Carter Bankshares posts Q2 2026 results; reinstates dividend, $4.8B assets, CET1 14.26%

Carter Bankshares reported second-quarter 2026 results highlighting $4.8B in assets and a CET1 ratio of 14.26%.Key Highlights:Original SEC Filing: Carter Bankshares, Inc. [ CARE ] - 8-K - Jul. 27, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important informati…

Carter Bankshares reported second-quarter 2026 results highlighting $4.8B in assets and a CET1 ratio of 14.26%.

Key Highlights:

Filed investor presentation disclosing Q2 2026 financials, strategies and risk factors.
Assets $4.80B; loans $3.73B; deposits $4.20B; shareholders' equity $539.1M at June 30, 2026.
CET1 14.26%, total risk-based capital 15.51% and leverage ratio 11.65% — well above regulatory minima.
Net income $28.9M for Q2; adjusted net income $11.6M; adjusted diluted EPS $0.53 and adjusted ROA 0.96% (QTD).
Executed portfolio actions: sold largest NPL, repositioned $139.4M AFS securities to raise yields and reinstated quarterly cash dividend.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.