Carter Bankshares | 10-Q: FY2025 Q3 Revenue: USD 64.54 M

Revenue: As of FY2025 Q3, the actual value is USD 64.54 M.

EPS: As of FY2025 Q3, the actual value is USD 0.24, missing the estimate of USD 0.43.

EBIT: As of FY2025 Q3, the actual value is USD -23.33 M.

Financial Metrics by Segment

Commercial Real Estate

• Performing Loans: $2,039,057 thousand as of September 30, 2025.
• Nonperforming Loans: $24,124 thousand as of September 30, 2025.
• Total Loans: $2,063,181 thousand as of September 30, 2025.
• Allowance for Credit Losses: $20,723 thousand at the beginning of the period, with a provision of $1,524 thousand for the three months ended September 30, 2025.

Commercial and Industrial

• Performing Loans: $216,966 thousand as of September 30, 2025.
• Nonperforming Loans: $1,072 thousand as of September 30, 2025.
• Total Loans: $218,038 thousand as of September 30, 2025.
• Allowance for Credit Losses: $2,722 thousand at the beginning of the period, with a recovery of $92 thousand for the three months ended September 30, 2025.

Residential Mortgages

• Performing Loans: $822,122 thousand as of September 30, 2025.
• Nonperforming Loans: $4,822 thousand as of September 30, 2025.
• Total Loans: $826,944 thousand as of September 30, 2025.
• Allowance for Credit Losses: $11,143 thousand at the beginning of the period, with a provision of $1,373 thousand for the three months ended September 30, 2025.

Other Consumer

• Performing Loans: $29,051 thousand as of September 30, 2025.
• Nonperforming Loans: $26 thousand as of September 30, 2025.
• Total Loans: $29,077 thousand as of September 30, 2025.
• Allowance for Credit Losses: $668 thousand at the beginning of the period.

Construction

• Performing Loans: $466,662 thousand as of September 30, 2025.
• Nonperforming Loans: $39 thousand as of September 30, 2025.
• Total Loans: $466,701 thousand as of September 30, 2025.
• Allowance for Credit Losses: $11,764 thousand at the beginning of the period.

Other

• Performing Loans: $3,158 thousand as of September 30, 2025.
• Nonperforming Loans: $228,554 thousand as of September 30, 2025.
• Total Loans: $231,712 thousand as of September 30, 2025.
• Allowance for Credit Losses: $24,003 thousand at the beginning of the period.

Future Outlook and Strategy

• Core Business Focus: The company aims to maintain a strong focus on managing credit quality and mitigating risks associated with nonperforming loans. The provision for credit losses reflects the company’s proactive approach to maintaining a healthy loan portfolio.
• Non-Core Business: The company continues to monitor and manage its largest credit relationship, which remains nonperforming with an aggregate principal balance of $228.6 million as of September 30, 2025.