Welcome to our dedicated page for Carter Bankshares news (Ticker: CARE), a resource for investors and traders seeking the latest updates and insights on Carter Bankshares stock.
Carter Bankshares, Inc. (NASDAQ: CARE) is the parent company of Carter Bank, a state‑chartered community bank headquartered in Martinsville, Virginia with branches in Virginia and North Carolina. This news page aggregates press releases, market announcements and other public updates related to Carter Bankshares, Inc. and its banking subsidiary.
Visitors can review earnings announcements detailing quarterly and annual financial results, including net income, net interest income, net interest margin, loan and deposit growth, allowance for credit losses and efficiency ratios. These releases also provide context on asset quality, such as nonperforming loans and the impact of the bank’s largest credit relationship in the "Other" segment of the loan portfolio.
The feed includes strategic and operational news such as branch acquisitions, market entries and expansions. Recent examples include the purchase of deposits and a branch facility in Mooresville and Winston‑Salem, the opening of a loan production office in Gastonia, and an expansion into Greenville, South Carolina. These updates describe how Carter Bank is extending its footprint across Virginia and the Carolinas and adding experienced commercial bankers in key markets.
Regulatory and corporate developments are also covered, including Carter Bank’s approval to become a state member bank of the Federal Reserve System, its conversion to a financial holding company and the launch of stock repurchase programs. Leadership and organizational updates, such as promotions within the finance and accounting teams, appear in dedicated press releases.
By following this page, readers can monitor how Carter Bankshares, Inc. reports its performance, manages credit quality, executes branch transactions and communicates strategic priorities through official news and SEC‑related disclosures.
Carter Bank (Nasdaq: CARE) launched Carter Youth Savings and Carter Youth Checking on May 6, 2026 for ages 6–18. Both accounts have no minimum balance, monthly maintenance fees, or transaction fees. Opening deposits: $10 (savings) and $25 (checking). Savings APY is 0.50%; checking is non‑interest‑bearing. Accounts convert at age 18 to Lifetime Free Checking and Carter Savings. Accounts must be opened in branch. The program includes financial education resources for families.
Carter Bankshares (NASDAQ:CARE) said its board approved a $0.10 per share quarterly cash dividend on April 22, 2026. Based on the April 21, 2026 close of $24.44, the company reported an annualized dividend yield of 1.64%. The dividend is payable May 25, 2026 to shareholders of record on May 11, 2026. Management described this as the first quarterly cash dividend in nearly 10 years and tied the reinstatement to improved financial metrics and operating performance in Q1 2026.
Carter Bankshares (NASDAQ:CARE) reported Q1 2026 net income of $85.8 million, or $3.88 diluted EPS, driven by a completed loan sale that produced $289.5 million in cash and an $80.0 million net gain. Core net interest income rose to $35.9 million and net interest margin widened to 3.07%.
Nonperforming loans fell to $24.0 million, allowance for credit losses to loans declined to 1.41%, and capital ratios strengthened (Tier 1 13.52%).
Carter Bank (Nasdaq:CARE) appointed Kimberly Dempsey Schaufenbuel as Executive Vice President and Chief Human Resources Officer, effective Feb. 2, 2026. Schaufenbuel will lead Human Resources and Training, bringing more than 20 years of HR, talent management, and organizational change experience.
She joins from Cherry Bekaert as a former Chief Human Resource Officer and will focus on leadership development, career pathing, integrated associate experience, and strengthening culture to support Carter Bank's long-term success.
Carter Bankshares (NASDAQ:CARE) reported Q4 2025 net income of $8.5M ($0.38 diluted EPS) and full-year 2025 net income of $31.4M ($1.38 diluted EPS), up from $24.5M in 2024. Net interest income was $34.6M in Q4 and $130.8M for 2025. Total loans grew to $3.9B (+7.0% YoY). Nonperforming loans fell to $244.0M (6.29% of loans) with the Bank's largest credit (Justice Entities) at $214.0M. Curtailment payments totaled $38.0M in 2025. Net interest margin expanded to 2.92% in Q4. Management highlighted margin expansion, loan growth, and continued resolution efforts on the largest nonperforming relationship.
Carter Bank (Nasdaq: CARE) said its 2024 rebrand has earned multiple national awards across four industry programs after one year: the Brandies, MUSE Awards, Transform Awards, and Davey Awards.
The announcement notes eight distinctions, including Brandies Best Rebrand – Financial Services; MUSE Gold for Corporate Identity and Advertising Campaign; Transform Bronze for Best Visual Identity; and Davey Gold for Integrated Campaign. Carter Bank was also named by Forbes as one of the Best Banks in Virginia.
The bank attributes the recognition to its new visual identity and team efforts and directs readers to carterbank.com for more information.
Carter Bank (Nasdaq: CARE) announced expansion into Greenville, South Carolina on November 20, 2025, extending its footprint across Virginia and the Carolinas.
The move follows recent growth in Charlotte, Winston-Salem, Raleigh, and Gastonia. Carter Bank said it hired an initial local team to lead the market: Mike Sarvis, market executive with 35+ years of experience and Greenville native, and Roslyn Gilstrap, senior commercial banker and Greenville native. The bank is searching for its first branch location in Greenville and will offer commercial and consumer banking, lending, deposit, cash management, and wealth solutions to local businesses and consumers.
Carter Bankshares (Nasdaq: CARE) announced on November 13, 2025 that Carter Bank, its wholly owned banking subsidiary, has received approval to become a state member bank and will be regulated by the Board of Governors of the Federal Reserve System through the Federal Reserve Bank of Richmond.
The company noted it is already regulated by the Federal Reserve Bank of Richmond and will continue state oversight by the Bureau of Financial Institutions of the Virginia State Corporation Commission. The company also said it recently converted to a financial holding company, which management said provides greater flexibility to innovate and grow.
Carter Bankshares (NASDAQ:CARE) reported Q3 2025 net income of $5.4M or $0.24 diluted EPS, down from $8.5M ($0.37) in Q2 2025. Net interest income was $33.7M in Q3 2025 and pre-tax pre-provision income was $10.4M. For the nine months ended September 30, 2025, net income was $22.9M or $1.00 diluted EPS.
Key balance-sheet items: total portfolio loans rose to $3.8B (annualized loan growth 9.4%), net interest margin was 2.86% (up 6 bps QoQ), and the efficiency ratio improved to 73.43%. Credit remains concentrated: loans tied to entities associated with James C. Justice II carry an aggregate principal of $228.6M and the Bank reported total NPLs of $258.6M (6.74% of loans) at September 30, 2025.
Carter Bank (Nasdaq: CARE) has expanded its presence in North Carolina by opening a new Loan Production Office in Gastonia. This expansion follows recent openings in Winston-Salem, Raleigh, and Mooresville, demonstrating the bank's continued growth strategy in the region.
The bank has assembled an experienced local banking team led by Brad Wilson as Senior Vice President and Commercial Market Executive, Jayson Philbeck as Senior Vice President of Commercial Banking, and Christie Dellinger as Commercial Support Specialist. The team brings combined experience of over 68 years in banking, particularly in Gaston and Cleveland County markets.
The new office, located at 6640 Wilkinson Boulevard, Suite 100, Belmont, NC, will offer commercial banking solutions, including business banking, lending, and cash management services.