Carter Bankshares Announces Dividend Reinvestment & Stock Purchase Plan

What Happened
Carter Bankshares, Inc. announced that its Board established a Dividend Reinvestment and Stock Purchase Plan (the “Plan”). The Company will offer up to 1,000,000 shares of its common stock (par value $1.00) to existing shareholders for purchase under the Plan. The Plan is administered by Computershare Trust Company, N.A. and Carter filed a registration statement on Form S-3D that became effective on August 11, 2026. Shareholders can enroll at any time, but dividend reinvestments will not begin until the first dividend declared and paid after August 24, 2026; the dividend declared July 22, 2026 (payable August 24, 2026 to holders of record on August 10, 2026) is not eligible for reinvestment.

Key Details

• Up to 1,000,000 shares of common stock will be offered under the Plan.
• Plan administered by Computershare Trust Company, N.A., the Company’s transfer agent.
• Registration statement on Form S-3D filed and effective August 11, 2026.
• Dividend declared July 22, 2026 (payable August 24, 2026; record date August 10, 2026) is not eligible for reinvestment; reinvestment starts with the first dividend declared and paid after August 24, 2026.

Why It Matters
The Plan gives existing shareholders a straightforward way to reinvest dividends and make optional cash purchases to increase their holdings without using a broker. For investors, this can enable dollar‑cost averaging and reinvestment of dividends directly into shares. The capped offering (1,000,000 shares) and the required registration filing mean the company has formalized a vehicle for potential share issuance to existing holders; investors should note the timing restriction on the upcoming August dividend. The 8‑K was filed and signed August 11, 2026.