CARE / Carter Bankshares, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Carter Bankshares, Inc.
US ˙ NasdaqGS ˙ US1461031064

Mga Batayang Estadistika
LEI 549300SO0M022D8D8358
CIK 1829576
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Carter Bankshares, Inc.
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
August 11, 2025 EX-99.1

Date: August 11, 2025

Exhibit 99.1 Date: August 11, 2025 Subject Line: Communication from Litz Dear Fellow Associates: I am personally writing my work family to update you regarding a health matter that I will be navigating over the coming weeks. Recently I started noticing some changes in my health, which led me to consult with a number of physicians and specialists and undergo a series of tests. Those tests identifie

August 11, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2025 CARTER BANKSHARES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

August 4, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER

July 28, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 28, 2025 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 28, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 28, 2025 EX-99.1

Investor Presentation Second Quarter 2025 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-lookin

Investor Presentation Second Quarter 2025 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

July 24, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 24, 2025 EX-99.1

Carter Bankshares, Inc. Announces Second Quarter 2025 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – July 24, 2025 Carter Bankshares, Inc. Announces Second Quarter 2025 Financial Results Martinsville, VA, July 24, 2025 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced quarterly net income of $8.5 million, or $0.37 diluted earnings per share (“EPS”), for the second quarter of 2025 compared t

May 29, 2025 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 28, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 27, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2025 CARTER BANKSHARES, I

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 27, 2025 EX-99.1

Carter Bank completes the purchase of two First Reliance Bank branches in North Carolina Through the purchase, the Bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte.

Contact: Brooks Taylor VP, Corporate Communications Officer [email protected] 276.806.5445 FOR IMMEDIATE RELEASE Carter Bank completes the purchase of two First Reliance Bank branches in North Carolina Through the purchase, the Bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte. Martinsville, Va. (May 27, 2025) — Carter Bankshares, Inc.

May 20, 2025 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 8, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTE

May 1, 2025 EX-99

Investor Presentation First Quarter 2025 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking

Investor Presentation First Quarter 2025 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

May 1, 2025 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 1, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fil

April 25, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Defin

April 25, 2025 ARS

Annual Report 2 0 2 4 Corporate Headquarters at Beaver Creek NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc. 1300 KINGS MOUNTAIN ROAD MARTINSVILLE, VIRGINIA 24112 NOTICE IS HEREBY GIVEN that pursuant to its Bylaws and call of i

Annual Report 2 0 2 4 Corporate Headquarters at Beaver Creek NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc.

April 24, 2025 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

April 24, 2025 EX-99.1

Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – April 24, 2025 Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results Martinsville, VA, April 24, 2025 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share (“EPS”), for the first quarter of 2025 compared t

March 18, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2025 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 7, 2025 EX-10.7 9

Form of Time-Based Restricted Stock Agreement (for employee: LTIP) for use on and after February 27, 2025 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan

EXHIBIT 10.7.9 CARTER BANKSHARES, INC. FORM OF TIME-BASED RESTRICTED STOCK AGREEMENT Granted <> This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”), and evidences the grant of Restricted Stock and the terms,

March 7, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BAN

March 7, 2025 EX-19

Insider Trading Policies and Procedures (filed herewith)

Exhibit 19 Insider Trading Policy I.INTRODUCTION Carter Bankshares, Inc. (together with its subsidiaries, unless the context requires otherwise, the “Company”) has adopted an Insider Trading Policy (this “Policy”) that prohibits trading based on material, nonpublic information regarding the Company or other companies with which the Company does business (“Inside Information”). This Policy applies

March 7, 2025 EX-10.7 10

Form of Performance Unit Agreement (for employee: LTIP) for use on and after February 27, 2025 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan

EXHIBIT 10.7.10 CARTER BANKSHARES, INC. FORM OF PERFORMANCE UNIT AGREEMENT Granted <> This Performance Unit Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article XI of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”) and evidences the grant of performance units and the terms, conditions and restric

February 3, 2025 8-K/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 10, 2024 CARTER BANKSH

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 10, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commis

January 28, 2025 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 28, 2025 EX-99.1

Investor Presentation Fourth Quarter and Year Ended 2024 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Investor Presentation Fourth Quarter and Year Ended 2024 Nasdaq: CARE Forward-Looking Statement 2 This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

January 23, 2025 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2025 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 23, 2025 EX-99.1

Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – January 23, 2025 Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results Martinsville, VA, January 23, 2025 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced quarterly net income of $8.3 million, or $0.36 diluted earnings per share (“EPS”), for the fourth quarte

December 10, 2024 EX-99.1

CARTER BANK ANNOUNCES NORTH CAROLINA BRANCH ACQUISITION FROM FIRST RELIANCE BANK

CARTER BANK ANNOUNCES NORTH CAROLINA BRANCH ACQUISITION FROM FIRST RELIANCE BANK For Immediate Release Martinsville, VA, and Florence, SC (December 10, 2024) – Carter Bankshares, Inc.

