3Q2024: Carter Bankshores reports $5.6M net income, nonperforming loans down, lawsuit dismissed.
Carter Bankshares Inc. reported a third-quarter 2024 net income of $5.6 million ($0.24 EPS), an increase from $4.8 million ($0.21 EPS) in the previous quarter and $3.6 million ($0.16 EPS) a year prior. Nonperforming loans fell by $12.5 million to $287.7 million. The bank also achieved a dismissal of a lawsuit from GLAS Trust Company, preventing future claims against it. Year-to-date, net income totaled $16.2 million compared to $25.3 million in 2023.
October 24, 2024
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