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Carter Bankshares (CARE) Financials

Carter Bankshares logo
$31.15 +0.29 (+0.94%)
Closing price 04:00 PM Eastern
Extended Trading
$31.14 -0.01 (-0.05%)
As of 04:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Carter Bankshares

Annual Income Statements for Carter Bankshares

This table shows Carter Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 27 -46 32 50 23 25 31
Consolidated Net Income / (Loss)		 27 -46 32 50 23 25 31
Net Income / (Loss) Continuing Operations		 27 -46 32 50 23 25 31
Total Pre-Tax Income 		28 -45 36 62 29 31 40
Total Revenue		 130 132 140 162 141 136 153
Net Interest Income / (Expense)		 112 105 111 140 122 114 131
Total Interest Income		 159 141 134 160 196 222 232
Loans and Leases Interest Income		 138 125 120 139 163 191 205
Investment Securities Interest Income		 20 16 13 21 33 31 27
Deposits and Money Market Investments Interest Income		 1.27 0.08 0.10 0.03 0.06 0.09 0.27
Total Interest Expense		 47 36 23 20 74 107 101
Deposits Interest Expense		 47 35 22 19 53 95 96
Long-Term Debt Interest Expense		 0.12 0.43 0.47 1.45 21 12 5.22
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 0.00 0.00 0.19 0.37 0.00 0.00
Total Non-Interest Income		 17 27 29 22 18 21 22
Trust Fees by Commissions		 - - - 1.96 1.95 3.69 2.73
Other Service Charges		 1.19 - 21 18 16 16 18
Net Realized & Unrealized Capital Gains on Investments		 2.21 - 6.87 0.05 -1.52 0.07 0.05
Other Non-Interest Income		 14 - 1.38 1.36 1.38 1.47 1.51
Provision for Credit Losses		 3.40 18 2.08 2.93 6.40 -5.05 -3.83
Total Non-Interest Expense		 98 159 102 97 105 110 117
Salaries and Employee Benefits		 53 52 54 52 56 58 58
Net Occupancy & Equipment Expense		 14 16 17 18 18 21 23
Marketing Expense		 1.45 1.63 0.95 1.43 1.69 2.54 3.17
Property & Liability Insurance Claims		 1.27 2.31 2.16 2.02 4.90 6.20 5.84
Other Operating Expenses		 26 23 26 23 25 23 27
Income Tax Expense		 1.21 0.77 4.11 12 5.34 6.35 8.64
Basic Earnings per Share		 $1.01 ($1.74) $1.19 $2.03 $1.00 $1.06 $1.38
Weighted Average Basic Shares Outstanding		 26.26M 26.38M 26.34M 24.60M 23.24M 22.82M 22.46M
Diluted Earnings per Share		 $1.01 ($1.74) $1.19 $2.03 $1.00 $1.06 $1.38
Weighted Average Diluted Shares Outstanding		 26.26M 26.38M 26.34M 24.60M 23.24M 22.82M 22.46M
Weighted Average Basic & Diluted Shares Outstanding		 - - 25.36M 23.92M 23.02M 23.13M 22.16M

Quarterly Income Statements for Carter Bankshares

This table shows Carter Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.89 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Consolidated Net Income / (Loss)		 -1.89 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Net Income / (Loss) Continuing Operations		 -1.89 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Total Pre-Tax Income 		-1.89 7.23 5.92 7.03 11 11 11 7.15 11 110 37
Total Revenue		 31 33 34 34 35 37 37 39 40 107 69
Net Interest Income / (Expense)		 27 28 28 29 29 30 32 34 35 36 40
Total Interest Income		 52 54 55 57 57 56 58 59 59 59 61
Loans and Leases Interest Income		 43 46 46 49 50 49 51 52 53 53 54
Investment Securities Interest Income		 8.56 8.19 8.09 7.54 6.97 6.83 7.00 6.88 6.45 5.89 5.84
Deposits and Money Market Investments Interest Income		 0.03 0.01 0.03 0.04 0.01 0.05 0.07 0.06 0.10 0.11 1.19
Total Interest Expense		 24 26 26 28 27 26 25 25 25 23 22
Deposits Interest Expense		 18 21 23 26 26 25 24 24 23 22 21
Long-Term Debt Interest Expense		 6.43 4.91 3.77 2.28 0.88 0.85 1.33 1.43 1.62 1.70 0.14
Total Non-Interest Income		 3.25 5.05 5.53 5.42 5.37 6.90 4.91 5.37 5.23 71 29
Trust Fees by Commissions		 0.40 0.61 0.93 1.06 1.07 0.34 - 1.00 0.67 0.95 0.16
Other Service Charges		 4.01 4.08 4.20 3.98 3.88 6.22 4.55 4.01 4.06 4.50 4.69
Net Realized & Unrealized Capital Gains on Investments		 -1.51 - 0.04 0.00 0.03 0.00 0.00 0.00 - 65 23
Other Non-Interest Income		 0.35 0.35 0.37 0.38 0.39 0.34 0.36 0.36 0.46 0.44 0.46
Provision for Credit Losses		 3.57 -0.03 0.26 -0.24 -5.08 -2.14 -2.67 3.23 -2.26 -34 1.46
Total Non-Interest Expense		 29 26 27 27 29 28 29 29 31 31 30
Salaries and Employee Benefits		 15 14 14 15 15 14 14 14 16 15 14
Net Occupancy & Equipment Expense		 4.55 4.64 5.03 5.28 5.58 5.92 5.63 5.95 5.83 6.71 6.76
Marketing Expense		 0.56 0.36 0.53 0.59 1.07 0.91 0.71 0.67 0.88 0.93 0.82
Other Operating Expenses		 7.17 5.37 6.11 5.44 5.91 6.13 8.89 6.61 6.79 6.95 8.60
Income Tax Expense		 -0.00 1.42 1.12 1.40 2.40 2.18 2.12 1.74 2.60 24 8.33
Basic Earnings per Share		 ($0.07) $0.25 $0.21 $0.24 $0.36 $0.39 $0.37 $0.24 $0.38 $3.88 $1.31
Weighted Average Basic Shares Outstanding		 23.24M 22.77M 22.83M 22.83M 22.82M 22.87M 22.81M 22.29M 22.46M 21.85M 21.84M
Diluted Earnings per Share		 ($0.07) $0.25 $0.21 $0.24 $0.36 $0.39 $0.37 $0.24 $0.38 $3.88 $1.31
Weighted Average Diluted Shares Outstanding		 23.24M 22.77M 22.83M 22.83M 22.82M 22.87M 22.81M 22.29M 22.46M 21.85M 21.84M
Weighted Average Basic & Diluted Shares Outstanding		 23.02M 23.02M 23.07M 23.07M 23.13M 23.16M 22.67M 22.09M 22.16M 22.22M 22.16M

