For the quarter ended December 2025, Carter Bankshares, Inc. (CARE) reported revenue of $39.99 million, up 15.2% over the same period last year. EPS came in at $0.41, compared to $0.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $41.02 million, representing a surprise of -2.52%. The company delivered an EPS surprise of +24.24%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +24.24%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.26, delivering a surprise of -33.33%.Over the last four quarters, th ...

Exhibit 99.1 interest income and net interest margin continue to be significantly impacted by the Bank's largest lending relationship remaining on nonaccrual status since the second quarter of 2023; "We are pleased to report continued strong fundamentals and positive trends for the fourth quarter and for the full year 2025. During the quarter, we again realized margin expansion and solid loan growth throughout our footprint. Our annual loan growth of 7.0% reflects good momentum in our commercial lending pla ...

MARTINSVILLE, VA / ACCESS Newswire / January 29, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.5 million, or $0.38 diluted earnings per share ("EPS"), 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 ...

Valuation & Earnings - Pioneer Bancorp reported revenue of $31.81 million and earnings per share (EPS) of $0.80, while Carter Bankshares reported higher revenue of $243.10 million and EPS of $1.36, indicating stronger financial performance for Carter Bankshares [2][3] - Carter Bankshares has a lower price-to-earnings (P/E) ratio of 14.69 compared to Pioneer Bancorp's P/E ratio of 18.39, suggesting that Carter Bankshares is currently more affordable [2][3] Volatility & Risk - Pioneer Bancorp has a beta of 0.45, indicating its stock price is 55% less volatile than the S&P 500, while Carter Bankshares has a beta of 0.62, indicating it is 38% less volatile than the S&P 500 [3] Profitability - Pioneer Bancorp has a net margin of 16.17%, return on equity (ROE) of 6.38%, and return on assets (ROA) of 0.95%. In comparison, Carter Bankshares has a net margin of 12.37%, ROE of 7.65%, and ROA of 0.65% [5] Analyst Recommendations - Carter Bankshares has a consensus price target of $22.00, indicating a potential upside of 10.11%. Analysts view Carter Bankshares more favorably than Pioneer Bancorp, which has no buy ratings [7] Insider & Institutional Ownership - 41.5% of Carter Bankshares shares are held by institutional investors, compared to only 2.5% of Pioneer Bancorp shares held by company insiders, indicating stronger institutional confidence in Carter Bankshares [8] Summary - Carter Bankshares outperforms Pioneer Bancorp in 8 out of 13 factors compared, highlighting its overall stronger position in the market [9]

