Carter Bankshares

Q2 FY2026 EarningsQ2 FY2026 net income was $28.9M ($1.31 diluted EPS), significantly impacted by a $35.9M pre-tax gain from the sale of an insurance subsidiary and a $12.5M loss from a strategic securities portfolio repositioning. Net interest income rose 23.5% YoY to $40.0M, with NIM expanding 58bps YoY to 3.38% due to lower funding costs and asset yield improvements. Adjusted net income reached $11.6M, up 24.7% YoY, while nonperforming loans increased slightly QoQ to 1.01% following the major Q1 nonperforming loan sale.