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Carter Bankshares, Inc. CARE Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$106.9MMiss by $13.6M
EPS$0.40Miss by $3.51
Revenue estimate$120.5M
EPS estimate$3.91

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$47.2M
EPS estimate$0.54

Financials

Q1 2026

Income statement

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Revenue$106.9M+189%
Net income$85.8M+858%
EPS (diluted)$3.88+895%

Balance sheet

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Total equity$504.9M+25.7%
Total assets$4.8B+2.1%

Cash flow

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Operating cash flow$303.9M+4,667%
CapEx$1.5M+0.9%
Free cash flow$302.4M+6,131%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$516.88M+38.1%
P/E4.8×-8.7×
P/S2.3×-0.4×

Profitability

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Net margin48.5%+28.6pp
FCF margin147.6%—

Returns & leverage

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Return on equity23.9%+16.6pp

FAQ

When did Carter Bankshares, Inc. report Q1 2026 earnings?
Carter Bankshares, Inc. (CARE) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Carter Bankshares, Inc.'s Q1 2026 revenue and EPS?
Carter Bankshares, Inc. reported revenue of $106.9M and eps of $0.40 for Q1 2026.
Did Carter Bankshares, Inc. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $120.5M by $13.6M. EPS missed the consensus estimate of $3.91 by $3.51.
How did Carter Bankshares, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 196.6% from $36.0M a year earlier and eps grew 25.0% from $0.32.
Where can I find Carter Bankshares, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001829576-26-000036) and the 10-Q periodic report (0001829576-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.