Welcome to our dedicated page for Carter Bankshares SEC filings (Ticker: CARE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission (SEC) filings for Carter Bankshares, Inc. (NASDAQ: CARE), the Virginia‑incorporated bank holding company for Carter Bank. Through these filings, investors can review the company’s formal disclosures on financial condition, capital, asset quality, risk factors and corporate actions.
Carter Bankshares, Inc. uses Form 8‑K to report material events, including quarterly and annual earnings releases, investor presentations, regulatory developments and other significant updates. For example, 8‑K filings reference press releases announcing financial results for periods such as the three and nine months ended September 30, 2025, as well as the year ended December 31, 2024. Other 8‑K filings furnish investor presentations dated as of quarter‑end and describe regulatory milestones, such as Carter Bank’s approval to become a state member bank of the Federal Reserve System.
Annual reports on Form 10‑K and quarterly reports on Form 10‑Q (accessible via the SEC’s EDGAR system) contain detailed information on loan and deposit portfolios, net interest income, noninterest income and expense, nonperforming loans, allowance for credit losses and the large credit relationship in the "Other" segment of the loan portfolio. These reports also include risk factor discussions and management’s analysis of the impact of nonaccrual loans related to the Justice Entities.
Investors can also review filings related to capital and governance, such as disclosures about stock repurchase programs, financial holding company status and regulatory oversight. Forms reporting executive or director share transactions (such as Form 4, when available) help track insider trading activity in CARE common stock.
Stock Titan’s platform enhances these filings with AI‑powered summaries that highlight key points from lengthy documents, explain technical terms and surface items such as changes in credit quality, capital ratios, branch transactions and regulatory developments. Real‑time updates from EDGAR ensure that new 10‑K, 10‑Q, 8‑K and other filings for Carter Bankshares, Inc. are available promptly, while AI insights help readers focus on the most important disclosures without manually parsing every page.
Carter Bankshares, Inc., a Martinsville, Virginia-based financial holding company with $4.9 billion in assets at December 31, 2025, operates 64 branches in Virginia and North Carolina through Carter Bank & Trust. The company earns most of its revenue from interest on loans and securities, supplemented by fees from a broad mix of commercial and consumer banking products and extensive digital services.
During 2025 it completed the purchase of two North Carolina branches, adding $55.9 million in deposits, and elected financial holding company status while the bank joined the Federal Reserve System. Human capital remains a focus, with 687 full-time associates, a 15.1% voluntary turnover rate, structured training and leadership programs, and stock awards for high performers.
The filing emphasizes significant credit and concentration risk. Nonperforming loans total $244.0 million, or 6.29% of the loan portfolio, dominated by a single large relationship with Justice-affiliated entities totaling $214.0 million, representing 87.7% of nonperforming assets and 5.5% of total loans. These loans are on nonaccrual, causing approximately $91.2 million of foregone interest and higher FDIC insurance assessments. The bank also holds substantial commercial real estate exposure, with CRE (excluding construction) of about $2.2 billion (57.1% of loans), hospitality loans of $373.5 million (9.6%), and CRE construction loans of $481.8 million (12.4%), which regulators may scrutinize closely.
Carter Bankshares, Inc. executive Tony E. Kallsen, SEVP and Chief Credit Officer, reported multiple common stock transactions. On February 25, 2026, he acquired 2,023 shares and 2,335 shares of common stock at $0.00 per share through grant or award transactions, increasing his direct holdings after each grant. Footnotes describe these as restricted stock awards with three-year vesting, including both annual vesting and three-year cliff vesting structures. On February 14, 2026, 351 shares were disposed of at $22.01 per share to cover tax obligations by delivering shares, a tax-withholding disposition rather than an open-market sale.
Carter Bankshares, Inc. senior executive VP and CFO Wendy S. Bell reported equity awards and a tax-related share disposition. On February 25, 2026, she acquired 2,513 and 3,292 common shares at no cost as restricted stock awards, with one grant vesting over three years in equal thirds and the other after three years in a single tranche. On February 14, 2026, 554 shares were disposed of at $22.01 per share to cover tax obligations by delivering stock, leaving direct holdings of 34,853 shares after that transaction and 40,658 shares after the subsequent grants.
Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, reported two stock transactions involving the company’s common stock. She acquired 1,230 shares as a grant or award at $0.00 per share, described as restricted stock awards with three-year vesting in equal annual thirds. She also disposed of 291 shares at $22.01 per share to cover tax obligations through share withholding rather than an open-market sale. Following these transactions, she held 12,739 common shares directly.
Carter Bankshares, Inc. reported that President and Chief Strategy Officer Bradford N. Langs received equity compensation in the form of restricted stock awards and had a small share disposition for tax purposes. On February 25, 2026, he acquired 3,689 shares of common stock as a restricted stock award with three-year vesting at one-third per year, and an additional 4,428 shares as a restricted stock award with three-year cliff vesting. On February 14, 2026, 781 shares of common stock were disposed of at $22.01 per share to satisfy tax withholding obligations, rather than an open-market sale.
Carter Bankshares, Inc. director and CEO Van Dyke Litz reported stock-based compensation and a tax-related share disposition. On February 25, 2026, he acquired 4,870 and 7,198 shares of common stock at $0.00 per share as restricted stock awards, with three-year vesting structures (one vests 1/3 each year, the other after three years). On February 14, 2026, 1,158 shares were disposed of at $22.01 per share to cover tax obligations. Following one of the awards, his direct holdings were reported as 68,286 common shares.
Adams Arthur Loran reported acquisition or exercise transactions in this Form 4 filing.
Carter Bankshares, Inc. executive vice president Arthur Loran Adams received a grant of 1,002 shares of common stock as a restricted stock award with three-year vesting in equal annual installments. Following this award, he directly owns 11,412 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. reported that Senior Executive Vice President and Chief Operating Officer Matthew M. Speare acquired common stock through two restricted stock awards on February 25, 2026. He received 2,220 shares and an additional 3,075 shares at no purchase price. After these awards, his directly owned common stock holdings increased to 27,204 shares. One grant consists of restricted stock that vests over three years at one-third each year, while the other is restricted stock that vests on a three-year cliff schedule.
Fourthstone LLC and affiliated funds report beneficial ownership of 1,236,393 shares of Carter Bankshares, Inc. common stock, representing 5.60% of the class as of the reporting date.
The stake is held by Fourthstone as a registered investment adviser on behalf of advisory clients and, together with related entities and L. Phillip Stone IV, is certified as being acquired and held in the ordinary course of business, not for changing or influencing control. The percentage is based on 22,087,044 shares outstanding as of October 29, 2025, as disclosed in Carter Bankshares’ Form 10-Q.
Carter Bankshares director Elizabeth L. Walsh reported an insider transaction involving the company’s common stock. On 01/30/2026, she gifted 900 shares of Carter Bankshares common stock to her mother, a transfer reported at a price of $0 per share, which is typical for a gift.
After this transaction, Walsh directly owned 54,178 shares of Carter Bankshares common stock. She also reported indirect ownership positions, including 4,769 shares held by Carriage Square, 367,771 shares held by EASG, LLC, and 16,000 shares held by Lester Family Holdings. The filing reflects a change in how a portion of her holdings is allocated within her family, rather than a market sale for cash.