Carter Bankshares, Inc.
- Open
- 32.90
- Day high
- 33.48
- Day low
- 32.33
- Prev close
- 33.06
- Volume
- 503K
- Mkt cap
- $741M
- P/E (TTM)
- 6.8
- EPS (TTM)
- $4.93
- P/B
- 1.5
- P/S
- 2.3
- Yield
- 0.30%
- Per share
- $0.10
- ▼Insiders net selling -$52K over the last 3 months (1 open-market buy, 2 sales)
- 🏛Institutions mixed (13F)
Carter Bankshares, Inc. (CARE) is a Financial Services company listed on NASDAQ. The stock is up 84% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 2 sales (SEC Form 4).
Carter Bankshares, Inc. (CARE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CARE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $3.91 | $0.40 | -89.8% | $107M | -11.3% |
| Jan 29, 2026 | $0.33 | $0.41 | +24.2% | $40M | -3.7% |
| Oct 23, 2025 | $0.39 | $0.26 | -33.3% | $38M | -6.4% |
| Jul 24, 2025 | $0.31 | $0.41 | +32.3% | $40M | +3.5% |
| Apr 24, 2025 | $0.30 | $0.32 | +6.7% | $36M | -8.0% |
| Jan 23, 2025 | $0.21 | $0.37 | +76.2% | $34M | -5.8% |
| Oct 24, 2024 | $0.22 | $0.24 | +9.1% | $33M | -4.9% |
| Jul 25, 2024 | $0.21 | $0.21 | +0.0% | $33M | -7.8% |
| Apr 25, 2024 | $0.10 | $0.25 | +150.0% | $33M | -0.2% |
| Jan 25, 2024 | $0.17 | $-0.02 | -111.8% | $29M | -11.4% |
| Oct 26, 2023 | $0.20 | $0.16 | -20.0% | $32M | -2.4% |
| Jul 27, 2023 | $0.62 | $0.24 | -61.3% | $48M | +8.9% |
CARE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Kallsen Tony Eofficer: SEVP, CHIEF CREDIT OFFICER | Grant | 5,472 | — |
| Jul 2, 2026 | Bell Wendy S.officer: SENIOR EXECUTIVE VP, CFO | Grant | 6,428 | — |
| Jul 2, 2026 | Davis Jane Annofficer: EVP, CHIEF ADMIN. OFFICER | Grant | 3,604 | — |
| Jul 2, 2026 | Speare Matthew M.officer: SEVP, CHIEF OPERATING OFFICER | Grant | 5,005 | — |
| Jul 2, 2026 | Adams Arthur Loranofficer: EVP, DIRECTOR OF REG RISK MNGT | Grant | 3,240 | — |
| Jul 2, 2026 | Langs Bradford N.officer: PRESIDENT, CHIEF STRATEGY OFCR | Grant | 8,649 | — |
| Jul 2, 2026 | Van Dyke Litz Hdirector, officer: CHIEF EXECUTIVE OFFICER | Grant | 12,300 | — |
| May 26, 2026 | Davis Jane Annofficer: EVP, CHIEF ADMIN. OFFICER | Tax | 261 | $26.95 |
| May 12, 2026 | Langs Bradford N.officer: PRESIDENT, CHIEF STRATEGY OFCR | Sell | 5,500 | $26.47 |
| May 7, 2026 | Walsh Elizabeth L.director | Buy | 4,575 | $26.20 |
| May 6, 2026 | Haskins James W.director | Sell | 1,000 | $26.04 |
| Apr 29, 2026 | Adams Arthur Loranofficer: EVP, DIRECTOR OF REG RISK MNGT | Grant | 1,650 | — |
| Apr 29, 2026 | Davis Jane Annofficer: EVP, CHIEF ADMIN. OFFICER | Grant | 1,850 | — |
| Apr 21, 2026 | Davis Jane Annofficer: EVP, CHIEF ADMIN. OFFICER | Tax | 296 | $24.24 |
| Mar 13, 2026 | Davis Jane Annofficer: EVP, CHIEF ADMIN. OFFICER | Tax | 309 | $20.98 |
Source: CARE SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full CARE insider & 13F page →Carter Bankshares, Inc. company profile
Overview
Carter Bankshares, Inc. (NASDAQ:CARE) is a regional bank holding company founded in 1974 and headquartered in Martinsville, Virginia. The company operates Carter Bank & Trust, which serves customers across Virginia and North Carolina through 69 branch locations. As a community-focused regional bank, Carter Bankshares has built its business around traditional banking services including deposit-taking, lending, and financial services for both individual consumers and commercial clients in its geographic footprint.
