Carter Bankshares Reports Q3 Net Income of $5.4 Million on $33.7 Million Net Interest Income
Carter Bankshares Inc. reported a Q3 2025 net income of $5.4 million, down from $8.5 million in Q2 2025 and $5.6 million in Q3 2024. Net interest income rose to $33.7 million from $32.4 million in the previous quarter. For the nine months ending September 30, 2025, net income was $22.9 million, up from $16.2 million in 2024. The results were impacted by loans associated with James C. Justice, II, totaling $228.6 million, which negatively affected interest income by $6.5 million in Q3 2025.
Carter Bankshares Inc. reported net income of $5.4 million for the third quarter of 2025, compared to $8.5 million in the second quarter of 2025 and $5.6 million in the third quarter of 2024. Net interest income was $33.7 million, up from $32.4 million in the previous quarter and $28.8 million in the same period last year. Pre-tax pre-provision income reached $10.4 million in the third quarter of 2025, compared to $8.0 million in the second quarter of 2025 and $6.8 million in the third quarter of 2024. For the nine months ended September 30, 2025, net income was $22.9 million, compared to $16.2 million for the same period in 2024. Net interest income for the first nine months of 2025 totaled $96.2 million, up from $85.3 million in the previous year. Pre-tax pre-provision income was $27.3 million for the nine months ended September 30, 2025, compared to $20.2 million for the same period in 2024. The company’s financial results were affected by loans related to entities associated with James C. Justice, II, with an aggregate principal balance of $228.6 million as of September 30, 2025. Interest income was negatively impacted by $6.5 million in the third quarter of 2025, $6.7 million in the second quarter of 2025, and $8.8 million in the third quarter of 2024 due to these loans being on nonaccrual status. Since the second quarter of 2023, interest income has been negatively impacted by $85.2 million in the aggregate related to these credits. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter Bankshares Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1090613) on October 23, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
