Carter Bankshares, Inc. (CARE)

NASDAQ: CARE · Real-Time Price · USD
28.54
+0.14 (0.49%)
At close: Jun 5, 2026, 4:00 PM EDT
29.10
+0.56 (1.96%)
After-hours: Jun 5, 2026, 7:50 PM EDT
Market Cap634.22M +72.7%
Revenue (ttm)258.92M +76.7%
Net Income106.83M +291.0%
EPS4.81 +301.4%
Shares Out 22.22M
PE Ratio5.93
Forward PE10.00
Dividend$0.40 (1.40%)
Ex-Dividend DateMay 11, 2026
Volume239,927
Open28.42
Previous Close28.40
Day's Range28.07 - 28.75
52-Week Range16.14 - 28.75
Beta0.55
AnalystsBuy
Price Target28.50 (-0.14%)
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 "Buy." The 12-month stock price target is $28.5, which is a decrease of -0.14% from the latest price.

Price Target
$28.5
(-0.14% downside)
Analyst Consensus: Buy
Stock Forecasts

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.

3 days 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...

4 days 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…

22 days 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…

4 weeks 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...

4 weeks 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…

5 weeks 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…

6 weeks ago - TheFly

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 ...

6 weeks ago - Accesswire

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...

6 weeks 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.

6 weeks 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.

6 weeks ago - Filings

Carter Bankshares Quarterly report: Q1 2026

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

6 weeks 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.

7 weeks 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.

7 weeks 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...

3 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…

4 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 $...

4 months ago - Accesswire

Carter Bankshares Annual report: Q4 2025

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

4 months ago - Filings

Carter Bankshares Earnings release: Q4 2025

Carter Bankshares released its Q4 2025 earnings on January 29, 2026, summarizing the period's financial results.

4 months ago - Filings

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.

4 months ago - Filings

Carter Bankshares Annual report: Q4 2025

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

4 months ago - Filings

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…

5 months ago - TheFly

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 ...

6 months ago - Business Wire

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire