Filing Flows › Carter Bankshares (CARE) › Q3 2026
Carter Bankshares (CARE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Carter Bankshares (CARE) reported revenue of $46.2M for the third quarter 2026 (Q3 2026), +18% from a year earlier and -33% from the quarter before. Operating margin was 13.8%, net earnings $7.8M (16.8% of revenue).
Carter Bankshares, Q3 2026: revenue $46.2M (+18% year over year), operating margin 13.8%, net earnings $7.8M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.2M | -33% | +18% |
| Operating profit | $6.4M | -83% | -11% |
| Net earnings | $7.8M | -73% | +43% |
| Operating cash flow | $1.5M | — | -87% |
What changed
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.
Questions
What was Carter Bankshares' revenue in the third quarter 2026?
Carter Bankshares (CARE) reported revenue of $46.2M for the third quarter 2026 (Q3 2026), +18% from a year earlier and -33% from the quarter before.
Was Carter Bankshares profitable in the third quarter 2026?
Operating profit was $6.4M (13.8% of revenue) and net earnings $7.8M.
Source: Carter Bankshares 10-Q on SEC EDGAR.