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AI brief of an SEC Form 8-K · Carter Bankshares, Inc. (CARE)

Carter Bankshares Q3 net income $7.8 million, down from Q2 but up from a year earlier

Mixed Impact 3 of 5 earnings Written later

Carter Bankshares furnished a third-quarter 2026 investor presentation as Exhibit 99.1 to an 8-K filed November 3, 2026. Net income was $7.8 million, or $0.35 diluted EPS, down from $28.9 million and $1.31 in the second quarter but up from $5.4 million and $0.24 a year earlier, and the second-quarter comparison included a $35.9 million insurance transaction gain and $12.5 million in securities losses.

Key points

  • Q3 2026 net income $7.8 million vs. $28.9 million in Q2 2026 and $5.4 million in Q3 2025
  • Diluted EPS $0.35 vs. $1.31 in Q2 2026 and $0.24 in Q3 2025; adjusted diluted EPS $0.35 vs. $0.53 in Q2
  • Q2 2026 results included a $35.9 million gain on the Insurance Transaction and $12.5 million in securities losses from the portfolio repositioning
  • Common Equity Tier 1 ratio was 14.24% at September 30, 2026; Q3 share repurchases totaled 74,151 shares for $2.2 million

The filing

CompanyCarter Bankshares, Inc. (CARE)
Form8-K, current report
Filed with the SECNov 3, 2026, 11:34 AM ET
Accession number0001829576-26-000094

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.