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Carter Bankshares, Inc. logo

Carter Bankshares, Inc.

CARE

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Previous close

$31.25

+$0.10 · +0.32%

Aug 21, 4:00 PM ET

CARE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

68

Gaining

Sentiment

61

Bullish

Risk resilience

74

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Carter Bankshares, Inc. functions as the parent company for Carter Bank & Trust, delivering a comprehensive suite of banking solutions. It provides a variety of deposit accounts, including checking, savings, retirement, money market, and longer-term certificates of deposit. The institution also offers diverse loan products, such as secured and unsecured commercial loans, alongside consumer loans for purposes like auto financing, home improvements, education, overdraft protection, and personal investments. Additionally, it originates and holds residential mortgages (both fixed and variable rate), real estate construction and acquisition loans, home equity lines of credit, and credit cards. Beyond lending and deposits, Carter Bank & Trust furnishes other banking conveniences including safe deposit boxes, direct deposit services, extensive online and mobile banking capabilities (featuring bill pay, online account opening, and mobile deposit), debit cards, e-statements, and ATM access. The company further provides title insurance, various financial institution-related products, and treasury and corporate cash management services. Founded in 1974 and based in Martinsville, Virginia, Carter Bankshares, Inc. operates 69 branch locations spanning Virginia and North Carolina.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Litz H. Van Dyke
Listed since
Mar 15, 2007
Employees
687

Market position

Day range

Current $31.25

52-week range

Current $31.25

Open
$31.28
Previous close
$31.15
Volume
506.59K
1.32× average
Average volume
383.07K
Average daily volume
Market cap
692.57M USD
Beta
0.52
Market reference 1
50-day average
$32.6638
-4.33% below average
200-day average
$24.5984
+27.04% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
514.84M USD
P/E (TTM)
5.31×
P/B (TTM)
1.27×
P/S (TTM)
1.99×
EV / EBITDA
10.76×
Earnings yield
7.10%
Free cash flow yield
7.20%
Dividend yield
0.64%

Profitability & efficiency

Gross margin
81.86%
Operating margin
47.49%
Net margin
36.89%
Return on equity
7.47%
Return on assets
0.65%
Return on invested capital
4.89%

Financial health

Debt / equity
0×
Current ratio
0.12×
Altman Z-score
-0.62
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%64%33%3%Gross margin, FY2021: 84.14%Gross margin, FY2022: 87.06%Gross margin, FY2023: 61.99%Gross margin, FY2024: 57.35%Gross margin, FY2025: 61.68%Operating margin, FY2021: 22.83%Operating margin, FY2022: 34.45%Operating margin, FY2023: 13.56%Operating margin, FY2024: 12.88%Operating margin, FY2025: 15.71%Net margin, FY2021: 20.20%Net margin, FY2022: 27.98%Net margin, FY2023: 11.04%Net margin, FY2024: 10.23%Net margin, FY2025: 12.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 84.14%. Gross margin FY2022 87.06%. Gross margin FY2023 61.99%. Gross margin FY2024 57.35%. Gross margin FY2025 61.68%. Operating margin FY2021 22.83%. Operating margin FY2022 34.45%. Operating margin FY2023 13.56%. Operating margin FY2024 12.88%. Operating margin FY2025 15.71%. Net margin FY2021 20.20%. Net margin FY2022 27.98%. Net margin FY2023 11.04%. Net margin FY2024 10.23%. Net margin FY2025 12.32%.