December 10, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 10, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

November 7, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3973

November 1, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

November 1, 2024 EX-99.1

THIRD QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forwar

final3q24-careinvestorde THIRD QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

October 24, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 24, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

October 24, 2024 EX-99.1

Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – October 24, 2024 Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results Martinsville, VA, October 24, 2024 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $5.6 million, or $0.24 diluted earnings per share (“EPS”), for the third quarter of 202

August 28, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 28, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

August 1, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CAR

July 29, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 29, 2024 EX-99.1

SECOND QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forwa

SECOND QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

July 25, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2024 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 25, 2024 EX-99.1

Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – July 25, 2024 Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results Martinsville, VA, July 25, 2024 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share (“EPS”), for the second quarter of 2024 co

June 26, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 26, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

May 23, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 22, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 3, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CA

May 3, 2024 EX-99.1

FIRST QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forwar

FIRST QUARTER 2024 INVESTOR PRESENTATION 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

May 3, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fil

April 26, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Defin

April 26, 2024 ARS

A N N U A L R E P O R T 2 0 2 3 CO R P O R AT E H E A D Q UA RT E R S AT B E AV E R C R E E K NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc. 1300 KINGS MOUNTAIN ROAD MARTINSVILLE, VIRGINIA 24112 NOTICE IS HEREBY GIVEN that pur

A N N U A L R E P O R T 2 0 2 3 CO R P O R AT E H E A D Q UA RT E R S AT B E AV E R C R E E K NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc.

April 25, 2024 EX-99.1

Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – April 25, 2024 Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results Martinsville, VA, April 25, 2024 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $5.8 million, or $0.25 diluted earnings per share (“EPS”), for the first quarter of 2024 co

April 25, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 25, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 8, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BAN

March 8, 2024 EX-21.1

(incorporated by reference to Exhibit 21.1 to the Company’s Annual Report on Form 10-K filed with the SEC on March 8, 2024)

Exhibit 21.1 SUBSIDIARIES OF THE REGISTRANT Carter Bankshares, Inc., a Virginia corporation, is a financial holding company. The table below sets forth all of our subsidiaries and the state or jurisdiction of organization of such subsidiaries. Subsidiary State or Jurisdiction of Organization Carter Bank & Trust Virginia CB&T Investment Company Delaware

March 8, 2024 EX-97

Clawback Policy (filed herewith)

DODD-FRANK CLAWBACK POLICY RESPONSIBLE DEPARTMENTS: PREPARED/REVISED BY: DATE PREPARED/REVISED: Human Resources Paul Carney, Chief Human September 20, 2023 Resources Officer NOMINATING AND COMPENSATION COMMITTEE APPROVAL Page 1 of 6 DATE: SEPTEMBER 21, 2023 EFFECTIVE OCT 2, 2023 The Nominating and Compensation Committee (the “Compensation Committee”) of the Board of Directors of Carter Bankshares, Inc.

February 15, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 15, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

February 14, 2024 SC 13G/A

CARE / Carter Bankshares, Inc. / ALLIANCEBERNSTEIN L.P. - SEC SCHEDULE 13G Passive Investment

SC 13G/A 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 )* Carter Bankshares Inc (Name of Issuer) Common Stock (Title of Class of Securities) 146103106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box

February 13, 2024 SC 13G/A

CARE / Carter Bankshares, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv0543-carterbanksharesinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 1)* Name of issuer: Carter Bankshares Inc Title of Class of Securities: Common Stock CUSIP Number: 146103106 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to des

January 30, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 30, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 30, 2024 EX-99.1

FOURTH QUARTER AND FULL YEAR 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looki

FOURTH QUARTER AND FULL YEAR 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

January 25, 2024 EX-99.1

Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – January 25, 2024 Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results Martinsville, VA, January 25, 2024 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced a net loss of $1.9 million, or $(0.08) earnings per share (“EPS”), for the fourth quarter of 202

January 25, 2024 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 25, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 25, 2024 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 25, 2024 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

December 12, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 12, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

December 12, 2023 EX-10.2

Form of Performance Unit Agreement (for employee: LTIP) for use on and after December 14, 2023 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on December 12, 2023)

EXHIBIT 10.2 CARTER BANKSHARES, INC. FORM OF PERFORMANCE UNIT AGREEMENT Granted <> This Performance Unit Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article XI of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”) and evidences the grant of performance units and the terms, conditions and restrictio

December 12, 2023 EX-10.1

Form of Time-Based Restricted Stock Agreement (for employee: LTIP) for use on and after December 14, 2023 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 12, 2023)

Exhibit 10.1 CARTER BANKSHARES, INC. FORM OF TIME-BASED RESTRICTED STOCK AGREEMENT Granted <> This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”), and evidences the grant of Restricted Stock and the terms, co

November 14, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

October 31, 2023 EX-99.1

THIRD QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements i

THIRD QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

October 31, 2023 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 31, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

October 27, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3973

October 26, 2023 EX-99.1

Carter Bankshares, Inc. Announces Third Quarter 2023 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – October 26, 2023 Carter Bankshares, Inc. Announces Third Quarter 2023 Financial Results Martinsville, VA, October 26, 2023 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $3.6 million, or $0.16 diluted earnings per share (“EPS”), for the third quarter of 202

October 26, 2023 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 26, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

August 4, 2023 EX-99.1

SECOND QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements

SECOND QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains or incorporates certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

August 4, 2023 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

August 3, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CAR

July 27, 2023 EX-99.1

Carter Bankshares, Inc. Announces Second Quarter 2023 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – July 27, 2023 Carter Bankshares, Inc. Announces Second Quarter 2023 Financial Results Martinsville, VA, July 27, 2023 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced quarterly net income of $5.7 million, or $0.24 diluted earnings per share (“EPS”), for the second quarter of 2023 co

July 27, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 27, 2023 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 27, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

May 25, 2023 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 24, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 4, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CA

