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. (CARE) declared a quarterly cash dividend of $0.10 per share on October 28, 2026. It is payable November 23, 2026, to shareholders of record November 9, 2026. Based on the October 28, 2026 closing stock price of $30.22, the stated annualized dividend yield is 1.32%.
Carter Bankshares, Inc. reported third-quarter 2026 net income of $7.8 million, or $0.35 diluted EPS, versus $5.4 million in third-quarter 2025 and $28.9 million in second-quarter 2026. Net interest income was $41.2 million, up 22.3% year over year, and net interest margin was 3.51%, versus 2.86% a year earlier. Nine-month net income was $122.4 million versus $22.9 million; 2026 results included a $65.0 million Loan Sale Transaction gain and a $35.9 million Insurance Transaction gain. Second-quarter results also included $12.5 million in securities-sale losses.
Portfolio loans rose $36.0 million to $3.8 billion during the quarter despite approximately $161.0 million in loan payoffs. Nonperforming loans were $27.9 million, down from $37.6 million in June, while net charge-offs were $12.1 million. Deposits declined $80.2 million to $4.1 billion, and cash and cash equivalents fell $174.8 million to $101.7 million. The company launched an SBA 7(a) lending team and established a dividend reinvestment and stock purchase plan offering up to 1.0 million common shares to existing shareholders.
Carter Bankshares, Inc. reported that Dimensional Fund Advisors beneficially owned 1,364,215 shares of common stock, or 6.2% of the class, as of September 30, 2026. Dimensional reported sole voting power over 1,343,572 shares and sole dispositive power over 1,364,215 shares, with no shared voting or dispositive power. The shares are owned by investment companies, trusts, and accounts advised or managed by Dimensional, which disclaims beneficial ownership. The Funds have rights to dividends or sale proceeds; Dimensional stated that, to its knowledge, no individual Fund's interest exceeds 5% of the class.
Carter Bankshares, Inc. (CARE) director Catharine L. Midkiff reported selling 1,000 shares of common stock on September 11, 2026 at $31.25 per share in an open market or private transaction. After this sale, she holds 16,856 shares directly and 1,200 shares indirectly through her spouse. No Rule 10b5-1 trading plan is reported.
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.