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

Key Points

• Carter Bankshares is expected to report Q3 2026 results before market open on October 22. Analysts forecast earnings of $0.539 per share and revenue of $47.19 million.
• The company’s previous quarter produced $0.53 EPS, well below the $1.44 consensus estimate, although revenue of $68.68 million exceeded expectations of $55.90 million.
• Shares recently traded near $30, while analysts maintain a consensus “Hold” rating with a $30.75 target price. Carter Bankshares also pays a quarterly dividend of $0.10 per share, yielding approximately 1.3%.

Carter Bankshares (NASDAQ:CARE - Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to announce earnings of $0.5390 per share and revenue of $47.19 million for the quarter. Parties can find conference call details on the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:00 AM ET.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.91). The business had revenue of $68.68 million during the quarter, compared to analyst estimates of $55.90 million. Carter Bankshares had a net margin of 36.79% and a return on equity of 7.46%. 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 Down 0.5%

CARE stock opened at $30.03 on Thursday. The firm has a 50 day moving average of $31.12 and a two-hundred day moving average of $29.61. Carter Bankshares has a 12 month low of $16.78 and a 12 month high of $36.06. The company has a market capitalization of $665.46 million, a price-to-earnings ratio of 18.87 and a beta of 0.59.

Carter Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 10th. Carter Bankshares's dividend payout ratio is 6.88%.

Wall Street Analyst Weigh In

CARE has been the topic of several analyst reports. Wall Street Zen downgraded Carter Bankshares from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Carter Bankshares in a research note on Friday, August 7th. Raymond James Financial cut shares of Carter Bankshares from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 1st. Finally, Hovde Group reaffirmed a "market perform" rating and set a $34.50 price objective (up from $30.00) on shares of Carter Bankshares in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Carter Bankshares has a consensus rating of "Hold" and a consensus target price of $30.75.

Insider Activity at Carter Bankshares

In other news, insider Bradford N. Langs sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $34.54, for a total value of $86,350.00. Following the completion of the sale, the insider directly owned 33,242 shares of the company's stock, valued at approximately $1,148,178.68. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Bolton sold 1,500 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $34.60, for a total transaction of $51,900.00. Following the completion of the sale, the director owned 55,000 shares in the company, valued at approximately $1,903,000. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.38% of the company's stock.

Carter Bankshares Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.