Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction and acquisition loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. The company operates through 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.
IPO Year:
Exchange: NASDAQ
Website: cbtcares.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $22.00 | Outperform | Hovde Group |
| 5/1/2023 | $17.00 | Mkt Perform → Outperform | Raymond James |
| 4/6/2023 | Mkt Perform | Raymond James | |
| 12/5/2022 | $19.00 | Neutral | Piper Sandler |
| 10/6/2022 | $17.50 → $18.50 | Buy → Neutral | DA Davidson |
| 7/7/2022 | $16.00 | Mkt Perform → Outperform | Raymond James |
| 1/21/2022 | $17.00 | Neutral | Piper Sandler |
| 11/10/2021 | $14.00 → $12.00 | Sector Perform | RBC Capital |
| 7/8/2021 | Outperform → Market Perform | Raymond James |
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4 - Carter Bankshares, Inc. (0001829576) (Issuer)
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4/A - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
4/A - Carter Bankshares, Inc. (0001829576) (Issuer)
4/A - Carter Bankshares, Inc. (0001829576) (Issuer)
4/A - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
4 - Carter Bankshares, Inc. (0001829576) (Issuer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
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8-K - Carter Bankshares, Inc. (0001829576) (Filer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
10-Q - Carter Bankshares, Inc. (0001829576) (Filer)
8-K - Carter Bankshares, Inc. (0001829576) (Filer)
DEF 14A - Carter Bankshares, Inc. (0001829576) (Filer)
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Owen joined the bank in 2017 to start its mortgage division and also served as corporate sales director It is with profound sadness that Carter Bank (NASDAQ:CARE), announces the unexpected passing of Executive Vice President of Mortgage Banking and Corporate Sales Director, Richard Owen on January 25, 2025. A Roanoke native with a track record of success in financial services, Owen oversaw the day-to-day operations of both the bank's mortgage and corporate sales divisions for nearly a decade. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130334177/en/CARE), announces the unexpected passing of Executive Vice President of Mo
MARTINSVILLE, VA and FLORENCE, SC / ACCESSWIRE / December 10, 2024 / Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction").The Transaction allows First Reliance Bank to focus on its core markets in South Carolina as well as advance the organization's branch efficiency strategy. Of Fir
As the bank celebrates 50 years, it welcomes a new brand that blends modernity with the company's rich history as a compassionate community bank. Carter Bank (NASDAQ:CARE), a leading community bank with branches throughout Virginia and North Carolina, today unveiled a new brand identity centered entirely around the people who matter most—the customers and associates of Carter Bank and the communities it serves. The comprehensive new brand comes as Carter Bank—which opened its first branch in Rocky Mount, Va. in 1974—celebrates 50 years in business. Completed by branding firm Strum, the new branding includes an entirely redesigned logo, color palette, messaging and foundational brand eleme
MARTINSVILLE, VA / ACCESSWIRE / October 24, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.6 million, or $0.24 diluted earnings per share ("EPS"), for the third quarter of 2024 compared to net income of $4.8 million, or $0.21 diluted EPS, for the second quarter of 2024 and net income of $3.6 million, or $0.16 diluted EPS, for the third quarter of 2023. The pre-tax pre-provision income1 was $6.8 million for the third quarter of 2024, $6.2 million for the second quarter of 2024 and $5.4 million for the third quarter of 2023.For the nine months ended September 30, 2024, net income w
MARTINSVILLE, VA / ACCESSWIRE / July 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share ("EPS"), for the second quarter of 2024 compared to net income of $5.8 million, or $0.25 diluted EPS, in the first quarter of 2024 and net income of $5.7 million, or $0.24 diluted EPS, for the second quarter of 2023. The pre-tax pre-provision income1 was $6.2 million for the second quarter of 2024, $7.2 million for the first quarter of 2024 and $6.2 million for the second quarter of 2023.For the six months ended June 30, 2024, net income was $10.6
The new financial center at 2501 Blue Ridge Road includes full-service retail and commercial bankingMARTINSVILLE, VA / ACCESSWIRE / May 9, 2024 / As Carter Bank (NASDAQ:CARE) opens its first retail branch in Raleigh, a seasoned commercial banking team is already in place, actively serving area businesses under the leadership of long-time eastern North Carolina banking veteran, Todd Baker.Carter Bank caters to small to mid-size businesses, offering a comprehensive suite of products, services, and solutions, including lending, cash management, insurance, wealth advisory, and concierge-level service to business owners."We're excited to bring our enhanced version of consultative, relationship ba
