Carter Bankshares, Inc. released its second quarter 2026 investor presentation, highlighting a net income of $28.9 million for the period. The company executed a strategic repositioning of its available-for-sale securities portfolio, replacing $139.4 million of assets yielding 2.28% with $88.5 million of new investments yielding 5.27%. Total assets reached $4.8 billion with $3.7 billion in loans and $4.2 billion in deposits as of June 30, 2026. The company also noted the successful resolution of its largest nonperforming loan relationship in the first quarter of 2026. Carter Bankshares, Inc. is a financial services company that operates as a regional community bank providing commercial and retail banking services.

Carter Bankshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share. The dividend is payable on August 24, 2026, to shareholders of record as of August 10, 2026. Based on the July 22, 2026, closing price of $32.92, the annualized dividend yield is 1.22%. The company operates in the financial services industry, providing commercial and consumer banking through its subsidiary, Carter Bank.

Carter Bankshares, Inc. reported second quarter 2026 financial results, announcing a quarterly net income of $28.9 million, or $1.31 diluted earnings per share. The company completed a strategic repositioning of its available-for-sale securities portfolio, resulting in a pre-tax loss of $12.5 million. Additionally, the company generated approximately $100.9 million in aggregate nonrecurring gains during the first six months of 2026, Aggregate gains from the sale of Bearing Insurance Group, LLC and a large nonperforming credit relationship in the first quarter 2026. The company operates in the financial services industry and provides commercial and consumer banking services through its subsidiary, Carter Bank.

Carter Bankshares, Inc. entered into amended and restated employment and change of control severance agreements with several key officers, including CEO Litz H. Van Dyke, President Bradford N. Langs, CFO Wendy S. Bell, COO Matthew M. Speare, and Chief Credit Officer Tony E. Kallsen. The updates include base salary floors, expanded clawback provisions, and adjustments to termination and severance provisions to comply with new Virginia law effective July 1, 2026. Carter Bankshares, Inc. is a financial services company providing banking and trust services.