Carter Bankshares(CARE) - 2024 Q3 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – October 24, 2024 Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results Martinsville, VA, October 24, 2024 – Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.6 million, or$0.24 diluted earnings per share ("EPS"), for the third quarter of 2024 compared to net income of $4.8 million, or$0.21 diluted EPS, for the second quarter of 2024 and net income of ...