The massive one-time gain will boost book value and capital, but traders should focus on the sustainable 3.8% core net interest income growth and margin expansion as the true indicator of ongoing performance.
Price Chart
Executive Summary
Carter Bankshares reported a one-time $85.8M net income ($3.88 EPS) in Q1 2026, driven by an $80M gain from selling a nonperforming loan portfolio. Core net interest income grew 3.8% QoQ to $35.9M, with net interest margin expanding 15 bps to 3.07%. Nonperforming loans plunged 90% to $24M, and capital ratios improved significantly.
Key Financial Metrics
Key Facts
- Reported $85.8M net income ($3.88 EPS) vs $8.5M ($0.38) in prior quarter
- Core net interest income grew 3.8% QoQ to $35.9M
- Net interest margin expanded 15 bps to 3.07%
- Sold nonperforming loans for $289.5M, recognizing $80M net gain
- Nonperforming loans dropped 90% to $24M
- Tier 1 capital ratio improved to 13.52% from 10.70%
Financial Impact
$80M net gain from loan sale, $35.9M core net interest income
Risk Factors
- The $80M gain is non-recurring and inflates headline earnings
- Future performance depends on ability to maintain loan growth and margin expansion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829576-26-000036 |
| Document: care-20260423.htm | 0001829576-26-000036 |
| Document: 0001829576-26-000036-index-headers.html | 0001829576-26-000036 |
| Document: 0001829576-26-000036-index.html | 0001829576-26-000036 |
| Document: 0001829576-26-000036.txt | 0001829576-26-000036 |
| 8-K Data (Synthetic) | 0001829576-26-000036 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | SC 13G/A | $30.47 | awaiting T+60 | — | $30.32 (−0.49%) |
Aug 17, 2026 10w ago | 8-K | $31.53 | awaiting T+60 | — | $30.32 (−3.84%) |
Aug 7, 2026 11w ago | Institutional Cluster | $33.00 | awaiting T+60 | — | $30.32 (−8.12%) |
Jul 30, 2026 12w ago | Insider Cluster | $34.13 $30.57 | ▼ −10.43% | ▼ −12.90% | $30.32 (−11.16%) |
Jul 30, 2026 12w ago | Insider Cluster | $34.13 $30.57 | ▼ −10.43% | ▼ −12.90% | $30.32 (−11.16%) |
Jul 27, 2026 13w ago | 8-K | $34.07 $30.18 | ▼ −11.42% | ▼ −15.47% | $30.32 (−11.01%) |
Jul 23, 2026 13w ago | 8-K | $33.90 $30.31 | ▼ −10.59% | ▼ −15.14% | $30.32 (−10.56%) |
Jun 24, 2026 17w ago | 8-K | $32.68 $30.79 | ▼ −5.78% | ▼ −9.51% | $30.32 (−7.22%) |
May 29, 2026 21w ago | 8-K | $27.14 $31.40 | ▲ +15.70% | ▲ +14.46% | $30.32 (+11.72%) |
May 5, 2026 25w ago | Insider Cluster | $26.05 $34.13 | ▲ +31.01% | ▲ +28.27% | $30.32 (+16.39%) |
US Market Status
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