---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-26-000021"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:53:02.657763+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares sells $209.5M Justice-related nonperforming loans for $289.5M cash

## Summary
- Sold all loans tied to James C. Justice II entities for $289.48M cash; principal was $209.48M, all nonperforming.
- Pro forma: nonperforming loans drop from 6.29% (Dec 2025) to 0.82% of total loans; allowance for credit losses falls from 1.84% to 1.46%.
- Transaction expected to increase tangible book value per share by ~$3.49; specific reserve of $18.04M reversed.
- Total assets rise from $4.85B to ~$4.95B; loans decline from $3.88B to ~$3.67B on a pro forma basis.

## SEC filing metadata
- accession: 0001829576-26-000021
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000021/0001829576-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000021/care-20260326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-26-000021
- JSON: https://secwatch.observer/filing/0001829576-26-000021.json
- Plain text: https://secwatch.observer/filing/0001829576-26-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.