Carter Bankshares, Inc. (CARE) SEC Filings

Carter Bankshares, Inc. (CARE) director Catharine L. Midkiff reported selling 1,000 shares of common stock on September 11, 2026 in a sale described as an open market or private transaction at $31.25 per share. After this sale, she reported 16,856 shares held directly and 1,200 shares held indirectly by her spouse. No Rule 10b5-1 trading plan is reported.

Carter Bankshares, Inc. and its wholly owned subsidiary Carter Bank & Trust announced that a lawsuit in the Circuit Court of Greenbrier County, West Virginia brought by James C. Justice, II, members of his family, and related entities has been voluntarily dismissed with prejudice as of August 17, 2026.

“With prejudice” means the dismissal is final as to those claims in that court. The disclosure does not describe the underlying allegations or any financial terms, focusing solely on the procedural resolution of the case.

Carter Bankshares, Inc. received an amended Schedule 13G/A from Fourthstone LLC and related entities reporting a very small position in the company’s common stock. Fourthstone, an investment adviser, holds 100 shares on behalf of advisory clients, representing 0.00% of the 22,222,010 shares of common stock outstanding as of May 1, 2026. The reporting group states that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Carter Bankshares, and that they own 5% or less of the class.

Carter Bankshares, Inc. established a new Dividend Reinvestment and Stock Purchase Plan for existing shareholders. The company may offer up to 1,000,000 shares of common stock, par value $1.00 per share, for purchase under the plan. Participants can acquire additional shares through both dividend reinvestment and optional cash purchases, with Computershare Trust Company, N.A. serving as plan administrator. Dividend reinvestments will begin with the first dividend, if any, declared and paid after August 24, 2026; the dividend declared on July 22, 2026 and payable on August 24, 2026 is excluded. The company filed a Form S-3D registration statement for these shares, effective August 11, 2026. Carter Bankshares reports $4.8 billion in assets and 63 branches in Virginia and North Carolina as of June 30, 2026.

Carter Bankshares, Inc. reported net income of $28,911 thousand for the quarter ended June 30, 2026, up from $8,510 thousand a year earlier, and $114,668 thousand for the first six months versus $17,463 thousand in 2025. Basic and diluted EPS were $1.31 for the quarter and $5.18 year‑to‑date. Net interest income reached $39,950 thousand for the quarter and $75,884 thousand for six months, while noninterest income was lifted by a $35,949 thousand gain on an insurance transaction and a $65,000 thousand gain on a loan sale transaction, partly offset by $12,451 thousand of losses on securities sales.

Total assets were $4,801,883 thousand at June 30, 2026. Portfolio loans declined to $3,734,594 thousand, reflecting sale of the bank’s largest problem credit, while cash and cash equivalents increased to $276,535 thousand. Total deposits were $4,197,556 thousand, and Federal Home Loan Bank borrowings fell to zero from $178,500 thousand at year‑end. Asset quality improved markedly: nonperforming loans dropped to $37,561 thousand from $243,982 thousand at December 31, 2025, and the allowance for credit losses on loans decreased to $55,170 thousand after substantial recoveries and reserve releases tied to the loan sale. Shareholders’ equity rose to $539,146 thousand, aided by strong earnings and reduced accumulated other comprehensive loss.

Carter Bankshares, Inc. director Gregory W. Feldmann made a bona fide gift transfer of 280 shares of Common Stock on 2026-08-04. The shares were gifted to university alumni. Following this disposition, Feldmann directly holds 16,921 shares of Carter Bankshares Common Stock.

Vanguard Capital Management LLC, together with specified affiliates, reports beneficial ownership of Carter Bankshares Inc common stock on an amended Schedule 13G.

Vanguard reports beneficial ownership of 1,101,459 shares, representing 4.95% of the class. It has sole voting power over 145,582 shares and sole dispositive power over 1,101,459 shares, with no shared voting or dispositive power. The holdings include securities held by Vanguard funds and client accounts over which Vanguard or its named affiliates exercise voting and/or dispositive power, and exclude other Vanguard subsidiaries whose ownership is disaggregated. Vanguard and related investment companies and accounts have the right to receive dividends and sale proceeds, and no other single person has an interest in more than 5% of the class through these holdings.

Carter Bankshares, Inc. director Robert M. Bolton reported an indirect sale of 1,500 shares of Common Stock on July 30, 2026 at $34.60 per share, executed through Iron Bay Fund (Limited Partner). After this transaction, he reports 55,000 indirectly held shares and 12,629 directly held shares.

Carter Bankshares, Inc. insider Bradford N. Langs, President and Chief Strategy Officer, reported a sale of 2500.0000 shares of Common Stock on 2026-07-30 in a sale in open market or private transaction at $34.5358 per share. After this transaction, Langs directly holds 33242.0000 shares of Carter Bankshares Common Stock. The filing indicates the Rule 10b5-1 trading plan checkbox was not selected.