Carter Bankshares (CARE) Set to Release Quarterly Earnings on Thursday

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

Carter Bankshares (NASDAQ:CARE) last posted its earnings results on Thursday, July 23rd. The company reported $0.53 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 Stock Performance

Shares of CARE stock opened at $30.18 on Wednesday. Carter Bankshares has a 1 year low of $16.78 and a 1 year high of $36.06. The stock has a fifty day moving average of $30.92 and a two-hundred day moving average of $29.80. The firm has a market capitalization of $668.79 million, a PE ratio of 18.59 and a beta of 0.59.

Insider Buying and Selling

In other Carter Bankshares news, Director Robert M. Bolton sold 1,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 55,000 shares in the company, valued at $1,903,000. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford N. Langs sold 2,500 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $34.54, for a total value of $86,350.00. Following the transaction, the insider directly owned 33,242 shares of the company’s stock, valued at approximately $1,148,178.68. The trade was a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James Financial lowered Carter Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Wall Street Zen downgraded shares of Carter Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carter Bankshares in a report on Friday, August 7th. Finally, Hovde Group reiterated a “market perform” rating and issued a $34.50 target price (up from $30.00) on shares of Carter Bankshares in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Carter Bankshares currently has an average rating of “Hold” and a consensus price target of $30.75.

About Carter Bankshares

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.