Short answer
Carter Bankshares, Inc. (CARE) filed an 8-K current report with the SEC on May 29, 2026 reporting Item 7.01 (Regulation FD Disclosure). Sold $139.4M of low-yield securities at 2.28% weighted yield, representing 18.7% of the securities portfolio.
Carter Bankshares, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- Sold $139.4M of low-yield securities at 2.28% weighted yield, representing 18.7% of the securities portfolio
- Purchased $88.5M of AAA/AA securities at approximately 5.27% weighted yield, materially increasing portfolio income potential
- Expected $12.5M pretax loss in Q2 2026, creating near-term earnings pressure
- Projected annual interest-income improvement of $4.2M and recovery of the loss over approximately 2.98 years
- Remaining proceeds targeted for organic loan growth, increasing exposure to lending execution and credit-market conditions
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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