Carter Bankshares (CARE) to Post Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is projected 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 can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 31, 2026 at 12:30 PM ET.

Carter Bankshares (NASDAQ:CARE) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.09). Carter Bankshares had a return on equity of 7.51% and a net margin of 33.60%.The company had revenue of $106.91 million for the quarter, compared to analyst estimates of $42.47 million. 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 Price Performance

NASDAQ:CARE opened at $33.29 on Wednesday. The firm’s fifty day moving average price is $30.18 and its 200 day moving average price is $24.89. Carter Bankshares has a 1-year low of $16.78 and a 1-year high of $35.03. The firm has a market cap of $739.77 million, a price-to-earnings ratio of 6.84 and a beta of 0.51.

Insider Buying and Selling

In other Carter Bankshares news, insider Bradford N. Langs sold 5,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $26.47, for a total value of $145,585.00. Following the sale, the insider owned 27,093 shares of the company’s stock, valued at approximately $717,151.71. This represents a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth L. Walsh purchased 4,575 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $26.20 per share, with a total value of $119,865.00. Following the transaction, the director owned 58,753 shares of the company’s stock, valued at approximately $1,539,328.60. This represents a 8.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Carter Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in CARE. Empowered Funds LLC increased its holdings in Carter Bankshares by 27.3% during the 4th quarter. Empowered Funds LLC now owns 82,278 shares of the company’s stock valued at $1,618,000 after acquiring an additional 17,650 shares in the last quarter. Polymer Capital Management US LLC raised its position in Carter Bankshares by 21.5% during the fourth quarter. Polymer Capital Management US LLC now owns 15,460 shares of the company’s stock worth $304,000 after acquiring an additional 2,734 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Carter Bankshares by 16.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 126,663 shares of the company’s stock worth $2,490,000 after acquiring an additional 17,650 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Carter Bankshares by 24.9% in the fourth quarter. Trexquant Investment LP now owns 59,917 shares of the company’s stock valued at $1,178,000 after purchasing an additional 11,952 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Carter Bankshares by 14.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,791 shares of the company’s stock valued at $272,000 after purchasing an additional 1,695 shares in the last quarter. 41.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CARE shares. Freedom Capital downgraded shares of Carter Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Hovde Group cut Carter Bankshares from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a research report on Wednesday, June 3rd. Weiss Ratings raised Carter Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Raymond James Financial cut Carter Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Carter Bankshares from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Carter Bankshares has an average rating of “Hold” and a consensus price target 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.