Carter Bankshares, Inc. (CARE)

NASDAQ: CARE · Real-Time Price · USD
35.12
-0.60 (-1.68%)
At close: Aug 5, 2026, 4:00 PM EDT
35.11
-0.01 (-0.03%)
After-hours: Aug 5, 2026, 7:34 PM EDT
Market Cap778.34M +99.6%
Revenue (ttm)286.21M +86.9%
Net Income126.88M +309.8%
EPS5.77 +324.8%
Shares Out 22.16M
PE Ratio6.08
Forward PE15.08
Dividend$0.40 (1.14%)
Ex-Dividend DateAug 10, 2026
Volume372,156
Open36.00
Previous Close35.72
Day's Range34.88 - 36.01
52-Week Range16.78 - 36.06
Beta0.51
AnalystsHold
Price Target31.83 (-9.37%)
Earnings DateJul 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]

Sector Financials
Founded 1974
Employees 687
Stock Exchange NASDAQ
Ticker Symbol CARE
Full Company Profile

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 Statements

Analyst Summary

According to 4 analysts, the average rating for CARE stock is "Hold." The 12-month stock price target is $31.83, which is a decrease of -9.37% from the latest price.

Price Target
$31.83
(-9.37% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Carter Bankshares price target raised to $34.50 from $30 at Hovde Group

Hovde Group raised the firm’s price target on Carter Bankshares (CARE) to $34.50 from $30 and keeps a Market Perform rating on the shares.

9 days ago - TheFly

Carter Bankshares, Inc. Declares Quarterly Dividend

MARTINSVILLE, VA / ACCESS Newswire / July 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 d...

13 days ago - Accesswire

Carter Bankshares Earnings release: Q2 2026

Carter Bankshares released its Q2 2026 earnings on July 23, 2026, summarizing the period's financial results.

13 days ago - Filings

Carter Bankshares Slides: Q2 2026

Carter Bankshares has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 23, 2026.

13 days ago - Filings

Carter Bankshares reports Q2 EPS $1.31, consensus 43c

Net interest margin increased 31 basis points to 3.38% for the second quarter of 2026, compared to 3.07% for the prior quarter and increased 58 basis points compared to 2.80%…

13 days ago - TheFly

Carter Bankshares, Inc. Announces Second Quarter 2026 Financial Results

MARTINSVILLE, VA / ACCESS Newswire / July 23, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $28....

13 days ago - Accesswire

Carter Bank Named Best Bank in Virginia by Forbes

The Martinsville-based community bank topped the magazine's 2026 Best In State Banks list. MARTINSVILLE, VA / ACCESS Newswire / July 14, 2026 / Leading business magazine Forbes recently named Carter B...

22 days ago - Accesswire

Carter Bankshares downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Carter Bankshares (CARE) to Market Perform from Outperform without a price target The firm cites valuation for the downgrade with the shares up 73% year-to-date but remains…

5 weeks ago - TheFly

Carter Bankshares downgraded to Market Perform from Outperform at Hovde Group

Hovde Group analyst Feddie Strickland downgraded Carter Bankshares (CARE) to Market Perform from Outperform with a price target of $30, up from $28.

2 months ago - TheFly

Carter Bank Opens First South Carolina Location in Greenville

Located in the Daniel Building, the Loan Production Office will house the Bank's Commercial Banking team. GREENVILLE, SC / ACCESS Newswire / June 2, 2026 / Carter Bank (Nasdaq:CARE) announced today th...

2 months ago - Accesswire

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…

2 months ago - TheFly

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…

3 months ago - TheFly

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...

3 months ago - Business Wire

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…

3 months ago - TheFly

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…

3 months ago - TheFly

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...

3 months ago - Accesswire

Carter Bankshares Earnings release: Q1 2026

Carter Bankshares released its Q1 2026 earnings on April 23, 2026, summarizing the period's financial results.

3 months ago - Filings

Carter Bankshares Slides: Q1 2026

Carter Bankshares has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on April 23, 2026.

3 months ago - Filings

Carter Bankshares Quarterly report: Q1 2026

Carter Bankshares has published its Q1 2026 quarterly earnings report on April 23, 2026.

3 months ago - Filings

Carter Bankshares Proxy statement: Proxy filing

Carter Bankshares filed a proxy statement on April 15, 2026, providing details for shareholder voting and corporate governance matters.

4 months ago - Filings

Carter Bankshares Proxy statement: Proxy filing

Carter Bankshares filed a proxy statement on April 15, 2026, providing details for shareholder voting and corporate governance matters.

4 months ago - Filings

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...

6 months ago - Accesswire

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…

6 months ago - TheFly

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 $...

6 months ago - Accesswire

Carter Bankshares Annual report: Q4 2025

Carter Bankshares has published its Q4 2025 annual report on January 29, 2026.

6 months ago - Filings