Welcome to our dedicated page for Carter Bankshares SEC filings (Ticker: CARE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission (SEC) filings for Carter Bankshares, Inc. (NASDAQ: CARE), the Virginia‑incorporated bank holding company for Carter Bank. Through these filings, investors can review the company’s formal disclosures on financial condition, capital, asset quality, risk factors and corporate actions.
Carter Bankshares, Inc. uses Form 8‑K to report material events, including quarterly and annual earnings releases, investor presentations, regulatory developments and other significant updates. For example, 8‑K filings reference press releases announcing financial results for periods such as the three and nine months ended September 30, 2025, as well as the year ended December 31, 2024. Other 8‑K filings furnish investor presentations dated as of quarter‑end and describe regulatory milestones, such as Carter Bank’s approval to become a state member bank of the Federal Reserve System.
Annual reports on Form 10‑K and quarterly reports on Form 10‑Q (accessible via the SEC’s EDGAR system) contain detailed information on loan and deposit portfolios, net interest income, noninterest income and expense, nonperforming loans, allowance for credit losses and the large credit relationship in the "Other" segment of the loan portfolio. These reports also include risk factor discussions and management’s analysis of the impact of nonaccrual loans related to the Justice Entities.
Investors can also review filings related to capital and governance, such as disclosures about stock repurchase programs, financial holding company status and regulatory oversight. Forms reporting executive or director share transactions (such as Form 4, when available) help track insider trading activity in CARE common stock.
Stock Titan’s platform enhances these filings with AI‑powered summaries that highlight key points from lengthy documents, explain technical terms and surface items such as changes in credit quality, capital ratios, branch transactions and regulatory developments. Real‑time updates from EDGAR ensure that new 10‑K, 10‑Q, 8‑K and other filings for Carter Bankshares, Inc. are available promptly, while AI insights help readers focus on the most important disclosures without manually parsing every page.
Carter Bankshares, Inc. furnished proxy materials and its 2025 Annual Report in connection with the 2026 Annual Meeting of Shareholders to be held on May 27, 2026 at New College Institute in Martinsville, Virginia. Only shareholders of record as of March 25, 2026 may vote; 22,159,980 shares were outstanding on that record date.
The Board nominates 11 directors for election to serve until the 2027 annual meeting, asks shareholders to approve an advisory "say-on-pay" vote on named executive officer compensation, and seeks ratification of Crowe LLP as independent auditors for fiscal 2026. Proxy materials were first made available April 15, 2026.
Carter Bankshares, Inc. is asking shareholders to elect 11 directors and approve executive pay at its 2026 annual meeting. The meeting is scheduled for May 27, 2026 in Martinsville, Virginia, for holders of record as of March 25, 2026.
Shareholders will vote on: electing 11 directors, an advisory “say‑on‑pay” resolution on named executive officer compensation, and ratifying Crowe LLP as auditor for 2026. The proxy details board skills and demographics, ownership of more than 5% of the stock, insider and institutional holdings, and a pay program that combines salary, annual incentives, and long‑term equity awards. It also discloses a 23:1 CEO pay ratio and strong prior say‑on‑pay support of 92.6% of votes cast in 2025.
The Vanguard Group filed an Amendment No. 2 to a Schedule 13G/A reporting zero beneficial ownership in Carter Bankshares Inc common stock. The amendment states The Vanguard Group holds 0 shares and 0% of the class and disaggregates certain subsidiaries following an internal realignment.
The filing is signed by Ashley Grim, Head of Global Fund Administration, and reiterates that no single outside person holds more than 5% of the reported securities.
Carter Bankshares completed a major cleanup of problem credits by selling all loans, subsequently reduced to judgments, tied to entities in which James C. Justice, II has an interest. The bank sold these nonperforming, nonaccrual loans in an absolute “as-is, where-is” transaction to an unaffiliated third party for $289.48 million in cash, compared with an outstanding aggregate principal balance of $209.48 million and a specific reserve of $18.04 million as of December 31, 2025.
On a pro forma basis as of December 31, 2025, the sale would have reduced total loans to approximately $3.67 billion from $3.88 billion, while total assets would have been about $4.95 billion versus previously reported $4.85 billion. The allowance for credit losses would have been approximately $53.46 million, or 1.46% of total loans, compared with $71.49 million, or 1.84%, previously. Total nonperforming loans would have declined sharply to about $29.96 million, or 0.82% of total loans, from $243.98 million, or 6.29%.
The company currently estimates the transaction will increase tangible book value by approximately $3.49 per common share. Management emphasized that all pro forma figures are unaudited, based on preliminary assumptions, and presented for illustration only, with final impacts to be detailed in the March 31, 2026 quarterly results.
Carter Bankshares, Inc. Chief Executive Officer Van Dyke Litz reported a small tax-related share disposition. On the reported date, 819 shares of common stock were delivered at $20.98 per share to satisfy a tax liability, rather than sold in the open market. After this transaction, he directly held 67,467 shares of common stock, indicating the move was a routine administrative adjustment rather than a change in his overall investment position.
Carter Bankshares, Inc. president and chief strategy officer Bradford N. Langs reported a Form 4 transaction involving company common stock. On March 4, he had 638 shares disposed of at $20.98 per share to cover tax obligations, a routine tax-withholding event rather than an open-market sale. After this transaction, he directly owned 32,593 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. senior executive vice president and chief operating officer Matthew M. Speare reported a tax-related share disposition. On March 4, 411 shares of common stock were withheld at $20.98 per share to cover tax obligations, leaving him with 26,793 shares held directly.
Carter Bankshares, Inc. reported that Senior Executive VP and CFO Wendy S. Bell had 435 shares of Common Stock withheld on March 4 to cover tax obligations, at a reported value of $20.98 per share. After this tax-withholding disposition, she directly holds 40,223 shares of Carter Bankshares common stock.
Carter Bankshares, Inc. executive vice president and chief administrative officer Jane Ann Davis reported a small tax-related share disposition. On this Form 4, 309 shares of common stock were withheld at $20.98 per share to cover tax obligations, and she now directly holds 12,430 shares.
Carter Bankshares, Inc., a Martinsville, Virginia-based financial holding company with $4.9 billion in assets at December 31, 2025, operates 64 branches in Virginia and North Carolina through Carter Bank & Trust. The company earns most of its revenue from interest on loans and securities, supplemented by fees from a broad mix of commercial and consumer banking products and extensive digital services.
During 2025 it completed the purchase of two North Carolina branches, adding $55.9 million in deposits, and elected financial holding company status while the bank joined the Federal Reserve System. Human capital remains a focus, with 687 full-time associates, a 15.1% voluntary turnover rate, structured training and leadership programs, and stock awards for high performers.
The filing emphasizes significant credit and concentration risk. Nonperforming loans total $244.0 million, or 6.29% of the loan portfolio, dominated by a single large relationship with Justice-affiliated entities totaling $214.0 million, representing 87.7% of nonperforming assets and 5.5% of total loans. These loans are on nonaccrual, causing approximately $91.2 million of foregone interest and higher FDIC insurance assessments. The bank also holds substantial commercial real estate exposure, with CRE (excluding construction) of about $2.2 billion (57.1% of loans), hospitality loans of $373.5 million (9.6%), and CRE construction loans of $481.8 million (12.4%), which regulators may scrutinize closely.