Carter Bankshares, Inc. (CARE) SEC Filings & Earnings Calls
EquiReason read 22 Carter Bankshares, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-17 — Carter Bankshares announced voluntary dismissal with prejudice of a lawsuit filed by the Justice Parties against the company and its subsidiary, removing legal uncertainty..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 677.6M
- P/E TTM
- 5.3
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 27 Jan, in 95 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
17 Aug 20268-K · 8.01Carter Bankshares announced voluntary dismissal with prejudice of a lawsuit filed by the Justice Parties against the company and its subsidiary, removing legal uncertainty.open
Risks flagged
Litigation risk removed
“dismissed with prejudice” · word for word
11 Aug 20268-K · 8.01Carter Bankshares established a Dividend Reinvestment and Stock Purchase Plan (DRIP) offering up to 1M shares. This is a routine dividend-related action, not a change in dividend policy.open
Risks flagged
No material risk; routine corporate action
“Standard DRIP plan with no unusual terms”
6 Aug 202610-QCarter Bankshares reported strong Q2 2026 results with net income up 239.7% YoY, driven by large gains from insurance and loan sale transactions and a net recovery of credit losses.earningsopen
Figures in the filing · each found in the filing text
| Net interest income · Q2-2026 | $40M | +23% y/y |
| Provision (Recovery) for Credit Losses · H1-2026 | $-32M | |
| Net income · Q2-2026 | $29M | +240% y/y |
| Portfolio loans · 2026-06-30 | $3.73B | -4% y/y |
| Total deposits · 2026-06-30 | $4.20B | -0% y/y |
| Total assets · 2026-06-30 | $4.80B | -1% y/y |
| Interest expense on deposits · Q2-2026 | $21M | -11% y/y |
| Allowance for credit losses · 2026-06-30 | $55M | -23% y/y |
| Basic earnings per share · Q2-2026 | $1.31 | +254% y/y |
| Gain on the Insurance Transaction · Q2-2026 | $36M |
Risks flagged
Non-recurring earnings boost
“Gain on the Insurance Transaction $35,949 and Gain on the Loan Sale Transaction $65,000 for the six months ended June 30, 2026.”
Securities portfolio losses
“Losses on Sales of Securities, net ( 12,531 ) for the three months ended June 30, 2026.”
23 Jul 20268-K · 8.01Quarterly cash dividend per share $0.10; annualized dividend yield 1.22open
Figures in the filing · each found in the filing text
| quarterly cash dividend per share · Q2-2026 | $0.10 | |
| annualized dividend yield · Q2-2026 | 1.2% |
23 Jul 20268-K · 2.02Carter Bankshares reports Q2 2026 net income $28.9M ($1.31 EPS) vs $8.5M ($0.37 EPS) YoY; net interest margin expands 58bps to 3.38%; core loan growth 6.45% ex-Loan Sale; strategic repositioning completed.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $29M | +240% y/y |
| Diluted earnings per share · Q2-2026 | $1.31 | +254% y/y |
| Net interest income · Q2-2026 | $40M | +23% y/y |
| Net interest margin · Q2-2026 | 3.4% | |
| Nonperforming loans · Q2-2026 | $38M | -85% y/y |
| NPL ratio · Q2-2026 | 1.0% | |
| Allowance for credit losses to total portfolio loans · Q2-2026 | 1.5% | |
| Efficiency ratio · Q2-2026 | 43.7% | |
| Adjusted efficiency ratio (non-GAAP) · Q2-2026 | 62.7% | |
| Tangible book value per share increase from Insurance Transaction · Q2-2026 | $1.28 |
Risks flagged
Increase in nonperforming loans linked to a commercial and industrial relationship; credit quality watch.
“The linked quarter increase was primarily attributable to a commercial and industrial relationship consisting of three loans with an aggregate principal balance of $13.4 million that was downgraded to substandard and placed on nonperforming status during the quarter.” · word for word
Elevated commercial real estate loan payoffs may pressure loan growth.
“despite approximately $132.6 million in commercial real estate loan payoffs during the second quarter” · word for word
24 Jun 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Regulatory compliance risk from new Virginia noncompete law; updated agreements to comply.
“Updated termination and severance provisions to comply with a new Virginia law that impacts noncompetition provisions beginning July 1, 2026.”
