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Carter Bankshares Q1 FY26 net income rises to $85.76 million; noninterest income climbs to $70.97 million

PUBT·05/04/2026 13:58:53
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Carter Bankshares Q1 FY26 net income rises to $85.76 million; noninterest income climbs to $70.97 million
  • Carter Bankshares posted net income of USD 85.76 million in 1Q 2026, up from USD 8.48 million in 4Q 2025 and USD 8.95 million in 1Q 2025, with diluted EPS rising to USD 3.88 from USD 0.38 in 4Q 2025.
  • Noninterest income climbed to USD 70.97 million from USD 5.23 million in 4Q 2025, while net interest income increased to USD 35.93 million from USD 34.6 million.
  • Gross loans fell to USD 3.73 billion from USD 3.88 billion in 4Q 2025, while deposits edged up to USD 4.24 billion from USD 4.21 billion.
  • Legacy nonperforming loan sale executed March 26, 2026, with USD 209.48 million note book balance and USD 289.48 million total consideration received, driving a USD 65 million premium and USD 80 million gain on sale and recovery.
  • Board reinstated quarterly cash dividend on April 22, 2026, while CET1 stood at 13.52% and total available liquidity totaled USD 1.56 billion at March 31, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter Bankshares Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.