Highest-materiality recent filing
Carter Bankshares completes $139.4M securities repositioning; expects $12.5M pre-tax loss in Q2 2026
Sold $139.4M of securities (weighted avg yield 2.28%) and bought $88.5M of AAA/AA-rated securities (5.27% yield).
Carter Bankshares shareholders elect 11 directors, approve say-on-pay and auditor ratification
All 11 director nominees elected with strong support; broker non-votes ~4.57M for each.
Carter Bankshares completes sale of Bearing Insurance Group; expects $35.8M pre-tax gain in Q2 2026
Sold membership interest in Bearing Insurance Group, LLC to unaffiliated third party, effective May 1, 2026.
Presentation posted to company website and furnished as Exhibit 99.1.
Carter Bankshares Q1 net income $85.8M from $80M gain on sale of Justice loans
Net income $85.8M, diluted EPS $3.88; vs $9.0M/$0.39 in Q1 2025.
Carter Bankshares reinstates quarterly dividend at $0.10/share, first in nearly 10 years
Quarterly cash dividend of $0.10 per share declared, payable May 25, 2026 to holders of record May 11, 2026.
Carter Bankshares sells $209.5M Justice-related nonperforming loans for $289.5M cash
Sold all loans tied to James C. Justice II entities for $289.48M cash; principal was $209.48M, all nonperforming.
Carter Bankshares authorizes $10M share repurchase program
Board authorized repurchase of up to $10M in common stock over 12 months.
Carter Bankshares provides investor presentation for Q4/FY2025 results
Presentation furnished on January 30, 2026, covering quarter and year ended December 31, 2025.
Carter Bankshares Q4 net income $8.5M, EPS $0.38; NPLs improve to $244M
Q4 net income $8.5M ($0.38 EPS) vs $5.4M in Q3 and $8.3M in Q4 2024.
Carter Bank gains Fed approval to become state member bank, regulated by Richmond Fed
Carter Bank received approval from the Board of Governors of the Federal Reserve System to become a state member bank.
Investor presentation available on company website; contains financial data for management use with investors.
Carter Bankshares Q3 net income $5.4M ($0.24 EPS), down 36% from Q2; NPLs rise to $258.6M
Q3 2025 net income $5.4M ($0.24 diluted EPS) vs $8.5M ($0.37) Q2 2025; YoY flat with $5.6M ($0.24).
Carter Bankshares CEO Litz Van Dyke discloses upcoming surgery for abdominal growth
CEO Litz H. Van Dyke will undergo surgery later this week to remove an abdominal growth.
Carter Bankshares furnishes Q2 2025 investor presentation via Form 8-K
Investor presentation as of June 30, 2025 furnished under Regulation FD.
Carter Bankshares Q2 net income $8.5M ($0.37 EPS); NIM expands to 2.82%
Net income of $8.5M, down from $9.0M in Q1 2025 but up from $4.8M in Q2 2024; diluted EPS $0.37.
All 11 director nominees elected; shares voted range from 12.6M to 13.2M for each, broker non-votes 5.5M.
Carter Bank completes $55.9M deposit purchase of two First Reliance Bank branches in NC
Acquired $55.9M in deposits from branches in Mooresville and Winston-Salem, NC; no loans acquired.
Carter Bankshares authorizes $20M share repurchase program through May 2026
Board authorized up to $20 million in common stock repurchases through May 14, 2026.
Carter Bankshares furnishes Q1 2025 investor presentation; no specific financial data in filing
Document furnished under Regulation FD to assist investor understanding.
CARE Q1 net income $9.0M, EPS $0.39; Justice NPLs $245.1M
Net income $9.0M ($0.39 diluted EPS), up from $8.3M ($0.36) Q4 2024 and $5.8M ($0.25) Q1 2024.
Carter Bankshares director Matthews to retire, board to shrink from 12 to 11
Director E. Warren Matthews notified board of retirement, will not stand for re-election at May 28, 2025 annual meeting.
Carter Bankshares expands NC branch deal to acquire both Mooresville and Winston-Salem facilities
Amendment adds acquisition of First Reliance Bank's Mooresville, NC branch facility to original agreement.
Carter Bankshares posts Q4 2024 investor presentation; figures not in filing text
Presentation covers Q4 and full year 2024 performance; no specific financial data included in this 8-K.
Carter Bankshares Q4 net income $8.3M, EPS $0.36; NPLs decline to $259.3M
Net income $8.3M ($0.36 diluted EPS) vs $5.6M in Q3 2024 and net loss $1.9M in Q4 2023.
Carter Bankshares to acquire two NC branches from First Reliance, assuming $56M deposits
Carter Bank will assume ~$56M in deposits from branches in Mooresville and Winston-Salem.
Carter Bankshares Q3 net income $5.6M, up 55% YoY; deposits grow 5.2% QoQ
Net income $5.6M ($0.24 diluted EPS) vs $3.6M ($0.16) in Q3 2023, up 55.2%.
Carter Bankshares Q3 net income $5.6M ($0.24 EPS); NPLs decline, lawsuit dismissed
Q3 net income $5.6M ($0.24 diluted EPS), up from $4.8M ($0.21) in Q2 and $3.6M ($0.16) in year-ago quarter.
Carter Bankshares resolves GLAS Trust lawsuit with prejudice; Justice entities reaffirm loans
GLAS Trust lawsuit dismissed with prejudice on Aug 28, 2024; cannot be refiled.
Carter Bankshares furnishes Q2 2024 investor presentation; excerpt lacks financial details
Company furnished an investor presentation as Exhibit 99.1 under Item 7.01.
Carter Bankshares Q2 EPS $0.21, down from Q1 $0.25 and YoY $0.24; NPL drag continues
Net income $4.8M ($0.21 diluted EPS) vs $5.8M ($0.25) Q1 2024 and $5.7M ($0.24) Q2 2023.
Federal lawsuit voluntarily dismissed with prejudice; WV lawsuit expected to be dismissed similarly.
Carter Bankshares shareholders elect all 12 directors, approve say-on-pay and auditor ratification
All 12 director nominees elected with votes ranging from 11.7M to 12.3M in favor; broker non-votes 5.97M.
Q1 net income $5.8M, EPS $0.25; NPL/loans 8.76% remains high
Net income $5.8M ($0.25 diluted EPS) vs Q4 net loss $1.9M (-$0.08); down 63.5% YoY.
Carter Bankshares Q1 net income $5.8M ($0.25 EPS); NPL drag persists
Net income $5.8M vs Q4 loss $1.9M, but down 63% from $15.9M in Q1 2023.
On March 18, 2025, director E. Warren Matthews notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that he will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2025 Annual Meeting of Shareholders to be held on May 28, 2025 (the “Annual Meeting”).
Max materiality 0.85 · Median 0.60 · Most common event other_material