29 May 20268-K · 7.01Carter Bankshares completed a strategic repositioning of its securities portfolio: sold $139.4M of low-yield securities (2.28%) and purchased $88.5M of higher-yield securities (5.27%), expecting a $12.5M pre-tax loss recovered in ~2.98 yearopen
Figures in the filing · each found in the filing text
| Securities sold book value · Q2-2026 | $139M | |
| Securities purchased amount · Q2-2026 | $89M | |
| Weighted average yield sold · Q2-2026 | 2.3% | |
| Weighted average yield purchased · Q2-2026 | 5.3% | |
| Pre-tax loss on sale · Q2-2026 | $13M | |
| Estimated payback period · Q2-2026 | $2.98 | |
| Annual interest income improvement · FY2026 | $4M |
Risks flagged
Market interest rate changes could affect reinvestment returns and actual payback period.
“market interest rates and the impacts of market interest rates on economic conditions, customer behavior, and the Company’s net interest margin” · word for word
7 May 202610-QNet Interest Income $36M (+19% y/y); Net Income $86M (+858% y/y); Total Deposits $4.24Bopen
Figures in the filing · each found in the filing text
| Net Interest Income · Q1-2026 | $36M | +19% y/y |
| Net Income · Q1-2026 | $86M | +858% y/y |
| Total Deposits · 2026-03-31 | $4.24B | |
| Portfolio Loans · 2026-03-31 | $3.73B | |
| Allowance for Credit Losses · 2026-03-31 | $53M | |
| Total Shareholders' Equity · 2026-03-31 | $505M | |
| Noninterest Income · Q1-2026 | $71M | +928% y/y |
| Interest Expense on Deposits · Q1-2026 | $22M | -14% y/y |
| Noninterest Expense · Q1-2026 | $31M | +11% y/y |
| Cash and Cash Equivalents · 2026-03-31 | $228M |
Risks flagged
One-time gain dependency
“Gain on the Transaction $65,000 for the three months ended March 31, 2026.”
Loan portfolio contraction
“Portfolio Loans $3,728,461 at March 31, 2026 vs $3,879,560 at December 31, 2025.”
1 May 20268-K · 8.01Pre-tax gain on sale $36Mopen
Figures in the filing · each found in the filing text
| Pre-tax gain on sale · Q2-2026 | $36M |
23 Apr 20268-K · 8.01Dividend per share $0.10; Annualized dividend yield 1.64open
Figures in the filing · each found in the filing text
| Dividend per share · Q2-2026 | $0.10 | |
| Annualized dividend yield · Q2-2026 | 1.6% |
15 Apr 2026DEF 14ANet Income $31M (+28% y/y); Earnings per Share $1.38 (+30% y/y); Total Shareholder Return (TSR) $183.40 (+12% y/y)open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $31M | +28% y/y |
| Earnings per Share · FY2025 | $1.38 | +30% y/y |
| Total Shareholder Return (TSR) · FY2025 | $183.40 | +12% y/y |
| Peer Group TSR · FY2025 | $211.47 | +28% y/y |
| CEO Total Compensation · FY2025 | $1M | +4% y/y |
| CEO Compensation Actually Paid (CAP) · FY2025 | $1M | -0% y/y |
| Average Non-CEO NEO Total Compensation · FY2025 | $768919.00 | -3% y/y |
| Average Non-CEO NEO CAP · FY2025 | $786932.00 | +9% y/y |
| CEO Base Salary · FY2025 | $705000.00 | +4% y/y |
| CEO Target Bonus % · FY2025 | 65.0% |
Risks flagged
Large Non-Performing Credit Concentration
“Interest income was negatively impacted by $26.1 million during 2025 due to these credits being on nonaccrual status.” · word for word
Credit Loss Cycle
“the impacts of the largest non-performing credit relationship on 2025 performance” · word for word
Compensation Risk from Discretionary Bonus
“the Committee determined it was appropriate to exercise discretion to pay additional bonus amounts for 2025.” · word for word
26 Mar 20268-K · 8.01Cash consideration received $289M; Outstanding principal amount of loans sold $209M; Specific reserve on loans sold $18Mopen
Figures in the filing · each found in the filing text
| Cash consideration received · Q1-2026 | $289M | |
| Outstanding principal amount of loans sold · Q1-2026 | $209M | |
| Specific reserve on loans sold · FY2025 | $18M | |
| Total assets (pro forma) · Q1-2026 | $4.95B | |
| Total loans (pro forma) · Q1-2026 | $3.67B | |
| Allowance for credit losses (pro forma) · Q1-2026 | $53M | |
| Nonperforming loans (pro forma) · Q1-2026 | $30M | |
| Tangible book value per share improvement · Q1-2026 | $3.49 |
Risks flagged
Significant reduction in nonperforming loans from 6.29% to 0.82% of total loans, improving credit quality.
