Carter Bankshares, Inc. — Form 8-K

Carter Bankshares reported Q3 2026 net income of $7.8M ($0.35 diluted EPS), down 73% from Q2's $28.9M ($1.31 EPS), primarily due to absence of nonrecurring gains. Year-to-date net income was $122.4M ($5.53 EPS) vs. $22.9M ($1.00 EPS) in 2025—driven by $65.0M gain on loan sale (Q1) and $35.9M gain on insurance sale (Q2). Core operations showed strength: net interest margin expanded 65 bps YoY to 3.51%; loan portfolio grew $36M despite $161M payoffs; nonperforming loans fell 89% to $27.9M from $258.6M prior year (aided by $209.5M NPL sale). Company repurchased 182,752 shares YTD for $5.1M; maintains strong capital ratios (Tier 1: 14.24%, Total Risk-Based: 15.49%). No counterparty details specified; transactions completed in H1 2026.