Carter Bankshares, Inc.: management transactions · United States · SEC (Form 4)

About Carter Bankshares, Inc.

Carter Bankshares, Inc. (NASDAQ: CARE) is a U.S.-listed bank holding company trading on the NASDAQ Global Select Market in the United States. It is the parent of Carter Bank & Trust, a state-chartered community bank headquartered in Martinsville, Virginia. From an equity analyst perspective, CARE fits the profile of a regional banking franchise: relationship-based deposit gathering, commercial and consumer lending, mortgage services, and a conservative balance-sheet focus rather than a national-scale, capital-markets-driven model. As of December 31, 2025, the company reported approximately $4.9 billion in assets, placing it in the mid-sized regional bank category. ([investors.carterbank.com](https://investors.carterbank.com/overview/default.aspx?utm_source=openai)) The company’s roots go back to 1974, when the bank was established de novo as First National Bank of Rocky Mount, Virginia. In 2006, Carter Bank & Trust was created through the merger of ten banks, and the Carter Bankshares holding company was formed in 2020. That history matters because it reflects a franchise built through long-term local banking relationships and regional expansion, not through a large-scale national acquisition strategy. The current headquarters remains in Martinsville, Virginia. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1829576/000182957626000044/carterinvestordeck1q26.htm?utm_source=openai)) Operationally, Carter Bank offers a full range of commercial banking, consumer banking, mortgage, and related financial services through its banking subsidiary. The company emphasizes a diversified and granular deposit base, a community-bank model, and a branch network concentrated in Virginia and nearby markets. In the competitive landscape of U.S. regional banks, CARE’s strengths are its local footprint, familiarity with small and mid-sized business customers, and traditional relationship banking approach. Its competitive position is therefore rooted more in local market relevance and service quality than in national scale. ([nasdaq.com](https://www.nasdaq.com/press-release/carter-bankshares-inc-announces-fourth-quarter-and-full-year-2025-financial-results?utm_source=openai)) Recent developments have been important for the investment narrative. In early 2026, Carter Bankshares released full-year 2025 results and highlighted improved capital and liquidity, along with branding modernization and product/service refresh initiatives. The company also announced the sale of its membership interest in Bearing Insurance Group, LLC, effective May 1, 2026, signaling a sharper focus on core banking activities. In addition, disclosures pointed to solid funding flexibility through FHLB borrowing capacity. Taken together, these updates suggest a regional bank working to simplify its structure, strengthen financial flexibility, and improve operating momentum. ([nasdaq.com](https://www.nasdaq.com/press-release/carter-bankshares-inc-announces-fourth-quarter-and-full-year-2025-financial-results?utm_source=openai))