ADDED
There were 22,164,453 shares of common stock of Carter Bankshares, Inc.
Forward-looking statements may include statements relating to our financial condition, market conditions, results of operations, plans, including our strategic plan, brand strategy, and guiding principles and the anticipated results of the foregoing, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, loan pipeline and nonaccrual and nonperforming loans ( NPL ).
Although the Company believes the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect.
Actual results may differ significantly from those expressed in or implied by these forward-looking statements.
government and the related impacts on economic conditions and financial markets, and changes in policies of the Federal Reserve, FDIC and U.S.
Many of these factors, as well as other factors, are described throughout this Annual Report on Form 10-K, including Part I, Item 1A.
Risk Factors and any of our subsequent filings with the Securities and Exchange Commission ( SEC ).
Any forward-looking statement speaks only as to the date on which it is made, and the Company undertakes no obligation to update, revise or clarify any forward-looking statement to reflect developments occurring after the statement is made, except as required by law.
For a more complete discussion of these risk factors, see Part I, Item 1A.
Risks Related to Credit Nonperforming assets can take significant time to resolve and may adversely affect the Company s results of operations and financial condition, and could result in additional losses in future periods.
REMOVED
There were 23,130,924 shares of common stock of Carter Bankshares, Inc.
Forward-looking statements include statements that relate to our financial condition, market conditions, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality and nonaccrual and nonperforming loans.
Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect.
Many of these factors, as well as other factors, are described throughout this Annual Report on Form 10-K, including Part I, Item 1A, Risk Factors and any of our subsequent filings with the Securities and Exchange Commission ( SEC ).
Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update, revise or clarify any forward-looking statement to reflect developments occurring after the statement is made.
(the Company ) is a holding company headquartered in Martinsville, Virginia with assets of $4.7 billion at December 31, 2024.
The Bank is an Federal Deposit Insurance Corporation ( FDIC ) insured, Virginia state-chartered commercial bank which operates 65 branches in Virginia and North Carolina.
The Bank provides a full range of retail and commercial financial products and services and insurance products.
The ten merged banks and their respective main office locations were Blue Ridge Bank, N.A.
(Fredericksburg, Virginia); Peoples National Bank (Danville, Virginia); and Shenandoah National Bank (Staunton, Virginia).