---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-26-000036"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:36:31.242908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares Q1 net income $85.8M from $80M gain on sale of Justice loans

## Summary
- Net income $85.8M, diluted EPS $3.88; vs $9.0M/$0.39 in Q1 2025.
- Completed sale of $209.5M Justice-related loans for $289.5M cash; recognized $80M net gain.
- Nonperforming loans fell to $24.0M from $244.0M at Dec 2025; NPL ratio improved to 0.64%.
- Net interest margin expanded to 3.07% from 2.68% YoY; net interest income up 19.2% to $35.9M.
- Tangible book value per share increased $3.49 from the transaction and capital ratios strengthened.

## SEC filing metadata
- accession: 0001829576-26-000036
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000036/0001829576-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000036/care-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-26-000036
- JSON: https://secwatch.observer/filing/0001829576-26-000036.json
- Plain text: https://secwatch.observer/filing/0001829576-26-000036.txt

## Key facts
- Earnings Releases
  Carter Bankshares, Inc. reported the first quarter of 2026 results: net income quarterly net income of $85.8 million, EPS $3.88 diluted earnings per share.
  - Period: the first quarter of 2026
  - Net income: quarterly net income of $85.8 million
  - EPS: $3.88 diluted earnings per share
  - Result: reported results
  source text: Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced quarterly net income of $85.8 million, or $3.88 diluted earnings per share (“EPS”), for the first quarter of 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000036/0001829576-26-000036-index.htm

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