UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On May 20, 2025, the Company announced that its Board had authorized, effective May 1, 2025, a common share repurchase program to purchase up to $20.0 million of the Company’s common stock in the aggregate through May 1, 2026 (the “2025 Program”) subject to receipt of non-objection from the Federal Reserve Bank of Richmond, which was received on May 19, 2025.
−Removed: The 2025 Program authorizes the purchase of the Company’s common stock in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 promulgated under the Exchange Act.
+Added: On February 2, 2026, the Company announced that its Board authorized a repurchase program to purchase up to $10.0 million of the Company’s common stock in the aggregate over a period of twelve months beginning February 11, 2026, the date of receipt of non-objection from the Federal Reserve Bank of Richmond.
+Added: The program authorizes the purchase of the Company’s common stock in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended.
The authorization permits management to repurchase shares of the Company’s common stock from time to time at management’s discretion.
The actual means and timing of any shares purchased under the program, and the number of shares actually purchased under the program, will depend on a variety of factors, including the market price of the Company’s common stock, general market and economic conditions, management’s evaluation of the Company’s financial condition and liquidity position and applicable legal and regulatory requirements.
−Removed: The 2025 Program does not obligate the Company to purchase any particular number of shares and may be modified of terminated by the Board at any time.
−Removed: As of September 30, 2025, the Company repurchased 809,601 shares of its common stock at a total cost of $14.0 and a weighted average cost per share of $17.35.
−Removed: The following table provides information regarding the Company’s purchases of its common stock during the quarter ended September 30, 2025:
+Added: The repurchase program may be modified or terminated by the Board at any time.
+Added: The repurchase program does not obligate the Company to purchase any particular number of shares.
+Added: The Company did not repurchase any shares under this repurchase plan during the three months ended March 31, 2026.
+Added: On May 20, 2025, the Company announced that its Board authorized a repurchase program to purchase up to $20.0 million of the Company’s common stock in the aggregate through May 14, 2026.
+Added: The program authorized the purchase of the Company’s common stock in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended.
+Added: The 2025 Program was fully utilized on October 30, 2025.
+Added: CARTER BANKSHARES, INC.
+Added: AND SUBSIDIARIES
+Added: The following table provides information regarding the Company’s purchases of its common stock during the quarter ended March 31, 2026:
Issuer Purchases of Equity Securities
5 unchanged sentences
Total 12,154 $21.55 —
−Removed: 1 Reflects 70 shares that were withheld upon vesting of restricted shares granted to employees of the Company in order to satisfy tax withholding obligations and 262,269 shares repurchased during the period under the 2025 Program.
−Removed: 2 The number shown represents, as of the end of each period, the approximate dollar value of Common Stock shares that may yet be purchased under the 2025 Program, which was announced on May 20, 2025 and authorizes the purchase of up to $20.0 million of the Company’s common stock in the aggregate through May 1, 2026.
+Added: 1 Reflects 12,154 shares that were withheld upon vesting of restricted shares granted to associates of the Company in order to satisfy tax withholding obligations.
+Added: 2 The number shown represents, as of the end of each period, the approximate dollar value of Common Stock shares that may yet be purchased under the 2026 Program, which was announced on February 2, 2026 and authorizes the purchase of up to $10.0 million of the Company’s common stock in the aggregate through February 11, 2027.
The shares may be purchased, from time-to-time, depending on a variety of factors.
1 unchanged sentence
MINE SAFETY DISCLOSURES
−Removed: CARTER BANKSHARES, INC.
−Removed: AND SUBSIDIARIES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.