Carter Bankshares (CARE) reported third-quarter 2026 net income of $7.8 million, or $0.35 diluted earnings per share, compared with $28.9 million, or $1.31 per diluted share, in the second quarter. Net interest income rose to $41.2 million, up 3.2% from the prior quarter and 22.3% from a year earlier.
Portfolio loans increased $36.0 million during the quarter to $3.8 billion despite approximately $161.0 million in loan payoffs. The company also launched a dedicated SBA lending team and established a dividend reinvestment and stock purchase plan.
- Net interest margin was 3.51%, compared with 3.38% in the prior quarter and 2.86% a year earlier.
- Nonperforming loans declined to $27.9 million at September 30, from $37.6 million at June 30.
- Total assets were $4.7 billion and total deposits were $4.1 billion at September 30.
- The company repurchased 74,151 shares for $2.2 million during the third quarter.
$CARE Insider Trading Activity
$CARE insiders have traded $CARE stock on the open market 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $CARE stock by insiders over the last 6 months:
- ELIZABETH L. WALSH purchased 4,575 shares for an estimated $119,865
- BRADFORD N. LANGS (PRESIDENT, CHIEF STRATEGY OFCR) sold 2,500 shares for an estimated $86,339
- ROBERT M. BOLTON sold 1,500 shares for an estimated $51,900
- CATHARINE L. MIDKIFF sold 1,000 shares for an estimated $31,250
- JAMES W. HASKINS sold 1,000 shares for an estimated $26,040
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CARE Hedge Fund Activity
We have seen 99 institutional investors add shares of $CARE stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FOURTHSTONE LLC removed 1,502,119 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $51,087,067
- LAZARD ASSET MANAGEMENT LLC added 640,742 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,791,635
- ACADIAN ASSET MANAGEMENT LLC added 387,397 shares (+inf%) to their portfolio in Q2 2026, for an estimated $13,175,371
- HILLSDALE INVESTMENT MANAGEMENT INC. added 263,657 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,966,974
- AQR CAPITAL MANAGEMENT LLC added 239,810 shares (+400.3%) to their portfolio in Q2 2026, for an estimated $8,155,938
- MALTESE CAPITAL MANAGEMENT LLC removed 223,888 shares (-68.1%) from their portfolio in Q2 2026, for an estimated $7,614,430
- PETIOLE USA LTD removed 202,151 shares (-53.0%) from their portfolio in Q2 2026, for an estimated $6,875,155
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
