Carter Bankshares, Inc. CARE R2K

Financial Services · Banks - Regional · United States

https://www.carterbank.com

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States. It offers various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also provides commercial loans, such as secured and unsecured, real estate construction and acquisition, and commercial and industrial loans; consumer loans, such as automobiles, home improvements, education, overdraft protection, and personal, and residential mortgages loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it offers other banking services that include safe deposit boxes, direct deposit of payroll, social security checks, and debit cards; online banking products, including online and mobile banking, online account opening, bill payment, electronic statement, mobile deposit, Zelle, credit monitoring tools, digital wallet, MoneyPass, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Market & Price

Market Cap

$606.66M

Current Price

$27.30

High / Low (52W)

$27.44 / $16.18

Beta

0.51

Valuation

Stock P/E

5.61

Industry PE

12.01

Forward P/E

10.64

PEG Ratio

Book Value

$22.78

Price to Book

1.20

P/S

2.34

EV/EBITDA

Dividend Yield

1.47%

Profitability & Returns

ROCE

ROE

23.86%

ROA

2.28%

Profit Margin

41.78%

Op Margin

79.08%

EPS (Latest Qtr)

$3.88

EPS (TTM)

$4.87

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$10.14M

Total Assets

$4.85B

Current Assets

Working Capital

Ownership

Promoter Holding

2.25%

Chg in Prom Hold

FII / Inst Holding

58.71%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$378.25M

Total Revenue (TTM)

$258.92M

EBITDA

Free Cash Flow

Operating Cash Flow

$337.40M

Shares Outstanding

22.22M

Gross Margin

0.00%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

-2.11%

Profit 5Y

-14.47%

Revenue (YoY)

260.00%

Earnings (YoY)

900.80%

PROS

Strong return on equity of 23.9%.
Excellent profit margin of 41.8%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -2.1% CAGR over 5 years.
Earnings shrank at -14.5% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CARE Carter Bankshares, Inc. R2K	27.30	5.61	$606.66M	1.47%	-	23.86%	-2.11%	-14.47%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.05M	36.28M	38.13M	38.58M	105.91M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25.87M	25.39M	25.45M	24.69M	23.25M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.14M	10.63M	7.15M	11.08M	110.03M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.18M	2.12M	1.74M	2.60M	24.27M
Net Income	7.54M	7.83M	7.60M	3.61M	4.42M	4.46M	-57.68M	2.94M	9.38M	5.43M	11.17M	5.61M	9.32M	10.78M	14.41M	15.61M	15.94M	5.70M	3.63M	5.81M	4.80M	-	8.95M	8.51M	5.42M	8.48M	85.76M
Diluted EPS	0.29	0.30	0.29	0.14	0.17	0.17	-2.19	0.11	0.36	0.21	0.42	0.21	0.36	0.44	0.59	0.65	0.67	0.24	0.16	0.25	0.21	-	0.39	0.37	0.24	0.38	3.88

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	12.78M	17.99M	-	158.90M	137.71M	132.40M	149.03M
Cost of Revenue	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-
Interest Expense	-	-	-	20.25M	74.11M	107.27M	101.40M
Pretax Income	-	-	-	61.72M	28.72M	30.87M	40.00M
Tax Provision	-	-	-	11.60M	5.34M	6.35M	8.64M
Net Income	26.57M	-45.86M	-	50.12M	23.38M	24.52M	31.36M
Diluted EPS	1.01	-1.74	-	2.03	1.00	1.06	1.38

Compounded Sales Growth

5 Years:	-2.11%
1 Year:	260.00%

Compounded Profit Growth

5 Years:	-14.47%
1 Year:	900.80%

Stock Price Performance

1 Year:	+66.59%
6 Months:	+49.91%
3 Months:	+31.50%
1 Month:	+8.75%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	4.18B	-	4.20B	4.51B	4.66B	4.85B
Current Assets	-	-	-	-	-	-	-	-
Cash & Equivalents	-	-	241.94M	-	46.87M	54.53M	131.17M	105.16M
Inventory	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	59.36M	63.45M	-
Total Liabilities	-	-	3.74B	-	3.88B	4.16B	4.27B	4.43B
Current Liabilities	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	180.55M	393.40M	70.00M	178.50M
Total Debt	-	-	-	-	180.55M	393.40M	70.00M	178.50M
Total Equity	435.96M	473.11M	440.17M	-	328.63M	351.24M	384.31M	419.70M
Shares Outstanding	-	-	-	-	23.96M	22.96M	23.07M	22.08M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	38.29M	7.70M	-	70.79M	46.73M	36.94M	39.86M
Investing Cash Flow	-129.36M	-93.27M	-	-382.07M	-307.01M	-68.40M	-155.91M
Financing Cash Flow	-76.94M	201.69M	-	80.35M	267.94M	108.11M	90.04M
Capital Expenditure	-8.45M	-10.12M	-	-5.89M	-9.80M	-8.13M	-8.05M
Free Cash Flow	29.83M	-2.42M	-	64.90M	36.93M	28.80M	31.81M
Net Change in Cash	-	-	-	-230.93M	7.66M	76.64M	-26.01M
Share Buybacks	0	0	157.00K	42.93M	16.42M	0	20.00M
Dividends Paid	0	3.69M	0	0	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-
Net Margin %	207.9%	-254.9%	-	31.5%	17.0%	18.5%	21.0%
ROE %	5.6%	-10.4%	-	15.3%	6.7%	6.4%	7.5%
ROCE %	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

2.25%

Institutions

58.71%

Public Float

60.06%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.51%	1.67M	$45.56M
2	Fourthstone LLC	6.76%	1.50M	$41.01M
3	Dimensional Fund Advisors LP	5.29%	1.18M	$32.10M
4	Vanguard Capital Management LLC	4.43%	984.98K	$26.89M
5	American Century Companies Inc	2.43%	540.87K	$14.77M
6	Geode Capital Management, LLC	2.32%	515.98K	$14.09M
7	State Street Corporation	2.25%	498.90K	$13.62M
8	Kennedy Capital Management, LLC	2.02%	449.62K	$12.27M
9	Petiole USA Ltd	1.72%	381.37K	$10.41M
10	Goldman Sachs Group Inc	1.60%	356.39K	$9.73M

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