Carter Bankshares, Inc. (CARE)

Quarterly Report Filed: 2026-05-07

Key Insights

Q1 2026 10-Q filing shows Carter Bankshares maintains diversified loan portfolio across commercial real estate, commercial & industrial, residential, and consumer segments, with detailed restructured loan tracking indicating active portfolio management.
Filing demonstrates comprehensive securities portfolio including U.S. government agencies, residential and commercial mortgage-backed securities, and corporate debt, suggesting balanced risk management approach to interest rate environment.
The company shows sophisticated derivative and swap activities in quarterly results, indicating proactive management of interest rate exposure and liquidity risk in an uncertain rate environment.

Insider Trading Filed: 2026-05-07

Key Insights

Director Elizabeth L. Walsh acquired 4,575 shares of common stock on 05/06/2026 at $26.20 per share, representing a direct purchase totaling approximately $119,895, indicating insider confidence in the company's valuation.
Walsh maintains significant beneficial ownership across multiple entities: 367,771 shares via EASG LLC, 16,000 shares via Lester Family Holdings, and 4,769 shares via Carriage Square, demonstrating substantial long-term commitment with total holdings exceeding 388,000 shares.
The transaction was executed through a potential Rule 10b5-1 trading plan (as indicated by the checkbox), suggesting a pre-arranged purchase schedule that reduces concerns about selective timing or information asymmetry.
Post-transaction direct ownership increased to 58,753 shares following the purchase, showing Walsh's growing direct stake in the company alongside existing indirect holdings.

Insider Trading Filed: 2026-05-06

Key Insights

Director James W. Haskins sold 1,000 shares of CARE at $26.04 per share on May 5, 2026, representing a modest insider sale transaction.
Haskins maintains significant direct beneficial ownership of 62,702 shares following the sale, indicating continued confidence in the company despite the transaction.
The filing shows indirect beneficial ownership of 1,751 shares held by spouse, demonstrating family-level stake in Carter Bankshares.
As a director-level insider, this sale activity warrants monitoring for potential patterns, though a single 1,000-share transaction is relatively routine for executive-level management.

Current Report Filed: 2026-05-01

Key Insights

Carter Bankshares filed a routine 8-K to furnish an investor presentation dated March 31, 2026, containing financial data for management use with investors and analysts, with no material events or transactions disclosed.
The filing includes extensive forward-looking statements disclaimers highlighting key risks including interest rate exposure, CRE loan concentration, credit losses, regulatory oversight, and macroeconomic sensitivities that could materially impact future results.
The information is being furnished under Regulation FD but explicitly stated as not 'filed' for liability purposes under Section 18 of the Exchange Act, limiting legal recourse for investors relying on the presentation data.
Primary risks cited include CRE loan portfolio concentration, CECL methodology volatility, cybersecurity threats, geopolitical impacts, and potential changes in federal monetary policy and regulatory priorities affecting the banking sector.

Current Report Filed: 2026-05-01

Key Insights

Carter Bankshares completed the sale of its membership interest in Bearing Insurance Group, LLC, generating an estimated pre-tax gain of approximately $35.8 million to be recognized in Q2 2026 financial results.
The divestiture represents a strategic shift away from insurance operations, allowing the company to focus on its core banking business through Carter Bank & Trust.
The company issued forward-looking statements cautioning investors that actual financial impacts may differ from current estimates due to post-closing adjustments and various market factors including interest rates, real estate concentrations, and CECL accounting methodology volatility.

Insider Trading Filed: 2026-04-29

Key Insights

Jane Ann Davis, EVP and Chief Administrative Officer, acquired 1,850 shares of restricted stock on 04/27/2026 with a $0 price, indicating this was a compensation award rather than an open market purchase.
The restricted stock has a 3-year vesting schedule fully vesting on 04/27/2029, which is a standard executive compensation arrangement that aligns management incentives with long-term company performance.
Following this transaction, Davis now beneficially owns 13,984 shares directly, representing a meaningful stake that demonstrates executive confidence in Carter Bankshares' future prospects.
The transaction filing was signed by an attorney-in-fact (Abigail E. McGuire) on 04/29/2026, two days after the transaction date, which is normal administrative processing.

Insider Trading Filed: 2026-04-29

Key Insights

EVP and Director of Regulatory Risk Management Arthur Loran Adams acquired 1,650 shares of CARE common stock on 04/27/2026 at $0 price, indicating a restricted stock award rather than open market purchase.
The restricted stock grant includes a 3-year vesting schedule with full vesting on 04/27/2029, representing compensation alignment with long-term company performance rather than speculative insider trading.
Post-transaction beneficial ownership stands at 13,062 shares directly held, demonstrating meaningful personal investment by a senior regulatory officer in the company.
The transaction was executed through an attorney-in-fact and filed within required timeframes, indicating proper governance and compliance with Section 16 reporting obligations.

Current Report Filed: 2026-04-23

Key Insights

Carter Bankshares declared a quarterly cash dividend of $0.10 per share payable May 25, 2026, representing a 1.64% annualized yield based on April 21, 2026 closing price of $24.44, indicating continued shareholder return capacity.
The filing is routine dividend announcement with no material business developments, strategic changes, or financial surprises disclosed, making this a standard capital allocation communication.
Extensive forward-looking statements and risk disclosures highlight significant exposure to interest rate volatility, commercial real estate concentration, credit quality risks, and regulatory/geopolitical uncertainties that could impact future earnings and capital positions.

Current Report Filed: 2026-04-23

Key Insights

Carter Bankshares announced Q1 2026 financial results on April 23, 2026, via press release; however, the detailed earnings metrics are not included in this 8-K filing itself, limiting ability to assess actual financial performance.
The filing contains extensive forward-looking statements disclaimers highlighting significant risks including interest rate volatility, commercial real estate concentration, credit losses, regulatory changes, and cybersecurity threats that could materially impact results.
The company specifically identifies CECL (Current Expected Credit Losses) methodology adoption as a potential source of operating results volatility, suggesting investors should monitor allowance for credit losses in upcoming periods.
Material risk factors emphasized include CRE loan concentration, nonperforming asset resolution challenges, and geopolitical/macro uncertainties affecting borrower obligations and collateral values, indicating elevated credit risk exposure.

Insider Trading Filed: 2026-04-21

Key Insights

Jane Ann Davis, EVP and Chief Administrative Officer, acquired 296 shares of CARE at $24.24 per share on 04/20/2026, bringing her total beneficial ownership to 12,134 shares, indicating modest insider confidence in the stock price.
This appears to be a routine stock acquisition under what may be a Rule 10b5-1 trading plan, as suggested by the Form 4 checkbox, representing a relatively small transaction (~$7,175 total value) not indicative of material insider conviction.
The transaction is relatively minor in scale compared to typical insider trades and does not represent a significant accumulation pattern, limiting its value as a strong positive or negative signal for investors.

Current Report Filed: 2026-03-26

Key Insights

Carter Bankshares, Inc. has completed the sale of all loans related to entities in which James C. Justice, II has an interest, generating $289.48 million in cash.
The transaction has significantly improved Carter Bankshares' financial position, reducing nonperforming loans from 6.29% to 0.82% of total loans and increasing tangible book value per share by approximately $3.49.
The company will provide additional details on the impact of the transaction in their upcoming earnings release and quarterly report, which will be important for investors to monitor.

Annual Report Filed: 2026-03-05