Carter Bankshares, Inc. (CARE)
| Market Cap | 644.16M +65.9% |
| Revenue (ttm) | 286.24M +85.2% |
| Net Income | 129.07M +320.1% |
| EPS | 5.91 +335.3% |
| Shares Out | 21.97M |
| PE Ratio | 4.96 |
| Forward PE | 12.34 |
| Dividend | $0.40 (1.36%) |
| Ex-Dividend Date | Nov 9, 2026 |
| Volume | 125,253 |
| Open | 29.28 |
| Previous Close | 29.10 |
| Day's Range | 28.82 - 29.40 |
| 52-Week Range | 16.86 - 36.06 |
| Beta | 0.59 |
| Analysts | Hold |
| Price Target | 34.08 (+16.24%) |
| Earnings Date | Oct 29, 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 "Hold." The 12-month stock price target is $34.08, which is an increase of 16.24% from the latest price.
News
Carter Bank Expands Mortgage Lending Team with New Loan Officers
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) has expanded its mortgage lending team by adding two accomplished Mortgage Loan Officers (MLOs). Carl Garnett and Tom Ulbrich both bring ...
Carter Bankshares reports Q3 EPS 35c, consensus 53c
Net interest income totaled $41.2 million, an increase of $1.3 million, or 3.2% compared to the prior quarter, and an increase of $7.5 million, or 22.3% compared to the prior…
Carter Bankshares Earnings release: Q3 2026
Carter Bankshares released its Q3 2026 earnings on October 29, 2026, summarizing the period's financial results.
Carter Bankshares Slides: Q3 2026
Carter Bankshares has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on October 29, 2026.
Carter Bankshares Quarterly report: Q3 2026
Carter Bankshares has published its Q3 2026 quarterly earnings report on October 29, 2026.
CEO Litz Van Dyke Reflects on 10 Years with Carter Bank
Van Dyke joined the organization in the summer of 2016 and was named CEO in April of 2017, marking a decade of leadership. MARTINSVILLE, VA / ACCESS Newswire / September 24, 2026 / Carter Bank (NASDAQ...
Carter Bank Strengthens Raleigh Presence with Commercial Banking Leader Kevin Lockhart
MARTINSVILLE, Va.--(BUSINESS WIRE)--Carter Bank (Nasdaq: CARE) is pleased to announce that Kevin Lockhart will lead the Bank's commercial banking efforts in Raleigh, N.C. A veteran commercial banker w...
Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan
MARTINSVILLE, VA / ACCESS Newswire / August 11, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced the establishment of its Dividend Reinvestment and Stock Purchase Plan (the...
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.
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...
Carter Bankshares Earnings release: Q2 2026
Carter Bankshares released its Q2 2026 earnings on July 23, 2026, summarizing the period's financial results.
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.
Carter Bankshares Quarterly report: Q2 2026
Carter Bankshares has published its Q2 2026 quarterly earnings report on July 23, 2026.
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%…
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....
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...
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…
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. 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...