Short answer
Carter Bankshares, Inc. (CARE) filed an 8-K current report with the SEC on July 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q2 and first-half 2026 financial results announced for periods ended June 30, 2026.
Carter Bankshares, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q2 and first-half 2026 financial results announced for periods ended June 30, 2026
- Press release is the substantive source of operating results, attached as Exhibit 99.1
- Earnings disclosure furnished under Item 2.02 for investor review
Item EX-99.1 · Exhibit EX-99.1
- Q2 net income $28.9M, or $1.31 EPS, versus $8.5M and $0.37 year over year
- Core adjusted net income $11.6M, highlighting substantial reliance on nonrecurring gains
- Net interest margin expanded to 3.38% from 2.80%, supported by lower funding costs and higher asset yields
- Insurance sale generated $35.9M pre-tax gain and increased tangible book value $1.28 per share
- Credit risk increased sequentially, with nonperforming loans rising to $37.6M and 1.01% of portfolio loans
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