{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-23-000040","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.543759+00:00","generated_at":"2026-06-13T00:52:36.974542+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Carter Bankshares Q2 net income falls to $5.7M on $301.9M nonaccrual loan placement","bullets":["Diluted EPS $0.24 vs $0.67 in Q1 2023; net income $5.7M vs $15.9M.","Placed $301.9M loans on nonaccrual; $11.3M negative impact on interest income.","Nonperforming loans to total loans surged to 9.33% from 0.26% prior quarter.","Net interest margin dropped 144 bps to 2.51%; efficiency ratio rose to 80.5%.","Tier 1 capital ratio 11.46%; repurchased $8.2M in common stock during quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-23-000040","json":"https://secwatch.observer/filing/0001829576-23-000040.json","markdown":"https://secwatch.observer/filing/0001829576-23-000040.md","text":"https://secwatch.observer/filing/0001829576-23-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957623000040/0001829576-23-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957623000040/care-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:52:36.974542+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"08ac3f02e1218849149729b96693cf1eb0c662b1","claim":"Carter Bankshares, Inc. reported six months ended June 30, 2023 results: net income $21.6 million, EPS $0.91 diluted EPS.","evidence_excerpt":"For the six months ended June 30, 2023, net income was $21.6 million, or $0.91 diluted EPS, compared to net income of $20.1 million, or $0.80 diluted EPS for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957623000040/0001829576-23-000040-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended June 30, 2023"},{"label":"Net income","value":"$21.6 million"},{"label":"EPS","value":"$0.91 diluted EPS"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7b0da2abfa5b3ae816dd0868ae01a691e39a38ca","claim":"Carter Bankshares, Inc. reported second quarter of 2023 results: net income $5.7 million, EPS $0.24 diluted earnings per share.","evidence_excerpt":"Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $5.7 million, or $0.24 diluted earnings per share (“EPS”), for the second quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957623000040/0001829576-23-000040-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Net income","value":"$5.7 million"},{"label":"EPS","value":"$0.24 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}