Earnings ·
Carter Bankshares, Inc. reported second quarter 2026 financial results, announcing a quarterly net income of $28.9…
CARECarter Bankshares, Inc.
Carter Bankshares, Inc. reported second quarter 2026 financial results, announcing a quarterly net income of $28.9 million, or $1.31 diluted earnings per share. The company completed a strategic repositioning of its available-for-sale securities portfolio, resulting in a pre-tax loss of $12.5 million. Additionally, the company generated approximately $100.9 million in aggregate nonrecurring gains during the first six months of 2026, Aggregate gains from the sale of Bearing Insurance Group, LLC and a large nonperforming credit relationship in the first quarter 2026. The company operates in the financial services industry and provides commercial and consumer banking services through its subsidiary, Carter Bank.