Annual Cash Flow Statements for Carter Bankshares

This table details how cash moves in and out of Carter Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -168 116 36 -231 7.66 77 -26
Net Cash From Operating Activities		 38 7.70 78 71 47 37 40
Net Cash From Continuing Operating Activities		 38 7.70 78 71 47 37 40
Net Income / (Loss) Continuing Operations		 27 -46 32 50 23 25 31
Consolidated Net Income / (Loss)		 27 -46 32 50 23 25 31
Provision For Loan Losses		 3.40 18 2.08 2.93 6.40 -5.05 -3.83
Depreciation Expense		 5.34 6.14 6.23 6.06 6.25 7.06 7.86
Amortization Expense		 6.22 4.53 6.51 6.37 8.46 4.11 3.82
Non-Cash Adjustments to Reconcile Net Income		 -16 49 24 4.68 2.29 2.87 0.98
Changes in Operating Assets and Liabilities, net		 12 -24 6.99 0.64 -0.05 3.43 -0.33
Net Cash From Investing Activities		 -129 -93 -106 -382 -307 -68 -156
Net Cash From Continuing Investing Activities		 -129 -93 -106 -382 -307 -68 -156
Purchase of Property, Leasehold Improvements and Equipment		 -8.45 -10 -8.48 -5.89 -9.80 -8.13 -8.06
Purchase of Investment Securities		 -723 -354 -464 -486 -396 -146 -276
Sale and/or Maturity of Investments		 601 271 440 109 99 86 121
Other Investing Activities, net		 - - - - 0.00 0.00 7.27
Net Cash From Financing Activities		 -77 202 65 80 268 108 90
Net Cash From Continuing Financing Activities		 -77 202 65 80 268 108 90
Net Change in Deposits		 -87 180 93 -68 89 432 1.54
Issuance of Debt		 10 25 0.00 301 3,442 1,870 610
Repayment of Debt		 0.00 0.00 -28 -127 -3,229 -2,193 -502
Repurchase of Common Equity		 0.00 0.00 -0.16 -43 -16 0.00 -20
Other Financing Activities, Net		 - 0.00 0.00 18 -18 0.00 0.00
Cash Interest Paid		 46 37 23 19 69 106 103
Cash Income Taxes Paid		 0.22 0.42 2.72 5.79 5.69 0.30 3.72

Quarterly Cash Flow Statements for Carter Bankshares

This table details how cash moves in and out of Carter Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -0.87 54 -46 43 26 -42 11 7.04 -1.79 123 48
Net Cash From Operating Activities		 7.88 18 -2.46 10 11 6.38 9.60 12 12 304 -261
Net Cash From Continuing Operating Activities		 7.88 18 -2.46 10 11 6.38 9.60 12 12 304 -261
Net Income / (Loss) Continuing Operations		 -1.89 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Consolidated Net Income / (Loss)		 -1.89 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Provision For Loan Losses		 3.48 -0.03 0.26 -0.24 -5.03 -2.14 -2.67 3.23 -2.26 -34 1.46
Depreciation Expense		 1.56 1.67 1.75 1.79 1.84 1.91 1.94 1.97 2.04 2.13 2.15
Amortization Expense		 3.32 1.21 0.99 0.89 1.02 1.04 1.00 0.95 0.84 0.69 13
Non-Cash Adjustments to Reconcile Net Income		 1.97 0.27 -1.65 2.47 1.78 -0.40 0.72 -0.76 1.47 231 -314
Changes in Operating Assets and Liabilities, net		 -0.57 8.70 -8.61 -0.23 3.57 -2.99 0.11 1.01 1.50 19 7.65
Net Cash From Investing Activities		 -52 10 -22 -23 -34 -81 -13 -50 -11 -27 352
Net Cash From Continuing Investing Activities		 -52 10 -22 -23 -34 -81 -13 -50 -11 -27 352
Purchase of Property, Leasehold Improvements and Equipment		 -1.82 -1.31 -1.81 -1.88 -3.14 -1.52 -1.92 -1.54 -3.08 -1.54 -2.35
Purchase of Investment Securities		 -107 -4.87 -54 -39 -48 -97 -26 -93 -59 -65 -121
Sale and/or Maturity of Investments		 58 16 34 18 17 17 14 38 51 31 476
Other Investing Activities, net		 - - - - - 0.61 - - - 8.35 -1.19
Net Cash From Financing Activities		 43 26 -22 56 48 33 15 45 -2.42 -154 -43
Net Cash From Continuing Financing Activities		 43 26 -22 56 48 33 15 45 -2.42 -154 -43
Net Change in Deposits		 164 109 51 204 68 48 -35 -12 0.54 24 -38
Cash Interest Paid		 24 25 26 28 27 27 25 25 25 24 22

