{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-24-000020","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.485992+00:00","generated_at":"2026-06-03T08:12:35.375133+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 Q1 net income $5.8M ($0.25 EPS); NPL drag persists","bullets":["Net income $5.8M vs Q4 loss $1.9M, but down 63% from $15.9M in Q1 2023.","Net interest margin (FTE) 2.60%; net interest income $28.4M, down $12.4M YoY.","Large NPL relationship $301.9M on nonaccrual; specific reserves $54.3M; lost $9.3M interest income in Q1.","Nonperforming loans / total loans 8.76%; efficiency ratio improved to 78.5% from 94.8% in Q4.","Total deposits up $108.6M to $3.8B; FHLB borrowings down $82.9M; capital ratios well capitalized."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-24-000020","json":"https://secwatch.observer/filing/0001829576-24-000020.json","markdown":"https://secwatch.observer/filing/0001829576-24-000020.md","text":"https://secwatch.observer/filing/0001829576-24-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000020/0001829576-24-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000020/care-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:12:35.375133+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":"043a6305daa6b34187ac33c8a38f605b909a4ddc","claim":"Carter Bankshares, Inc. reported the three months ended March 31, 2024 results: net income $5.8 million, EPS $0.25 diluted earnings per share.","evidence_excerpt":"Carter Bankshares, Inc. announced by press release its financial results for the three months ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000020/0001829576-24-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Net income","value":"$5.8 million"},{"label":"EPS","value":"$0.25 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"}