Carter Bankshares(CARE) - 2024 Q2 - Quarterly Results
Exhibit 99.1 Financial Highlights for the Three and Six Months Ended June 30, 2024 • Total deposits increased 301.2 million, or 8.4%, compared to June 30, 2023; • The efficiency ratio was 81.62%, 78.46% and 80.46% for the quarters ended June 30, 2024, March 31, 2024 and June 30, 2023, respectively. The efficiency ratio was impacted primarily by the Bank's largest lending relationship that was placed in nonaccrual status ...