Carter Bankshares
Runs Carter Bank & Trust's commercial, consumer, mortgage, and deposit banking franchise.
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Profile
Operates a community-bank model through Carter Bank & Trust, serving personal and business customers with deposits, commercial lending, mortgages, digital banking, and treasury services. The franchise is concentrated in Virginia and North Carolina, with a Greenville, South Carolina commercial-banking office extending its footprint.
Conducts business through Carter Bank & Trust, an FDIC-insured Virginia state-chartered community bank. Its product set centers on deposits, commercial real estate lending, residential mortgages, construction loans, commercial and industrial lending, consumer banking, digital banking, and treasury/cash management.
Serves a relationship-banking franchise concentrated in Virginia and North Carolina, with a Greenville, South Carolina loan-production office for commercial clients. Deposits are the primary funding source, while lending and financial-service fees drive the core banking model.
Executes as a one-bank holding company rather than a diversified segment platform. The business is shaped by community-bank regulation, Federal Reserve membership, local-market credit quality, and the sale of the Justice-related nonperforming loan relationship.
Company facts
Categories
Key statistics
Year to date +61.8% · Average volume (30d) 383.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Hovde Group | Reiterate | Market Perform | $30 | $34.50 | |
| Jul 1, 2026 | Raymond James | Downgrade | Outperform | Market Perform | ||
| Jun 3, 2026 | Hovde Group | Downgrade | Outperform | Market Perform | $30 | |
| May 15, 2026 | Freedom Broker | Downgrade | Buy | Hold | ||
| Apr 27, 2026 | Raymond James | Target | $22 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.41 | $1.31 | +219.5% | $55.9M | $68.7M | +22.9% | +0.32% |
| Apr 23, 2026Q1 FY26 | $3.91 | $0.40 | −89.8% | $120.5M | $106.9M | −11.3% | +1.05% |
| Jan 29, 2026Q4 FY25 | $0.33 | $0.41 | +24.2% | $40.7M | $39.8M | −2.0% | +4.54% |
| Oct 23, 2025Q3 FY25 | $0.39 | $0.26 | −33.3% | $40.8M | $38.1M | −6.4% | +4.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $61.9M | $61.7M | $63.6M | $64.5M | $130.2M | $90.2M | |
| Gross profit | $38.2M | $38.9M | $34.9M | $42.1M | $141.0M | $67.2M | |
| Operating income | $11.1M | $10.6M | $7.2M | $11.1M | $110.0M | $37.2M | |
| Net income | $9.0M | $8.5M | $5.4M | $8.5M | $85.8M | $28.9M | |
| Diluted EPS | $0.39 | $0.37 | $0.24 | $0.39 | $3.93 | $1.32 | |
| Gross margin | 61.7% | 63.2% | 54.9% | 65.2% | 108.4% | 74.5% | |
| Operating margin | 18.0% | 17.2% | 11.3% | 17.2% | 84.5% | 41.3% |
Fiscal years (4-quarter sums)FY21 $156.4M · FY22 $178.5M · FY23 $210.7M · FY24 $239.7M · FY25 $251.7M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $681.4M · Total debt $0 · Total assets $4.80B · Shareholders' equity $539.1M
Dividends
Raised for 8 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 24 | $0.10 | |
| May 11, 2026 | May 11 | May 25 | $0.10 |
Ownership
Shares outstanding 22.16M · Float 21.16M · 95.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.80M | 8.11% | 13F | Aug 7, 2026 |
| Fourthstone LLC | 1.50M | 6.78% | 13G | May 15, 2026 |
| Dimensional Fund Advisors LP | 1.26M | 5.67% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 955.9K | 4.31% | 13F | Aug 13, 2026 |
| State Street Corp | 912.3K | 4.12% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | Bradford N. Langs | officer: PRESIDENT, CHIEF STRATEGY OFCR | −2,500 | $34.54 |
| Jul 30, 2026 | Robert M. Bolton | director | −1,500 | $34.60 |
| May 12, 2026 | Bradford N. Langs | officer: PRESIDENT, CHIEF STRATEGY OFCR | −5,500 | $26.47 |
| May 6, 2026 | Elizabeth L. Walsh | director | +4,575 | $26.20 |
| May 5, 2026 | James W. Haskins | director | −1,000 | $26.04 |
Peers
- Atlantic Union Bankshares
Virginia-centered regional bank with broad commercial overlap
- TowneBank
Virginia and Carolinas relationship bank with mortgage breadth
- Truist Financial
Super-regional incumbent across deposits, lending, and treasury
- First Bancorp
Carolinas community bank with dense NC and SC branch overlap
- First Community Bankshares
Southwest Virginia and NC community-bank peer
- United Community Banks
Southeast regional bank competing in SC and NC relationship banking
- Pinnacle Financial Partners
Large Southeast relationship bank targeting commercial clients
- Southern First Bancshares
Greenville-centered bank overlapping in SC and NC metros
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Carter Bankshares | $31.47 | +0.10% | $697.4M | 5.4 | 13.4 | 2.0 | +72.0% |
| Atlantic Union Bankshares | $40.66 | +0.02% | $5.77B | 12.1 | 10.5 | 2.6 | −3.5% |
| TowneBank | $37.47 | +0.09% | $3.45B | 10.5 | 11.3 | 2.7 | +18.5% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| First Bancorp | $64.66 | +1.13% | $2.65B | 19.9 | 14.1 | 6.2 | +16.3% |
| First Community Bankshares | $48.92 | −0.18% | $923.0M | 15.4 | 16.1 | 6.7 | +48.5% |
| United Community Banks | $35.18 | −0.01% | $4.21B | 11.5 | 11.6 | 2.7 | +9.8% |
| Pinnacle Financial Partners | $101.09 | +0.02% | $15.26B | 12.4 | 9.4 | 3.1 | +145.2% |
| Southern First Bancshares | $62.26 | +0.04% | $588.7M | 13.3 | 11.3 | 2.8 | +25.3% |
| Median | 12.3 | 11.3 | 2.7 | +17.4% |