Short answer
Carter Bankshares, Inc. (CARE) filed an 8-K current report with the SEC on May 1, 2026 reporting Item 8.01 (Other Events). Sale of Bearing Insurance Group, LLC membership interest completed May 1, 2026.
Carter Bankshares, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Sale of Bearing Insurance Group, LLC membership interest completed May 1, 2026
- Estimated pre-tax gain of approximately $35.8 million, recognized in second-quarter 2026 results
- One-time gain could materially boost reported second-quarter earnings and capital, but does not represent recurring banking income
- Final proceeds remain subject to post-closing purchase-price or other adjustments
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Carter Bankshares, Inc. 8-K filings
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