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Carter Bankshares, Inc. Stock Price

NasdaqGS:CARE Community·US$692.6m Market Cap
  • 0 Narratives written by author
  • 0 Comments on narratives written by author
  • 3 Fair Values set on narratives written by author

CARE Share Price Performance

US$31.25
12.05 (62.76%)
US$31.25
12.05 (62.76%)
Price US$31.25

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Snowflake Analysis

Outstanding track record with flawless balance sheet.

1 Risk
2 Rewards

Carter Bankshares, Inc. Key Details

US$286.2m

Revenue

US$0

Cost of Revenue

US$286.2m

Gross Profit

US$159.3m

Other Expenses

US$126.9m

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
5.72
100.00%
44.33%
2.1%
View Full Analysis

About CARE

Founded
1974
Employees
687
CEO
Litz Van Dyke
WebsiteView website
www.carterbank.com

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, overdraft protection, and personal, and residential mortgages loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it offers other banking services that include safe deposit boxes, direct deposit of payroll, social security checks, and debit cards; online banking products, including online and mobile banking, online account opening, bill payment, electronic statement, mobile deposit, Zelle, credit monitoring tools, digital wallet, MoneyPass, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Recent CARE News & Updates

Seeking Alpha Aug 06

Carter Bankshares' Growth Doesn't Buy It A 'Buy' Rating

Summary Carter Bankshares has demonstrated rapid growth, expanding its footprint and improving key balance sheet metrics. CARE maintains low uninsured and brokered deposit exposure, minimal office loan risk, and has eliminated debt, reducing its risk profile. Despite strong revenue and profit growth, normalized returns on assets (0.87%) and equity (7.76%) lag preferred thresholds, and non-performing assets exceed comfort levels. I rate CARE a 'Hold' due to fair-to-high valuation, asset quality concerns, and elevated non-performing loans, despite its growth trajectory. Read the full article on Seeking Alpha

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