Highest-materiality recent filing
Carter Bankshares lawsuit by Justice Parties dismissed with prejudice
On Aug 17, 2026, Carter Bankshares and Carter Bank & Trust announced voluntary dismissal with prejudice of lawsuit.
Carter Bankshares establishes DRIP plan offering up to 1M shares to shareholders
Dividend Reinvestment and Stock Purchase Plan established; up to 1,000,000 common shares offered.
Carter Bankshares furnishes Q2 2026 investor presentation
Investor presentation for second quarter 2026 made available under Item 7.01.
Carter Bankshares declares $0.10 quarterly dividend, payable Aug 24
Quarterly cash dividend of $0.10 per share declared by Board on July 22, 2026.
Net income $28.9M ($1.31 diluted EPS) vs $85.8M Q1 2026 and $8.5M Q2 2025; adjusted net income $11.6M.
Carter Bankshares amends employment agreements for CEO Van Dyke, CFO Bell, and other officers
CEO Litz H. Van Dyke, CFO Wendy S. Bell, President Bradford N. Langs, COO Matthew M. Speare, and CCO Tony E. Kallsen entered amended agreements.
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.
Carter Bankshares faces $226M lawsuit from GLAS over Bluestone loan repayments
GLAS Trust seeks $226M from Carter Bank for funds received as loan repayments from Bluestone Entities owned by Gov. Justice.
Company furnished an investor presentation under Item 7.01; presentation posted on company website.
Carter Bankshares Q4 net loss $1.9M; NPL ratio 8.83% on $301.9M nonaccrual loan
Net loss $1.9M ($0.08 diluted EPS) vs $3.6M income ($0.16) in Q3 2023 and $15.6M ($0.65) in Q4 2022.
Carter Bankshares wins court ruling allowing collection of $302M from Justice entities
Circuit Court denied Justice Entities' motions to set aside confessions of judgment in 21 civil cases.
Filed forms for Time-Based Restricted Stock and Performance Unit Agreements for LTIP grants.
Lawsuit filed Nov 10, 2023 by WV Governor Jim Justice and related entities (Justice Parties) against Carter Bank & Trust in S.D. West Virginia.
Carter Bankshares furnishes Q3 2023 investor deck; specific results not provided in excerpt
8-K filed under Item 7.01 to furnish investor presentation (Exhibit 99.1) for Q3 2023.
Carter Bankshares Q3 net income drops 75% YoY to $3.6M; NPL ratio hits 9.04% on $302M nonaccrual
Diluted EPS $0.16 vs $0.59 in Q3 2022; pre-tax pre-provision income falls to $5.4M from $19.5M.
No specific Q2 financial details available from Carter Bankshares presentation excerpt
Investor presentation furnished under Item 7.01 and posted on company website.
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”).
On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).
On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).
On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).
On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).
On March 23, 2022, the Board of Directors (the “Board”) of Carter Bankshares, Inc. (the “Company”) unanimously appointed two new members to the Board, Jacob A. Lutz, III and Curtis E. Stephens, effective immediately on that date.
On March 23, 2022, the Board of Directors (the “Board”) of Carter Bankshares, Inc. (the “Company”) unanimously appointed two new members to the Board, Jacob A. Lutz, III and Curtis E. Stephens, effective immediately on that date.
Max materiality 0.85 · Median 0.60 · Most common event other_material