Business
Carter Bankshares operates in the regional banking industry, which involves taking deposits from customers and lending those funds to borrowers while earning interest on the spread between what they pay depositors and what they charge borrowers. Regional banks like Carter serve as financial intermediaries in their local communities, providing essential banking services that larger national banks may not offer with the same personal touch. The company's core services include deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). These products allow customers to safely store their money while earning interest, and they provide the bank with the capital needed for lending operations. Lending services constitute the other major component, encompassing commercial loans for businesses (both secured and unsecured), consumer loans for automobiles and personal needs, residential mortgages for home purchases, real estate construction and acquisition financing, and home equity lines of credit. Beyond traditional banking, Carter also provides ancillary financial services including safe deposit boxes, online and mobile banking platforms, bill payment services, debit cards, ATM access, and treasury management services for corporate clients. The bank also offers title insurance and other financial institution-related products. These services generate fee income and help deepen customer relationships beyond basic deposit and lending activities.
Revenue model
Carter Bankshares generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread-based model is fundamental to banking - the bank pays depositors a lower rate on their savings and checking accounts while charging borrowers higher rates on loans and mortgages. The company's paying customers include individual consumers seeking personal banking services, homebuyers needing mortgages, small and medium-sized businesses requiring commercial loans and cash management services, and real estate developers needing construction financing. Fee-based services such as treasury management, online banking, and other ancillary products provide additional non-interest revenue streams. Several factors can significantly impact Carter's profitability margins. Interest rate environments are crucial - rising rates can improve net interest margins if loan rates increase faster than deposit costs, but can also reduce loan demand and increase credit risk. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially leading to higher defaults. Competition from other regional banks, credit unions, and fintech companies can pressure both deposit rates (increasing costs) and loan rates (reducing income). Regulatory changes in banking rules can increase compliance costs and operational expenses. Local economic conditions in Virginia and North Carolina markets affect both loan demand and credit quality, making the bank sensitive to regional economic performance.
Competitive moat
Carter Bankshares operates in a moderately competitive regional banking market with limited but meaningful competitive advantages. The company's primary moat stems from local market relationships and community presence built over nearly 50 years of operation. Regional banks often benefit from personal relationships with customers who value local decision-making and community involvement over the standardized services of large national banks. However, this moat is not particularly strong or durable. Geographic concentration in Virginia and North Carolina creates both opportunity and risk - while deep local knowledge provides advantages, it also limits diversification and makes the bank vulnerable to regional economic downturns. Competitive threats come from multiple directions: larger banks with superior technology and resources, credit unions with tax advantages and member-focused models, and fintech companies offering more convenient digital banking solutions. The banking industry's fundamental challenge is that deposits and loans are largely commoditized products, making it difficult to maintain pricing power. Carter's relatively small size (under $5 billion in assets) limits its ability to invest in cutting-edge technology or compete on rates with larger institutions. While community relationships provide some customer stickiness, younger customers increasingly prioritize digital convenience over personal relationships, potentially eroding this traditional regional bank advantage over time.
Risks & safety
Carter Bankshares presents a moderate margin of safety typical of well-capitalized regional banks, though with some areas of concern. • Solvency and Capital: The bank maintains adequate capitalization with a debt-to-equity ratio of 0.18 as of Q4 2024, down from higher levels in prior quarters. Total assets of $4.66 billion are supported by $384 million in shareholders' equity. • Liquidity Position: Cash and short-term investments of $131 million provide reasonable liquidity, though this represents only 2.8% of total assets. The current ratio of 0.25 reflects the typical asset-liability structure of banks where deposits (liabilities) significantly exceed liquid assets. • Profitability Metrics: Return on equity of 6.4% for 2024 is respectable but not exceptional. Net income of $24.5 million on $132.4 million revenue demonstrates reasonable profitability. • Valuation: Trading at 16.4x earnings and 1.04x book value, the stock appears fairly valued relative to regional bank peers, neither particularly cheap nor expensive. • Cash Generation: Positive operating cash flow of $37 million and free cash flow of $29 million indicate healthy cash generation, though these figures can be volatile in banking due to loan growth and deposit flows.
Recent development
Based on the available financial data, Carter Bankshares has focused on maintaining stability and profitability during a challenging interest rate environment over the past few years. The bank has demonstrated consistent profitability with net income ranging from $23-50 million annually, though 2022's exceptionally high earnings of $50 million appear to be an outlier. The company has worked to optimize its balance sheet structure, with notable improvements in its debt-to-equity ratio from over 1.0 in 2023 to 0.18 by the end of 2024. This deleveraging suggests management's focus on strengthening the bank's capital position. Revenue has remained relatively stable in the $130-140 million range, indicating steady business operations despite economic uncertainties. Asset quality management appears to be a key focus, with the bank maintaining its lending standards while navigating interest rate volatility. The consistent generation of positive operating cash flows demonstrates the bank's ability to generate cash from its core banking operations, which is essential for maintaining dividend payments and funding growth initiatives.
CARE company profile · for informational purposes only — not investment advice.
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