secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001829576-26-000040
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000040/0001829576-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000040/care-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001829576-26-000040

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