Income trends

Revenue

254.63M USD+6.24%

Operating income

40M USD+29.58%

Net income

31.36M USD+27.89%
Income trends across reported periods277.75M USD185.25M USD92.76M USD259.8K USDRevenue, FY2021: 156.38M USDRevenue, FY2022: 179.15M USDRevenue, FY2023: 211.82M USDRevenue, FY2024: 239.67M USDRevenue, FY2025: 254.63M USDOperating income, FY2021: 35.7M USDOperating income, FY2022: 61.72M USDOperating income, FY2023: 28.72M USDOperating income, FY2024: 30.87M USDOperating income, FY2025: 40M USDNet income, FY2021: 31.59M USDNet income, FY2022: 50.12M USDNet income, FY2023: 23.38M USDNet income, FY2024: 24.52M USDNet income, FY2025: 31.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 156.38M USD. Revenue FY2022 179.15M USD. Revenue FY2023 211.82M USD. Revenue FY2024 239.67M USD. Revenue FY2025 254.63M USD. Operating income FY2021 35.7M USD. Operating income FY2022 61.72M USD. Operating income FY2023 28.72M USD. Operating income FY2024 30.87M USD. Operating income FY2025 40M USD. Net income FY2021 31.59M USD. Net income FY2022 50.12M USD. Net income FY2023 23.38M USD. Net income FY2024 24.52M USD. Net income FY2025 31.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue254.63M USD239.67M USD211.82M USD179.15M USD156.38M USD
Cost of goods sold97.57M USD102.23M USD80.51M USD23.18M USD24.8M USD
Gross profit157.06M USD137.45M USD131.31M USD155.97M USD131.58M USD
Selling, general, and administrative75.36M USD66.65M USD62.45M USD55.85M USD57.27M USD
Operating expenses117.05M USD106.58M USD102.59M USD94.25M USD95.89M USD
Interest income232.22M USD220.72M USD194.96M USD160.03M USD133.78M USD
Interest expense101.4M USD107.27M USD74.11M USD20.25M USD22.71M USD
Depreciation and amortization7.86M USD7.06M USD6.25M USD6.06M USD6.23M USD
Operating income40M USD30.87M USD28.72M USD61.72M USD35.7M USD
Net income31.36M USD24.52M USD23.38M USD50.12M USD31.59M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 3 misses, 1 met estimate
Average EPS surprise
+25.74%
11 comparable reports
Latest EPS result
1.31
Estimate 0.41 · Beat by 219.51%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.212.861.520.18Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 23, 2025: actual 0.37, estimate 0.21, surprise +76.19%, Beat. Q2 2025, reported Apr 24, 2025: actual 0.32, estimate 0.3, surprise +6.67%, Beat. Q3 2025, reported Jul 24, 2025: actual 0.41, estimate 0.31, surprise +32.26%, Beat. Q4 2025, reported Oct 23, 2025: actual 0.26, estimate 0.39, surprise -33.33%, Miss. Q1 2026, reported Jan 29, 2026: actual 0.41, estimate 0.33, surprise +24.24%, Beat. Q2 2026, reported Apr 23, 2026: actual 0.4, estimate 3.91, surprise -89.77%, Miss. Q3 2026, reported Jul 23, 2026: actual 1.31, estimate 0.41, surprise +219.51%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.53, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates127.48M94.49M61.5M28.51MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 23, 2025: actual 33.55M USD, estimate 35.6M USD, surprise -5.77%, Miss. Q2 2025, reported Apr 24, 2025: actual 36.05M USD, estimate 39.17M USD, surprise -7.97%, Miss. Q3 2025, reported Jul 24, 2025: actual 39.93M USD, estimate 38.6M USD, surprise +3.45%, Beat. Q4 2025, reported Oct 23, 2025: actual 38.13M USD, estimate 40.75M USD, surprise -6.43%, Miss. Q1 2026, reported Jan 29, 2026: actual 39.83M USD, estimate 40.66M USD, surprise -2.04%, Miss. Q2 2026, reported Apr 23, 2026: actual 106.91M USD, estimate 120.52M USD, surprise -11.30%, Miss. Q3 2026, reported Jul 23, 2026: actual 68.68M USD, estimate 55.9M USD, surprise +22.86%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 47.19M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$30.75

1.60% downside
Past 12 months12-month forecastHigh $34.50Average $30.75Low $27.00

Rating distribution

5 ratings
Strong buy00%
Buy00%
Hold5100%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions
Raymond JamesdowngradeOutperformMarket Perform
Hovde GroupdowngradeOutperformMarket Perform

CARE news

accessnewswire.com

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 "Plan"). The…

Read source
247wallst.com

Last Chance – 5 Dividend Stocks You Must Buy This Week to Get Paid in August

Income investors have intriguing opportunities and a narrow decision window this week.

Read source
prnewswire.com

KIMBERLY-CLARK UNVEILS PROPRIETARY ALTERNATIVE NATURAL FIBER INNOVATION PROGRAM TO ADVANCE ITS "BETTER CARE FOR A BETTER WORLD" COMMITMENT

Company Pioneers Next-Generation, Agriculture-Based Materials Platform to Reshape How It Manufactures Hygiene Products DALLAS, Aug. 3, 2026 /PRNewswire/ -- Kimberly-Clark Corporation (NASDAQ: KMB) today unveiled a…

Read source
zacks.com

Carter Bankshares, Inc. (CARE) Q2 Earnings and Revenues Top Estimates

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.41 per share a year ago.

Read source
accessnewswire.com

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 dividend of $0.10 per…

Read source
accessnewswire.com

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 $28.9 million, or $1.31…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.40

2015 complete year0.0% since 2011

2026 partial: $0.20

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 10, 2026

$0.10

Quarterly

Record Aug 10, 2026 · Payment Aug 24, 2026

Dividend

Ex-dividend May 11, 2026

$0.10

Irregular

Record May 11, 2026 · Payment May 25, 2026

Dividend

Ex-dividend Feb 14, 2020

$0.14

Special

Record Feb 18, 2020 · Payment Mar 3, 2020

Dividend

Ex-dividend Jul 13, 2016

$0.10

Quarterly

Record Jul 15, 2016 · Payment Jul 29, 2016

Dividend

Ex-dividend Apr 21, 2016

$0.10

Quarterly

Record Apr 25, 2016 · Payment May 2, 2016

Dividend

Ex-dividend Jan 13, 2016

$0.10

Quarterly

Record Jan 15, 2016 · Payment Jan 29, 2016

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ETFs holding CARE

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
23.4M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
21.47M
Weight
0.07%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
18.53M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
State Street SPDR S&P Regional Banking ETF logoState Street SPDR S&P Regional Banking ETFKRE
Market value
10.34M
Weight
0.25%
AUM
4.06B USD
Expense ratio
0.35%
Price / 1D
$74.86+0.20%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
8.9M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
8.84M
Weight
0.14%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
5.47M
Weight
0.04%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
4.85M
Weight
0.03%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%

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