Carter Bankshares sells $139.4 million AFS securities in portfolio repositioning, books $12.5 million pre-tax loss

Carter Bankshares, Inc.

Carter Bankshares, Inc.

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  • Carter Bankshares completed a securities available-for-sale portfolio repositioning on May 29, 2026.
  • Sold USD 139.4 million of available-for-sale securities at a 2.28% weighted average yield, about 18.7% of the securities portfolio.
  • Bought about USD 88.5 million of available-for-sale securities at an about 5.27% weighted average yield; all rated AAA or AA.
  • Estimated pre-tax loss of about USD 12.5 million, to be recorded in second-quarter 2026 results.
  • Expected payback of about 2.98 years; projected annual interest income uplift of about USD 4.2 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829576-26-000056), on May 29, 2026, and is solely responsible for the information contained therein.

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