Carter Bankshares (CARE) Expected to Announce Quarterly Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) 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 visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Friday, May 1, 2026 at 12:30 PM ET.

Carter Bankshares (NASDAQ:CARE) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $39.83 million during the quarter, compared to analysts’ expectations of $40.66 million. Carter Bankshares had a return on equity of 7.64% and a net margin of 12.32%. 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 Trading Up 0.8%

Shares of NASDAQ CARE opened at $24.44 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $541.59 million, a P/E ratio of 17.71 and a beta of 0.44. Carter Bankshares has a 1-year low of $14.85 and a 1-year high of $24.91. The business has a fifty day moving average price of $21.95 and a 200 day moving average price of $20.20.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Carter Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased 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 purchasing an additional 806 shares during the period. First Trust Advisors LP increased its holdings in shares of Carter Bankshares by 6.7% in the second quarter. First Trust Advisors LP now owns 14,780 shares of the company’s stock valued at $256,000 after purchasing an additional 930 shares during the period. Geneos Wealth Management Inc. increased 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 purchasing an additional 1,534 shares during the period. Price T Rowe Associates Inc. MD increased 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 during the period. Finally, Tower Research Capital LLC TRC increased 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 purchasing an additional 2,008 shares during the period. 41.48% of the stock is currently owned by hedge funds and other institutional investors.

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.