Carter Bankshares, Inc. filings document the company’s role as the holding company for Carter Bank, its CARE common stock listed on the Nasdaq Global Select Market, and recurring bank disclosures on results of operations, financial condition, investor presentations, capital returns, and asset quality. Form 8-K reports cover quarterly results, Regulation FD presentations, dividend actions, completed loan and asset sales, and other material events.
Proxy materials disclose board matters, executive compensation, equity awards, shareholder voting items, and governance practices. The filings also address bank-specific disclosures tied to credit performance, liquidity, capital levels, regulatory oversight, loan portfolio composition, and forward-looking statements used in financial and strategic reporting.
Carter Bankshares, Inc. president and chief strategy officer Bradford N. Langs reported an open-market sale of 5,500 shares of Common Stock. The sale was executed at an average price of $26.4651 per share. Following this transaction, Langs directly owns 27,093 Carter Bankshares shares, with no derivative positions reported in this filing.
Carter Bankshares, Inc. director Elizabeth L. Walsh reported a Form 4 showing a bona fide gift of 725 shares of Common Stock to her mother. After this gift, she directly holds 58,028 shares of Common Stock.
The filing also lists indirect holdings in Carter Bankshares Common Stock, including 16,000 shares held by Lester Family Holdings, 367,771 shares held by EASG, LLC, and 4,769 shares held by Carriage Square. These entries describe ownership positions rather than new market transactions.
Carter Bankshares, Inc. reported strong first-quarter 2026 results driven by a major credit resolution. Net income rose to $85.8 million from $9.0 million a year earlier, and basic and diluted earnings per share increased to $3.88 from $0.39.
The company completed an absolute sale of all loans reduced to judgments related to entities associated with James C. Justice II. This Transaction generated a $65.0 million gain, a $15.0 million net recovery on the judgments, and allowed release of $18.0 million of specific reserves, sharply reducing nonperforming loans.
Total assets were $4.80 billion at March 31, 2026, with portfolio loans of $3.73 billion and deposits of $4.24 billion. The allowance for credit losses on loans declined to $52.5 million from $71.5 million at year-end, reflecting the Transaction and overall credit metrics that show low charge-offs and significantly lower nonaccrual balances. Cash and cash equivalents more than doubled to $228.3 million, helped by $289.5 million of proceeds from the Transaction and portfolio loan transfers to held-for-sale.
Carter Bankshares, Inc. director Elizabeth L. Walsh reported an open-market purchase of 4,575 shares of Common Stock at $26.20 per share. After this purchase, she directly owns 58,753 shares of Carter Bankshares Common Stock.
In addition to her direct holdings, the filing shows indirect ownership of 16,000 shares by Lester Family Holdings, 367,771 shares by EASG, LLC, and 4,769 shares by Carriage Square. These positions reflect shares held through affiliated entities rather than in her own name.
Carter Bankshares, Inc. director James W. Haskins sold shares of the company’s common stock. On May 5, 2026, he completed an open-market sale of 1,000 shares at $26.04 per share. Following the sale, he directly holds 62,702 shares and 1,751 shares are held indirectly by his spouse.
Carter Bankshares, Inc. furnished a first-quarter 2026 investor presentation highlighting a major cleanup of legacy credit issues and stronger capital and liquidity. The bank completed the sale of its largest legacy nonperforming loan relationship, receiving total consideration of $289.5M and recognizing $98.0M of combined gain, recovery and reserve release.
For Q1 2026, net income was $85.8M, with adjusted net income of $8.6M excluding the one-time transaction effects. Asset quality improved sharply, as nonperforming loans fell to 0.64% of portfolio loans and past due loans were 0.08%. The bank reported $4.8B in assets, $3.7B in loans and $4.2B in deposits, with a Common Equity Tier 1 ratio of 13.52% and total available liquidity of about $1.6B.
Carter Bankshares, Inc., holding company for Carter Bank & Trust, has completed the sale of its membership interest in Bearing Insurance Group, LLC to an unaffiliated third party, effective May 1, 2026.
Based on current information, the company estimates a pre-tax gain of approximately $35.8 million from this transaction, expected to be recognized in its financial results for the second quarter of 2026. The company also highlights that statements about the financial impact of the sale are forward-looking and subject to various risks and uncertainties.
Carter Bankshares Inc reported a Schedule 13G filing showing that Vanguard Capital Management beneficially owns 1,130,904 shares, representing 5.10% of the common stock. The filing states Vanguard has sole dispositive power over 1,130,904 shares and sole voting power for 145,921 shares. The filing attributes ownership to Vanguard Capital Management LLC and affiliated business divisions that exercise dispositive or voting power for certain funds and accounts.
Davis Jane Ann reported acquisition or exercise transactions in this Form 4 filing.
Carter Bankshares, Inc. executive vice president and chief administrative officer Jane Ann Davis received a grant of 1,850 shares of common stock as a restricted stock award. The grant price was recorded at $0.00 per share, indicating a compensation award rather than an open-market purchase.
After this award, Davis directly holds 13,984 common shares. According to the footnote, these restricted shares have a three-year vesting schedule and are scheduled to fully vest on April 27, 2029, tying the award to long-term service and performance at the company.
Adams Arthur Loran reported acquisition or exercise transactions in this Form 4 filing.
Carter Bankshares, Inc. executive vice president Arthur Loran Adams reported receiving a grant of 1,650 shares of common stock as equity compensation. The award was granted at a price of $0.00 per share, reflecting a restricted stock grant rather than an open-market purchase.
According to the filing, Adams now holds 13,062 shares of Carter Bankshares common stock directly following this award. A footnote states that these restricted stock awards have three-year vesting and will fully vest on April 27, 2029, tying the value to the executive’s continued service over time.