Carter Bankshares (CARE)
Runs Carter Bank & Trust's commercial, consumer, mortgage, and deposit banking franchise.
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Operates a community-bank model through Carter Bank & Trust, serving personal and business customers with deposits, commercial lending, mortgages, digital banking, and treasury services. The franchise is concentrated in Virginia and North Carolina, with a Greenville, South Carolina commercial-banking office extending its footprint.
Conducts business through Carter Bank & Trust, an FDIC-insured Virginia state-chartered community bank. Its product set centers on deposits, commercial real estate lending, residential mortgages, construction loans, commercial and industrial lending, consumer banking, digital banking, and treasury/cash management.
Serves a relationship-banking franchise concentrated in Virginia and North Carolina, with a Greenville, South Carolina loan-production office for commercial clients. Deposits are the primary funding source, while lending and financial-service fees drive the core banking model.
Executes as a one-bank holding company rather than a diversified segment platform. The business is shaped by community-bank regulation, Federal Reserve membership, local-market credit quality, and the sale of the Justice-related nonperforming loan relationship.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 27, 2026 | Hovde Group | Reiterate | Rating: —Target: $30 | Target: $34.50 |
| Jul 1, 2026 | Raymond James | Downgrade | ||
| Jun 3, 2026 | Hovde Group | Downgrade | Target: — | Target: $30 |
| May 15, 2026 | Freedom Broker | Downgrade | ||
| Apr 27, 2026 | Raymond James | Target | Target: $22 | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $681.4M · Total debt $0 · Total assets $4.80B · Shareholders' equity $539.1M
- Revenue
- $90.2M
- Operating income
- $37.2M
- Net income
- $28.9M
HistoryDividendAnnual yield
| Institutions | ≈ 65.10% | 14.43M shares | |
|---|---|---|---|
| 163 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.61% | 578.3K shares | |
| 18 holders · as of Sep 11, 2026 | |||
| Strategic holders | 8.14% | 1.80M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Other | ≈ 24.15% | 5.35M shares | |
| remainder | |||
22.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 8.14% | 1.80M | filed Feb 3, 2022 |
BlackRock, Inc.Institution | 8.11% | 1.80M | as of Jun 30, 2026 |
Fourthstone LLCInstitution | 6.78% | 1.50M | filed May 15, 2026 |
Dimensional Fund Advisors LPInstitution | 5.67% | 1.26M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.31% | 955,877 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Catharine L. Midkiff | director | −1,000 | $31.25 |
| Jul 30, 2026 | Bradford N. Langs | officer: PRESIDENT, CHIEF STRATEGY OFCR | −2,500 | $34.54 |
| Jul 30, 2026 | Robert M. Bolton | director | −1,500 | $34.60 |
| May 12, 2026 | Bradford N. Langs | officer: PRESIDENT, CHIEF STRATEGY OFCR | −5,500 | $26.47 |
| May 6, 2026 | Elizabeth L. Walsh | director | +4,575 | $26.20 |
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- Pinnacle Financial Partners
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- Southern First Bancshares
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Carter Bankshares | $30.28 | +0.13% | $680.4M | 5.2 | 12.9 | 2.0 | +72.0% |
| Atlantic Union Bankshares | $38.74 | +0.16% | $5.52B | 11.6 | 10.0 | 2.5 | −3.5% |
| TowneBank | $36.36 | −0.04% | $3.38B | 10.3 | 11.0 | 2.6 | +18.5% |
| Truist Financial | $47.95 | −0.22% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| First Bancorp | $63.02 | −0.04% | $2.60B | 19.5 | 13.9 | 6.1 | +16.3% |
| First Community Bankshares | $47.27 | 0.00% | $887.3M | 14.8 | 15.5 | 6.4 | +48.5% |
| United Community Banks | $34.19 | −0.01% | $4.14B | 11.3 | 10.8 | 2.7 | +9.8% |
| Pinnacle Financial Partners | $94.80 | +0.18% | $14.57B | 11.9 | 8.8 | 3.0 | +145.2% |
| Southern First Bancshares | $61.00 | +0.66% | $578.9M | 13.1 | 11.0 | 2.7 | +25.3% |
| Median | 11.7 | 10.9 | 2.7 | +17.4% |