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Carter Bankshares, Inc. Releases Q3 2025 Financial Highlights
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Carter Bankshares, Inc. reported its Q3 2025 financial highlights on November 4, 2025. Key points include a 6.77% year-to-date loan production, $450M in construction loans, a 3.1% increase in deposits from Q3 2024, and a $4.9M rise in net interest income year-over-year. The bank's assets reached $4.8B, with 78.2% of deposits from retail customers. The company is also expanding strategically in North and South Carolina with new executive hires.
On November 4, 2025, Carter Bankshares, Inc. released its financial highlights for the third quarter of 2025, showcasing significant growth and strategic initiatives.
Key Highlights:
- Loan production funded at 6.77% YTD, with $450M in construction loans over 12-18 months.
- Deposits grew by 3.1% compared to Q3 2024, indicating strong liquidity.
- Net interest income increased by $4.9M year-over-year, reflecting improved financial performance.
- Assets reached $4.8B, with a diversified and granular deposit base of 78.2% retail customers.
- Strategic expansion in North and South Carolina with new market executive hires.
Original SEC Filing: Carter Bankshares, Inc. [ CARE ] - 8-K - Nov. 04, 2025
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