Carter Bankshares, Inc. (NASDAQ:CARE) shares improved soon after Thursday’s opening bell. The holding company of Carter Bank, based out of Martinsville, Va., today announced quarterly net income of $8.5 million, or $0.38 diluted earnings per share for the fourth quarter of 2025 compared to net income of $5.4 million, or $0.24 diluted EPS, for the third quarter of 2025 and net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024.
Net interest income was $34.6 million for the fourth quarter of 2025, $33.7 million for the third quarter of 2025, and $29.1 million for the fourth quarter of 2024. Pre-tax pre-provision income was $8.8 million for the fourth quarter of 2025, $10.4 million for the third quarter of 2025 and $5.7 million for the fourth quarter of 2024.
For the year ended December 31, 2025, net income was $31.4 million, or $1.38 diluted EPS, compared to net income of $24.5 million, or $1.06 diluted EPS for the year ended December 31, 2024.
Net interest income was $130.8 million for the year ended December 31, 2025, and $114.5 million for the year ended December 31, 2024. Pre-tax pre-provision income1 was $36.2 million and $25.8 million for the years ended December 31, 2025 and 2024, respectively.
CARE shares took in 33 cents, or 1.7%, to $20.25.
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