Carter Bankshares reported third-quarter 2026 net income of $7.8 million, or $0.35 diluted earnings per share, compared to $28.9 million in the prior quarter and $5.4 million a year ago. Net interest income rose 22.3% year-over-year to $41.2 million as the net interest margin expanded 65 basis points to 3.51%. The company also announced the establishment of a Dividend Reinvestment and Stock Purchase Plan offering up to 1.0 million shares, and launched a dedicated Small Business Administration lending team. Carter Bankshares operates as a commercial banking holding company with $4.7 billion in assets across Virginia and North Carolina.
