Carter Bankshares, Inc.
Carter Bankshares, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Due From Banks | 41 | 228 | 105 | 107 | 100 | 89 | 131 | 105 | 62 | 108 | 55 | 55 | |||||
Debt Securities Available For Sale Excluding Accru… | 640 | 662 | 692 | 728 | 755 | 745 | 718 | 743 | 746 | 769 | 779 | 793 | |||||
Equity Securities Fv Ni Current And Noncurrent | 13 | 10 | 10 | 10 | 10 | 10 | 10 | 5 | 5 | - | 0 | - | |||||
Loans Receivable Held For Sale Net Not Part Of Dis… | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | - | - | - | 0 | |||||
Financing Receivable Excluding Accrued Interest Be… | - | 3,728 | 3,880 | 3,836 | 3,747 | 3,687 | 3,625 | 3,596 | 3,550 | 3,509 | 3,506 | 3,411 | |||||
Financing Receivable Allowance For Credit Loss Exc… | - | -53 | -71 | -74 | -71 | -74 | -76 | -81 | -97 | -97 | -97 | -94 | |||||
Financing Receivable Excluding Accrued Interest Af… | - | 3,676 | 3,808 | 3,762 | 3,676 | 3,614 | 3,549 | 3,515 | 3,453 | 3,413 | 3,409 | 3,316 | |||||
Property Plant And Equipment Net | 70 | 71 | 72 | 72 | 72 | 74 | 74 | 73 | 73 | 73 | 74 | 74 | |||||
Goodwill | 1 | 1 | 1 | 1 | 1 | - | 0 | - | - | - | - | - | |||||
Finite Lived Intangible Assets Net | 1 | 1 | 1 | 1 | 1 | - | 0 | - | - | - | - | - | |||||
Other Real Estate | 3 | 3 | 0 | 0 | 2 | 1 | 1 | 2 | 3 | 3 | 2 | 4 | |||||
Federal Home Loan Bank Stock | - | - | - | 12 | 9 | 6 | 6 | 7 | 14 | 18 | 22 | 27 | |||||
Other Restricted Assets | 8 | 8 | 17 | - | - | - | 6 | - | - | - | - | - | |||||
Bank Owned Life Insurance | 46 | 45 | 45 | 52 | 48 | 48 | 60 | 59 | 59 | 58 | 58 | 58 | |||||
Other Assets | 63 | 92 | 100 | 95 | 109 | 113 | 109 | 104 | 117 | 113 | 114 | 124 | |||||
Assets | 4,802 | 4,799 | 4,852 | 4,840 | 4,784 | 4,700 | 4,659 | 4,613 | 4,533 | 4,555 | 4,513 | 4,452 | |||||
Liabilities | |||||||||||||||||
Deposits | |||||||||||||||||
Noninterest Bearing Domestic Deposit Demand | 655 | 638 | 620 | 606 | 635 | 632 | 634 | 629 | 653 | 672 | 685 | 661 | |||||
Interest Bearing Domestic Deposit Demand | 867 | 871 | 808 | 810 | 805 | 794 | 727 | 649 | 565 | 516 | 482 | 470 | |||||
Deposits Money Market Deposits | 510 | 514 | 554 | 553 | 545 | 528 | 512 | 504 | 500 | 521 | 514 | 426 | |||||
Deposits Savings Deposits | 319 | 327 | 326 | 336 | 344 | 353 | 356 | 373 | 400 | 427 | 455 | 487 | |||||
Time Deposits | 1,846 | 1,885 | 1,902 | 1,907 | 1,894 | 1,893 | 1,924 | 1,930 | 1,762 | 1,695 | 1,587 | 1,512 | |||||
Deposits | 4,198 | 4,235 | 4,211 | 4,210 | 4,222 | 4,201 | 4,153 | 4,085 | 3,881 | 3,831 | 3,722 | 3,556 | |||||
Advances From Federal Home Loan Banks | 0 | 0 | 179 | 176 | 114 | 55 | 70 | 90 | 238 | 311 | 393 | 514 | |||||
Off Balance Sheet Credit Loss Liability | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Federal Funds Purchased | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Other Liabilities | 63 | 56 | 40 | 38 | 40 | 40 | 48 | 48 | 46 | 52 | 43 | 51 | |||||
Liabilities | 4,263 | 4,294 | 4,432 | 4,427 | 4,378 | 4,299 | 4,275 | 4,227 | 4,168 | 4,196 | 4,161 | 4,122 | |||||
Equity | |||||||||||||||||
Common Stock Value | 22 | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | |||||
Additional Paid In Capital | 73 | 75 | 75 | 80 | 84 | 92 | 92 | 92 | 91 | 91 | 91 | 90 | |||||
Retained Earnings Accumulated Deficit | 477 | 451 | 365 | 356 | 351 | 343 | 334 | 325 | 320 | 315 | 309 | 311 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -33 | -43 | -42 | -46 | -52 | -56 | -65 | -53 | -70 | -70 | -71 | -94 | |||||
Stockholders Equity | 539 | 505 | 420 | 413 | 406 | 402 | 384 | 387 | 364 | 359 | 351 | 331 | |||||
Liabilities And Stockholders Equity | 4,802 | 4,799 | 4,852 | 4,840 | 4,784 | 4,700 | 4,659 | 4,613 | 4,533 | 4,555 | 4,513 | 4,452 | |||||
Interest Bearing Deposits In Banks | 167 | 191 | 68 | 64 | 52 | 46 | 92 | 62 | 21 | 73 | 15 | 17 | |||||
Debt Securities Available For Sale Amortized Cost … | 682 | 717 | 745 | 787 | 822 | 817 | 801 | 811 | 836 | 858 | 871 | 913 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Shares Outstanding | 22 | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | |||||
