Carter Bankshares, Inc. (CARE)

Carter Bankshares, Inc. stock has experienced notable events over the past six months. As of January 28, 2026, the stock was up 1.82% over the past 30 days and 12.96% over the past 12 months, with a 52-week high of $21.45 on January 22, 2026, and a 52-week low of $13.61 on April 11, 2025. Key events include the announcement of Q4 2025 financial results with a reported quarterly net income of $8.5 million, the approval of a $10 million stock repurchase plan, industry awards following its 2024 rebrand, market expansion into Greenville, South Carolina, joining the Federal Reserve Bank of Richmond as a state member bank, and reports of insider stock sales in late 2025.

Specific demand seasonality for Carter Bankshares, Inc.'s products and services is not readily available. As a regional community bank, significant seasonal fluctuations in overall demand for its core banking services are typically less pronounced. Demand for certain loan products, such as mortgages, might be influenced by broader economic conditions and interest rate environments rather than strict seasonality.

Carter Bankshares, Inc. is a bank holding company operating as the parent of Carter Bank & Trust, a state-chartered community bank in the Financial Services sector. It offers retail and commercial banking products and services, including deposit products, commercial and consumer loans, mortgages, credit cards, and treasury management services, and also provides insurance services. As of September 30, 2025, its assets totaled $4.9 billion.

As of October 23, 2025, Carter Bankshares, Inc. operates 64 branches across Virginia and North Carolina and has expanded into Greenville, South Carolina.

Carter Bankshares, Inc. has experienced both positive recognition and challenges to its brand reputation in the past year. The bank earned multiple industry awards following its 2024 rebrand. However, the company has also faced reputational challenges related to a long-running financial dispute and lawsuits with the Justice family, which was settled in June 2024, and a lawsuit from GLAS Trust, which was settled and dismissed in August 2024. These legal matters and the elevated non-performing loan ratio have been noted as risk factors.

Carter Bankshares, Inc. has 275 institutional owners and shareholders holding a total of 13,955,983 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors Lp. Top institutional holders by percentage of outstanding shares include BlackRock Institutional Trust Company, N.A., Roseman Wagner Wealth Management, and The Vanguard Group, Inc. Insider ownership stands at 2.16% of the company's shares.