Carter Bankshares, Inc. (CARE)
| Market Cap | 582.44M +63.5% |
| Revenue (ttm) | 258.92M +76.7% |
| Net Income | 106.83M +291.0% |
| EPS | 4.81 +301.4% |
| Shares Out | 22.22M |
| PE Ratio | 5.45 |
| Forward PE | 10.69 |
| Dividend | $0.10 (0.38%) |
| Ex-Dividend Date | May 11, 2026 |
| Volume | 303,006 |
| Open | 26.97 |
| Previous Close | 27.07 |
| Day's Range | 25.92 - 27.13 |
| 52-Week Range | 15.40 - 27.24 |
| Beta | 0.51 |
| Analysts | Hold |
| Price Target | 27.00 (+3.01%) |
| Earnings Date | Apr 23, 2026 |
About CARE
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States. It offers various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also provides commercial loans, such as secured and unsecured, real estate construction and acquisition, and commercial and industrial loans; consumer loans, such as automobiles, home improvements, education... [Read more]
Financial Performance
In 2025, Carter Bankshares's revenue was $157.06 million, an increase of 11.49% compared to the previous year's $140.87 million. Earnings were $31.00 million, an increase of 27.71%.
Financial StatementsAnalyst Summary
According to one analyst, the rating for CARE stock is "Hold" and the 12-month stock price target is $27.0.
News
Carter Bankshares downgraded to Hold from Buy at Freedom Broker
Freedom Broker analyst Mikhail Paramonov downgraded Carter Bankshares (CARE) to Hold from Buy with a price target of $27, up from $25. The sale of non-performing loans drove a significant…
Carter Bankshares debuts no-fee youth savings, checking accounts
Carter Bank announced the launch of two new products, carter youth savings and carter youth checking, designed to help children and teens develop smart money habits and build a strong…
Carter Bank Debuts No-Fee Youth Savings and Checking Accounts
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) today announced the launch of two new products, carter youth savings and carter youth checking, designed to help children and teens devel...
Carter Bankshares price target raised to $27 from $25 at Raymond James
Raymond James raised the firm’s price target on Carter Bankshares (CARE) to $27 from $25 and keeps an Outperform rating on the shares. Carter Bankshares is positioned to shift to…
Carter Bankshares reports Q1 EPS $3.88 vs. 39c last year
Net interest margin increased 15 basis points to 3.07% for the first quarter of 2026, compared to 2.92% for the prior quarter and increased 39 basis points compared to the…
Carter Bankshares, Inc. Declares Quarterly Dividend
MARTINSVILLE, VA / ACCESS Newswire / April 23, 2026 / The board of directors of Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank"), approved a cash ...
Carter Bankshares, Inc. Announces First Quarter 2026 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / April 23, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $85...
Carter Bank Names Kimberly Schaufenbuel EVP, Chief Human Resources Officer
Veteran HR executive will work to strengthen talent and culture to support long-term success MARTINSVILLE, VA / ACCESS Newswire / February 18, 2026 / Carter Bank (Nasdaq:CARE) CEO Litz Van Dyke announ...
Carter Bankshares reports Q4 EPS 38c, consensus 35c
Net interest income totaled $34.6 million in the fourth quarter of 2025, an increase of $0.9 million, or 2.6%, from the prior quarter and an increase of $5.5 million, or…
Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / January 29, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $...
Carter Bankshares initiated with a Buy at Freedom Capital
Freedom Capital initiated coverage of Carter Bankshares (CARE) with a Buy rating and $23 price target The firm says Carter offers a “regionally focused growth story” with loan expansion, improving…
Carter Bank Earns Multiple Industry Awards Following 2024 Rebrand
MARTINSVILLE, Va.--(BUSINESS WIRE)--Since unveiling its new brand identity one year ago, Carter Bank (Nasdaq: CARE) has earned multiple national honors recognizing its refreshed look and message. The ...
Carter Bank Enters the South Carolina Market With Expansion Into Greenville
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) announced today an expansion into Greenville, S.C., strengthening the bank's footprint across Virginia and the Carolinas. This latest exp...
Carter Bank Joins the Federal Reserve Bank of Richmond as a State Member Bank
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bankshares, Inc. (the “Company”) (Nasdaq: CARE) today announced that Carter Bank, its wholly-owned banking subsidiary headquartered in Martinsville, Virginia...
Carter Bankshares reports Q3 adjusted EPS 26c, consensus 41c
Net interest margin, increased six basis points to 2.86% for the third quarter of 2025, compared to 2.80% for the prior quarter and increased 28 basis points for the year…
Carter Bankshares, Inc. Announces Third Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / October 23, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $...
Carter Bankshares price target raised to $22 from $21 at Raymond James
Raymond James raised the firm’s price target on Carter Bankshares (CARE) to $22 from $21 and keeps an Outperform rating on the shares. Quarterly results for the banks should reflect…
Carter Bank Expands Into Gastonia
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) has opened a new Loan Production Office in Gastonia, N.C., reinforcing the bank's commitment to growth in North Carolina. This expansion ...
Carter Bank Strengthens Leadership Team with Key Promotions
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) today announced the promotion of two employees, underscoring the company's commitment to community banking and recognizing their essentia...
Carter Bankshares reports Q2 EPS 37c, consensus 32c
Net interest income totaled $32.4 million, an increase of $2.2 million, or 7.4% compared to the prior quarter, and an increase of $4.3 million, or 15.2% compared to the year…
Carter Bankshares, Inc. Announces Second Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / July 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.5...
Carter Bank completes purchase of two First Reliance Bank branches
Carter Bankshares (CARE) announced Purchase and Assumption for the deposits associated with two branches in Mooresville and Winston-Salem, North Carolina with First Reliance Bankshares (FSRL). The Ban...
Carter Bank Completes the Purchase of Two First Reliance Bank Branches in North Carolina
Through the purchase, the bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte. MARTINSVILLE, VA / ACCESS Newswire / May 27, 2025 / Carter Bankshares,...
Carter Bankshares reports Q1 EPS 39c, consensus 28c
Net interest margin, on a fully taxable equivalent basis, increased 12 basis points to 2.70% for the first quarter of 2025, compared to 2.58% for the prior quarter and increased…
Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / April 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9....