Business Context and Reporting Period
Company: Carter Bankshares, Inc. (NASDAQ: CARE)
Filing Type: Form 8-K (Current Report)
Date of Report: August 17, 2026
Reporting Period: Event-specific report dated August 17, 2026.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report addresses a legal event rather than financial performance.
Material Changes
Legal Resolution: The Company and its subsidiary, Carter Bank & Trust, announced the voluntary dismissal with prejudice of a lawsuit filed in the Circuit Court of Greenbrier County, West Virginia.
Plaintiffs: The suit was filed by James C. Justice, II, his son James C. Justice, III, his daughter Jillean L. Justice, and various related entities (collectively, the "Justice Parties").
Guidance, Outlook, and Risks
Management Commentary: The dismissal of the lawsuit with prejudice indicates the conclusion of this specific legal contingency without further litigation on these claims.
Risks: The filing removes the specific risk associated with the pending litigation by the Justice Parties. No other risks, guidance, or outlook were disclosed in this document.
Investor Verification Checklist
- Confirm the finality of the "dismissal with prejudice" status in the Circuit Court of Greenbrier County, West Virginia.
- Review prior filings to understand the original claims made by the Justice Parties and any potential financial exposure that was previously disclosed.
- Verify if any settlement payments or legal costs were incurred prior to the dismissal.
- Check for any related press releases or regulatory correspondence regarding the Justice Parties.