Carter Bankshares Files 8-K on Financial Results

TL;DR

**CARE just dropped an 8-K on financial results, time to check their numbers!**

AI Summary

Carter Bankshares, Inc. (trading as CARE on NASDAQ) filed an 8-K on January 25, 2024, to report its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the bank's health and profitability. For shareholders, this matters because it offers transparency into how the bank is performing, directly impacting their investment's value and future prospects.

Why It Matters

This filing provides investors with the latest financial performance data for Carter Bankshares, Inc., which is essential for evaluating the company's current health and future investment potential.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently indicate new risks.

Analyst Insight

A smart investor would review the detailed financial statements and results of operations that are part of this 8-K filing to assess Carter Bankshares, Inc.'s performance and make informed decisions about their investment.

Key Numbers

• $1.00 — par value per share (par value of Carter Bankshares, Inc. Common Stock)

Key Players & Entities

• Carter Bankshares, Inc. (company) — the registrant filing the 8-K
• CARE (company) — trading symbol for Carter Bankshares, Inc.
• NASDAQ Global Select Market (company) — exchange where CARE's common stock is registered
• January 25, 2024 (date) — date of earliest event reported and filing date
• $1.00 (dollar_amount) — par value of Common Stock

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 par value CARE NASDAQ Global Select Mar

Filing Documents

• care-20240125.htm (8-K) — 32KB
• care-4q23_ex991xer.htm (EX-99.1) — 823KB
• 0001829576-24-000005.txt ( ) — 1036KB
• care-20240125.xsd (EX-101.SCH) — 2KB
• care-20240125_lab.xml (EX-101.LAB) — 25KB
• care-20240125_pre.xml (EX-101.PRE) — 13KB
• care-20240125_htm.xml (XML) — 3KB

02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 25, 2024, Carter Bankshares, Inc. announced by press release its financial results for the three and twelve months ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 . The information contained in this Report on Form 8-K is furnished pursuant to Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Exhibit 99.1 Press Release announcing Fourth Quarter and Full Year 2023 Financial Results. Important Note Regarding Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements made in Mr. Van Dyke's quotes and statements relating to our financial condition, market conditions, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality and nonaccrual and nonperforming loans. Forward looking statements are typically identified by words or phrases such as "will likely result," "expect," "anticipate," "estimate," "forecast," "project," "intend," " believe," "assume," "strategy," "trend," "plan," "outlook," "outcome," "continue," "remain," "potential," "opportunity," "comfortable," "current," "position," "maintain," "sustain," "seek," "achieve" and variations of such words and similar expressions, or future or conditional verbs such as will, would, should, could or may. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumption that are difficult to predict and often are beyond the Company's control. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements including, but not limited to the effects of: market interest rates and the impacts of market in

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARTER BANKSHARES, INC. (Registrant) Date: January 25, 2024 By: /s/ Wendy S. Bell Name: Wendy S. Bell Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR