A spectral shift and new emission bands in the green and red regions have been observed in deep blue exciplex-based organic light-emitting diodes (OLEDs) using carbazole-based materials, namely, tris(4-carbazoyl-9-ylphenyl)amine (TCTA). To deeply understand the origin of these new bands, single-layer and bilayer TCTA-based OLEDs subjected to electrical and optical (ultraviolet (UV)) stresses were investigated by using various optical, electrical, morphological, and chemical measurements. The results showed that the stress-induced emission bands primarily originate from morphological changes rather than chemical changes. The accumulation of excitons in the TCTA layer induces molecular aggregation, leading to the formation of electrically active electronic states, namely, electroplexes and electromers, which lead to the appearance of additional emission bands in green and red regions. Impedance spectroscopy measurements on single-layer OLEDs complemented this study. The results showed that TCTA degradation affects charge injection and transport. It was concluded that the stress-induced emission bands are caused by aggregate domain formation and are closely linked to the formation of electrically active defects, which act as trap states for charge carriers in the TCTA band gap.