Carter Bankshares, Inc. (CARE)
| Market Cap | 634.22M +72.7% |
| Revenue (ttm) | 258.92M +76.7% |
| Net Income | 106.83M +291.0% |
| EPS | 4.81 +301.4% |
| Shares Out | 22.22M |
| PE Ratio | 5.93 |
| Forward PE | 10.00 |
| Dividend | $0.40 (1.40%) |
| Ex-Dividend Date | May 11, 2026 |
| Volume | 239,927 |
| Open | 28.42 |
| Previous Close | 28.40 |
| Day's Range | 28.07 - 28.75 |
| 52-Week Range | 16.14 - 28.75 |
| Beta | 0.55 |
| Analysts | Buy |
| Price Target | 28.50 (-0.14%) |
| Earnings Date | Jul 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 4 analysts, the average rating for CARE stock is "Buy." The 12-month stock price target is $28.5, which is a decrease of -0.14% from the latest price.
News
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.
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...
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 Bankshares Earnings release: Q1 2026
Carter Bankshares released its Q1 2026 earnings on April 23, 2026, summarizing the period's financial results.
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.
Carter Bankshares Quarterly report: Q1 2026
Carter Bankshares has published its Q1 2026 quarterly earnings report on April 23, 2026.
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.
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.
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 Annual report: Q4 2025
Carter Bankshares has published its Q4 2025 annual report on January 29, 2026.
Carter Bankshares Earnings release: Q4 2025
Carter Bankshares released its Q4 2025 earnings on January 29, 2026, summarizing the period's financial results.
Carter Bankshares Slides: Q4 2025
Carter Bankshares has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on January 29, 2026.
Carter Bankshares Annual report: Q4 2025
Carter Bankshares has published its Q4 2025 annual report on January 29, 2026.
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...