secwatch.observer — SEC 8-K summary
======================================

Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001829576-26-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000036/0001829576-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000036/care-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001829576-26-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer