Headquartered in Martinsville, VA Fiscal year ends December NASDAQ: CARE carterbank.com
Carter Bankshares, Inc. (NASDAQ: CARE) is the holding company of Carter Bank, a community bank providing commercial banking, consumer banking, mortgage and other services.
As of September 30, 2026, it had about $4.7 billion in assets and 63 branches in Virginia and North Carolina.
Its loan portfolio of roughly $3.8 billion is concentrated in commercial real estate, with additional exposure to:
- residential mortgages
- construction
- commercial and industrial
- consumer lending
These loans are funded mainly by about $4.1 billion of deposits, including a sizable certificate of deposit base.
In 2026 the company:
- sold a large nonperforming credit relationship;
- divested its membership interest in Bearing Insurance Group, reducing insurance commission income;
- repositioned part of its available-for-sale securities portfolio;
- launched a dedicated SBA 7(a) lending team serving small businesses nationwide;
- established a Dividend Reinvestment and Stock Purchase Plan administered by Computershare. Updated
Two bad loans wiped out the quarter: an $8.0 million charge-off on a commercial borrower that filed Chapter 11, plus a commercial real estate credit, pushing EPS well short of expectations. Revenue still beat and net interest margin expanded, so the core bank is working. Credit is the only question that matters here.
Five NASDAQ dividend stocks share an ex-date that lands Monday, and missing a single Friday close locks income investors out of August payments entirely. The window is closing fast, and the quality…
Carter Bankshares, Inc. (NASDAQ: CARE) is the holding company of Carter Bank, a community bank providing commercial banking, consumer banking, mortgage and other services. As of September 30, 2026, it had about $4.7 billion in assets and 63 branches in Virginia and North Carolina.
The Wall Street consensus 12-month price target for CARE is $34.08.
