Carter Bankshares completes sale of Bearing Insurance Group; expects $35.8M pre-tax gain in Q2 2026

Carter Bankshares, Inc.

Sold membership interest in Bearing Insurance Group, LLC to unaffiliated third party, effective May 1, 2026.
Estimated pre-tax gain of approximately $35.8 million, to be recognized in Q2 2026.
Transaction completed on May 1, 2026, per filing.

item 8.01

Carter Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001829576-26-000040

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