Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan

Rhea-AI Summary

Carter Bankshares (NASDAQ:CARE) has established a Dividend Reinvestment and Stock Purchase Plan offering up to 1,000,000 shares of common stock to existing shareholders. The Plan lets participants buy additional shares via dividend reinvestment and optional cash payments, starting with dividends declared and paid after August 24, 2026.

Positive

• Up to 1,000,000 shares available for purchase to existing shareholders under the new plan
• Plan allows dividend reinvestment and additional cash purchases, giving shareholders flexible ways to increase holdings

Negative

• Issuance of up to 1,000,000 new shares under the plan could dilute existing ownership percentages

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MARTINSVILLE, VA / ACCESS Newswire / August 11, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced the establishment of its Dividend Reinvestment and Stock Purchase Plan (the "Plan"). The Company will offer up to 1,000,000 shares of common stock to existing shareholders of the Company for purchase under the Plan. The Plan provides enrolled participants with the opportunity to purchase additional shares of common stock through the reinvestment of dividends and through additional cash purchases.

Shareholders may enroll in the Plan at any time, although dividend reinvestments will not begin until the first dividend, if any, declared and paid after August 24, 2026. The dividend declared by the Company on July 22, 2026 and payable on August 24, 2026 to shareholders of record on August 10, 2026, is not eligible for reinvestment under the Plan.

The Plan will be administered by Computershare Trust Company, N.A., the Company's transfer agent ("Computershare"). Shareholders may obtain a copy of the Plan prospectus and enrollment form by contacting Computershare toll-free at 800-736-3001 or visiting the Computershare website at www.computershare.com/investor.

About Carter Bankshares, Inc.

Headquartered in Martinsville, VA, Carter Bankshares, Inc. (NASDAQ:CARE) provides a full range of commercial banking, consumer banking, mortgage and other services through its subsidiary Carter Bank. The Company has $4.8 billion in assets and 63 branches in Virginia and North Carolina as of June 30, 2026. For more information or to open an account visit carterbank.com.

Contact:

Brooks Taylor
VP, Corporate Communications Officer
Brooks.Taylor@carterbank.com
276-806-5445

SOURCE: Carter Bankshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What did Carter Bankshares (NASDAQ:CARE) announce on August 11, 2026?

Carter Bankshares announced a new Dividend Reinvestment and Stock Purchase Plan for existing shareholders. According to Carter Bankshares, the plan offers up to 1,000,000 shares of common stock for purchase through dividend reinvestment and additional cash payments, starting after August 24, 2026.

How many shares are available under the Carter Bankshares (CARE) Dividend Reinvestment and Stock Purchase Plan?

The plan offers up to 1,000,000 shares of Carter Bankshares common stock. According to Carter Bankshares, these shares are available only to existing shareholders for purchase through automatic dividend reinvestment and optional cash contributions under the newly established plan.

When does dividend reinvestment begin under Carter Bankshares’ new plan for CARE shareholders?

Dividend reinvestment will begin with the first dividend declared and paid after August 24, 2026. According to Carter Bankshares, the dividend declared July 22, 2026 and payable August 24, 2026 is not eligible for reinvestment under the Dividend Reinvestment and Stock Purchase Plan.

Who can participate in Carter Bankshares’ Dividend Reinvestment and Stock Purchase Plan (NASDAQ:CARE)?

Participation is limited to existing shareholders of Carter Bankshares common stock. According to Carter Bankshares, enrolled shareholders may use reinvested dividends and additional cash purchases to acquire more CARE shares, subject to the overall plan limit of 1,000,000 shares.

How can CARE shareholders enroll in Carter Bankshares’ Dividend Reinvestment and Stock Purchase Plan?

Shareholders may enroll at any time through Computershare Trust Company, the plan administrator. According to Carter Bankshares, investors can obtain the prospectus and enrollment form by calling Computershare toll-free at 800-736-3001 or visiting www.computershare.com/investor.

Does Carter Bankshares’ new plan allow additional cash purchases of CARE stock?

Yes, the plan allows additional cash purchases of Carter Bankshares common stock. According to Carter Bankshares, enrolled shareholders can buy more CARE shares both by reinvesting dividends and by making optional cash payments, within the overall limit of 1,000,000 shares offered.