Carter BanksharesCARE
CARE
About: Carter Bankshares Inc is a bank holding company that conducts its business solely through the bank. The Bank earns revenue from interest on loans and securities and fees charged for financial services provided to customers. It offers a full range of deposit services including Lifetime Free Checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. The Bank offers a full range of commercial and consumer loans. The Bank also originates and holds fixed and variable-rate mortgage loans and offers home equity lines of credit to its customers.
Employees: 680
0
Funds holding %
of 7,429 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
65% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 31
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
8% more capital invested
Capital invested by funds: $179M [Q1] → $194M (+$14.8M) [Q2]
2% more funds holding
Funds holding: 112 [Q1] → 114 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.46% less ownership
Funds ownership: 48.77% [Q1] → 48.31% (-0.46%) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for CARE.
Financial journalist opinion
Based on 3 articles about CARE published over the past 30 days
Positive
Zacks Investment Research
18 hours ago
Why Carter Bankshares (CARE) Might be Well Poised for a Surge
Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Positive
The Motley Fool
3 weeks ago
Carter Bankshares EPS Jumps 76% in Q2
Carter Bankshares (CARE 0.74%), a regional bank focused on commercial and consumer lending across Virginia and the Carolinas, released its earnings for Q2 2025 on July 24, 2025. The most notable news was a strong beat on reported earnings per share (GAAP), which landed at $0.37 in Q2 2025 -- outpacing the consensus forecast of $0.34 (GAAP).
Positive
Zacks Investment Research
3 weeks ago
Wall Street Analysts Think Carter Bankshares (CARE) Could Surge 26.44%: Read This Before Placing a Bet
The consensus price target hints at a 26.4% upside potential for Carter Bankshares (CARE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Carter Bankshares (CARE) Q2 Earnings
While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Carter Bankshares, Inc. (CARE) Beats Q2 Earnings Estimates
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.21 per share a year ago.
Neutral
Accesswire
1 month ago
Carter Bankshares, Inc. Announces Second Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / July 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.5 million, or $0.37 diluted earnings per share ("EPS"), for the second quarter of 2025 compared to net income of $9.0 million, or $0.39 diluted EPS, for the first quarter of 2025 and net income of $4.8 million, or $0.21 diluted EPS, for the second quarter of 2024. Net interest income was $32.4 million for the second quarter of 2025, $30.1 million for the first quarter of 2025, and $28.1 million for the second quarter of 2024.
Neutral
Accesswire
2 months ago
Carter Bank Completes the Purchase of Two First Reliance Bank Branches in North Carolina
Through the purchase, the bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte. MARTINSVILLE, VA / ACCESS Newswire / May 27, 2025 / Carter Bankshares, Inc. (Nasdaq:CARE), the holding company for Carter Bank (the "Bank"), announced today the completion of the previously announced Purchase and Assumption for the deposits associated with two branches in Mooresville and Winston-Salem, North Carolina with First Reliance Bankshares, Inc. (OTC: FSRL), the holding company for First Reliance Bank.
Neutral
Zacks Investment Research
4 months ago
Carter Bankshares (CARE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
4 months ago
Carter Bankshares, Inc. (CARE) Q1 Earnings and Revenues Beat Estimates
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.24 per share a year ago.
Neutral
Accesswire
4 months ago
Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / April 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first quarter of 2024. Pre-tax pre-provision income1 was $9.0 million for the first quarter of 2025, $5.6 million for the fourth quarter of 2024 and $7.2 million for the first quarter of 2024.
Charts implemented using Lightweight Charts™