Carter Bankshares, Inc.
Carter Bankshares is a financial holding company headquartered in Martinsville, Virginia. It conducts its business through Carter Bank & Trust, a Virginia state-chartered bank with 64 branches in Virginia and North Carolina. The bank serves personal and business customers with deposit accounts, commercial and consumer loans, residential mortgages, home equity lines of credit, and financial services including digital banking, treasury management, title insurance, and safe deposit boxes. The bank earns money primarily from interest on loans and investment securities and fees for financial services. Its deposit offerings include checking, savings, retirement, money market, and certificate of deposit accounts. Lending products include commercial real estate, construction, commercial and industrial, mortgage, automobile, personal, education, and other consumer loans. The bank also originates some residential mortgage loans for sale shortly after closing.
No SEC Form 4 filings for $CARE in the last 30 days.
See all $CARE insider activity →Carter Bankshares authorized a $10 million share repurchase program, subject to Federal Reserve approval. Purchases may occur in open-market or private transactions, with timing and amounts at management's discretion. The program can be modified or terminated by the Board. (CARE)
Carter Bankshares, Inc. (CARE) filed an SEC Form 8-K — Other Events. ITEM 8.01. - Other Events. On November 9, 2026, Carter Bankshares, Inc. (the “Company”) announced that the Board of Directors (the “Board”) of the Company has authorized a common share repurchase program to purchase up to $10,000,000 of the Company’s common stock in the aggregate
Carter Bankshares reported 3Q 2026 revenue of $46.22M, up 18.2% YoY, with net income rising 43.2% to $7.76M. Net interest income grew due to higher yields and lower funding costs, while noninterest income declined. Higher credit-loss provisions and expenses were partly offset by an income tax benefit.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning CARE (Carter Bankshares, Inc.). Coverage has been balanced: 0 bullish, 2 neutral, and 0 bearish.
Recent CARE coverage spans corporate actions and earnings.
The new buyback program may provide modest support to the stock.
The new buyback may provide modest price support as shares are repurchased.
Quarterly earnings beat revenue and EPS expectations, but higher credit‑loss provisions may limit upside.
Improving NIM and falling nonperforming loans suggest better earnings power and credit quality, likely supportive for the stock.
Earnings miss and revenue shortfall likely trigger sell pressure.
AlphAI scores every news story that mentions CARE with an AI model for sentiment and relevance, and aggregates insider trades from Carter Bankshares, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Carter Bankshares authorized a $10 million share repurchase program, subject to Federal Reserve approval. Purchases may occur in open-market or private transactions, with timing and amounts at management's discretion. The program can be modified or terminated by the Board. (CARE)
Carter Bankshares, Inc. (CARE) filed an SEC Form 8-K — Other Events. ITEM 8.01. - Other Events. On November 9, 2026, Carter Bankshares, Inc. (the “Company”) announced that the Board of Directors (the “Board”) of the Company has authorized a common share repurchase program to purchase up to $10,000,000 of the Company’s common stock in the aggregate
Carter Bankshares reported 3Q 2026 revenue of $46.22M, up 18.2% YoY, with net income rising 43.2% to $7.76M. Net interest income grew due to higher yields and lower funding costs, while noninterest income declined. Higher credit-loss provisions and expenses were partly offset by an income tax benefit.
Carter Bankshares reported Q3 2026 net income of $7.8M ($0.35 per diluted share), with adjusted net income at $7.6M. Net interest income rose $1.3M QoQ to $41.2M, and net interest margin increased to 3.55%. Portfolio loans grew $36M sequentially, while nonperforming loans fell to 0.74%. The company maintains strong capital and liquidity, with a 14.24% CET1 ratio and $1.6B in available liquidity.
Carter Bankshares (CARE) reported Q3 EPS of $0.35, missing estimates by $0.19, with revenue at $46.22M, below the $47.19M consensus. The stock is down 12.61% over 3 months but up 75.39% year-over-year. Analysts revised EPS estimates both positively and negatively in the last 90 days.
Carter Bankshares (CARE) declared a $0.10 quarterly dividend, payable Nov 23, 2026 to shareholders of record Nov 9, 2026. The annualized yield is 1.32% based on the Oct 28, 2026 closing price. The company has $4.7B in assets and operates 63 branches.
Carter Bankshares, Inc. (CARE) filed an SEC Form 8-K — Other Events. Exhibit 99 FOR IMMEDIATE RELEASE – October 29, 2026 Carter Bankshares, Inc. Declares Quarterly Dividend Martinsville, VA, October 29, 2026 -- The board of directors of Carter Bankshares, Inc. (the “Company”) (NASDAQ: CARE), the holding company of Carter Bank (the “Bank”), approve
Carter Bankshares, Inc. (CARE) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE – October 29, 2026 Carter Bankshares, Inc. Announces Third Quarter 2026 Financial Results Martinsville, VA, October 29, 2026 – Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE), the holding company of Carter Bank (the “Bank”) today announced
Carter Bankshares (CARE) reported Q3 2026 net income, with loans growing $36M despite $161M in payoffs. The company launched a DRIP and SBA lending team. Net interest income rose 3.2% QoQ and 22.3% YoY. Nonperforming loans decreased $9.6M QoQ.
Carter Bankshares, Inc. (NASDAQ:CARE) announced a Dividend Reinvestment and Stock Purchase Plan offering up to 1,000,000 shares for purchase by existing shareholders. Enrollment is available anytime, with dividend reinvestment starting after the first dividend declared and paid after Aug. 24, 2026. The July 22, 2026 dividend payable Aug. 24 is not eligible. Computershare will administer the plan.
