secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2026-05-29T21:19:29+00:00
Accession:  0001829576-26-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000056/0001829576-26-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957626000056/care-20260529.htm
  HTML page:      https://secwatch.observer/filing/0001829576-26-000056

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