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.
Carter Bankshares, Inc. filings document the company’s role as the holding company for Carter Bank, its CARE common stock listed on the Nasdaq Global Select Market, and recurring bank disclosures on results of operations, financial condition, investor presentations, capital returns, and asset quality. Form 8-K reports cover quarterly results, Regulation FD presentations, dividend actions, completed loan and asset sales, and other material events.
Proxy materials disclose board matters, executive compensation, equity awards, shareholder voting items, and governance practices. The filings also address bank-specific disclosures tied to credit performance, liquidity, capital levels, regulatory oversight, loan portfolio composition, and forward-looking statements used in financial and strategic reporting.
Carter Bankshares, Inc. completed a strategic repositioning of part of its securities available-for-sale portfolio. The bank sold $139.4 million in book value securities yielding 2.28%, representing about 18.7% of its securities portfolio, and purchased approximately $88.5 million of higher-yielding securities with an average yield of about 5.27%, all rated AAA or AA.
The company estimates a pre-tax loss of roughly $12.5 million from the sales, to be recorded in second-quarter 2026 results. Based on current information, it expects this loss to be recovered over about 2.98 years and projects that the repositioning will improve annual interest income by approximately $4.2 million. Remaining proceeds are expected to support organic loan growth.
Carter Bankshares, Inc. reported results from its 2026 Annual Meeting of Shareholders held on May 27, 2026. A total of 17,183,400 shares were voted in person or by proxy. Shareholders elected 11 directors, each receiving over 11.7 million votes "for" with additional broker non-votes recorded.
In an advisory, non-binding vote, shareholders approved executive compensation with 11,748,459 votes for, 695,815 against, 169,767 abstentions and 4,569,359 broker non-votes. Shareholders also ratified the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 17,089,948 votes for, 90,529 against and 2,923 abstentions.
Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, reported a tax-related share disposition. On May 21, 2026, 261 shares of Common Stock were delivered at $26.95 per share to cover tax obligations, classified as a tax-withholding disposition. Following this transaction, she directly holds 13,723 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. Schedule 13G/A discloses that Fourthstone LLC and related reporting persons beneficially own 1,502,119 shares of common stock, equal to 6.78% of the class based on 22,164,453 shares outstanding as of March 2, 2026. The filing lists additional Fourthstone-affiliated holdings: Fourthstone Master Opportunity Fund Ltd 1,156,264 shares (5.22%), Fourthstone GP LLC 345,855 shares (1.56%), Fourthstone QP Opportunity Fund 319,725 shares (1.44%), and Fourthstone Small-Cap Financials Fund 26,130 shares (0.12%). The Reporting Persons state the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control.
Carter Bankshares, Inc. president and chief strategy officer Bradford N. Langs reported an open-market sale of 5,500 shares of Common Stock. The sale was executed at an average price of $26.4651 per share. Following this transaction, Langs directly owns 27,093 Carter Bankshares shares, with no derivative positions reported in this filing.
Carter Bankshares, Inc. director Elizabeth L. Walsh reported a Form 4 showing a bona fide gift of 725 shares of Common Stock to her mother. After this gift, she directly holds 58,028 shares of Common Stock.
The filing also lists indirect holdings in Carter Bankshares Common Stock, including 16,000 shares held by Lester Family Holdings, 367,771 shares held by EASG, LLC, and 4,769 shares held by Carriage Square. These entries describe ownership positions rather than new market transactions.
Carter Bankshares, Inc. reported strong first-quarter 2026 results driven by a major credit resolution. Net income rose to $85.8 million from $9.0 million a year earlier, and basic and diluted earnings per share increased to $3.88 from $0.39.
The company completed an absolute sale of all loans reduced to judgments related to entities associated with James C. Justice II. This Transaction generated a $65.0 million gain, a $15.0 million net recovery on the judgments, and allowed release of $18.0 million of specific reserves, sharply reducing nonperforming loans.
Total assets were $4.80 billion at March 31, 2026, with portfolio loans of $3.73 billion and deposits of $4.24 billion. The allowance for credit losses on loans declined to $52.5 million from $71.5 million at year-end, reflecting the Transaction and overall credit metrics that show low charge-offs and significantly lower nonaccrual balances. Cash and cash equivalents more than doubled to $228.3 million, helped by $289.5 million of proceeds from the Transaction and portfolio loan transfers to held-for-sale.
Carter Bankshares, Inc. director Elizabeth L. Walsh reported an open-market purchase of 4,575 shares of Common Stock at $26.20 per share. After this purchase, she directly owns 58,753 shares of Carter Bankshares Common Stock.
In addition to her direct holdings, the filing shows indirect ownership of 16,000 shares by Lester Family Holdings, 367,771 shares by EASG, LLC, and 4,769 shares by Carriage Square. These positions reflect shares held through affiliated entities rather than in her own name.
Carter Bankshares, Inc. director James W. Haskins sold shares of the company’s common stock. On May 5, 2026, he completed an open-market sale of 1,000 shares at $26.04 per share. Following the sale, he directly holds 62,702 shares and 1,751 shares are held indirectly by his spouse.
Carter Bankshares, Inc. furnished a first-quarter 2026 investor presentation highlighting a major cleanup of legacy credit issues and stronger capital and liquidity. The bank completed the sale of its largest legacy nonperforming loan relationship, receiving total consideration of $289.5M and recognizing $98.0M of combined gain, recovery and reserve release.
For Q1 2026, net income was $85.8M, with adjusted net income of $8.6M excluding the one-time transaction effects. Asset quality improved sharply, as nonperforming loans fell to 0.64% of portfolio loans and past due loans were 0.08%. The bank reported $4.8B in assets, $3.7B in loans and $4.2B in deposits, with a Common Equity Tier 1 ratio of 13.52% and total available liquidity of about $1.6B.