Annual Balance Sheets for Carter Bankshares

This table presents Carter Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,179 4,134 4,205 4,513 4,659 4,852
Cash and Due from Banks		 202 278 47 55 131 93
Interest Bearing Deposits at Other Banks		 40 - - - - 12
Trading Account Securities		 804 3,639 836 779 718 692
Loans and Leases, Net of Allowance		 2,893 2,716 3,055 3,409 3,549 3,808
Loans and Leases		 2,947 2,812 3,149 3,506 3,625 3,880
Allowance for Loan and Lease Losses		 54 96 94 97 76 71
Premises and Equipment, Net		 88 75 72 74 74 72
Goodwill		 - - - - 0.00 1.19
Intangible Assets		 - - - - 0.00 0.94
Other Assets		 143 142 194 196 170 145
Total Liabilities & Shareholders' Equity		 4,179 4,134 4,205 4,513 4,659 4,852
Total Liabilities		 3,739 3,726 3,876 4,161 4,275 4,432
Non-Interest Bearing Deposits		 699 748 706 685 634 620
Interest Bearing Deposits		 2,985 2,951 2,927 3,037 3,519 3,590
Long-Term Debt		 35 7.00 181 393 70 179
Other Long-Term Liabilities		 19 21 43 43 48 40
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 440 408 329 351 384 420
Total Preferred & Common Equity		 440 408 329 351 384 420
Total Common Equity		 440 408 329 351 384 420
Common Stock		 170 170 129 114 115 97
Retained Earnings		 255 235 286 309 334 365
Accumulated Other Comprehensive Income / (Loss)		 16 1.70 -86 -71 -65 -42

Quarterly Balance Sheets for Carter Bankshares

This table presents Carter Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 4,366 4,384 4,452 4,555 4,533 4,613 4,700 4,784 4,840 4,799 4,802
Cash and Due from Banks		 81 53 55 108 62 105 89 100 107 228 109
Interest Bearing Deposits at Other Banks		 - - - - - - - - - - 167
Trading Account Securities		 863 822 793 769 746 743 745 755 728 662 641
Loans and Leases, Net of Allowance		 3,154 3,236 3,316 3,413 3,453 3,515 3,614 3,676 3,762 3,676 3,679
Loans and Leases		 3,249 3,330 3,411 3,509 3,550 3,596 3,687 3,747 3,836 3,728 3,735
Allowance for Loan and Lease Losses		 95 94 94 97 97 81 74 71 74 53 55
Premises and Equipment, Net		 72 75 74 73 73 73 74 72 72 71 70
Goodwill		 - - - - - - - 1.19 1.19 1.19 1.19
Intangible Assets		 - - - - - - - 1.07 1.01 0.87 0.81
Other Assets		 194 198 213 192 193 172 168 168 159 141 112
Total Liabilities & Shareholders' Equity		 4,366 4,384 4,452 4,555 4,533 4,613 4,700 4,784 4,840 4,799 4,802
Total Liabilities		 4,011 4,040 4,122 4,196 4,168 4,227 4,299 4,378 4,427 4,294 4,263
Non-Interest Bearing Deposits		 687 686 661 672 653 629 632 635 606 638 655
Interest Bearing Deposits		 2,846 2,891 2,895 3,159 3,228 3,456 3,569 3,587 3,604 3,597 3,542
Long-Term Debt		 435 407 514 311 238 90 55 114 176 0.00 0.00
Other Long-Term Liabilities		 42 48 51 52 46 48 40 40 38 56 63
Commitments & Contingencies		 - - - - - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 355 344 331 359 364 387 402 406 413 505 539
Total Preferred & Common Equity		 355 344 331 359 364 387 402 406 413 505 539
Total Common Equity		 355 344 331 359 364 387 402 406 413 505 539
Common Stock		 127 119 113 114 114 115 116 107 102 97 95
Retained Earnings		 302 307 311 315 320 325 343 351 356 451 477
Accumulated Other Comprehensive Income / (Loss)		 -73 -82 -94 -70 -70 -53 -56 -52 -46 -43 -33