May 4, 2023 EX-10.1

Form of Time-Based Restricted Stock Agreement (for employee: AIP) for use on or after February 14, 2023 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 4, 2023)

EX-10.1 2 carter-ar2018planx2023ti.htm EX-10.1 1 152520872v1 CARTER BANKSHARES, INC. TIME-BASED RESTRICTED STOCK AGREEMENT Granted «Award Date» This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of «Award Date», (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”),

May 3, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2023 CARTER BANKSHARES, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fil

May 3, 2023 EX-99.1

FIRST QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate

carterbankinvestordeckx FIRST QUARTER 2023 2 F O R W A R D - L O O K I N G S T A T E M E N T This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

April 28, 2023 ARS

A N N UA L R E P O R T 2 0 2 2 Corporate Headquarters at Beaver Creek NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc. 1300 KINGS MOUNTAIN ROAD MARTINSVILLE, VIRGINIA 24112 NOTICE IS HEREBY GIVEN that pursuant to its Bylaws and

A N N UA L R E P O R T 2 0 2 2 Corporate Headquarters at Beaver Creek NOTICE TO HOLDERS OF SHARES OF COMMON STOCK OF Carter Bankshares, Inc.

April 28, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Defin

April 27, 2023 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 27, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

April 27, 2023 EX-99.1

Carter Bankshares, Inc. Announces Record First Quarter 2023 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – April 27, 2023 Carter Bankshares, Inc. Announces Record First Quarter 2023 Financial Results Martinsville, VA, April 27, 2023 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced record quarterly net income of $15.9 million, or $0.67 diluted earnings per share (“EPS”), for the first qua

March 30, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 14, 2023 8-K/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 2023 CARTER BANKSHARE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

March 13, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 2023 CARTER BANKSHARES,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 10, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BAN

March 10, 2023 EX-21.1

Subsidiaries of Carter Bankshares, Inc

Exhibit 21.1 SUBSIDIARIES OF THE REGISTRANT Carter Bankshares, Inc., a Virginia corporation, is a financial holding company. The table below sets forth all of our subsidiaries and the state or jurisdiction of organization of such subsidiaries. Subsidiary State or Jurisdiction of Organization Carter Bank & Trust Virginia CB&T Investment Company Delaware

February 14, 2023 SC 13G/A

CARE / Carter Bank & Trust (Martinsville VA) / ALLIANCEBERNSTEIN L.P. - SEC SCHEDULE 13G Passive Investment

SC 13G/A 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 )* Carter Bankshares Inc (Name of Issuer) Common Stock (Title of Class of Securities) 146103106 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box

February 9, 2023 SC 13G

CARE / Carter Bank & Trust (Martinsville VA) / VANGUARD GROUP INC - SCHEDULE 13G Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Name of issuer: Carter Bankshares Inc. Title of Class of Securities: Common Stock CUSIP Number: 146103106 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ 

January 31, 2023 EX-99.1

Investor Presentation Fourth Quarter and Year Ended 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements

Investor Presentation Fourth Quarter and Year Ended 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

January 31, 2023 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 26, 2023 EX-99.1

Carter Bankshares, Inc. Announces Record Fourth Quarter and Full Year 2022 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE – January 26, 2023 Carter Bankshares, Inc. Announces Record Fourth Quarter and Full Year 2022 Financial Results Martinsville, VA, January 26, 2023 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the “Bank”) today announced record net income of $15.6 million, or $0.65 diluted earnings per share (“EPS”), for the

January 26, 2023 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 26, 2023 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

November 4, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3973

November 2, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

November 2, 2022 EX-99.1

Investor Presentation Third Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate

Investor Presentation Third Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

October 27, 2022 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 27, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

October 27, 2022 EX-99.1

Carter Bankshares, Inc. Announces Record Third Quarter 2022 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? October 27, 2022 Carter Bankshares, Inc. Announces Record Third Quarter 2022 Financial Results Martinsville, VA, October 27, 2022 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the ?Bank?) today announced record net income of $14.4 million, or $0.59 diluted earnings per share (?EPS?), for the third quarter o

September 6, 2022 8-K/A

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 6, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commis

September 6, 2022 EX-99

Investor Presentation Second Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relat

Investor Presentation Second Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

August 3, 2022 EX-10.13.1

Carter Bank & Trust Non-Qualified Deferred Compensation Plan (for directors and executives) Virginia Bankers Association Model Adoption Agreement, adopted on May 19, 2022, effective as of January 1, 2023 (incorporated by reference to Exhibit 10.13.1 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 3, 2022)

NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN ADOPTION AGREEMENT This adoption agreement and the accompanying plan document have not been approved by the Department of Labor, Internal Revenue Service, Securities Exchange Commission, or any other governmental entity.

August 3, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CAR

August 3, 2022 EX-10.13

Carter Bank & Trust Non-Qualified Deferred Compensation Plan (for directors and executives) Virginia Bankers Association Model Nonqualified Supplemental Deferred Compensation Plan Document, adopted on May 19, 2022, effective as of January 1, 2023 (incorporated by reference to Exhibit 10.13 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 3, 2022)

NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN - PLAN DOCUMENT - This document and the accompanying adoption agreement have not been approved by the Department of Labor, Internal Revenue Service, Securities Exchange Commission, or any other governmental entity.

