Carter Bankshares, Inc. (CARE) Research

Carter Bankshares, Inc. functions as the parent company for Carter Bank & Trust, delivering a comprehensive suite of banking solutions. It provides a variety of deposit accounts, including checking, savings, retirement, money market, and longer-term certificates of deposit. The institution also offers diverse loan products, such as secured and unsecured commercial loans, alongside consumer loans for purposes like auto financing, home improvements, education, overdraft protection, and personal investments. Additionally, it originates and holds residential mortgages (both fixed and variable rate), real estate construction and acquisition loans, home equity lines of credit, and credit cards. Beyond lending and deposits, Carter Bank & Trust furnishes other banking conveniences including safe deposit boxes, direct deposit services, extensive online and mobile banking capabilities (featuring bill pay, online account opening, and mobile deposit), debit cards, e-statements, and ATM access. The company further provides title insurance, various financial institution-related products, and treasury and corporate cash management services. Founded in 1974 and based in Martinsville, Virginia, Carter Bankshares, Inc. operates 69 branch locations spanning Virginia and North Carolina.

Market snapshot

Symbol
CARE
Price
$30.96
Day change
+0.19%
Market cap
$688.0M
P/E ratio
6.25x
52-week range
16.34-31.4
Sector
Financial Services
Industry
Banks - Regional
Next earnings
in 1 month
Analyst price target
$28.50

Peer companies

  • Sierra Bancorp (BSRR)
  • Bank7 Corp. (BSVN)
  • Community West Bancshares (CWBC)
  • First Bank (FRBA)
  • Greene County Bancorp, Inc. (GCBC)
  • Kearny Financial Corp. (KRNY)
  • Southern First Bancshares, Inc. (SFST)
  • USCB Financial Holdings, Inc. (USCB)

Recent insider activity

  • Davis Jane Ann — F-InKind (261 shares) on 2026-05-21
  • Langs Bradford N. — S-Sale (5500 shares) on 2026-05-12
  • Walsh Elizabeth L. — G-Gift (725 shares) on 2026-05-08
  • Walsh Elizabeth L. — P-Purchase (4575 shares) on 2026-05-06
  • Haskins James W. — S-Sale (1000 shares) on 2026-05-05

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