Carter Bankshares (CARE) Projected to Announce Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is expected to be releasing its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.5390 per share and revenue of $47.19 million for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:00 AM ET.

Carter Bankshares (NASDAQ:CARE) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.91). Carter Bankshares had a net margin of 36.79% and a return on equity of 7.46%. The business had revenue of $68.68 million during the quarter, compared to analyst estimates of $55.90 million. On average, analysts expect Carter Bankshares to post $2.02 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.

Carter Bankshares Price Performance

Carter Bankshares stock opened at $29.75 on Tuesday. The company has a market cap of $659.26 million, a price-to-earnings ratio of 18.88 and a beta of 0.59. The firm has a 50-day moving average of $30.96 and a 200-day moving average of $29.75. Carter Bankshares has a one year low of $16.78 and a one year high of $36.06.

Carter Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Carter Bankshares’s payout ratio is currently 6.88%.

Analyst Upgrades and Downgrades

CARE has been the subject of several recent research reports. Raymond James Financial cut Carter Bankshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Carter Bankshares in a research note on Friday, August 7th. Wall Street Zen downgraded Carter Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Hovde Group reaffirmed a “market perform” rating and set a $34.50 price target (up from $30.00) on shares of Carter Bankshares in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.75.

Insider Buying and Selling

In other Carter Bankshares news, Director Robert Bolton sold 1,500 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $34.60, for a total value of $51,900.00. Following the transaction, the director directly owned 55,000 shares of the company’s stock, valued at $1,903,000. This represents a 2.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradford Langs sold 2,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $34.54, for a total transaction of $86,350.00. Following the completion of the transaction, the insider owned 33,242 shares in the company, valued at $1,148,178.68. This trade represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.38% of the company’s stock.

Carter Bankshares Company Profile

Carter Bankshares, Inc is the bank holding company for Carter Bank & Trust, a community-focused financial institution headquartered in Martinsville, Virginia. The company serves individuals, businesses and organizations through a network of banking locations primarily in Virginia and North Carolina.

Carter Bank & Trust offers consumer and business deposit products, including checking and savings accounts, certificates of deposit and cash-management services. Its lending activities include residential and commercial real estate loans, business loans, construction financing, consumer loans and lines of credit.

The bank also provides digital banking, treasury-management and other financial services designed to support personal and commercial customers.