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. 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.
Carter Bankshares completed a major cleanup of problem credits by selling all loans, subsequently reduced to judgments, tied to entities in which James C. Justice, II has an interest. The bank sold these nonperforming, nonaccrual loans in an absolute “as-is, where-is” transaction to an unaffiliated third party for $289.48 million in cash, compared with an outstanding aggregate principal balance of $209.48 million and a specific reserve of $18.04 million as of December 31, 2025.
On a pro forma basis as of December 31, 2025, the sale would have reduced total loans to approximately $3.67 billion from $3.88 billion, while total assets would have been about $4.95 billion versus previously reported $4.85 billion. The allowance for credit losses would have been approximately $53.46 million, or 1.46% of total loans, compared with $71.49 million, or 1.84%, previously. Total nonperforming loans would have declined sharply to about $29.96 million, or 0.82% of total loans, from $243.98 million, or 6.29%.
The company currently estimates the transaction will increase tangible book value by approximately $3.49 per common share. Management emphasized that all pro forma figures are unaudited, based on preliminary assumptions, and presented for illustration only, with final impacts to be detailed in the March 31, 2026 quarterly results.
Carter Bankshares, Inc. Chief Executive Officer Van Dyke Litz reported a small tax-related share disposition. On the reported date, 819 shares of common stock were delivered at $20.98 per share to satisfy a tax liability, rather than sold in the open market. After this transaction, he directly held 67,467 shares of common stock, indicating the move was a routine administrative adjustment rather than a change in his overall investment position.
Carter Bankshares, Inc. president and chief strategy officer Bradford N. Langs reported a Form 4 transaction involving company common stock. On March 4, he had 638 shares disposed of at $20.98 per share to cover tax obligations, a routine tax-withholding event rather than an open-market sale. After this transaction, he directly owned 32,593 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. senior executive vice president and chief operating officer Matthew M. Speare reported a tax-related share disposition. On March 4, 411 shares of common stock were withheld at $20.98 per share to cover tax obligations, leaving him with 26,793 shares held directly.
Carter Bankshares, Inc. reported that Senior Executive VP and CFO Wendy S. Bell had 435 shares of Common Stock withheld on March 4 to cover tax obligations, at a reported value of $20.98 per share. After this tax-withholding disposition, she directly holds 40,223 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. executive vice president and chief administrative officer Jane Ann Davis reported a small tax-related share disposition. On this Form 4, 309 shares of common stock were withheld at $20.98 per share to cover tax obligations, and she now directly holds 12,430 shares.