Carter Bankshares to Announce Q4/FY23 Results Feb 7, Host Call Feb 8

Ticker: CARE · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1829576

Carter Bankshares, Inc. 8-K Filing Summary
FieldDetail
CompanyCarter Bankshares, Inc. (CARE)
Form Type8-K
Filed DateJan 30, 2024
Risk Levellow
Pages5
Reading Time7 min
Key Dollar Amounts$1.00
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: earnings-release, conference-call, financial-results

TL;DR

**Carter Bankshares is dropping Q4/FY23 earnings on Feb 7, with a call on Feb 8; get ready for market moves.**

AI Summary

Carter Bankshares, Inc. (NASDAQ: CARE) filed an 8-K on January 30, 2024, to announce that it will be releasing its fourth-quarter and full-year 2023 financial results on Wednesday, February 7, 2024, after the market closes. Following the release, the company will host a conference call and webcast on Thursday, February 8, 2024, at 10:00 a.m. ET to discuss these results. This matters to investors because it provides a specific date to anticipate crucial financial performance data, which can influence stock price and future investment decisions.

Why It Matters

This filing sets the expectation for when investors will receive key financial performance data, allowing them to prepare for potential stock price movements and evaluate the company's health.

Risk Assessment

Risk Level: low — This filing is purely informational, announcing an upcoming event, and does not contain any immediate financial risks or changes to the company's operations.

Analyst Insight

A smart investor would mark February 7th and 8th on their calendar to review Carter Bankshares' Q4/FY23 earnings report and listen to the conference call for insights into the company's financial health and future outlook.

Key Players & Entities

  • Carter Bankshares, Inc. (company) — the registrant filing the 8-K
  • January 30, 2024 (date) — date of earliest event reported
  • February 7, 2024 (date) — date of Q4 and full-year 2023 financial results release
  • February 8, 2024 (date) — date of conference call and webcast
  • 10:00 a.m. ET (time) — start time of the conference call and webcast

Forward-Looking Statements

  • Carter Bankshares' stock price (CARE) will experience increased volatility around February 7-8, 2024, due to the earnings release and conference call. (CARE) — medium confidence, target: 2024-02-08

FAQ

What is the purpose of this 8-K filing by Carter Bankshares, Inc.?

The purpose of this 8-K filing is to announce that Carter Bankshares, Inc. will release its fourth-quarter and full-year 2023 financial results on Wednesday, February 7, 2024, and host a conference call and webcast on Thursday, February 8, 2024, at 10:00 a.m. ET to discuss these results.

When will Carter Bankshares, Inc. release its fourth-quarter and full-year 2023 financial results?

Carter Bankshares, Inc. will release its fourth-quarter and full-year 2023 financial results on Wednesday, February 7, 2024, after the market closes.

When is the conference call and webcast scheduled to discuss the financial results?

The conference call and webcast to discuss the financial results are scheduled for Thursday, February 8, 2024, at 10:00 a.m. ET.

What is the trading symbol for Carter Bankshares, Inc.?

The trading symbol for Carter Bankshares, Inc. is CARE, and its common stock is registered on the NASDAQ Global Select Market.

What is the address of Carter Bankshares, Inc.'s principal executive offices?

The address of Carter Bankshares, Inc.'s principal executive offices is 1300 Kings Mountain Road, Martinsville, Virginia 24112.

Filing Stats: 1,630 words · 7 min read · ~5 pages · Grade level 18.1 · Accepted 2024-01-30 10:36:35

Key Financial Figures

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

Filing Documents

01. REGULATION FD DISCLOSURE

ITEM 7.01. REGULATION FD DISCLOSURE. The attached investor presentation contains financial data that members of management will use from time to time with investors, analysts and other interested parties to assist in their understanding of Carter Bankshares, Inc. ("the Company"). The investor presentation is also available on the Company's website at www.CBTCares.com. The presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Exhibit 99.1 December 31, 2023 Investor Presentation. The information in this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished under Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of Carter Bankshares, Inc., under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. 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 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, an

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 30, 2024 By: /s/ Wendy S. Bell Name: Wendy S. Bell Title: Chief Financial Officer

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