Carter Bankshares authorizes $20M share repurchase program through May 2026

Carter Bankshares, Inc.

Board authorized up to $20 million in common stock repurchases through May 14, 2026.
Repurchases may be executed via open market or privately negotiated transactions, including Rule 10b5-1 plans.
Management will determine timing and amount based on market price, conditions, liquidity, and regulatory requirements.
Program is discretionary; board may modify or terminate at any time, with no obligation to purchase any shares.

item 8.01

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