Annual Metrics And Ratios for Carter Bankshares

This table displays calculated financial ratios and metrics derived from Carter Bankshares' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 26,461,426.00 - - - 22,087,044.00
DEI Adjusted Shares Outstanding		 0.00 0.00 26,461,426.00 - - - 22,087,044.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 1.19 - - - 1.42
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 1.33% 6.35% 15.41% -13.03% -3.39% 12.81%
EBITDA Growth		 0.00% -185.86% 240.73% 53.10% -41.44% -3.20% 22.95%
EBIT Growth		 0.00% -258.03% 179.18% 72.89% -53.46% 7.48% 29.58%
NOPAT Growth		 0.00% -218.76% 200.09% 58.65% -53.34% 4.87% 27.89%
Net Income Growth		 0.00% -272.56% 168.89% 58.65% -53.34% 4.87% 27.89%
EPS Growth		 0.00% -272.28% 168.39% 70.59% -50.74% 6.00% 30.19%
Operating Cash Flow Growth		 0.00% -79.88% 906.46% -8.70% -33.99% -20.95% 7.92%
Free Cash Flow Firm Growth		 0.00% 0.00% 118.19% -148.24% -376.99% 248.46% -135.74%
Invested Capital Growth		 0.00% 0.00% -12.75% 22.81% 46.24% -38.99% 31.67%
Revenue Q/Q Growth		 0.00% 0.00% -1.78% 8.92% -10.45% 2.92% 3.59%
EBITDA Q/Q Growth		 0.00% 0.00% 0.23% 18.02% -31.11% 34.06% 0.84%
EBIT Q/Q Growth		 0.00% 0.00% -2.21% 24.24% -42.88% 69.89% 1.01%
NOPAT Q/Q Growth		 0.00% 0.00% 9.22% 24.92% -42.80% 70.83% 0.64%
Net Income Q/Q Growth		 0.00% 0.00% 9.22% 24.92% -42.80% 70.83% 0.64%
EPS Q/Q Growth		 0.00% 0.00% 8.18% 27.67% -41.52% 68.25% 1.47%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -1.74% 8.55% -24.57% 10.72% 1.58%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -133.90% 53.80% -17.64% -40.04%
Invested Capital Q/Q Growth		 0.00% 0.00% -4.88% 47.67% -11.85% -4.72% 1.68%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 30.84% -26.13% 34.58% 45.87% 30.89% 30.95% 33.73%
EBIT Margin		 21.95% -34.24% 25.49% 38.18% 20.43% 22.73% 26.11%
Profit (Net Income) Margin		 20.45% -34.82% 22.55% 31.00% 16.63% 18.05% 20.47%
Tax Burden Percent		 95.65% 101.71% 88.49% 81.21% 81.42% 79.44% 78.40%
Interest Burden Percent		 97.39% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 4.35% 0.00% 11.51% 18.79% 18.58% 20.56% 21.60%
Return on Invested Capital (ROIC)		 0.00% -13.28% 7.10% 10.85% 3.73% 4.09% 5.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -94.99% 7.10% 10.85% 3.73% 4.09% 5.96%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -7.55% 0.35% 2.76% 3.15% 2.58% 1.84%
Return on Equity (ROE)		 0.00% -20.84% 7.45% 13.61% 6.88% 6.67% 7.80%
Cash Return on Invested Capital (CROIC)		 0.00% -213.28% 20.72% -9.63% -33.83% 52.52% -21.38%
Operating Return on Assets (OROA)		 0.00% -1.08% 0.86% 1.48% 0.66% 0.67% 0.84%
Return on Assets (ROA)		 0.00% -1.10% 0.76% 1.20% 0.54% 0.53% 0.66%
Return on Common Equity (ROCE)		 0.00% -20.84% 7.45% 13.61% 6.88% 6.67% 7.80%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -10.42% 7.75% 15.25% 6.66% 6.38% 7.47%
Net Operating Profit after Tax (NOPAT)		 27 -32 32 50 23 25 31
NOPAT Margin		 20.45% -23.96% 22.55% 31.00% 16.63% 18.05% 20.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 81.70% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 52.61% 53.18% 51.71% 44.18% 53.70% 59.62% 54.97%
Operating Expenses to Revenue		 75.43% 120.56% 73.03% 60.01% 75.02% 80.99% 76.39%
Earnings before Interest and Taxes (EBIT)		 29 -45 36 62 29 31 40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 40 -34 48 74 43 42 52
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.00 1.22 0.98 1.06 1.03
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.00 1.22 0.98 1.06 1.04
Price to Revenue (P/Rev)		 0.00 0.00 2.91 2.47 2.44 2.99 2.83
Price to Earnings (P/E)		 0.00 0.00 12.89 7.98 14.70 16.55 13.85
Dividend Yield		 0.00% 1.31% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 7.76% 12.53% 6.80% 6.04% 7.22%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.33 1.05 0.92 0.76 0.85
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.97 3.30 4.85 2.54 3.31
