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., holding company for Carter Bank & Trust, has completed the sale of its membership interest in Bearing Insurance Group, LLC to an unaffiliated third party, effective May 1, 2026.
Based on current information, the company estimates a pre-tax gain of approximately $35.8 million from this transaction, expected to be recognized in its financial results for the second quarter of 2026. The company also highlights that statements about the financial impact of the sale are forward-looking and subject to various risks and uncertainties.
Carter Bankshares Inc reported a Schedule 13G filing showing that Vanguard Capital Management beneficially owns 1,130,904 shares, representing 5.10% of the common stock. The filing states Vanguard has sole dispositive power over 1,130,904 shares and sole voting power for 145,921 shares. The filing attributes ownership to Vanguard Capital Management LLC and affiliated business divisions that exercise dispositive or voting power for certain funds and accounts.
Davis Jane Ann reported acquisition or exercise transactions in this Form 4 filing.
Carter Bankshares, Inc. executive vice president and chief administrative officer Jane Ann Davis received a grant of 1,850 shares of common stock as a restricted stock award. The grant price was recorded at $0.00 per share, indicating a compensation award rather than an open-market purchase.
After this award, Davis directly holds 13,984 common shares. According to the footnote, these restricted shares have a three-year vesting schedule and are scheduled to fully vest on April 27, 2029, tying the award to long-term service and performance at the company.
Adams Arthur Loran reported acquisition or exercise transactions in this Form 4 filing.
Carter Bankshares, Inc. executive vice president Arthur Loran Adams reported receiving a grant of 1,650 shares of common stock as equity compensation. The award was granted at a price of $0.00 per share, reflecting a restricted stock grant rather than an open-market purchase.
According to the filing, Adams now holds 13,062 shares of Carter Bankshares common stock directly following this award. A footnote states that these restricted stock awards have three-year vesting and will fully vest on April 27, 2029, tying the value to the executive’s continued service over time.
Carter Bankshares, Inc. announced that its board reinstated a quarterly cash dividend, declaring $0.10 per share for shareholders. The dividend is payable on May 25, 2026 to shareholders of record on May 11, 2026.
Based on the April 21, 2026 closing stock price of $24.44, the annualized dividend yield is 1.64%. Management highlights that this is the first quarterly cash dividend in nearly 10 years and attributes the move to improved financial metrics and continued strong fundamentals. The company reports $4.8 billion in assets and operates 63 branches in Virginia and North Carolina as of March 31, 2026.
Carter Bankshares, Inc. announced that its board reinstated a quarterly cash dividend, declaring $0.10 per share for shareholders. The dividend is payable on May 25, 2026 to shareholders of record on May 11, 2026.
Based on the April 21, 2026 closing stock price of $24.44, the annualized dividend yield is 1.64%. Management highlights that this is the first quarterly cash dividend in nearly 10 years and attributes the move to improved financial metrics and continued strong fundamentals. The company reports $4.8 billion in assets and operates 63 branches in Virginia and North Carolina as of March 31, 2026.
Carter Bankshares, Inc. reported a sharp jump in profitability for the first quarter of 2026, driven by the sale of its largest nonperforming credit relationship. Net income was $85.8 million, or $3.88 diluted EPS, versus $8.5 million ($0.38) in the prior quarter and $9.0 million ($0.39) a year earlier.
The bank sold nonperforming loans with $209.5 million of principal for $289.5 million in cash, recognizing an $80.0 million net gain, releasing $18.0 million of specific reserves and recording $15.0 million of net recoveries. This materially improved asset quality, cutting nonperforming loans to $24.0 million, or 0.64% of portfolio loans, from $244.0 million (6.29%) at year-end.
Capital and earnings metrics strengthened, with the Tier 1 capital ratio rising to 13.52% from 10.70% and book value per share increasing by $3.77 year-over-year to $22.78. However, adjusted diluted EPS excluding the transaction was $0.40, similar to $0.41 in the prior quarter, indicating core earnings remain steady rather than transformed.
Carter Bankshares, Inc. reported a sharp jump in profitability for the first quarter of 2026, driven by the sale of its largest nonperforming credit relationship. Net income was $85.8 million, or $3.88 diluted EPS, versus $8.5 million ($0.38) in the prior quarter and $9.0 million ($0.39) a year earlier.
The bank sold nonperforming loans with $209.5 million of principal for $289.5 million in cash, recognizing an $80.0 million net gain, releasing $18.0 million of specific reserves and recording $15.0 million of net recoveries. This materially improved asset quality, cutting nonperforming loans to $24.0 million, or 0.64% of portfolio loans, from $244.0 million (6.29%) at year-end.
Capital and earnings metrics strengthened, with the Tier 1 capital ratio rising to 13.52% from 10.70% and book value per share increasing by $3.77 year-over-year to $22.78. However, adjusted diluted EPS excluding the transaction was $0.40, similar to $0.41 in the prior quarter, indicating core earnings remain steady rather than transformed.
Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, had 296 shares of Common Stock withheld on April 20, 2026 to cover tax obligations at $24.24 per share. After this tax-withholding disposition, she directly owns 12,134 shares of Carter Bankshares Common Stock.
Carter Bankshares, Inc. furnished proxy materials and its 2025 Annual Report in connection with the 2026 Annual Meeting of Shareholders to be held on May 27, 2026 at New College Institute in Martinsville, Virginia. Only shareholders of record as of March 25, 2026 may vote; 22,159,980 shares were outstanding on that record date.
The Board nominates 11 directors for election to serve until the 2027 annual meeting, asks shareholders to approve an advisory "say-on-pay" vote on named executive officer compensation, and seeks ratification of Crowe LLP as independent auditors for fiscal 2026. Proxy materials were first made available April 15, 2026.
Carter Bankshares, Inc. is asking shareholders to elect 11 directors and approve executive pay at its 2026 annual meeting. The meeting is scheduled for May 27, 2026 in Martinsville, Virginia, for holders of record as of March 25, 2026.
Shareholders will vote on: electing 11 directors, an advisory “say‑on‑pay” resolution on named executive officer compensation, and ratifying Crowe LLP as auditor for 2026. The proxy details board skills and demographics, ownership of more than 5% of the stock, insider and institutional holdings, and a pay program that combines salary, annual incentives, and long‑term equity awards. It also discloses a 23:1 CEO pay ratio and strong prior say‑on‑pay support of 92.6% of votes cast in 2025.
The Vanguard Group filed an Amendment No. 2 to a Schedule 13G/A reporting zero beneficial ownership in Carter Bankshares Inc common stock. The amendment states The Vanguard Group holds 0 shares and 0% of the class and disaggregates certain subsidiaries following an internal realignment.
The filing is signed by Ashley Grim, Head of Global Fund Administration, and reiterates that no single outside person holds more than 5% of the reported securities.