Carter Bankshares, Inc. (CARE)

In the past six months, Carter Bankshares' stock price has been influenced by the announcement of third-quarter 2025 financial results, which reported a net income of $5.4 million, a decline from the previous quarter but consistent with the third quarter of 2024. Despite missing Q3 profit expectations, analysts maintained a buy rating, citing loan growth and potential benefits from future Federal Reserve rate reductions. The financial performance has been significantly impacted by nonaccrual loans, particularly a large credit relationship with the Justice Entities. Other notable events include the expansion of Carter Bank into Gastonia, North Carolina, and key leadership promotions in September 2025. Insider selling has also been observed. Over the past six months, the stock price has seen an increase, but a more recent decline in the past week and month.

Information directly detailing the demand seasonality for Carter Bankshares, Inc.'s specific banking products and services was not explicitly found. However, analysis of the company's historical stock price data suggests some seasonality in stock performance, with November historically showing the highest probability of positive returns for CARE stock.

Carter Bankshares, Inc. (CARE) is a financial holding company operating through its subsidiary, Carter Bank, and is headquartered in Martinsville, Virginia. The company offers a range of financial products and services, including commercial banking, consumer banking, and mortgage services. Its products include deposit services like checking, savings, and retirement accounts, as well as lending services such as commercial, consumer, and residential mortgage loans. Carter Bankshares also provides treasury management services and digital banking options.

Carter Bankshares, Inc. operates 64 branches across Virginia and North Carolina.

In the past year, Carter Bankshares has focused on strategic growth and operational efficiency, including expansions into new markets and strengthening its leadership team. The bank also completed the purchase of two First Reliance Bank branches in North Carolina in May 2025. However, the company's reputation has been challenged by the ongoing issue of a significant portion of its loan portfolio being on nonaccrual status, primarily related to the Justice Entities.

Carter Bankshares, Inc. has significant institutional ownership, with 273 institutional owners holding 51.07% of the company. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors Lp. Individual insider ownership stands at 3.6% of the shares.