Carter Bankshares, Inc. (CARE) Stock

Carter Bankshares, Inc. (CARE) is a Financials stock trading at $31.14 (as of 2026-08-20), with a market capitalization of $690.18M and a trailing P/E of 5.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Carter Bankshares, Inc. is the bank holding company for Carter Bank & Trust, offering deposit accounts, loans for commercial and consumer purposes (including residential mortgages and home equity credit), and related banking services such as online and mobile banking, bill pay, cards, and ATM access. It operates through branches in Virginia and North Carolina and serves retail and business customers.

Understand Carter Bankshares, Inc.: how it makes money

Carter Bankshares (CARE) is the bank holding company for Carter Bank & Trust, and it makes money by taking deposit products (checking, savings, retirement, money market accounts, and longer-term CDs) and lending to businesses and consumers (including commercial loans, residential mortgages, and construction financing).

CARE’s earnings are driven by its ability to generate net income from its loan book funded by deposits, while staying within credit risk limits reflected in nonperforming loan and asset balances and net charge-offs.

Business quality (Strong): Limited disclosure in the provided facts, no reportable segment revenue breakdown, and gross margin is not shown, but operating credit and balance-sheet KPIs are provided.

Valuation: At 7× earnings, CARE trades 47% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Diverse loan mix with a large commercial real estate component: Gross Loans are $3.75B, with Commercial Real Estate Gross Loans at $2.06B, plus Residential Mortgages ($0.83B), Construction ($0.47B), and other categories ($0.28B).
Community bank customer base: Retail Customers are 78.2%, and the company has 117,003 deposit customers, which supports a stable deposit base for funding lending activities.
Credit costs and reported nonperforming levels can be monitored directly: Nonperforming Loan Balance is $0.24B and Nonperforming Assets are $0.03B, alongside Net Charge-offs / Portfolio Loans Annualized of 0.04%.

Bear case

Credit risk in a bank with meaningful real estate exposure: The largest disclosed lending category is Commercial Real Estate Gross Loans ($2.06B), which can be pressured in a downturn and would show up through nonperforming loans/assets and net charge-offs.
Nonperforming balances are present: Nonperforming Loan Balance is $0.24B, so adverse credit developments could worsen earnings and capital over time.
Less clarity on profitability by business line: There is no reportable segment revenue breakdown provided, and gross margin is not shown, which limits insight into which parts of the business are driving results.

Valuation — source: SEC EDGAR (first-party)
Price	$31.14
Market Cap	$690.18M
P/E Ratio	5.4
EV / EBITDA	2.4
Price / Book	1.28
Price / Sales	2.90
FCF Yield	8.3%
DCF Value (model)	$22.01
DCF Upside vs Price	-29.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$20.32M
Net Margin	154.4%
Revenue Growth (YoY)	6.5%
EPS Growth (YoY)	254.1%
FCF Growth (YoY)	-3522.2%

Valuation vs Sector & Industry
Stock P/E	5.4
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-64.5%
vs Industry	-58.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($38.92M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Litz H. Van Dyke
Employees	680
Country	US
IPO Date	2007-03-15

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.