Carter Bankshares Files 8-K on Financials
Ticker: CARE · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1829576
| Field | Detail |
|---|---|
| Company | Carter Bankshares, Inc. (CARE) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, 8-k, operations
TL;DR
Carter Bankshares dropped an 8-K detailing their financial condition - check it out.
AI Summary
Carter Bankshares, Inc. filed an 8-K on January 23, 2025, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits related to the company's performance. Carter Bankshares, Inc. is a national commercial bank incorporated in Virginia.
Why It Matters
This filing provides investors with updated financial information and operational results for Carter Bankshares, Inc., crucial for assessing the company's performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial reporting filing (8-K) and does not indicate any unusual or immediate risks.
Key Players & Entities
- Carter Bankshares, Inc. (company) — Registrant
- January 23, 2025 (date) — Date of Report
- Virginia (location) — State of Incorporation
- Martinsville (location) — Principal Executive Offices City
FAQ
What specific financial information is being reported in this 8-K?
The filing indicates it pertains to 'Results of Operations and Financial Condition' and includes 'Financial Statements and Exhibits'.
When was this 8-K report filed?
The report was filed on January 23, 2025.
What is the principal business of Carter Bankshares, Inc.?
Carter Bankshares, Inc. is classified under 'NATIONAL COMMERCIAL BANKS [6021]'.
Where is Carter Bankshares, Inc. headquartered?
The principal executive offices are located at 1300 Kings Mountain Road, Martinsville, Virginia 24112.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This Current Report is filed Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,545 words · 6 min read · ~5 pages · Grade level 18.3 · Accepted 2025-01-23 08:26:19
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value CARE NASDAQ Global Select Mar
Filing Documents
- care-20250123.htm (8-K) — 31KB
- care-4q24_ex991xer.htm (EX-99.1) — 762KB
- 0001829576-25-000003.txt ( ) — 967KB
- care-20250123.xsd (EX-101.SCH) — 2KB
- care-20250123_lab.xml (EX-101.LAB) — 23KB
- care-20250123_pre.xml (EX-101.PRE) — 13KB
- care-20250123_htm.xml (XML) — 3KB
02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 23, 2025, Carter Bankshares, Inc. announced by press release its financial results for the three and twelve months ended December 31, 2024. 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 2024 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 may include 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
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 23, 2025 By: /s/ Wendy S. Bell Name: Wendy S. Bell Title: Chief Financial Officer