July 28, 2022 EX-99.1

Carter Bankshares, Inc. Announces Second Quarter 2022 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? July 28, 2022 Carter Bankshares, Inc. Announces Second Quarter 2022 Financial Results Martinsville, VA, July 28, 2022 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the ?Bank?) today announced net income of $10.8 million, or $0.44 diluted earnings per share, for the second quarter of 2022 compared to net inc

July 28, 2022 EX-99.1

Investor Presentation Second Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relat

Investor Presentation Second Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

July 28, 2022 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 28, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 28, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 28, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

June 28, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 28, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

May 26, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 25, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CA

May 5, 2022 EX-10.8

Carter Bankshares, Inc. Amended and Restated Annual Incentive Plan as amended and restated effective January 1, 2022 (incorporated by reference to Exhibit 10.8 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 5, 2022)

Exhibit 10.8 1 124193103v5 Carter Bankshares, Inc. Amended and Restated Annual Incentive Plan (as amended and restated effective as of January 1, 2022) 1. Purpose of the Plan. Carter Bankshares, Inc. (the ?Company?), the parent company of Carter Bank & Trust (the ?Bank?), hereby amends and restates the annual incentive plan (the ?Plan?) to attract, retain and motivate key employees of the Company

April 28, 2022 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

DEF 14A 1 a2022proxystatement.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only

April 26, 2022 EX-99.1

Investor Presentation First Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate

Investor Presentation First Quarter 2022 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

April 26, 2022 EX-99.1

Carter Bankshares, Inc. Announces First Quarter 2022 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? April 26, 2022 Carter Bankshares, Inc. Announces First Quarter 2022 Financial Results Martinsville, VA, April 26, 2022 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the ?Bank?) today announced net income of $9.3 million, or $0.36 diluted earnings per share, for the first quarter of 2022 compared to net inco

April 26, 2022 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 26, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

April 26, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 26, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 24, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 23, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 24, 2022 EX-99.1

CARTER BANKSHARES, INC. APPOINTS TWO NEW MEMBERS TO BOARD OF DIRECTORS Jacob A. Lutz, III and Curtis E. Stephens will help guide the continued growth of Carter Bankshares, Inc.

Exhibit 99.1 FOR IMMEDIATE RELEASE CARTER BANKSHARES, INC. APPOINTS TWO NEW MEMBERS TO BOARD OF DIRECTORS Jacob A. Lutz, III and Curtis E. Stephens will help guide the continued growth of Carter Bankshares, Inc. MARTINSVILLE, Va. (March 24, 2022) ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ: CARE), the holding company for Carter Bank & Trust, announced the appointment of two new members to it

March 11, 2022 EX-10.12.1

Adoption Agreement for Virginia Bankers Association Model Plan (for directors) as restated as of January 1, 2018 and updated January 1, 2020

Exhibit 10.12.1 NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR DIRECTORS (As Restated Effective January 1, 2018) ADOPTION AGREEMENT (Updated Form January 1, 2020) This Adoption Agreement is the companion document that allows a corporation to sponsor and adopt the Virginia Bankers Association Model Non-Qualified Deferred Compensation Plan for Directors (the ?Plan?). Each Corporation named below hereb

March 11, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BAN

March 11, 2022 EX-21.1

Subsidiaries of Carter Bankshares, Inc

Exhibit 21.1 SUBSIDIARIES OF THE REGISTRANT Carter Bankshares, Inc., a Virginia corporation, is a financial holding company. The table below sets forth all of our subsidiaries and the state or jurisdiction of organization of such subsidiaries. Subsidiary State or Jurisdiction of Organization Carter Bank & Trust Virginia CB&T Investment Company Delaware

March 11, 2022 EX-10.11.1

Adoption Agreement for Virginia Bankers Association Model Plan (for executives) as restated as of January 1, 2018 and updated January 1, 2020, effective as of January 1, 2022 (incorporated by reference to Exhibit 10.11.1 to the Company’s Annual Report on Form 10-K filed with the SEC on March 11, 2022)

Exhibit 10.11.1 NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR EXECUTIVES (As Restated Effective January 1, 2018) ADOPTION AGREEMENT (Updated Form January 1, 2020) This Adoption Agreement is the companion document that allows an employer to sponsor and adopt the Virginia Bankers Association Model Non-Qualified Deferred Compensation Plan for Executives (the ?Plan?). Each Employer named below hereby a

March 2, 2022 EX-10.1

Form of Time-Based Restricted Stock Agreement (for employee: LTIP) for use after March 2, 2022, under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 2, 2022)

EXHIBIT 10.1 CARTER BANKSHARES, INC. FORM OF TIME-BASED RESTRICTED STOCK AGREEMENT Granted ?Award Date? This Time-Based Restricted Stock Agreement (this ?Agreement?) is entered into and effective as of ?Award Date? (the ?Award Date?) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the ?Plan?), and evidences the grant of Restricted Sto

March 2, 2022 EX-10.3

Form of Time-Based Restricted Stock Agreement (for employee: annual) for use on or after February 17, 2022 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the SEC on March 2, 2022)

EXHIBIT 10.3 CARTER BANKSHARES, INC. FORM OF TIME-BASED RESTRICTED STOCK AGREEMENT Granted ? Award Date? This Time-Based Restricted Stock Agreement (this ?Agreement?) is entered into and effective as of ? Award Date? (the ?Award Date?) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the ?Plan?), and evidences the grant of Restricted S

March 2, 2022 EX-10.2

Form of Performance Unit Agreement (for employee) for use after March 2, 2022 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on March 2, 2022)

