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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
$634M
4.85
$5.91
0.59
$0.20
1.39%

Bulls say / Bears say

Net interest income rose 22.3% year on year and the net interest margin reached 3.51%, up from 2.86%. Higher asset yields and lower funding costs are improving the bank’s core earning power. (Carter Bankshares)
Loans grew by $36 million in the quarter despite $161 million of pay-offs, and rose 4.53% year on year excluding the earlier loan sale. A new SBA team and a construction lending pipeline offer further avenues for growth. (Carter Bankshares)
The exit from a large troubled lending relationship has left nonperforming loans at 0.74% of portfolio loans, while the Tier 1 capital ratio stood at 14.24%. This cleaner balance sheet and capital cushion support future lending capacity. (Carter Bankshares)
Reported nine-month net income of $122.4 million includes about $100.9 million of one-off gains; adjusted net income was only $27.8 million. Third-quarter EPS of $0.35 also missed the $0.54 consensus estimate, highlighting the gap between headline results and underlying earnings. (Carter Bankshares, Yahoo Finance)
Credit costs spiked: the bank recorded $12.1 million of net charge-offs in the quarter, equal to an annualised 1.28% of average loans. The losses included an $8 million commercial borrower exposure after a Chapter 11 filing and a $4 million commercial property loan write-down. (Carter Bankshares)
Building a South Carolina franchise organically may be difficult: Carter’s chief executive told American Banker the climb would be steep and that the bank would ultimately need a partner there. That points to acquisition and integration demands if the expansion strategy is to gain scale. (American Banker)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

Carter Bank Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Carter Bank Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Carter Bank News

AllArticlesVideos

CEO Litz Van Dyke Reflects on 10 Years with Carter Bank

Accesswire1 month ago

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

Accesswire3 months ago

Funds containing Carter Bank

Funds
Fund name
Fund size
$CARE weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.02%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.02%
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