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 2.82 7.20 15.72 8.20 9.82
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 3.82 8.65 23.76 11.17 12.69
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 4.32 10.65 29.19 14.05 16.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 1.76 7.54 14.61 9.33 12.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1.48 0.00 0.00 1.09 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.08 0.02 0.55 1.12 0.18 0.43
Long-Term Debt to Equity		 0.00 0.08 0.02 0.55 1.12 0.18 0.43
Financial Leverage		 0.00 0.08 0.05 0.25 0.84 0.63 0.31
Leverage Ratio		 0.00 9.49 9.81 11.33 12.82 12.47 11.83
Compound Leverage Factor		 0.00 9.49 9.81 11.33 12.82 12.47 11.83
Debt to Total Capital		 0.00% 7.37% 1.69% 35.46% 52.83% 15.41% 29.84%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 7.37% 1.69% 35.46% 52.83% 15.41% 29.84%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 92.63% 98.31% 64.54% 47.17% 84.59% 70.16%
Debt to EBITDA		 0.00 -1.02 0.14 2.43 9.06 1.67 3.45
Net Debt to EBITDA		 0.00 6.01 -5.59 1.80 7.80 -1.46 1.42
Long-Term Debt to EBITDA		 0.00 -1.02 0.14 2.43 9.06 1.67 3.45
Debt to NOPAT		 0.00 -1.11 0.22 3.60 16.82 2.85 5.69
Net Debt to NOPAT		 0.00 6.56 -8.57 2.67 14.49 -2.49 2.34
Long-Term Debt to NOPAT		 0.00 -1.11 0.22 3.60 16.82 2.85 5.69
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -507 92 -44 -212 315 -113
Operating Cash Flow to CapEx		 523.18% 75.98% 913.93% 1,291.34% 476.93% 454.17% 494.87%
Free Cash Flow to Firm to Interest Expense		 0.00 -14.14 4.06 -2.20 -2.86 2.94 -1.11
Operating Cash Flow to Interest Expense		 0.82 0.22 3.41 3.50 0.63 0.34 0.39
Operating Cash Flow Less CapEx to Interest Expense		 0.66 -0.07 3.04 3.22 0.50 0.27 0.31
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.03 0.03 0.04 0.03 0.03 0.03
Fixed Asset Turnover		 0.00 1.50 1.72 2.19 1.93 1.84 2.09
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 475 415 509 745 454 598
Invested Capital Turnover		 0.00 0.55 0.31 0.35 0.22 0.23 0.29
Increase / (Decrease) in Invested Capital		 0.00 475 -61 95 235 -290 144
Enterprise Value (EV)		 0.00 0.00 136 534 683 345 508
Market Capitalization		 0.00 0.00 407 400 344 406 434
Book Value per Share		 $0.00 $16.69 $15.40 $13.63 $15.30 $16.66 $19.00
Tangible Book Value per Share		 $0.00 $16.69 $15.40 $13.63 $15.30 $16.66 $18.91
Total Capital		 0.00 475 415 509 745 454 598
Total Debt		 0.00 35 7.00 181 393 70 179
Total Long-Term Debt		 0.00 35 7.00 181 393 70 179
Net Debt		 0.00 -207 -271 134 339 -61 73
Capital Expenditures (CapEx)		 7.32 10 8.48 5.48 9.80 8.13 8.06
Net Nonoperating Expense (NNE)		 0.00 14 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 35 7.00 181 393 70 179
Total Depreciation and Amortization (D&A)		 12 11 13 12 15 11 12
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.19 $2.03 $1.00 $1.06 $1.38
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 26.34M 24.60M 23.24M 22.82M 22.46M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.19 $2.03 $1.00 $1.06 $1.38
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 26.34M 24.60M 23.24M 22.82M 22.46M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 25.36M 23.92M 23.02M 23.13M 22.16M
Normalized Net Operating Profit after Tax (NOPAT)		 27 12 32 50 23 25 31
Normalized NOPAT Margin		 20.45% 9.09% 22.55% 31.00% 16.63% 18.05% 20.47%
Pre Tax Income Margin		 21.38% -34.24% 25.49% 38.18% 20.43% 22.73% 26.11%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.61 -1.26 1.57 3.05 0.39 0.29 0.39
NOPAT to Interest Expense		 0.57 -0.88 1.39 2.47 0.32 0.23 0.31
EBIT Less CapEx to Interest Expense		 0.45 -1.54 1.20 2.78 0.26 0.21 0.32
NOPAT Less CapEx to Interest Expense		 0.41 -1.16 1.02 2.20 0.18 0.15 0.23
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% -8.04% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -8.04% 0.50% 85.65% 70.20% 0.00% 63.77%

