{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-24-000005","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.797625+00:00","generated_at":"2026-06-06T18:28:41.253173+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Carter Bankshares Q4 net loss $1.9M; NPL ratio 8.83% on $301.9M nonaccrual loan","bullets":["Net loss $1.9M ($0.08 diluted EPS) vs $3.6M income ($0.16) in Q3 2023 and $15.6M ($0.65) in Q4 2022.","Net interest margin fell to 2.47% from 4.04% a year ago; interest income hurt $9.4M by large NPL.","Nonperforming loans 8.83% of portfolio; $301.9M lending relationship on nonaccrual; specific reserve $54.3M.","Provision for credit losses rose to $2.9M from $1.1M in Q3; efficiency ratio hit 94.8%.","Sold $30M in securities for $1.5M loss to reposition portfolio; loan growth 11% annualized."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-24-000005","json":"https://secwatch.observer/filing/0001829576-24-000005.json","markdown":"https://secwatch.observer/filing/0001829576-24-000005.md","text":"https://secwatch.observer/filing/0001829576-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000005/0001829576-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000005/care-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:28:41.253173+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":"73b8e79ccf64cdbb83b4d5b8ee13704ade6599fb","claim":"Carter Bankshares, Inc. reported the year ended December 31, 2023 results: net income net income was $23.4 million, EPS $1.00 diluted EPS.","evidence_excerpt":"For the year ended December 31, 2023, net income was $23.4 million, or $1.00 diluted EPS, compared to $50.1 million, or $2.03 diluted EPS for the year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000005/0001829576-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"net income was $23.4 million"},{"label":"EPS","value":"$1.00 diluted EPS"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fa9e0fa7e2a57e70c371a9291e2286922179b046","claim":"Carter Bankshares, Inc. reported the fourth quarter of 2023 results: net income net loss of $1.9 million, EPS $(0.08) earnings per share.","evidence_excerpt":"Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced a net loss of $1.9 million, or $(0.08) earnings per share (“EPS”), for the fourth quarter of 2023 compared to net income of $3.6 million, or $0.16 diluted EPS, in the third quarter of 2023 and $15.6 million, or $0.65 diluted EPS, for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000005/0001829576-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Net income","value":"net loss of $1.9 million"},{"label":"EPS","value":"$(0.08) 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"}