Financial Performance - As of September 30, 2025, Carter Bankshares, Inc. has total assets of $4.8 billion[152] - Net income for the three months ended September 30, 2025, was $5.4 million, or $0.24 diluted earnings per share, compared to $5.6 million, or $0.24 diluted earnings per share, for the same period in 2024[164] - Net interest income increased by $4.9 million, or 17.1%, to $33.7 million for the three months ended September 30, 2025, compared to $28.8 million for the same period in 2024[162] - Net interest income increased by $10.9 million, or 12.8%, for the nine months ended September 30, 2025, compared to the same period in 2024[171] - Total noninterest income decreased by $0.1 million to $5.4 million for the three months ended September 30, 2025, compared to the same period in 2024[162] - Total noninterest income slightly decreased by $0.1 million for the three months ended September 30, 2025, but increased by $1.2 million, or 7.4%, for the nine months ended September 30, 2025, compared to the same periods in 2024[184] - Total noninterest expense increased by $1.3 million to $28.7 million for the three months ended September 30, 2025, compared to the same period in 2024[162] - Total noninterest expense increased by $1.3 million for the three months ended September 30, 2025, primarily driven by higher professional and legal fees of $0.7 million and occupancy expenses of $0.6 million[186] Loan and Credit Quality - A significant credit relationship was placed on nonaccrual status in Q2 2023, with an aggregate principal balance of $228.6 million as of September 30, 2025[158] - Interest income has been negatively impacted by $6.5 million and $20.0 million for the three and nine months ended September 30, 2025, respectively, due to the nonaccrual loans[158] - The Company is dedicated to resolving nonaccrual loans, primarily related to a single large credit relationship[157] - The financial results are significantly impacted by the aforementioned nonaccrual loans, with a total negative impact of $85.2 million since their placement[158] - Nonperforming loans decreased by $0.7 million to $258.6 million compared to December 31, 2024, with nonperforming loans as a percentage of total portfolio loans at 6.74% compared to 7.15%[162] - The largest nonperforming credit relationship accounted for $228.6 million, or 88.4% of total nonperforming loans as of September 30, 2025[223] - The company closely monitors collateral values and potential recoveries on nonperforming loans, particularly in the hospitality, agriculture, and energy sectors[226] - The company has implemented new underwriting standards to reduce defaults by considering global cash flows and repayment capabilities of borrowers[228] - Loans rated special mention or substandard require management attention to limit potential losses, reflecting the ongoing monitoring of credit quality[218] - The Criticized Asset Committee meets monthly to review high-risk loans, ensuring proactive management of potential losses[214] Deposits and Funding - Total deposits increased by $56.9 million, or 1.8%, on an annualized basis, to $4.2 billion at September 30, 2025, compared to December 31, 2024[168] - Noninterest-bearing demand deposits decreased by $28.2 million to $606.2 million, while interest-bearing demand deposits increased by $82.6 million to $809.5 million, reflecting a shift in customer preferences[239] - Federal Home Loan Bank borrowings increased significantly to $175.5 million as of September 30, 2025, from $70.0 million at December 31, 2024, primarily to support loan growth[242] - The company has identified additional funding sources, including borrowing availability at the FHLB of approximately $1.2 billion, with $544.0 million eligible to borrow as of September 30, 2025[247] - Approximately 81.6% of total deposits were insured under standard FDIC insurance coverage limits as of September 30, 2025, indicating a stable deposit base[240] Capital and Liquidity - The Company's total capital increased by $28.5 million to $412.8 million at September 30, 2025, primarily due to net income of $22.9 million[253] - The Tier 1 capital ratio was 10.66% at September 30, 2025, compared to 10.88% at December 31, 2024[256] - The leverage ratio was 9.41% at September 30, 2025, compared to 9.56% at December 31, 2024[256] - The Bank's total risk-based capital ratio was 11.72% at September 30, 2025, compared to 11.98% at December 31, 2024[257] - The ratio of highly liquid assets to total assets was 9.9% at September 30, 2025, with highly liquid assets totaling $481.0 million[249] - Total available liquidity to uninsured deposits was 157.1% at September 30, 2025[252] - The company’s liquidity management is overseen by the ALCO, which monitors cash flow projections and maintains a contingency funding plan to address potential liquidity stress events[245] Strategic Initiatives - The Company aims to shift from restructuring to a prudent growth strategy, focusing on organic growth and opportunistic acquisitions[156] - The new brand identity was unveiled on October 30, 2024, emphasizing customer and community focus[155] - The Company’s strategic plan includes enhancing brand image and increasing fee income while monitoring operating expenses[156] Interest Rate Sensitivity - As of September 30, 2025, a 200 basis point increase in interest rates is projected to result in a decrease of 1.8% in pretax net interest income, while a 100 basis point increase would lead to a decrease of 0.7%[269] - In a declining interest rate environment, the company expects an increase in net interest income, with a projected increase of 3.3% for a 100 basis point decrease in rates and 6.8% for a 200 basis point decrease[269] - The economic value of equity is projected to decrease by 8.6% with a 200 basis point increase in interest rates as of September 30, 2025, and by 3.4% with a 100 basis point increase[273] - The company's balance sheet is liability sensitive, indicating a small decrease in net interest income in a rising interest rate environment due to its composition and maturity structures[269] - The ALCO has temporarily suspended the analysis for +300 and +400 basis point rate shock scenarios due to the Federal Open Market Committee's recent actions to lower the Fed Funds Target Rate[266]

