# Carter Bankshares, Inc. (CARE)

> Source: Nexqual · https://nexqual.com/CARE · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Carter Bankshares, Inc. (CARE), nexqual.com/CARE" · informational, not investment advice.

**Price:** USD 30.22 (-0.33% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 30.32 · day 29.88–30.38 · 52w 16.78–36.06 · market cap $700M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $255M, net income $129M (50.5% margin) (SEC filings).
- Valuation: P/E 5.4x (avg 15.1x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $341K; 5 not under a Rule 10b5-1 plan ($341K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $120K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.75 on a 1–5 scale) (4 analysts), mean target USD 35.08 (range 34.5–35.75).
- Total return with dividends: 1Y +75.2% vs S&P 500 +13.6%; 5Y +103.1% vs S&P 500 +79.8%.
- Next earnings: 2026-10-29, EPS estimate USD 0.53, revenue estimate $45.4M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $140M | $162M | $141M | $136M | $153M | $255M |
| Net income | $31.6M | $50.1M | $23.4M | $24.5M | $31.4M | $129M |
| EPS (diluted) | $1.19 | $2.03 | $1.00 | $1.06 | $1.38 | — |
| Free cash flow | $69.1M | $64.9M | $36.9M | $28.8M | $31.8M | $58.8M |
| Net margin | 22.6% | 31.0% | 16.6% | 18.1% | 20.5% | 50.5% |
| Revenue growth | +6.4% | +15.4% | -13.0% | -3.4% | +12.8% | — |
| Cash + short-term investments | $278M | $46.9M | $54.5M | $131M | $105M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.4x · P/S 2.8x · P/FCF 11.9x · P/B 1.3x · FCF yield 8.39% · Earnings yield 18.37%
P/E at fiscal year-ends: Dec 2025 14.1x, Dec 2024 16.4x, Dec 2023 14.9x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Midkiff Catharine L. | Director | 1,000 | $31K | 5.2% | No | Too little history (no open-market trades in 2024) |
| 2026-07-30 | Bolton Robert M. | Director | 1,500 | $52K | 2.2% | No | Too little history (no open-market trades in 2024) |
| 2026-07-30 | Langs Bradford N. | PRESIDENT, CHIEF STRATEGY OFCR | 2,500 | $86K | 7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | Langs Bradford N. | PRESIDENT, CHIEF STRATEGY OFCR | 5,500 | $146K | 16.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Haskins James W. | Director | 1,000 | $26K | 1.5% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $120K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-06 | Walsh Elizabeth L. | Director | 4,575 | $120K | 26.2 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.75 on a 1–5 scale), 4 analysts; mean target USD 35.08 (low 34.5, high 35.75).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +75.2% | +103.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +75.5% | +15.2% |
| Volatility (annualized) | 24.9% | 28.6% |
| Max drawdown | -16.7% (Aug 2026→Sep 2026) | -41.7% (Nov 2022→Oct 2023) |

## Peers (Banks - Regional)
FITB (Fifth Third Bancorp) USD 53.47 -0.22% · NU (Nu Holdings Ltd.) USD 11.97 -3.47% · TFC (Truist Financial Corporation) USD 48.42 -0.25% · DB (Deutsche Bank AG) USD 33.51 +4.33% · NWG (NatWest Group plc) USD 17.23 +2.13% · LYG (Lloyds Banking Group Plc) USD 5.5 +1.85%

## More
Full page: https://nexqual.com/CARE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CARE's own 10-K filed 2026-03-05 (https://www.sec.gov/Archives/edgar/data/1829576/000182957626000018/care-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Federal Deposit Insurance | "If the Company fails to meet applicable capital or liquidity requirements, it could become subject to supervisory actions or enforcement measures, including restrictions on our operations or growth, and such failure coul…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.53 | $0.53 | -0.6% | $45.4M | 4 |
| Next quarter (ends 2026-12-31) | $0.56 | $0.57 | -0.3% | $46.8M | 4 |
| Current fiscal year (ends 2026-12-31) | $5.76 | $5.50 | +4.9% | $259.5M | 3 |
| Next fiscal year (ends 2027-12-31) | $2.60 | $2.57 | +1.3% | $204.1M | 4 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.53 | $0.43 | Beat +23.3% | — |
| — | Quarter ended Mar 31, 2026 | $0.40 | $3.91 | Miss −89.8% | — |
| — | Quarter ended Dec 31, 2025 | $0.41 | $0.35 | Beat +17.1% | — |
| — | Quarter ended Sep 30, 2025 | $0.26 | $0.41 | Miss −36.6% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 8-K | Other material event — “On October 29, 2026, Carter Bankshares, Inc. (the "Company") (NASDAQ: CARE), the holding company of Carter Bank (the "Bank"), issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.10 per share on October 28, 2026. The dividend is payable on November 23, 2026 to shareholders of record as of November 9, 2026. Based on the closing stock price on October 28, 2026 of $30.22, the annualized dividend yield is 1.32%. A copy of the Company's press release dated October 29,…” | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000090/0001829576-26-000090-index.htm |
| 2026-10-29 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000089/0001829576-26-000089-index.htm |
| 2026-10-08 | Schedule 13G/A | Dimensional Fund Advisors LP: 6.2% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1829576/000035420426001038/0000354204-26-001038-index.htm |
| 2026-08-17 | 8-K | Other material event — “On August 17, 2026, Carter Bankshares, Inc. (the "Company") and its wholly-owned subsidiary, Carter Bank & Trust (the "Bank"), announced that the lawsuit filed against the Company and the Bank (along with certain other unaffiliated persons and entities) in the Circuit Court of Greenbrier County, West Virginia, by James C. Justice, II, his son James C. Justice, III, his daughter Jillean L. Justice, and various related entities that he and/or they own or in which they have an investment (collectively, the "Justice…” | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000083/0001829576-26-000083-index.htm |
| 2026-08-14 | Schedule 13G/A | Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd: 0.0% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1829576/000176780326000052/0001767803-26-000052-index.htm |
| 2026-08-11 | 8-K | Other material event — “The Board of Directors of Carter Bankshares, Inc. (the "Company") has established the Carter Bankshares, Inc. Dividend Reinvestment and Stock Purchase Plan (the "Plan"). The Company will offer up to 1,000,000 shares of common stock, par value $1.00 per share (the "Common Stock"), to existing shareholders of the Company for purchase under the Plan. The Plan provides enrolled participants with the opportunity to purchase additional shares of Common Stock through the reinvestment of dividends and through additional…” | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000080/0001829576-26-000080-index.htm |
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000077/0001829576-26-000077-index.htm |
| 2026-07-31 | Schedule 13G/A | Vanguard Capital Management: 5.0% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1829576/000210011926001324/0002100119-26-001324-index.htm |
| 2026-07-27 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000073/0001829576-26-000073-index.htm |
| 2026-07-23 | 8-K | Other material event — “On July 23, 2026, Carter Bankshares, Inc. (the "Company") (NASDAQ: CARE), the holding company of Carter Bank (the "Bank"), issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.10 per share. The dividend is payable on August 24, 2026 to shareholders of record as of August 10, 2026. Based on the closing stock price on July 22, 2026 of $32.92, the annualized dividend yield is 1.22%. A copy of the Company's press release dated July 23, 2026 is attached as Exhibit 99 to…” | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000071/0001829576-26-000071-index.htm |
| 2026-07-23 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1829576/000182957626000070/0001829576-26-000070-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.