Carter Bankshares(CARE) - 2025 Q1 - Quarterly Results

Exhibit 99.1 Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results Martinsville, VA, April 24, 2025 – Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first ...