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Carter Bankshares (CARE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Carter Bankshares (CARE) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $46.2M · 17¢ of every $1 of revenue kept as net profit · operating margin 13.8%
Carter Bankshares made $46.2M in Q3 2026 (+18% Y/Y): Net interest income $41.2M, Noninterest income $5.0M. Operating margin 13.8%, net earnings $7.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $46.2M in Q3 2026, up 18% year over year and down 33% from the previous quarter. Net interest income was the largest line at 89% of revenue. Net interest income added $7.5M year over year (up 22%), 105% of the total change. Noninterest income declined 7%.
Operating profit was $6.4M, a 13.8% margin (down 4.5 points year over year). Operating profit fell $775K even though revenue rose $7.1M versus a year earlier, so costs grew faster than sales. Total costs grew 25% against revenue growth of 18%. The fastest-growing cost line was Credit loss provision (+220%). Net earnings were $7.8M, up 43% year over year. The effective tax rate was -21.7%.
Operating cash flow was $1.5M (down 87% year over year), 20% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $824K of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$5K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $46.2M | +18% | 13.8% | $7.8M | $1.5M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Carter Bankshares
believes that its financial condition and operations are not affected by the Volcker Rule, amendments thereto, or its implementing regulations. All insured depository institutions, regardless of size, are required to file quarterly Reports of Condition and Income (“Call Reports”) that provide detailed financial and operational information and are used by federal banking agencies to monitor the condition, performance, and risk profile of individual institutions and the banking industry as a whole.
In its own words, from its 10-K, filed Mar 5, 2026.
Carter Bankshares against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +8%. Operating margin: 13.8% against the peers' median 30.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CARE Carter Bankshares | Q3 2026 | $46.2M | +18% | 13.8% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
Source: Carter Bankshares 10-Q on SEC EDGAR · CIK 1829576 · National Commercial Banks
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Every quarter: Q3 2026 results