CARE · Carter Bankshares, Inc.

Carter Bankshares, Inc. announced the reinstatement of a quarterly cash dividend of $0.10 per share, payable on May 25, 2026 to shareholders of record as of May 11, 2026. This marks the first quarterly dividend in nearly 10 years, reflecting the company's improved financial metrics and strong operating performance during the first quarter of 2026. Based on the closing stock price of $24.44 on April 21, 2026, the annualized dividend yield is 1.64%. CEO Litz H. Van Dyke highlighted the milestone as a testament to the company's continued strong fundamentals. As of March 31, 2026, Carter Bankshares reported $4.8 billion in assets and 63 branches across Virginia and North Carolina. The dividend declaration signals management's confidence in the company's financial stability and commitment to returning value to shareholders.