CAREMEDIUM SIGNALFINANCIAL10-K

Carter Bankshares reported solid earnings growth and reduced its share count while expanding its forward-looking statement disclosures.

The company's net income grew meaningfully alongside higher cash reserves, suggesting improved operational performance in the banking sector. The reduction in outstanding shares from 23.1 million to 22.2 million indicates potential share repurchase activity, which could enhance earnings per share metrics for remaining shareholders.

Comparing 2026-03-05 vs 2025-03-07View on EDGAR →
FINANCIAL ANALYSIS

Carter Bankshares demonstrated solid financial performance with net income advancing 27.9% to $31.4 million while cash and equivalents expanded to $277.8 million. The combination of earnings growth and higher cash levels suggests the regional bank is generating strong operating cash flows and maintaining adequate liquidity. Overall, the financial picture reflects a strengthening position for this mid-sized banking institution.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+27.9%
$24.5M→$31.4M

Net income grew 27.9% — bottom-line growth signals improving overall business health.

Cash & Equivalents
Balance Sheet
+14.8%
$241.9M→$277.8M

Cash grew 14.8% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-07
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.
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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.
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