Carter Bankshares Files 8-K

Ticker: CARE · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1829576

Carter Bankshares, Inc. 8-K Filing Summary
FieldDetail
CompanyCarter Bankshares, Inc. (CARE)
Form Type8-K
Filed DateJul 29, 2024
Risk Levellow
Pages5
Reading Time6 min
Key Dollar Amounts$1.00
Sentimentneutral

Sentiment: neutral

Topics: sec-filing, 8-k, regulatory

TL;DR

Carter Bankshares filed a routine 8-K on 7/29/24.

AI Summary

Carter Bankshares, Inc. filed an 8-K on July 29, 2024, to report current information. The filing does not contain specific financial details or material events beyond the standard reporting requirements for the date.

Why It Matters

This filing indicates Carter Bankshares, Inc. is adhering to its regulatory reporting obligations with the SEC.

Risk Assessment

Risk Level: low — The filing is a standard current report with no disclosed material events or financial changes.

Key Players & Entities

  • Carter Bankshares, Inc. (company) — Registrant
  • Virginia (location) — State of incorporation
  • July 29, 2024 (date) — Date of earliest event reported

FAQ

What is the purpose of this 8-K filing?

This 8-K filing is a current report filed by Carter Bankshares, Inc. to disclose information as required by the Securities Exchange Act of 1934.

When was this 8-K filed?

The filing date for this 8-K report is July 29, 2024.

What is the principal executive office address for Carter Bankshares, Inc.?

The principal executive offices are located at 1300 Kings Mountain Road, Martinsville, Virginia 24112.

What is the telephone number for Carter Bankshares, Inc.?

The registrant's telephone number, including area code, is (276) 656-1776.

What is the SIC code for Carter Bankshares, Inc.?

The Standard Industrial Classification code for Carter Bankshares, Inc. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.

Filing Stats: 1,599 words · 6 min read · ~5 pages · Grade level 17.8 · Accepted 2024-07-29 10:12:59

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 June 30, 2024 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 in Mr. Van Dyke's quotes and statements relating to our financial condition, market conditions, results of operations, plans, objectives, outlook for earnings, strategic initiatives and related earn-back periods, 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

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: July 29, 2024 By: /s/ Wendy S. Bell Name: Wendy S. Bell Title: Chief Financial Officer

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