Common Stock Shares Issued | 22 | 22 | 22 | - | - | - | 23 | - | - | - | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.64% | 28.78% | 30.35% | - | - | - | - | - | - | - | - | - |
| 2025 | 4.05% | 10.31% | 14.48% | 13.14% | 14.53% | 7.33% | 8.00% | 16.81% | 18.52% | 10.21% | 16.14% | 32.68% |
| 2024 | 0.39% | -2.41% | 24.07% | 6.44% | 9.41% | 14.85% | -3.56% | -9.09% | -8.16% | -1.09% | -7.21% | -3.03% |
| 2023 | - | - | - | - | - | - | 18.87% | 33.18% | 26.44% | -3.36% | -7.42% | -1.15% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 0.15 | 0.02 | -0.69 | -0.68 | -0.67 | -0.70 | -0.26 | 0.11 | 0.59 | 1.18 | 1.39 | 1.88 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.89 | 4.95 | 1.40 | 1.40 | 1.38 | 1.21 | 1.07 | 0.63 | 0.54 | 0.58 | 1.01 | 1.78 | |||||
| Free Cash Flow Per Share TTM | -10.93 | 15.07 | 1.42 | 1.18 | 1.07 | 0.76 | 1.26 | 1.16 | 1.11 | 1.44 | 1.59 | 2.28 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 60.30% | 58.04% | 56.33% | 54.64% | 53.09% | 51.94% | 51.62% | 46.78% | 32.69% | 8.87% | -48.98% | -5.16% | |||||
| Operating Profit Margin TTM | 69.21% | 59.00% | 17.23% | 17.26% | 17.40% | 15.54% | 13.92% | 8.43% | 9.66% | 14.17% | 50.17% | 92.71% | |||||
| Net Profit Margin TTM | 53.76% | 45.95% | 13.51% | 13.58% | 13.83% | 12.37% | 11.06% | 6.61% | 7.61% | 12.11% | 40.85% | 76.28% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 5.42% | 5.24% | 4.73% | 5.68% | 39.79% | 104.37% | 287.35% | 305.05% | 202.97% | 104.38% | 6.66% | 162.78% | |||||
| Net Income Growth (1Y) | 309.81% | 290.98% | 27.89% | 117.08% | 153.96% | 108.73% | 4.87% | -64.89% | -76.09% | -76.64% | -53.34% | 1.90% | |||||
| EPS Growth (1Y) | 327.97% | 309.36% | 29.94% | 122.32% | 154.19% | 107.79% | 6.82% | -64.71% | -75.37% | -75.61% | -50.62% | 7.76% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 5.76 | 4.68 | 13.98 | 13.79 | 12.52 | 13.29 | 16.25 | 27.47 | 27.75 | 21.57 | 14.78 | 6.99 | |||||
| P/B TTM | 1.37 | 1.00 | 1.04 | 1.04 | 0.97 | 0.91 | 1.04 | 1.02 | 0.94 | 0.80 | 0.98 | 0.86 | |||||
| P/S TTM | 3.10 | 2.15 | 1.89 | 1.87 | 1.73 | 1.64 | 1.80 | 1.82 | 2.11 | 2.61 | 6.04 | 5.33 | |||||
| Market Cap | 740.48M | 506.00M | 438.49M | 429.78M | 392.76M | 367.57M | 398.62M | 394.35M | 342.78M | 285.85M | 345.54M | 285.56M | |||||
| Enterprise Value | 463.95M | 277.68M | 333.33M | 322.83M | 292.85M | 278.58M | 267.45M | 289.36M | 281.04M | 177.74M | 291.01M | 230.16M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -238.77M | 329.33M | 31.81M | 26.27M | 24.43M | 17.33M | 28.81M | 26.55M | 25.38M | 32.75M | 36.93M | 52.27M | |||||
| Net Debt | -276.54M | -228.32M | -105.16M | -106.95M | -99.91M | -89.00M | -131.17M | -104.99M | -61.75M | -108.11M | -54.53M | -55.40M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Carter Bankshares, Inc. (CARE) — SEC Financial Statements & Analysis
Carter Bankshares, Inc. (CARE) is a national commercial banks company, incorporated in VA. Carter Bankshares, Inc. trades on Nasdaq as: CARE. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Carter Bankshares, Inc. reported a 5.42% year-over-year revenue growth, a Gross Profit Margin of 60.30% (TTM), a Price-to-Sales (P/S) ratio of 3.10x (TTM), a Price-to-Book (P/B) ratio of 1.37x (TTM), at a market cap of $740.48M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 5.42%
- Gross Profit Margin TTM
- 60.30%
- P/S TTM
- 3.10x
- P/B TTM
- 1.37x
- Market Cap
- $740.48M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Carter Bankshares, Inc. in?
Carter Bankshares, Inc. (CARE) operates in the National Commercial Banks industry.
What is CARE's market cap?
Carter Bankshares, Inc. (CARE) has a market capitalization of $740.48M as of 2026-06-30.
What is CARE's P/E ratio?
Carter Bankshares, Inc. (CARE)'s trailing twelve month P/E ratio is 5.76x as of 2026-06-30.
What exchange does CARE trade on?
Carter Bankshares, Inc. (CARE) trades on the Nasdaq.
Where is Carter Bankshares, Inc. incorporated?
Carter Bankshares, Inc. is incorporated in VA.