Carter Bankshares completes $139.4M securities repositioning; expects $12.5M pre-tax loss in Q2 2026

Carter Bankshares, Inc.

Sold $139.4M of securities (weighted avg yield 2.28%) and bought $88.5M of AAA/AA-rated securities (5.27% yield).
Portfolio repositioning covers ~18.7% of securities portfolio; pre-tax loss of ~$12.5M expected in Q2 2026.
Estimated loss recovery period of ~2.98 years; annual interest income improvement of ~$4.2M.
Remaining proceeds from sale will be used to fund organic loan growth.

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