Carter Bankshares (CARE) to Announce Quarterly Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is expected to post its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect Carter Bankshares to post earnings of $0.41 per share and revenue of $55.90 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 24, 2026 at 12:30 PM ET.

Carter Bankshares (NASDAQ:CARE) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.09). The company had revenue of $106.91 million for the quarter, compared to the consensus estimate of $42.47 million. Carter Bankshares had a return on equity of 7.51% and a net margin of 33.60%. On average, analysts expect Carter Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carter Bankshares Trading Up 0.9%

CARE opened at $32.26 on Thursday. The stock has a market capitalization of $716.82 million, a PE ratio of 6.62 and a beta of 0.51. Carter Bankshares has a 1-year low of $16.78 and a 1-year high of $35.03. The firm has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $24.51.

Carter Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Monday, May 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 11th. Carter Bankshares’s dividend payout ratio is 8.21%.

Insider Activity

In related news, insider Bradford N. Langs sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.47, for a total transaction of $145,585.00. Following the completion of the sale, the insider directly owned 27,093 shares of the company’s stock, valued at $717,151.71. The trade was a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Elizabeth L. Walsh acquired 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price of $26.20 per share, for a total transaction of $119,865.00. Following the completion of the acquisition, the director directly owned 58,753 shares of the company’s stock, valued at $1,539,328.60. This trade represents a 8.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.38% of the stock is currently owned by company insiders.

Institutional Trading of Carter Bankshares

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of Carter Bankshares by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 25,175 shares of the company’s stock valued at $407,000 after purchasing an additional 11,794 shares during the period. Empowered Funds LLC boosted its position in shares of Carter Bankshares by 7.3% in the 1st quarter. Empowered Funds LLC now owns 90,725 shares of the company’s stock worth $1,468,000 after purchasing an additional 6,157 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Carter Bankshares during the first quarter worth $585,000. Creative Planning acquired a new stake in shares of Carter Bankshares during the second quarter worth $330,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Carter Bankshares by 7.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 46,795 shares of the company’s stock valued at $811,000 after purchasing an additional 3,066 shares during the last quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CARE. Weiss Ratings raised shares of Carter Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Hovde Group cut shares of Carter Bankshares from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a research report on Wednesday, June 3rd. Wall Street Zen raised Carter Bankshares from a “hold” rating to a “buy” rating in a report on Monday. Freedom Capital lowered Carter Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Raymond James Financial cut Carter Bankshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.50.

About Carter Bankshares

Carter Bankshares, Inc is a bank holding company headquartered in Suffolk, Virginia, operating primarily through its subsidiary, Carter Bank & Trust. The company offers a full range of commercial and retail banking services, serving individuals, small and mid-sized businesses, and nonprofit organizations. Its financial products are designed to meet the needs of local customers across southeastern Virginia and northeastern North Carolina.

Carter Bank & Trust provides deposit accounts, including checking, savings and money market products, as well as certificates of deposit.