Carter Bankshares (CARE) Projected to Post Quarterly Earnings on Thursday

Key Points

• Carter Bankshares will report Q1 2026 results before the market opens on Thursday, April 23, where analysts forecast EPS of $0.4901 and revenue of $42.47 million; an earnings call is scheduled for Friday, April 24 at 12:30 PM ET.
• In the prior quarter the company posted $0.41 EPS, beating estimates, while revenue of $39.83 million missed expectations; analysts project about $1 EPS for the current fiscal year and $2 for the next fiscal year.
• Carter Bankshares has a market cap of $538.3 million and a trailing P/E of 17.6, with a consensus analyst rating of Buy and an average price target of $22.00; institutional investors own roughly 41.5% of the shares.

Carter Bankshares (NASDAQ:CARE - Get Free Report) is anticipated to issue its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $0.4901 per share and revenue of $42.47 million for the quarter. Parties may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Friday, April 24, 2026 at 12:30 PM ET.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.08. The firm had revenue of $39.83 million for the quarter, compared to analyst estimates of $40.66 million. Carter Bankshares had a net margin of 12.32% and a return on equity of 7.64%. On average, analysts expect Carter Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carter Bankshares Price Performance

NASDAQ:CARE opened at $24.29 on Thursday. The firm has a market cap of $538.27 million, a PE ratio of 17.60 and a beta of 0.44. Carter Bankshares has a 12 month low of $14.43 and a 12 month high of $24.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $21.77 and its two-hundred day moving average price is $20.06.

Institutional Investors Weigh In On Carter Bankshares

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Carter Bankshares by 98.3% in the fourth quarter. Federated Hermes Inc. now owns 1,626 shares of the company's stock valued at $32,000 after buying an additional 806 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Carter Bankshares by 140.6% in the second quarter. Geneos Wealth Management Inc. now owns 2,625 shares of the company's stock valued at $46,000 after buying an additional 1,534 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Carter Bankshares by 113.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock valued at $65,000 after buying an additional 2,008 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Carter Bankshares in the second quarter valued at approximately $108,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Carter Bankshares by 90.1% in the third quarter. BNP Paribas Financial Markets now owns 7,334 shares of the company's stock valued at $142,000 after buying an additional 3,476 shares during the period. Institutional investors own 41.48% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Carter Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 9th. Freedom Capital upgraded shares of Carter Bankshares to a "strong-buy" rating in a research report on Thursday, December 25th. Zacks Research upgraded shares of Carter Bankshares from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Carter Bankshares from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Carter Bankshares has a consensus rating of "Buy" and an average price target of $22.00.

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.

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