Quarterly Metrics And Ratios for Carter Bankshares

This table displays calculated financial ratios and metrics derived from Carter Bankshares' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 23,130,924.00 23,159,013.00 22,669,834.00 22,087,044.00 22,164,453.00 22,222,010.00
DEI Adjusted Shares Outstanding		 - - - - - 23,130,924.00 23,159,013.00 22,669,834.00 22,087,044.00 22,164,453.00 22,222,010.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.39 0.37 0.24 0.38 3.87 1.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -34.85% -26.49% 5.94% 4.76% 12.56% 10.68% 10.83% 14.23% 15.39% 188.64% 84.29%
EBITDA Growth		 -86.79% -57.91% -2.97% 26.73% 367.32% 39.27% 56.53% 3.61% 3.16% 701.25% 286.25%
EBIT Growth		 -110.34% -64.97% 2.88% 59.47% 643.64% 53.94% 79.41% 1.79% 3.74% 888.07% 250.38%
NOPAT Growth		 -108.47% -63.55% -15.80% 55.20% 726.18% 54.07% 77.18% -3.73% 2.42% 857.86% 239.73%
Net Income Growth		 -112.10% -63.55% -15.80% 55.20% 538.56% 54.07% 77.18% -3.73% 2.42% 857.86% 239.73%
EPS Growth		 -110.94% -62.69% -12.50% 50.00% 614.29% 56.00% 76.19% 0.00% 5.56% 894.87% 254.05%
Operating Cash Flow Growth		 -65.90% -21.40% -134.36% 11.32% 45.41% -63.84% 490.36% 14.58% 5.42% 4,666.55% -2,814.30%
Free Cash Flow Firm Growth		 -199.84% 130.39% 137.36% 175.27% 226.11% 75.63% -40.31% -128.40% -145.34% -83.03% -90.30%
Invested Capital Growth		 46.24% -15.25% -19.83% -43.55% -38.99% -31.78% -13.82% 23.39% 31.67% 10.54% 3.85%
Revenue Q/Q Growth		 -6.12% 9.13% 0.48% 1.77% 0.87% 7.31% 0.62% 4.89% 1.89% 168.42% -35.76%
EBITDA Q/Q Growth		 -62.07% 246.41% -13.96% 12.12% 39.85% 4.00% -3.71% -25.79% 38.80% 707.79% -53.58%
EBIT Q/Q Growth		 -144.77% 464.47% -17.62% 18.64% 52.62% 4.24% -4.56% -32.69% 54.92% 892.79% -66.16%
NOPAT Q/Q Growth		 -136.46% 539.46% -17.35% 17.20% 47.10% 8.13% -4.95% -36.32% 56.49% 911.29% -66.29%
Net Income Q/Q Growth		 -152.05% 407.79% -17.35% 17.20% 47.10% 8.13% -4.95% -36.32% 56.49% 911.29% -66.29%
EPS Q/Q Growth		 -143.75% 457.14% -16.00% 14.29% 50.00% 8.33% -5.13% -35.14% 58.33% 921.05% -66.24%
Operating Cash Flow Q/Q Growth		 -14.98% 123.92% -113.94% 519.36% 11.05% -44.32% 50.55% 23.09% 2.18% 2,417.52% -185.73%
Free Cash Flow Firm Q/Q Growth		 52.29% 153.32% 21.78% 142.94% -20.06% -25.74% -58.61% -215.59% -27.63% 127.78% -76.34%
Invested Capital Q/Q Growth		 -11.85% -10.08% -10.03% -20.85% -4.72% 0.54% 13.65% 13.33% 1.68% -15.60% 6.78%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 9.48% 30.09% 25.77% 28.39% 39.36% 38.02% 36.39% 25.75% 35.07% 105.56% 76.27%
EBIT Margin		 -6.43% 21.49% 17.62% 20.54% 31.08% 30.07% 28.52% 18.30% 27.83% 102.92% 54.22%
Profit (Net Income) Margin		 -6.16% 17.36% 14.28% 16.45% 23.99% 24.17% 22.84% 13.86% 21.29% 80.22% 42.10%
Tax Burden Percent		 99.95% 80.33% 81.08% 80.09% 77.51% 80.40% 80.07% 75.75% 76.51% 77.94% 77.64%
Interest Burden Percent		 95.74% 100.60% 100.00% 100.00% 99.60% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 19.67% 18.92% 19.91% 22.49% 19.60% 19.93% 24.25% 23.49% 22.06% 22.36%
Return on Invested Capital (ROIC)		 -0.97% 3.06% 2.75% 3.29% 5.44% 5.98% 5.82% 3.85% 6.20% 37.22% 20.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.16% 3.06% 2.75% 3.29% 5.44% 5.98% 5.82% 3.85% 6.20% 37.22% 20.25%
Return on Net Nonoperating Assets (RNNOA)		 -0.98% 3.19% 2.51% 2.77% 3.42% 2.87% 2.66% 1.28% 1.92% 2.26% 2.43%
Return on Equity (ROE)		 -1.95% 6.25% 5.26% 6.05% 8.86% 8.86% 8.48% 5.13% 8.12% 39.48% 22.68%
Cash Return on Invested Capital (CROIC)		 -33.83% 18.32% 23.83% 57.85% 52.52% 42.70% 20.44% -15.09% -21.38% 12.48% 20.52%
Operating Return on Assets (OROA)		 -0.21% 0.62% 0.52% 0.60% 0.92% 0.91% 0.88% 0.57% 0.90% 4.83% 2.88%
Return on Assets (ROA)		 -0.20% 0.50% 0.42% 0.48% 0.71% 0.73% 0.70% 0.43% 0.69% 3.77% 2.24%
Return on Common Equity (ROCE)		 -1.95% 6.25% 5.26% 6.05% 8.86% 8.86% 8.48% 5.13% 8.12% 39.48% 22.68%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 3.69% 3.39% 3.71% 0.00% 6.89% 7.73% 7.55% 0.00% 21.42% 23.85%
Net Operating Profit after Tax (NOPAT)		 -1.32 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
NOPAT Margin		 -4.31% 17.36% 14.28% 16.45% 23.99% 24.17% 22.84% 13.86% 21.29% 80.22% 42.10%
Net Nonoperating Expense Percent (NNEP)		 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 64.26% 57.36% 58.80% 59.82% 62.40% 55.30% 54.78% 52.81% 56.97% 21.10% 31.50%
Operating Expenses to Revenue		 94.81% 78.46% 81.62% 80.17% 83.63% 75.71% 78.63% 73.43% 77.84% 29.01% 43.66%
Earnings before Interest and Taxes (EBIT)		 -1.97 7.19 5.92 7.03 11 11 11 7.15 11 110 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.91 10 8.66 9.71 14 14 14 10 14 113 52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 0.81 0.95 1.04 1.06 0.93 0.99 1.07 1.03 1.02 1.40
Price to Tangible Book Value (P/TBV)		 0.98 0.81 0.95 1.04 1.06 0.93 1.00 1.07 1.04 1.03 1.41
Price to Revenue (P/Rev)		 2.44 2.26 2.67 3.04 2.99 2.68 2.81 2.97 2.83 2.32 2.97
Price to Earnings (P/E)		 14.70 21.96 28.17 27.95 16.55 13.53 12.80 14.12 13.85 4.78 5.88
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29%
Earnings Yield		 6.80% 4.55% 3.55% 3.58% 6.04% 7.39% 7.81% 7.08% 7.22% 20.93% 17.01%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.74 0.87 0.81 0.76 0.74 0.80 0.86 0.85 0.57 0.89
