Carter Bankshares, Inc. — Form 8-K
Filed July 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
In Q2 2026, Carter Bankshares (market cap ~$378M) reported net income of $28.9M ($1.31 diluted EPS) vs. $8.5M ($0.37 EPS) in Q2 2025, driven by $35.9M gain on sale of Bearing Insurance Group membership. Separately, the company executed $139.4M portfolio repositioning in Q2 2026, swapping $88.5M securities yielding 2.28% for new investments at 5.27% yield. YTD 2026 loan production reached $370.6M (71% funded at 6.18% rate), offset by $226.1M payoffs. The largest NPL relationship was sold in Q1 2026 for $65M gain, reducing NPLs from 6.29% to 1.01% of portfolio loans. Capital ratios strengthened: CET1 14.26%, Total Risk-based 15.51%, with $1.8B liquidity and 237.9% coverage of uninsured deposits.
Why this rating
NPL resolution and capital strengthening are material positive developments for a $378M bank, yet offset by modest organic loan growth and NIM compression (3.40% Q2 2026 vs. 2.82% Q2 2025); strategic rather than transformational.
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