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Carter Bankshares, Inc.

CARE

Carter Bankshares, Inc. is a financial holding company that operates primarily through its wholly-owned subsidiary, Carter Bank & Trust.

Market cap
$765.48M+93.6%
Revenue$254.5M+77.9%
Net income$128.6M+310%
EPS (diluted)$5.81+327%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$47.2M
EPS estimate$0.53

Financials

Q2 2026

Income statement

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Revenue$68.7M+84.3%
Net income$28.9M+240%
EPS (diluted)$1.31+254%

Balance sheet

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Total equity$539.1M+32.9%
Total assets$4.8B+0.4%

Valuation & ratios

Valuation

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Market cap$765.48M+93.6%
P/E-6.8×
P/S+0.2×

Profitability

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Net margin50.5%+28.6pp

Returns & leverage

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Return on equity27.2%+19.1pp

Competitors

Profile

Carter Bankshares, Inc. is a financial holding company that operates primarily through its wholly-owned subsidiary, Carter Bank & Trust. The company provides a full range of retail and commercial banking services, focusing on a community-oriented philosophy to build long-term customer relationships. Its core value proposition centers on delivering personalized financial solutions through a blend of traditional branch banking and modern digital platforms.

Competitive position

A community-focused regional bank that competes against larger national institutions by emphasizing local relationships and personalized service.

GeographiesVirginia, North Carolina, United States
Customer segmentsRetail, Commercial, Small Business
Business modelInterest Income, Fee-based Services, B2C, B2B
SuppliersFederal Reserve Bank, FDIC, Technology and Data Processing Providers, External Wellness and Training Professionals
CustomersIndividual Borrowers, Commercial Enterprises, Real Estate Investors, Government Benefit Recipients
Listed2007
Employees679.0
CEOLitz H. Van Dyke
FilingsSEC EDGAR

Questions, answered.

What is Carter Bankshares, Inc.'s market cap?
Carter Bankshares, Inc. (CARE) has a market capitalization of $765.5M and trades on NASDAQ.
What is Carter Bankshares, Inc.'s revenue and profitability?
Carter Bankshares, Inc. generated $254.5M in trailing twelve-month revenue with net income of $128.6M, representing a net margin of 50.5%. These figures are based on the Q2 2026 filing.
Who are Carter Bankshares, Inc.'s competitors?
Carter Bankshares, Inc.'s key competitors include Truist Financial Corporation, Bank of America, Wells Fargo & Company, and others. These companies compete in similar markets and product categories.
Who does Carter Bankshares, Inc. partner with?
Carter Bankshares, Inc.'s notable partners include Zelle, MoneyPass, First Reliance Bank.
What subsidiaries does Carter Bankshares, Inc. have?
Carter Bankshares, Inc.'s subsidiaries include Carter Bank & Trust, CB&T Investment Company.
Where is Carter Bankshares, Inc. headquartered?
Carter Bankshares, Inc. is headquartered in United States of America and employs approximately 679 people. It has been publicly traded since 2007.