Enterprise Value to Revenue (EV/Rev)		 4.85 3.84 4.02 2.93 2.54 2.44 2.90 3.44 3.31 1.29 1.88
Enterprise Value to EBITDA (EV/EBITDA)		 15.72 16.69 17.89 12.32 8.20 7.40 8.16 9.92 9.82 1.92 2.53
Enterprise Value to EBIT (EV/EBIT)		 23.76 32.07 33.72 21.26 11.17 9.79 10.52 12.84 12.69 2.08 2.90
Enterprise Value to NOPAT (EV/NOPAT)		 29.19 37.23 42.44 26.91 14.05 12.30 13.23 16.32 16.18 2.67 3.73
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.61 11.77 16.22 11.58 9.33 13.25 11.00 12.96 12.73 0.86 7.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 3.69 3.25 1.01 1.09 1.42 3.62 0.00 0.00 4.81 4.41
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.12 0.86 0.65 0.23 0.18 0.14 0.28 0.43 0.43 0.00 0.00
Long-Term Debt to Equity		 1.12 0.86 0.65 0.23 0.18 0.14 0.28 0.43 0.43 0.00 0.00
Financial Leverage		 0.84 1.04 0.91 0.84 0.63 0.48 0.46 0.33 0.31 0.06 0.12
Leverage Ratio		 12.82 12.49 12.58 12.64 12.47 12.16 12.10 11.82 11.83 10.48 10.15
Compound Leverage Factor		 12.28 12.57 12.58 12.64 12.42 12.16 12.10 11.82 11.83 10.48 10.15
Debt to Total Capital		 52.83% 46.37% 39.51% 18.87% 15.41% 12.04% 21.86% 29.83% 29.84% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 52.83% 46.37% 39.51% 18.87% 15.41% 12.04% 21.86% 29.83% 29.84% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 47.17% 53.63% 60.49% 81.13% 84.59% 87.96% 78.14% 70.17% 70.16% 100.00% 100.00%
Debt to EBITDA		 9.06 10.50 8.12 2.87 1.67 1.20 2.23 3.42 3.45 0.00 0.00
Net Debt to EBITDA		 7.80 6.84 6.01 -0.48 -1.46 -0.74 0.27 1.34 1.42 0.00 0.00
Long-Term Debt to EBITDA		 9.06 10.50 8.12 2.87 1.67 1.20 2.23 3.42 3.45 0.00 0.00
Debt to NOPAT		 16.82 23.43 19.27 6.27 2.85 1.99 3.62 5.63 5.69 0.00 0.00
Net Debt to NOPAT		 14.49 15.27 14.27 -1.04 -2.49 -1.23 0.43 2.20 2.34 0.00 0.00
Long-Term Debt to NOPAT		 16.82 23.43 19.27 6.27 2.85 1.99 3.62 5.63 5.69 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -237 126 154 374 299 222 92 -106 -135 38 8.90
Operating Cash Flow to CapEx		 432.93% 1,351.26% -135.78% 548.51% 365.03% 418.65% 500.73% 767.71% 392.46% 19,773.26% -11,096.51%
Free Cash Flow to Firm to Interest Expense		 -9.69 4.93 5.80 13.44 10.92 8.57 3.62 -4.17 -5.48 1.62 0.41
Operating Cash Flow to Interest Expense		 0.32 0.69 -0.09 0.37 0.42 0.25 0.38 0.46 0.49 13.07 -12.10
Operating Cash Flow Less CapEx to Interest Expense		 0.25 0.64 -0.16 0.30 0.30 0.19 0.30 0.40 0.36 13.00 -12.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.05 0.05
Fixed Asset Turnover		 1.93 1.76 1.76 1.79 1.84 1.89 1.97 2.04 2.09 3.08 3.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 745 670 602 477 454 457 519 588 598 505 539
Invested Capital Turnover		 0.22 0.18 0.19 0.20 0.23 0.25 0.26 0.28 0.29 0.46 0.48
Increase / (Decrease) in Invested Capital		 235 -120 -149 -368 -290 -213 -83 112 144 48 20
Enterprise Value (EV)		 683 493 524 386 345 340 415 509 508 289 479
Market Capitalization		 344 291 348 401 406 374 402 440 434 517 756
Book Value per Share		 $15.30 $15.60 $15.83 $16.77 $16.66 $17.37 $17.52 $18.21 $19.00 $22.78 $24.26
Tangible Book Value per Share		 $15.30 $15.60 $15.83 $16.77 $16.66 $17.37 $17.42 $18.11 $18.91 $22.69 $24.17
Total Capital		 745 670 602 477 454 457 519 588 598 505 539
Total Debt		 393 311 238 90 70 55 114 176 179 0.00 0.00
Total Long-Term Debt		 393 311 238 90 70 55 114 176 179 0.00 0.00
Net Debt		 339 202 176 -15 -61 -34 14 69 73 -228 -277
Capital Expenditures (CapEx)		 1.82 1.31 1.81 1.88 3.14 1.52 1.92 1.54 3.08 1.54 2.35
Net Nonoperating Expense (NNE)		 0.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 393 311 238 90 70 55 114 176 179 0.00 0.00
Total Depreciation and Amortization (D&A)		 4.88 2.88 2.74 2.69 2.86 2.95 2.93 2.91 2.89 2.82 15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.07) $0.25 $0.21 $0.24 $0.36 $0.39 $0.37 $0.24 $0.38 $3.88 $1.31
Adjusted Weighted Average Basic Shares Outstanding		 23.24M 22.77M 22.83M 22.83M 22.82M 22.87M 22.81M 22.29M 22.46M 21.85M 21.84M
Adjusted Diluted Earnings per Share		 ($0.07) $0.25 $0.21 $0.24 $0.36 $0.39 $0.37 $0.24 $0.38 $3.88 $1.31
Adjusted Weighted Average Diluted Shares Outstanding		 23.24M 22.77M 22.83M 22.83M 22.82M 22.87M 22.81M 22.29M 22.46M 21.85M 21.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.02M 23.02M 23.07M 23.07M 23.13M 23.16M 22.67M 22.09M 22.16M 22.22M 22.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.32 5.81 4.80 5.63 8.28 8.95 8.51 5.42 8.48 86 29
Normalized NOPAT Margin		 -4.31% 17.36% 14.28% 16.45% 23.99% 24.17% 22.84% 13.86% 21.29% 80.22% 42.10%
Pre Tax Income Margin		 -6.16% 21.62% 17.62% 20.54% 30.95% 30.07% 28.52% 18.30% 27.83% 102.92% 54.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.08 0.28 0.22 0.25 0.39 0.43 0.42 0.28 0.45 4.73 1.73
NOPAT to Interest Expense		 -0.05 0.23 0.18 0.20 0.30 0.35 0.34 0.21 0.34 3.69 1.34
EBIT Less CapEx to Interest Expense		 -0.16 0.23 0.16 0.19 0.28 0.37 0.34 0.22 0.32 4.67 1.62
NOPAT Less CapEx to Interest Expense		 -0.13 0.18 0.11 0.13 0.19 0.29 0.26 0.15 0.22 3.62 1.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 70.20% 106.81% 51.25% 0.00% 0.00% 0.00% 29.13% 45.06% 63.77% 0.00% 10.69%

