Carter Bank/$CARE

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About Carter Bank

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.
Ticker
$CARE
Sector
Finance
Primary listing
NASDAQ
Employees
687
Headquarters
Martinsville, United States
Website
www.carterbank.com

Carter Bank Metrics

BasicAdvanced
$671M
5.24
$5.77
0.52
$0.20
1.32%

Bulls say / Bears say

The March 2026 sale of the large Justice-related nonperforming loan portfolio removed $209.5 million of NPLs, generated an $80.0 million net gain, and increased tangible book value per share by $3.49. This materially reduced concentration and legacy-credit risk. (SEC filing on the loan sale)
Core banking momentum improved in Q2: net interest income rose 23.5% year over year to $40.0 million and net interest margin expanded to 3.38% from 2.80% a year earlier. Lower funding costs and a securities repositioning into higher-yielding assets could support future earnings. (Carter Bankshares Q2 2026 results)
Capital allocation has become more shareholder-friendly after the balance-sheet cleanup: the board reinstated a $0.10 quarterly dividend in April 2026 and declared another $0.10 payment in July, while the company later established a dividend-reinvestment and stock-purchase plan. (Carter Bankshares dividend announcement)
Reported earnings are heavily dependent on one-time items: Carter recorded approximately $100.9 million of aggregate nonrecurring gains in the first half of 2026, while Q2 adjusted net income was only $11.6 million versus $28.9 million GAAP net income. The Bearing Insurance sale also reduces recurring insurance commission income. (Carter Bankshares Q2 2026 results)
Credit quality improved substantially year over year but deteriorated sequentially: nonperforming loans rose to $37.6 million from $24.0 million in Q1 2026, while allowance coverage of NPLs declined to 146.9% from 219.0%. A newly downgraded commercial-and-industrial relationship accounted for much of the increase. (Carter Bankshares Q2 2026 results)
Underlying balance-sheet growth remains modest: portfolio loans increased only $6.1 million sequentially and declined 0.3% year over year, despite management citing continued origination activity; deposits also fell $37.7 million during Q2. This limits the near-term ability to replace divested assets with organically growing earning assets. (Carter Bankshares Q2 2026 results)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

Carter Bank News

AllArticlesVideos

Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan

Accesswire1 month ago

Carter Bankshares, Inc. Declares Quarterly Dividend

Accesswire2 months ago

Carter Bankshares, Inc. Announces Second Quarter 2026 Financial Results

Accesswire2 months ago

Funds containing Carter Bank

Funds
Fund name
Fund size
$CARE weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.02%
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