EXHIBIT 10.2 CARTER BANKSHARES, INC. FORM OF PERFORMANCE UNIT AGREEMENT Granted <> This Performance Unit Agreement (this ?Agreement?) is entered into and effective as of <> (the ?Award Date?) pursuant to Article XI of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the ?Plan?), and evidences the grant of performance units and the terms, conditions and restricti

March 2, 2022 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 2, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

February 14, 2022 SC 13G/A

CARE / Carter Bank & Trust (Martinsville VA) / ALLIANCEBERNSTEIN L.P. Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Carter Bankshares Inc (Name of Issuer) Common Stock (Title of Class of Securities) 146103106 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this

January 27, 2022 EX-99.1

Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2021 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? January 27, 2022 Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2021 Financial Results Martinsville, VA, January 27, 2022 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the ?Bank?) today announced net income of $5.6 million, or $0.21 diluted earnings per share, for the fourth quarter of 2021

January 27, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 27, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 27, 2022 EX-99.1

Investor Presentation Fourth Quarter and Year Ended 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements

Investor Presentation Fourth Quarter and Year Ended 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

January 27, 2022 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 27, 2022 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

December 13, 2021 8-K/A

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commis

December 13, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

November 4, 2021 EX-99.1

Investor Presentation Third Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate

Investor Presentation Third Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

November 4, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-3973

November 4, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 4, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

October 28, 2021 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

October 28, 2021 EX-99.1

Carter Bankshares, Inc. Announces Third Quarter 2021 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? October 28, 2021 Carter Bankshares, Inc. Announces Third Quarter 2021 Financial Results Martinsville, VA, October 28, 2021 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE), the holding company of Carter Bank & Trust (the ?Bank?) today announced net income of $11.2 million, or $0.42 diluted earnings per share, for the third quarter of 2021 compared to net

September 14, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 14, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commiss

September 8, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissi

August 5, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CAR

July 29, 2021 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 29, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

July 29, 2021 EX-99.1

Carter Bankshares, Inc. Announces Second Quarter 2021 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE ? July 29, 2021 Carter Bankshares, Inc. Announces Second Quarter 2021 Financial Results Martinsville, VA, July 29, 2021 ? Carter Bankshares, Inc. (the ?Company?) (NASDAQ:CARE) today announced net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021 compared to net income of $9.4 million, or $0.36 diluted earnings per share,

July 29, 2021 EX-99.1

Investor Presentation Second Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relat

Investor Presentation Second Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

June 25, 2021 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 23, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission f

June 7, 2021 8-K

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 7, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fi

May 7, 2021 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39731 CA

May 5, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 5, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission fil

May 5, 2021 EX-99.1

Investor Presentation First Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate

Investor Presentation First Quarter 2021 Forward-Looking Statements 2 This information contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

April 30, 2021 DEF 14A

- DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Defin

April 29, 2021 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 29, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

April 29, 2021 EX-99.1

Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results

EX-99.1 2 care-1q21ex991xer.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE – April 29, 2021 Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results Martinsville, VA, April 29, 2021 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE) today announced net income of $9.4 million, or $0.36 diluted earnings per share, for the first quarter of 2021 compared to net income of $2.9 millio

March 19, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 16, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commission

March 12, 2021 EX-10.10

Amended and Restated Change of Control Severance Agreement, dated and effective as of November 20, 2020 by and between Carter Bankshares, Inc., Carter Bank & Trust and Tony E. Kallsen

EX-10.10 12 tm214043d1ex10-10.htm EXHIBIT 10.10 Exhibit 10.10 CHANGE OF CONTROL SEVERANCE AGREEMENT (As Amended and Restated) THIS CHANGE OF CONTROL SEVERANCE AGREEMENT (the “Agreement”), originally dated and effective as of August 1, 2017, is effective this 20th day of November, 2020 (the “Effective Date”), by and between Carter Bankshares, Inc. (the “Holding Company”) and Carter Bank & Trust (th

March 12, 2021 EX-10.1

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Wendy S. Bell

Exhibit 10.1 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this ?Agreement?), originally dated as of June 19, 2017 and originally effective as of July 24, 2017 (?Original Effective Date?) and as subsequently amended as of December 17, 2019 and effective as of January 1, 2020, is now dated and effective as of November 20, 2020 (the ?Restatement Effective Date?), and is m

March 12, 2021 EX-10.6

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Matthew M. Speare (incorporated by reference to Exhibit 10.6 to the Company’s Annual Report on Form 10-K filed with the SEC on March 12, 2021)

EX-10.6 7 tm214043d1ex10-6.htm EXHIBIT 10.6 Exhibit 10.6 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this “Agreement”), originally dated as of June 15, 2017 and originally effective as of July 3, 2017 (“Original Effective Date”), is now dated and effective as of November 20, 2020 (the “Restatement Effective Date”), and is made by and between Carter Bankshares, Inc. (“

March 12, 2021 EX-10.7.2

Form of Time-Based Restricted Stock (for non-employee director) for use after November 20, 2020 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan

EX-10.7.2 9 tm214043d1ex10-7x2.htm EXHIBIT 10.7.2 Exhibit 10.7.2 CARTER BANKSHARES, INC. TIME-BASED RESTRICTED STOCK AGREEMENT Granted <> This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”), and evidences the

March 12, 2021 EX-21.1

Subsidiaries of Carter Bankshares, Inc. (filed herewith)

