Earnings ·
Carter Bankshares, Inc. released its second quarter 2026 investor presentation, highlighting a net income of $28.9…
CARECarter Bankshares, Inc.
Carter Bankshares, Inc. released its second quarter 2026 investor presentation, highlighting a net income of $28.9 million for the period. The company executed a strategic repositioning of its available-for-sale securities portfolio, replacing $139.4 million of assets yielding 2.28% with $88.5 million of new investments yielding 5.27%. Total assets reached $4.8 billion with $3.7 billion in loans and $4.2 billion in deposits as of June 30, 2026. The company also noted the successful resolution of its largest nonperforming loan relationship in the first quarter of 2026. Carter Bankshares, Inc. is a financial services company that operates as a regional community bank providing commercial and retail banking services.