Carter Bankshares, Inc. CARE

Company Overview

Carter Bankshares, Inc. is a bank holding company headquartered in Martinsville, Virginia, operating primarily through its wholly owned banking subsidiary, Carter Bank & Trust. The company operates in the regional banking industry and provides a range of consumer and commercial financial services, including deposit products, residential mortgage lending, commercial real estate lending, business banking, and consumer lending. Revenue is generated primarily through net interest income derived from loans and investment securities, along with fee-based banking services.

The company traces its origins to the banking operations established by the late furniture entrepreneur and philanthropist Homer L. Carter. Over time, the institution expanded from a community-focused bank in Virginia into a broader regional banking franchise serving customers across multiple Mid-Atlantic and Southeastern states. Carter Bankshares completed its public listing in 2021 and has positioned itself as a relationship-focused regional bank emphasizing conservative underwriting, local market decision-making, and community banking services.