EX-21.1 18 tm214043d1ex21-1.htm EXHIBIT 21.1 Exhibit 21.1 SUBSIDIARIES OF THE REGISTRANT Carter Bankshares, Inc., a Virginia corporation, is a financial holding company. The table below sets forth all of our subsidiaries and the state or jurisdiction of organization of such subsidiaries. Subsidiary State or Jurisdiction of Organization Carter Bank & Trust Virginia CB&T Investment Company North Car

March 12, 2021 EX-10.8

Carter Bankshares, Inc. Amended and Restated Annual Incentive Plan as amended and restated February 18, 2021 (filed herewith)

EX-10.8 10 tm214043d1ex10-8.htm EXHIBIT 10.8 Exhibit 10.8 Carter Bankshares, Inc. Amended and Restated Annual Incentive Plan (as amended and restated February 18, 2021) 1. Purpose of the Plan. Carter Bankshares, Inc. (the “Company”), the parent company of Carter Bank & Trust (the “Bank”), hereby amends and restates the annual incentive plan (the “Plan”) as the Company’s Plan to attract, retain and

March 12, 2021 EX-10.12

Carter Bank & Trust Nonqualified Deferred Compensation Plan (director component) - Virginia Bankers Association Model Plan (for directors) as restated as of January 1, 2018 and incorporating all amendments through November 1, 2020

EX-10.12 16 tm214043d1ex10-12.htm EXHIBIT 10.12 Exhibit 10.12 VIRGINIA BANKERS ASSOCIATION MODEL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR DIRECTORS (As Restated Effective January 1, 2018 and Incorporating Amendments through November 1, 2020) TABLE OF CONTENTS Page ARTICLE I Definition of Terms 1.1 Act 1 1.2 Administrator 1 1.3 Adoption Agreement 1 1.4 Affiliate 1 1.5 Beneficiary 2 1.6 Benefit

March 12, 2021 10-K

Annual Report - FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BANKSHARES, INC. (Exa

March 12, 2021 EX-10.11

Carter Bank & Trust Nonqualified Deferred Compensation Plan (executive component) - Virginia Bankers Association Model Plan (for executives) as restated as of January 1, 2018 and incorporating all amendments through November 1, 2020 (

EX-10.11 13 tm214043d1ex10-11.htm EXHIBIT 10.11 Exhibit 10.11 VIRGINIA BANKERS ASSOCIATION MODEL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR EXECUTIVES (As Restated Effective January 1, 2018 and Incorporating Amendments Through November 1, 2020) TABLE OF CONTENTS Page ARTICLE I Definition of Terms 1.1 Act 1 1.2 Administrator 1 1.3 Adoption Agreement 1 1.4 Affiliate 1 1.5 Beneficiary 2 1.6 Benefit

March 12, 2021 EX-10.9

Amended and Restated Change of Control Severance Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Arthur Loran Adams

EX-10.9 11 tm214043d1ex10-9.htm EXHIBIT 10.9 Exhibit 10.9 CHANGE OF CONTROL SEVERANCE AGREEMENT (As Amended and Restated) THIS CHANGE OF CONTROL SEVERANCE AGREEMENT (the “Agreement”), originally dated and effective as of January 8, 2018, is effective this 20th day of November, 2020 (the “Effective Date”), by and between Carter Bankshares, Inc. (the “Holding Company”) and Carter Bank & Trust (the “

March 12, 2021 EX-10.3

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Phyllis Q. Karavatakis

Exhibit 10.3 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this ?Agreement?), originally dated effective as of September 29, 2017 (?Original Effective Date?), and subsequently amended as of December 16, 2019 and effective as of January 1, 2020, is now dated and effective as of November 20, 2020 (the ?Restatement Effective Date?), and is made by and between Carter Banksh

March 12, 2021 EX-10.4

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Jane Ann Davis

Exhibit 10.4 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this ?Agreement?), originally dated as of September 29, 2017 and originally effective as of October 1, 2017 (?Original Effective Date?), is now dated and effective as of November 20, 2020 (?Restatement Effective Date?), and is made by and between Carter Bankshares, Inc. (?Holding Company?), Carter Bank & Trust (

March 12, 2021 EX-10.2

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Litz Van Dyke

EX-10.2 3 tm214043d1ex10-2.htm EXHIBIT 10.2 Exhibit 10.2 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this “Agreement”), originally dated as of September 29, 2017 and originally effective as of October 1, 2017 (“Original Effective Date”), is now dated and effective as of November 20, 2020 (the “Restatement Effective Date”), and is made by and between Carter Bankshares,

March 12, 2021 EX-10.11.2

162(m) Amendment to Virginia Bankers Association Model Plan (for executives) adopted November 13, 2020 (incorporated by reference to Exhibit 10.11.2 to the Company’s Annual Report on Form 10-K filed with the SEC on March 12, 2021)

EX-10.11.2 15 tm214043d1ex10-11x2.htm EXHIBIT 10.11.2 Exhibit 10.11.2 MODEL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR EXECUTIVES (As Restated Effective January 1, 2018) 162(M) AMENDMENT The VBA Benefits Corporation, pursuant to its delegated authority from the Plan Sponsor (as defined in the applicable Adoption Agreement), has the authority to adopt amendments to the Virginia Bankers Associatio

March 12, 2021 EX-10.7.1

Form of Time-Based Restricted Stock Agreement (for employee) for use after November 20, 2020 under the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan

EX-10.7.1 8 tm214043d1ex10-7x1.htm EXHIBIT 10.7.1 Exhibit 10.7.1 CARTER BANKSHARES, INC. TIME-BASED RESTRICTED STOCK AGREEMENT Granted <> This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of <> (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”), and evidences the