Financials Breakdown Chart

Key Financial Trends

Carter Bankshares (NASDAQ: CARE) has shown a clear improvement in profitability and liquidity over the most recent quarters, but the balance sheet also reflects a heavier reliance on debt and a still-elevated provision for credit losses.

In Q1 2026, the bank posted a strong quarter with net income of $85.8 million, up sharply from $8.5 million in Q4 2025. That jump was helped by a large $65.1 million gain in net realized and unrealized capital gains on investments, which boosted non-interest income. Excluding that item, the underlying banking business still appears to be producing solid net interest income and positive operating cash flow.

From a multi-year perspective, CARE’s earnings have improved meaningfully from the weaker periods seen in 2022 and parts of 2023. Quarterly net income was negative in Q4 2023, but the company has generally trended back toward consistent profitability since then. EPS also improved, with Q1 2026 basic and diluted EPS at $3.88 versus $0.38 in Q4 2025 and just $0.25-$0.67 in earlier periods.

  • Strong Q1 2026 profitability: Net income rose to $85.8 million, a major increase from the prior quarter.
  • Solid operating cash generation: Q1 2026 operating cash flow was $303.9 million, well above prior quarters.
  • Net interest income remains healthy: Q1 2026 net interest income was $35.9 million, above Q4 2025 and Q1 2025.
  • Deposits remain large: Total deposits were about $4.24 billion in Q1 2026, supporting the funding base.
  • Long-term debt was reduced to zero in Q1 2026: This is a notable balance sheet improvement versus prior quarters.
  • Balance sheet size was fairly stable: Total assets were $4.80 billion in Q1 2026, similar to the prior year range.
  • Loan growth has been modest: Net loans were $3.68 billion in Q1 2026, only modestly above year-earlier levels.
  • Non-interest income can be volatile: Results were helped by a large investment gain in Q1 2026, which may not repeat.
  • Provision for credit losses remains meaningful: Q1 2026 provision was $34.1 million, much higher than recent quarters.
  • Equity is relatively thin versus assets: Total equity of $504.9 million is small compared with $4.8 billion in assets.

The main risk for investors is that earnings quality may be uneven. Q1 2026 included a very large investment gain, so the headline profit number likely overstates the bank’s normalized earnings power. In addition, credit-loss provisioning remains a watch item, suggesting management is still cautious about loan quality.

On the positive side, operating cash flow is strong, deposits remain substantial, and the company appears to have improved its leverage profile by eliminating long-term debt in the latest quarter. That combination gives CARE more flexibility, even if near-term earnings remain somewhat dependent on market-driven gains and credit costs.

Bottom line: Carter Bankshares looks financially healthier than it did in 2022-2023, with better profitability and stronger cash flow, but investors should watch whether Q1 2026’s outsized earnings prove sustainable once investment gains normalize.

08/20/26 06:18 PM ETAI Generated. May Contain Errors.

Carter Bankshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Carter Bankshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Carter Bankshares' net income appears to be on an upward trend, with a most recent value of $31.36 million in 2025, rising from $26.58 million in 2019. The previous period was $24.52 million in 2024. See Carter Bankshares' forecast for analyst expectations on what's next for the company.

Over the last 6 years, Carter Bankshares' total revenue changed from $129.96 million in 2019 to $153.22 million in 2025, a change of 17.9%.

Carter Bankshares' total liabilities were at $4.43 billion at the end of 2025, a 3.7% increase from 2024, and a 18.5% increase since 2020.

In the past 5 years, Carter Bankshares' cash and equivalents has ranged from $46.87 million in 2022 to $277.80 million in 2021, and is currently $93.03 million as of their latest financial filing in 2025.

Over the last 6 years, Carter Bankshares' book value per share changed from 0.00 in 2019 to 19.00 in 2025, a change of 1,900.2%.


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Financial statements for NASDAQ:CARE last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Chaikin Analytics | Sponsoredtc pixel
Look at this $5 stock’s address
A small public company trading under $5 a share operates inside the secure perimeter of Kennedy Space Center, ...
Freedom Financial | Sponsoredtc pixel
23,281 stocks. Only ONE survived.
One American energy producer just cleared a screen of 23281 stocks for elite operating profits, double-digit r...
Monument Traders Alliance | Sponsoredtc pixel
Why major institutions are piling into this digital asset now
BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one t...
Awesomely | Sponsoredtc pixel
Someone just dumped the biggest gold fund.
Investors pulled 2.9 billion dollars from the world's largest gold fund in a single day this March, pushing to...
Behind the Markets | Sponsoredtc pixel
Anthropic Just Became the First Trillion-Dollar Private Company
Anthropic is now worth more than a trillion dollars, making it the first private company to reach that milesto...
Weiss Ratings | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
Man who Predicted Trump 2016 Win: “Prepare for Mid-Term Meltdown”
In 2016, major election models gave Hillary Clinton a 99% chance of winning - but former CIA and Pentagon advi...
Paradigm Press | Sponsoredtc pixel