---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-26-000070"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2026-07-23T12:22:37+00:00"
generated_at: "2026-07-23T12:25:11.515488+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares Q2 net income $28.9M ($1.31 EPS); completes insurance sale, securities repositioning

## Summary
- Net income $28.9M ($1.31 diluted EPS) vs $85.8M Q1 2026 and $8.5M Q2 2025; adjusted net income $11.6M.
- Completed sale of Bearing Insurance Group, recognizing $35.9M pre-tax gain, accretive $1.30 to EPS, increased TBV by $1.28.
- Repositioned securities portfolio: sold $139.4M (2.28% yield), purchased $88.5M (5.27% yield), resulting in $12.5M pre-tax loss.
- Net interest margin expanded to 3.38% from 3.07% Q1 2026 and 2.80% Q2 2025; net interest income up 11.2% linked quarter.
- Nonperforming loans increased to $37.6M (1.01% of loans) from $24.0M Q1 2026, driven by $13.4M commercial relationship.

## SEC filing metadata
- accession: 0001829576-26-000070
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2026-07-23T12:22:37+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000070/0001829576-26-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000070/care-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-26-000070
- JSON: https://secwatch.observer/filing/0001829576-26-000070.json
- Plain text: https://secwatch.observer/filing/0001829576-26-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.