Carter Bankshares Announces $10 Million Share Repurchase Program

Carter Bankshares ( (CARE) ) has shared an update.

On February 2, 2026, Carter Bankshares, Inc. announced that its board of directors had authorized a common share repurchase program of up to $10 million of the company’s common stock, to be carried out over a 12‑month period following receipt of non‑objection from the Federal Reserve Bank of Richmond. The program, which may utilize open market or privately negotiated transactions at management’s discretion and can be modified or terminated by the board at any time, gives the company flexibility to manage its capital structure and respond to market conditions, though it does not obligate Carter Bankshares to repurchase any specific number of shares and remains subject to regulatory non‑objection and factors such as stock price, economic conditions, and the company’s financial and liquidity position.

The most recent analyst rating on (CARE) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Carter Bankshares stock, see the CARE Stock Forecast page.

Spark’s Take on CARE Stock

According to Spark, TipRanks’ AI Analyst, CARE is a Outperform.

The score is driven primarily by solid financial performance (strong growth and improving profitability, offset by higher leverage and mixed cash flow efficiency) and supportive technicals with an established uptrend. Valuation is reasonable but not strongly supported by shareholder yield data, while corporate updates are modestly positive for strategy and regulatory positioning.

To see Spark’s full report on CARE stock, click here.

More about Carter Bankshares

Carter Bankshares, Inc. operates as a bank holding company, providing banking and financial services through its common stock structure to investors and customers in the financial services industry.

Average Trading Volume: 93,728

Technical Sentiment Signal: Buy

Current Market Cap: $472.9M

See more insights into CARE stock on TipRanks’ Stock Analysis page.