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    CARE — Carter Bankshares News Story

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    Brief: Carter Bankshares Q2 EPS USD 0.37

    Picture of Carter Bankshares logoCarter Bankshares
    24/07/2025 13:00
    Overview

Carter Bankshares Q2 net income rises to $8.5 mln, beating analyst expectations

Diluted EPS for Q2 exceeds estimates at $0.37, per LSEG data

Co completes acquisition of two branches, adding $55.9 mln in deposits

Outlook

Company expects loan growth from commercial lending and construction projects

Carter Bankshares anticipates benefits from potential Fed rate cuts

Company sees modest deposit growth with declining costs

Result Drivers

LOAN GROWTH - Annualized loan growth of 6.5% driven by commercial lending platform expansion

DEPOSIT INCREASE - Acquisition of two branches added $55.9 mln in deposits

NONACCRUAL IMPACT - Largest lending relationship on nonaccrual status negatively impacted interest income

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q2 EPSBeat$0.37$0.32 (3 Analysts)
    Q2 Net IncomeBeat$8.51 mln$7.69 mln (2 Analysts)
    Q2 Net Interest Income$32.36 mln
    Q2 Pretax ProfitBeat$10.63 mln$7.38 mln (2 Analysts)
    Q2 Basic EPS$0.37
    

Press Release: ID:nACSjYFKza

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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