MARTINSVILLE, VA / ACCESSWIRE / April 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.8 million, or $0.25 diluted earnings per share ("EPS"), for the first quarter of 2024 compared to a net loss of $(1.9) million, or $(0.08) EPS, in the fourth quarter of 2023 and net income of $15.9 million, or $0.67 diluted EPS, for the first quarter of 2023. The pre-tax pre-provision income 1 was $7.2 million for the quarter ended March 31, 2024, $1.6 million for the quarter ended December 31, 2023 and $21.9 million for the quarter ended March 31, 2023.The Company's financial results for the
The digital banking solution is designed to help businesses improve efficiencies with escrow and subaccount management.MARTINSVILLE, VA / ACCESSWIRE / February 1, 2024 / Carter Bank (NASDAQ:CARE), a leading community bank with branches throughout Virginia and North Carolina, announced today the launch of Carter ZEscrow, a revolutionary banking solution designed to help businesses of all sizes increase efficiency when it comes to managing escrow and subaccounts.Developed by ZSuite Tech, Carter ZEscrow is a digital platform that streamlines the escrow process. It provides customers with a secure and reliable way to handle their transactions, including account management, reporting, tax forms,
MARTINSVILLE, VA / ACCESSWIRE / January 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced a net loss of $1.9 million, or $(0.08) earnings per share ("EPS"), for the fourth quarter of 2023 compared to net income of $3.6 million, or $0.16 diluted EPS, in the third quarter of 2023 and $15.6 million, or $0.65 diluted EPS, for the fourth quarter of 2022. The quarterly pre-tax pre-provision income 1 was $1.6 million for the quarter ended December 31, 2023, $5.4 million for the quarter ended September 30, 2023 and $19.4 million for the quarter ended December 31, 2022.For the year ended December 31, 2023, net inc
MARTINSVILLE, VA / ACCESSWIRE / January 3, 2024 / Carter Bank (NASDAQ:CARE) is set for a big year in 2024, as the community bank headquartered in Martinsville is celebrating its 50th anniversary.The Bank, founded by Worth H. Carter Jr., first opened its doors on Dec. 13, 1974, with a single branch in Rocky Mount, Va. In the 50 years since, Carter Bank has grown to a leading community bank in the region, with more than 60 locations across Virginia and North Carolina."We are proud to be celebrating 50 years of community banking," said Litz Van Dyke, CEO of Carter Bank. "To be able to celebrate five decades in business is quite the accomplishment and a true testament to the vision of Mr. Carter
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MONTREAL, May 24, 2023 /CNW/ - Dialogue Health Technologies Inc. (TSX:CARE) ("Dialogue" or the "Company"), Canada's premier virtual healthcare and wellness platform, announced today that shareholders voted in favour of all items of business put forth by the Company at its annual general meeting of shareholders held on May 23, 2023 (the "Meeting"). 1. Election of Directors The seven (7) candidates proposed as directors were duly elected directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows: Nominee Votes For % Votes Withheld % Norma Beauchamp 35,094,153 98.98 % 362,863 1.02 % Paul Desmarais III 35,298,109 99.55
Jacob A. Lutz, III and Curtis E. Stephens Will Help Guide the Continued Growth of Carter Bankshares, Inc.MARTINSVILLE, VA / ACCESSWIRE / March 24, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company for Carter Bank & Trust, announced the appointment of two new members to its Board of Directors - Jacob A. Lutz, III and Curtis E. Stephens, both from Richmond, Virginia."We're excited to bring both Jake and Curtis on to the Company's Board of Directors," said Litz Van Dyke, Chief Executive Officer of Carter Bankshares, Inc. "The knowledge and experience that both of these individuals bring will be instrumental in guiding the continued growth of and shaping the futur
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Hovde Group initiated coverage of Carter Bank & Trust with a rating of Outperform and set a new price target of $22.00
Raymond James upgraded Carter Bank & Trust from Mkt Perform to Outperform and set a new price target of $17.00
Raymond James resumed coverage of Carter Bank & Trust with a rating of Mkt Perform
Piper Sandler resumed coverage of Carter Bank & Trust with a rating of Neutral and set a new price target of $19.00
DA Davidson downgraded Carter Bank & Trust from Buy to Neutral and set a new price target of $18.50 from $17.50 previously
Raymond James upgraded Carter Bank & Trust from Mkt Perform to Outperform and set a new price target of $16.00
Piper Sandler initiated coverage of Carter Bank & Trust with a rating of Neutral and set a new price target of $17.00
RBC Capital reiterated coverage of Dialogue Health Tech with a rating of Sector Perform and set a new price target of $12.00 from $14.00 previously
Raymond James downgraded Carter Bankshares from Outperform to Market Perform
DA Davidson upgraded Carter Bankshares from Neutral to Buy
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MARTINSVILLE, VA / ACCESSWIRE / October 24, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.6 million, or $0.24 diluted earnings per share ("EPS"), for the third quarter of 2024 compared to net income of $4.8 million, or $0.21 diluted EPS, for the second quarter of 2024 and net income of $3.6 million, or $0.16 diluted EPS, for the third quarter of 2023. The pre-tax pre-provision income1 was $6.8 million for the third quarter of 2024, $6.2 million for the second quarter of 2024 and $5.4 million for the third quarter of 2023.For the nine months ended September 30, 2024, net income w
