Carter Bankshares Shows Resilience Amid Market Challenges Carter Bankshares, Inc. has demonstrated resilience with a year-over-year increase in net income, reaching $24.52 million in 2024. However, challenges persist, including high non-performing loans and a recent shift in its mortgage division strategy. The company’s deposits of $4.2 billion comfortably exceed its $3.5 billion in loans, showcasing a strong balance sheet.12