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The latest update is out from Carter Bankshares ( (CARE) ).
On March 26, 2026, Carter Bankshares, Inc. announced that Carter Bank & Trust completed an absolute, as-is sale of all loans, subsequently reduced to judgments, tied to entities affiliated with James C. Justice II to an unaffiliated third party for $289.48 million in cash. The loans had an outstanding principal of $209.48 million, were fully nonperforming and on nonaccrual status with a specific reserve of $18.04 million as of Dec. 31, 2025, and pro forma figures suggest the transaction would have sharply reduced nonperforming loans from $243.98 million to about $29.96 million, lowered the allowance for credit losses, modestly trimmed total loans, and increased tangible book value per share by an estimated $3.49, signaling a significant cleanup of the balance sheet and improvement in asset quality metrics.
The most recent analyst rating on (CARE) stock is a Hold 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 Neutral.
The score is primarily driven by steady recent financial performance with improved 2025 cash generation, tempered by multi-year volatility in profitability, leverage, and free-cash-flow trends. Technical indicators point to softer near-term momentum, while valuation (P/E ~14) appears reasonable. Corporate events add a modest positive tilt due to the buyback authorization and growth/expansion updates.
To see Spark’s full report on CARE stock, click here.
More about Carter Bankshares
Carter Bankshares, Inc. is the holding company for Carter Bank & Trust, a regional banking institution that provides commercial and consumer lending and other banking services. The company focuses on managing credit quality and loan performance across its portfolio, with particular attention to nonperforming assets and capital strength in its operating markets.
Average Trading Volume: 155,863
Technical Sentiment Signal: Buy
Current Market Cap: $452.4M
For detailed information about CARE stock, go to TipRanks’ Stock Analysis page.