“total nonperforming loans of $243.98 million, or 6.29% of total loans... pro forma nonperforming loans of $29.96 million, or 0.82% of total loans” · word for word
5 Mar 202610-KTotal assets $4.90B; Full-time associates 687; New hires (FY2025) 202open
Figures in the filing · each found in the filing text
| Total assets · 2025-12-31 | $4.90B | |
| Full-time associates · 2025-12-31 | 687 | |
| New hires (FY2025) · FY2025 | 202 | |
| Voluntary separation turnover rate · FY2025 | 15.1% | |
| Number of branches · 2025-12-31 | 64 | |
| Deposits acquired in branch purchase · 2025-05-23 | $56M |
Risks flagged
Commercial real estate concentration risk
“The Company’s concentration in commercial real estate loans, including construction loans, increases its credit risk and could adversely affect its financial condition and results of operations.” · word for word
Nonperforming asset resolution risk
“Nonperforming assets can take significant time to resolve and may adversely affect the Company’s results of operations and financial condition, and could result in additional losses in future periods.” · word for word
Credit risk from largest credit relationship
“The Company’s level of credit risk is elevated due to relationship exposure to the Company’s largest credit relationship.” · word for word
Cybersecurity and technology failure risk
“A failure, disruption, or breach of our operational, cybersecurity, or information technology systems, or those of third- party service providers, could disrupt our business and adversely affect our results of operations, liquidity, financial condition, and reputation.” · word for word
Interest rate risk
“The Company’s business is subject to interest rate risk and fluctuations in interest rates may adversely affect its earnings, income, cash flow, capital levels and credit quality.” · word for word
2 Feb 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Repurchase program is subject to regulatory non-objection and market conditions; no obligation to purchase any shares.
“The repurchase program is subject to receipt of non-objection from the Federal Reserve Bank of Richmond, and may be modified or terminated by the Board at any time.” · word for word
29 Jan 20268-K · 2.02Net income $8M (+2% y/y); Diluted EPS $0.38 (+6% y/y); Net interest income $35M (+19% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $9M | +2% y/y |
| Diluted EPS · Q4-2025 | $0.38 | +6% y/y |
| Net interest income · Q4-2025 | $35M | +19% y/y |
| Net interest margin · Q4-2025 | 2.9% | |
| Total portfolio loans · Q4-2025 | $3.90B | +7% y/y |
| NPL ratio · Q4-2025 | 6.3% | |
| Allowance for credit losses to total loans · Q4-2025 | 1.8% |
Guidance
Positive outlook with loan pipeline healthy, margin expansion expected, and resolution of NPL progressing.
Risks flagged
Large nonperforming credit relationship (Justice Entities) continues to impact financials, though improving.
“Aggregate principal balance of $214.0 million as of Dec 31, 2025; negative impact on interest income of $6.1M in Q4.” · word for word
3 Nov 202510-QCarter Bankshares reported Q3 2025 results with net income of $5.419M, flat vs prior year quarter, but YTD net income up 41%.earningsopen
Figures in the filing · each found in the filing text
| Net Interest Income · Q3-2025 | $96M | +13% y/y |
| Net Income · Q3-2025 | $23M | +41% y/y |
| Total Assets · 2025-09-30 | $4.84B | |
| Allowance for Credit Losses · 2025-09-30 | $74M |
Risks flagged
Credit risk from restructured loans
“Total Restructured Loans $234,641 at September 30, 2025, primarily in 'Other' segment ($228,554 nonaccrual).”
Carter Bankshares, Inc. — questions
- What did Carter Bankshares, Inc. file recently?
- 22 SEC filings in the last 12 months. Latest: 8-K on 2026-08-17 — Carter Bankshares announced voluntary dismissal with prejudice of a lawsuit filed by the Justice Parties against the company and its subsidiary, removing legal uncertainty.
Every figure on this page comes from Carter Bankshares, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.