March 12, 2021 EX-10.11.1

Adoption Agreement for Virginia Bankers Association Model Plan (for executives) as restated as of January 1, 2018 and updated January 1, 2020 (filed herewith)

Exhibit 10.11.1 Exhibit 10.11.1 NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR EXECUTIVES (As Restated Effective January 1, 2018) ADOPTION AGREEMENT (Updated Form January 1, 2020) This Adoption Agreement is the companion document that allows an employer to sponsor and adopt the Virginia Bankers Association Model Non-Qualified Deferred Compensation Plan for Executives (the ?Plan?). Each Employer name

March 12, 2021 EX-10.12.1

Adoption Agreement for Virginia Bankers Association Model Plan (for directors) as restated as of January 1, 2018 and updated January 1, 2020 (filed herewith)

EX-10.12.1 17 tm214043d1ex10-12x1.htm EXHIBIT 10.12.1 Exhibit 10.12.1 Exhibit 10.12.1 NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR DIRECTORS (As Restated Effective January 1, 2018) ADOPTION AGREEMENT (Updated Form January 1, 2020) This Adoption Agreement is the companion document that allows a corporation to sponsor and adopt the Virginia Bankers Association Model Non-Qualified Deferred Compensati

March 12, 2021 EX-10.5

Amended and Restated Employment Agreement, dated and effective as of November 20, 2020, by and between Carter Bankshares, Inc., Carter Bank & Trust and Bradford N. Langs

EX-10.5 6 tm214043d1ex10-5.htm EXHIBIT 10.5 Exhibit 10.5 EMPLOYMENT AGREEMENT (As Amended and Restated) THIS EMPLOYMENT AGREEMENT (this “Agreement”), originally dated as of May 31, 2017 and originally effective as of June 19, 2017 (“Original Effective Date”) and as subsequently amended as of December 17, 2019 and effective as of January 1, 2020, is now dated and effective as of November 20, 2020 (

February 8, 2021 SC 13G

SCHEDULE 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Carter Bankshares Inc (Name of Issuer) Common Stock (Title of Class of Securities) 146103106 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Sc

January 29, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 29, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 29, 2021 EX-99.1

Investor Update: Q4/YE 2020 Updated January 2021 IMPORTANT NOTE REGARDING FORWARD LOOKING STATEMENTS 2 This information contains certain forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward

EX-99.1 2 tm214761d1ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Investor Update: Q4/YE 2020 Updated January 2021 IMPORTANT NOTE REGARDING FORWARD LOOKING STATEMENTS 2 This information contains certain forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward - looking statements generally relate to our financial condition, results of operations, plan

January 28, 2021 8-K

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 28, 2021 EX-99.1

Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results

EX-99.1 2 tm214445d1ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE – January 28, 2021 Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results Martinsville, VA, January 28, 2021 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE) today announced net income of $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020 as compared to a net loss o

January 27, 2021 EX-99.1

CARTER BANK & TRUST ENTERS AGREEMENT WITH F&M BANK

Exhibit 99.1 FOR IMMEDIATE RELEASE CARTER BANK & TRUST ENTERS AGREEMENT WITH F&M BANK F&M Bank will acquire Carter Bank & Trust’s Waynesboro, Va. branch in 2021. MARTINSVILLE, Va. (January 27, 2021) – Carter Bankshares, Inc. (NASDAQ:CARE) and F&M Bank Corp. (OTCQX:FMBM) announced today that they have entered into an agreement regarding the sale of the Carter Bank & Trust branch in Waynesboro. The

January 27, 2021 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 27, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 14, 2021 8-K

Regulation FD Disclosure - FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 14, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdiction of incorporation) (Commissio

January 14, 2021 EX-99.1

CARTER BANK & TRUST ENTERS AGREEMENT WITH PENDLETON COMMUNITY BANK

EX-99.1 2 tm213106d1ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CARTER BANK & TRUST ENTERS AGREEMENT WITH PENDLETON COMMUNITY BANK Pendleton Community Bank will acquire three Carter Bank & Trust branches in 2021. MARTINSVILLE, Va. & FRANKLIN, W.Va. (January 14, 2021) – Carter Bankshares (NASDAQ:CARE) and Allegheny Bancshares announced today that they have entered into an agreement r

January 6, 2021 8-K

Other Events

8-K 1 tm211904d18k.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 6, 2021 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 001-39731 85-3365661 (State or other jurisdicti

December 3, 2020 S-8

- FORM S-8

As filed with the Securities and Exchange Commission on December 3, 2020 Registration No.

December 3, 2020 EX-99.1

Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan, effective November 20, 2020 (incorporated by reference to Exhibit 99.1 to the Company’s Registration Statement on Form S-8 filed with the SEC on December 3, 2020)

Exhibit 99.1 CARTER BANKSHARES, INC. AMENDED AND RESTATED 2018 OMNIBUS EQUITY INCENTIVE PLAN (effective November 20, 2020) ARTICLE I Establishment, Purpose and Duration 1.1 Establishment of the Plan. (a) Carter Bankshares, Inc., a Virginia corporation (the “Company”), hereby assumes the Carter Bank & Trust 2018 Omnibus Equity Incentive Plan, renames it the Carter Bankshares, Inc. Amended and Resta

November 23, 2020 EX-99.10

Carter Bank & Trust’s Current Report on Form 8-K filed July 23, 2020.

