Carter Bankshares, Inc.
Carter Bankshares, Inc. (Nasdaq: CARE) is a financial holding company headquartered in Martinsville, Virginia that operates as the parent company of Carter Bank & Trust, a Virginia state-chartered bank. The company provides comprehensive commercial banking, consumer banking, mortgage, and financial services through a… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Carter Bankshares, Inc. does
In the company’s own words
Carter Bankshares, Inc. (Nasdaq: CARE) is a financial holding company headquartered in Martinsville, Virginia that operates as the parent company of Carter Bank & Trust, a Virginia state-chartered bank. The company provides comprehensive commercial banking, consumer banking, mortgage, and financial services through a network of 64 branches located across Virginia and North Carolina. The Bank became a member of the Federal Reserve System in November 2025 and the Company elected to become a financial holding company in October 2025.
The company's primary revenue sources include interest income on loans and investment securities, along with fees from various financial services. The Bank offers a full range of deposit products including noninterest-bearing and interest-bearing checking accounts, savings accounts, retirement accounts, money market accounts, and certificates of deposit. Lending products encompass commercial loans, commercial real estate loans, construction and acquisition loans, commercial and industrial loans, residential mortgage loans, automobile loans, home improvement loans, education loans, and consumer financing products. Additional services include safe deposit boxes, digital banking capabilities such as online and mobile banking, bill payment, mobile deposit, Zelle transfers, and treasury management services for business customers.
As of December 31, 2025, the company had total assets of $4.9 billion and employed 687 full-time associates across its two-state footprint. The company traces its origins to December 2006 when the Bank commenced business following the concurrent merger of ten regional banking institutions. The Company itself was incorporated in October 2020 to serve as the Bank's parent holding company in a corporate reorganization that became effective in November 2020. In May 2025, the company completed the acquisition of two leased branch facilities and associated deposits from First Reliance Bank in North Carolina, acquiring $55.9 million in deposits and welcoming ten associates to its team.
The company's competitive positioning emphasizes its community banking philosophy and relationship-focused approach to customer service, which management believes provides advantages particularly relative to larger national and regional banking institutions. The company maintains its website at www.cbtcares.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Commercial Banks
- Headquarters
- MARTINSVILLE, VA
- Fiscal year end
- December
- CIK
- 1829576
- SIC
- 6021
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Carter Bankshares, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Carter Bankshares, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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