Carter Bankshares, Inc. — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Carter Bankshares reported Q3 2026 net income of $7.8M (adjusted: $7.6M) on $41.2M net interest income. Portfolio loans grew $36M Q/Q to $3.77B; excluding the $209.5M NPL relationship sold in 1Q 2026, organic loan growth was $163.5M YoY (+4.53%). NPLs improved to 0.74% of loans (down from 1.01% Q/Q and 6.74% Y/Y). Capital remained strong: CET1 14.24%, total capital 15.49%, leverage 11.95%. Deposits declined $80.2M Q/Q to $4.12B but remain well-diversified at 79.5% retail. The company reinstated quarterly dividends (April 2026), repurchased $2.2M stock in Q3 (182.7K shares YTD), and expanded into South Carolina.
Why this rating
Solid operational recovery post-1Q NPL sale; improving credit quality, modest organic growth, and dividend reinstatement are positive. However, loan growth modest relative to $3.77B portfolio, net income flat Q/Q, and deposit decline in competitive environment. Not transformational but materially positive trajectory for this $378M market-cap bank.
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