MARTINSVILLE, VA / ACCESSWIRE / July 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share ("EPS"), for the second quarter of 2024 compared to net income of $5.8 million, or $0.25 diluted EPS, in the first quarter of 2024 and net income of $5.7 million, or $0.24 diluted EPS, for the second quarter of 2023. The pre-tax pre-provision income1 was $6.2 million for the second quarter of 2024, $7.2 million for the first quarter of 2024 and $6.2 million for the second quarter of 2023.For the six months ended June 30, 2024, net income was $10.6
MARTINSVILLE, VA / ACCESSWIRE / April 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.8 million, or $0.25 diluted earnings per share ("EPS"), for the first quarter of 2024 compared to a net loss of $(1.9) million, or $(0.08) EPS, in the fourth quarter of 2023 and net income of $15.9 million, or $0.67 diluted EPS, for the first quarter of 2023. The pre-tax pre-provision income 1 was $7.2 million for the quarter ended March 31, 2024, $1.6 million for the quarter ended December 31, 2023 and $21.9 million for the quarter ended March 31, 2023.The Company's financial results for the
MARTINSVILLE, VA / ACCESSWIRE / January 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced a net loss of $1.9 million, or $(0.08) earnings per share ("EPS"), for the fourth quarter of 2023 compared to net income of $3.6 million, or $0.16 diluted EPS, in the third quarter of 2023 and $15.6 million, or $0.65 diluted EPS, for the fourth quarter of 2022. The quarterly pre-tax pre-provision income 1 was $1.6 million for the quarter ended December 31, 2023, $5.4 million for the quarter ended September 30, 2023 and $19.4 million for the quarter ended December 31, 2022.For the year ended December 31, 2023, net inc
MARTINSVILLE, VA / ACCESSWIRE / October 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $3.6 million, or $0.16 diluted earnings per share ("EPS"), for the third quarter of 2023 compared to net income of $5.7 million, or $0.24 diluted EPS, in the second quarter of 2023 and net income of $14.4 million, or $0.59 diluted EPS, for the third quarter of 2022. The pre-tax pre-provision income1 was $5.4 million for the quarter ended September 30, 2023, $6.2 million for the quarter ended June 30, 2023 and $19.5 million for the quarter ended September 30, 2022.For the nine months ended Sept
MARTINSVILLE, VA / ACCESSWIRE / July 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.7 million, or $0.24 diluted earnings per share ("EPS"), for the second quarter of 2023 compared to net income of $15.9 million, or $0.67 diluted EPS, in the first quarter of 2023 and net income of $10.8 million, or $0.44 diluted EPS, for the second quarter of 2022. The pre-tax pre-provision income 1 was $6.2 million for the quarter ended June 30, 2023, $21.3 million for the quarter ended March 31, 2023 and $14.7 million for the quarter ended June 30, 2022.For the six months ended June 30, 2023
MARTINSVILLE, VA / ACCESSWIRE / April 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record quarterly net income of $15.9 million, or $0.67 diluted earnings per share ("EPS"), for the first quarter of 2023 compared to net income of $15.6 million, or $0.65 diluted EPS, in the fourth quarter of 2022 and net income of $9.3 million, or $0.36 diluted EPS, for the first quarter of 2022. The pre-tax pre-provision income1 was $21.3 million for the quarter ended March 31, 2023, $19.4 million for the quarter ended December 31, 2022 and $11.0 million for the quarter ended March 31, 2022.First Quarter 2023 Financi
MARTINSVILLE, VA / ACCESSWIRE / January 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $15.6 million, or $0.65 diluted earnings per share ("EPS"), for the fourth quarter of 2022 compared to net income of $14.4 million, or $0.59 diluted EPS, in the third quarter of 2022 and $5.6 million, or $0.21 diluted EPS, for the fourth quarter of 2021. The quarterly pre-tax pre-provision income 1 was $19.4 million for the quarter ended December 31, 2022, $19.5 million for the quarter ended September 30, 2022 and $7.6 million for the quarter ended December 31, 2021.Fourth Quarter 2022 Financial
MARTINSVILLE, VA / ACCESSWIRE / October 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $14.4 million, or $0.59 diluted earnings per share ("EPS"), for the third quarter of 2022 compared to net income of $10.8 million, or $0.44 diluted EPS, in the second quarter of 2022 and net income of $11.2 million, or $0.42 diluted EPS, for the third quarter of 2021. The pre-tax pre-provision income1 was $19.5 million for the quarter ended September 30, 2022, $14.7 million for the quarter ended June 30, 2022 and $11.6 million for the quarter ended September 30, 2021.For the nine months ended Sep
MARTINSVILLE, VA / ACCESSWIRE / July 28, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $10.8 million, or $0.44 diluted earnings per share, for the second quarter of 2022 compared to net income of $9.3 million, or $0.36 diluted earnings per share, in the first quarter of 2022 and net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021. The pre-tax pre-provision income 1 was $14.7 million for the quarter ended June 30, 2022, $11.0 million for the quarter ended March 31, 2022 and $6.7 million for the quarter ended June 30, 2021.For the six months ended Ju