Core Insights - Carter Bankshares, Inc. reported revenue of $39.25 million for the quarter ended September 2025, marking a year-over-year increase of 14.1% [1] - The earnings per share (EPS) for the same period was $0.26, compared to $0.23 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $39.8 million, resulting in a surprise of -1.38% [1] - The company experienced an EPS surprise of -33.33%, with the consensus EPS estimate being $0.39 [1] Financial Metrics - The efficiency ratio was reported at 73.4%, which is higher than the two-analyst average estimate of 72% [4] - The net interest margin stood at 2.9%, aligning with the average estimate based on two analysts [4] - Total noninterest income was $5.37 million, slightly above the two-analyst average estimate of $5.35 million [4] Stock Performance - Over the past month, shares of Carter Bankshares have returned -3.5%, contrasting with the Zacks S&P 500 composite's +0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Carter Bankshares, Inc. reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.39 per share, but showing an increase from $0.23 per share a year ago, resulting in an earnings surprise of -33.33% [1] - The company posted revenues of $39.25 million for the quarter ended September 2025, which was 1.38% below the Zacks Consensus Estimate and an increase from $34.41 million year-over-year [2] - The stock has gained approximately 7.7% since the beginning of the year, underperforming compared to the S&P 500's gain of 13.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.39 on revenues of $41 million, and for the current fiscal year, it is $1.50 on revenues of $154.8 million [7] - The estimate revisions trend for Carter Bankshares was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Northeast industry, to which Carter Bankshares belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Carter Bankshares, Inc. reported a net income of $5.4 million, or $0.24 diluted EPS, for Q3 2025, a decrease from $8.5 million, or $0.37 diluted EPS, in Q2 2025[1] - Noninterest income for Q3 2025 was $5.4 million, an increase of $0.5 million, or 9.4%, compared to the prior quarter[15] - Net income for the quarter was $5,419 thousand, a decrease of 36.5% from $8,510 thousand in the previous quarter[38] - Adjusted net income for Q3 2025 was $5,711,000, compared to $9,312,000 in Q2 2025 and $5,352,000 in Q3 2024, indicating a decrease of 38.5% quarter-over-quarter but a 6.7% increase year-over-year[45] Loan and Asset Growth - Total portfolio loans increased by $88.5 million, or 9.4%, on an annualized basis, reaching $3.8 billion as of September 30, 2025[6] - The company experienced an annualized loan growth of 9.4%, indicating strong momentum in its commercial lending platform[4] - Total loans increased to $3,836,131 thousand as of September 30, 2025, from $3,747,367 thousand in June 2025, with commercial loans reaching $2,281,219 thousand[41] - Total assets increased to $4,840,119 thousand as of September 30, 2025, up from $4,613,435 thousand a year earlier, representing a growth of 4.9%[37] Credit Quality and Provisions - Nonperforming loans (NPLs) increased by $8.1 million to $258.6 million at September 30, 2025, with NPLs to total portfolio loans at 6.74%[6] - The provision for credit losses was an expense of $2.9 million in Q3 2025, compared to a recovery of $(2.3) million in Q2 2025[10] - The provision for credit losses in Q3 2025 was $2,896,000, compared to a recovery of $(2,330,000) in Q2 2025 and $(432,000) in Q3 2024, reflecting a shift towards increased provisions[43] - Total charge-offs for Q3 2025 amounted to $256,000, significantly lower than $15,448,000 in Q3 2024, indicating improved credit quality[43] Efficiency and Operational Metrics - The efficiency ratio improved to 73.43% in Q3 2025, down from 80.17% in Q3 2024, reflecting better operational efficiency[6] - The adjusted efficiency ratio for Q3 2025 improved to 73.37%, compared to 75.55% in Q2 2025 and 80.65% in Q3 2024, indicating enhanced operational efficiency[46] - The return on average assets (QTD annualized) decreased to 0.45% from 0.72% in the previous quarter[37] Deposits and Capital - Total deposits decreased by $11.9 million to $4.2 billion as of September 30, 2025, during the seasonally slow third quarter[23] - The Company's Tier 1 Capital ratio was 10.66% at September 30, 2025, down from 10.87% at June 30, 2025[25] - Approximately 81.6% of total deposits were insured under standard FDIC insurance coverage limits as of September 30, 2025[24] Shareholder Actions - The Company repurchased 262,269 shares of common stock at a total cost of $4.9 million during the three months ended September 30, 2025[26] Interest Income and Margin - Net interest income for Q3 2025 was $33.7 million, an increase of $1.4 million, or 4.2%, from the prior quarter, and an increase of $4.9 million, or 17.1%, from Q3 2024[6] - The net interest margin (GAAP) for Q3 2025 was 2.86%, compared to 2.80% in Q2 2025 and 2.58% in Q3 2024, reflecting improved profitability on interest-earning assets[45] - Year-to-date net interest income for the nine months ended September 30, 2025 was $96,728 thousand, with a net interest margin of 2.80%[40]

Core Insights - BIRKENSTOCK has launched a new body care range under its CARE ESSENTIALS line, expanding its focus from foot care to full-body care with products made from 100% natural origin ingredients [1][2][3] Product Overview - The new body care range includes four products designed for daily use, featuring a Hand and Body Wash and Lotion, available in Relaxing and Balancing formulations [6] - All products are vegan-certified, COSMOS-Natural-certified, and made in Germany, emphasizing the brand's commitment to quality and sustainability [2][5][6] Brand Philosophy - BIRKENSTOCK's expansion into body care aligns with its holistic approach to natural care, combining functionality with sensory experience [2][3] - The brand aims to empower consumers to care for their bodies as nature intended, reflecting its core values of function, quality, and tradition [4][7] Sustainability Efforts - The packaging for the new body care products is designed with sustainability in mind, utilizing post-consumer recycled materials and FSC-certified components [8] - The company emphasizes its commitment to environmentally friendly practices in both product formulation and packaging [8][12]