Carter Bankshares, Inc. (CARE)

Over the past six months, Carter Bankshares, Inc. (CARE) stock has experienced a total return of 4.93%. In the third quarter of 2025, Carter Bankshares reported mixed results; net interest income improved, but earnings per share fell short of analyst estimates due to challenges with a nonperforming loan relationship, leading to a stock decline. Carter Bank received approval to become a state member bank of the Federal Reserve System through the Federal Reserve Bank of Richmond, which is expected to streamline compliance, enhance operational efficiency, and broaden access to federal liquidity facilities.

Information explicitly detailing demand seasonality for Carter Bankshares, Inc.'s products and services is not readily available. Demand for banking products is generally influenced more by broader economic conditions, interest rate environments, and regional economic activity rather than distinct seasonal patterns.

Carter Bankshares, Inc. operates in the Financial Services sector, specifically within the Regional Banks industry, providing retail and commercial financial products, services, and insurance products. Its offerings include deposit services like checking, savings, retirement, and money market accounts, as well as CDs. The company provides commercial and consumer loans, including secured and unsecured loans, real estate loans, commercial and industrial loans, auto financing, home improvement loans, education loans, overdraft protection, and home equity lines of credit. Additional services include safe deposit boxes, direct deposit, debit cards, and online banking with features like online account opening, bill pay, and e-statements.

Carter Bankshares, Inc. primarily operates in Virginia and North Carolina, with 64 branches as of September 30, 2025. In November 2025, Carter Bank expanded into South Carolina with an expansion into Greenville.

Carter Bankshares, Inc. has significantly enhanced its brand reputation over the past year following a comprehensive rebrand unveiled on October 30, 2024. The company's efforts were recognized with multiple national honors in December 2025, including accolades from the Brandies, the MUSE Awards, the Transform Awards, and the Davey Awards. Additionally, Carter Bank was named one of the Best Banks in Virginia by Forbes.

As of late 2025, Carter Bankshares, Inc. has 273 institutional owners and shareholders holding 41.48% of the stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors Lp. Insiders collectively own 1.86% of the company's stock. In the past three months, insider selling has outweighed insider buying, with insiders selling $32,754.00 in company stock and no reported purchases.