, Q3 results showed a quarterly net income decline (\)5.42M vs. \(5.63M in 2024) due to a \)2.90 Million Provision for Credit Losses recognized in the quarter, contrasting with a net $1.5 Mi
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