Exhibit 99.10 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) July 22, 2020 Carter Bank & Trust (Exact name of registrant as specified in its charter) Virginia (State or other jurisdiction of incorporation) N/A (Commission File Number) 20-5539

November 23, 2020 EX-2.1

Agreement and Plan of Reorganization by and among Carter Bank & Trust, Carter Bankshares, Inc. and CBT Merger Sub, Inc., dated November 9, 2020 (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 23, 2020)

Exhibit 2.1 AGREEMENT AND PLAN OF REORGANIZATION AMONG CARTER BANK & TRUST CARTER BANKSHARES, INC. AND CBT MERGER SUB, INC. This Agreement and Plan of Reorganization (this “Agreement”), dated as of November 9, 2020, is by and among Carter Bank & Trust, Martinsville, Virginia (“Bank”), Carter Bankshares, Inc. (“Company”), and CBT Merger Sub, Inc. (“Subsidiary”). RECITALS: WHEREAS, Bank is a Virgini

November 23, 2020 EX-3.1

Articles of Incorporation of Carter Bankshares, Inc., effective October 7, 2020 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 23, 2020)

Exhibit 3.1 ARTICLES OF INCORPORATION OF CARTER BANKSHARES, INC. ARTICLE I NAME The name of the Corporation is: Carter Bankshares, Inc. ARTICLE II PURPOSES The purpose of the Corporation is to act as a bank holding company and to transact any and all lawful business, not required to be specifically stated in the Articles of Incorporation, for which corporations may be incorporated under the Virgin

November 23, 2020 EX-99.2

Carter Bank & Trust’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020.

Exhibit 99.2 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: n/a CARTER BANK & TRUST (Nam

November 23, 2020 EX-99.1

Carter Bank & Trust’s Annual Report on Form 10-K for the year ended December 31, 2019.

Exhibit 99.1 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: N/A CARTER BANK & TRUST (Exact name

November 23, 2020 EX-99.4

Carter Bank & Trust’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020.

Exhibit 99.4 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: n/a CARTER BANK & TRUST

November 23, 2020 EX-3.2

Bylaws of Carter Bankshares, Inc., as adopted October 28, 2020 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed with the SEC on November 23, 2020)

Exhibit 3.2 BYLAWS OF CARTER BANKSHARES, INC. (as adopted by the Board of Directors on October 28, 2020) ARTICLE I STOCKHOLDERS’ MEETINGS Section 1. Annual Meeting. An annual meeting of the stockholders, for the election of directors to succeed those whose terms expire and for the transaction of such other business as may properly come before the meeting, shall be held at such place, on such date,

November 23, 2020 EX-4.1

Description of Common Stock (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 23, 2020)

Exhibit 4.1 DESCRIPTION OF COMMON STOCK The following is a summary description of the material features of the common stock, par value $1.00 per share, of Carter Bankshares, Inc. (the “Company”), based on the Company’s Articles of Incorporation and Bylaws and relevant provisions of the laws of the Commonwealth of Virginia (“Virginia law”). This summary is not complete and is qualified in its entir

November 23, 2020 EX-99.3

Carter Bank & Trust’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020.

Exhibit 99.3 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: n/a CARTER BANK & TRUST (Name

November 23, 2020 EX-99.7

Carter Bank & Trust’s Current Report on Form 8-K filed April 16, 2020.

Exhibit 99.7 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction of incorporation) (Commission file num

November 23, 2020 EX-99.9

Carter Bank & Trust’s Current Report on Form 8-K filed May 18, 2020.

Exhibit 99.9 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction of incorporation) (Commission file numbe

November 23, 2020 EX-99.13

Press release dated November 23, 2020.

Exhibit 99.13 Carter Bankshares, Inc. and Carter Bank & Trust Announce Completion of Holding Company Reorganization MARTINSVILLE, VA / ACCESSWIRE / November 23, 2020 – Carter Bankshares, Inc. (the “Company”)(NASDAQ:CARE) and Carter Bank & Trust (the “Bank”) announced that, effective as of November 20, 2020, the Company and the Bank consummated the statutory merger pursuant to which the Company has

November 23, 2020 EX-99.12

Carter Bank & Trust’s Current Report on Form 8-K filed November 12, 2020.

Exhibit 99.12 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 9, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction of incorporation) (Commission file

November 23, 2020 8-K12B

- 8-K12B

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 20, 2020 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia To Be Assigned* 85-3365661 (State or other jurisdiction of incorporation) (Co

November 23, 2020 EX-99.8

Carter Bank & Trust’s Current Report on Form 8-K filed May 8, 2020.

Exhibit 99.8 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction of incorporation) (Commission file number

November 23, 2020 EX-99.6

Carter Bank & Trust’s Current Report on Form 8-K filed March 27, 2020.

Exhibit 99.6 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 27, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction of incorporation) (Commission file num

November 23, 2020 EX-99.11

Carter Bank & Trust’s Current Report on Form 8-K filed October 28, 2020.

Exhibit 99.11 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 2020 CARTER BANK & TRUST (Exact name of registrant as specified in its charter) Virginia N/A 20-5539935 (State or other jurisdiction (Commission (IRS Employer of incorp

November 23, 2020 EX-99.5

Carter Bank & Trust’s Current Report on Form 8-K filed February 11, 2020.

Exhibit 99.5 FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) February 11, 2020 Carter Bank & Trust (Exact name of registrant as specified in its charter) Virginia n/a 20-5539935 (State or other jurisdiction of incorporation) (Commission File N

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