Carter Bankshares Q2 FY26 net income drops 66.31% to $28.9 million vs Q1 FY26; net interest income rises 11.2% to $40 million vs Q1 FY26 - CARE News | Rallies
Carter Bankshares Q2 FY26 net income drops 66.31% to $28.9 million vs Q1 FY26; net interest income rises 11.2% to $40 million vs Q1 FY26 C CARE • 2026-07-23 Quarterly results and margin expansion
Carter Bankshares posts Q2 net income of USD 28.9 million, or USD 1.31 a share, down from USD 85.8 million in Q1.
Net interest income rises 11.2% from the prior quarter to USD 40 million; net interest margin widens 0.31 percentage point to 3.38%.
Noninterest income falls to USD 28.7 million from USD 71 million, reflecting a USD 35.9 million pre-tax gain from the Bearing Insurance stake sale.
Portfolio repositioning triggers a USD 12.5 million pre-tax securities loss; USD 139.4 million sold at 2.28% yield, USD 88.5 million bought at 5.27%.
CEO Litz H. Van Dyke cites margin expansion, loan growth momentum, and expects redeploying remaining proceeds toward organic loan growth in 2026.
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2026-07-23
CARE•
