Company research
Carter Bankshares, Inc.
CIK 1829576Updated Sep 26, 2026
SecurityCARE · NASDAQ · equity
CARE price & chart
Loading TradingView…
NASDAQ:CARE on TradingView ↗About the company
Headquartered in Martinsville, Va., Carter Bank is a $4.7 billion, state-chartered community bank with branches in Virginia and North Carolina. Since 1974, Carter Bank has strived to create opportunities for more people and businesses to prosper. Additional information about Carter Bank is available at carterbank.com. Member FDIC. Equal Housing Lender.
In the news
No coverage from other publishers is available.
Recent filings
4/A filing
4 filing
Other Events
Items 8.01
SCHEDULE 13G/A filing
Other Events
Items 8.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,851,922,000Source | 4,659,189,000Source | 4,512,539,000Source | 4,204,519,000Source |
| Property, Plant and Equipment, NetUSD | 72,497,000Source | 74,329,000Source | 73,707,000Source | 72,114,000Source |
| GoodwillUSD | 1,193,000Source | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 1,083,000Source | 294,000Source | 419,000Source | 6,300,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,432,225,000Source | 4,274,876,000Source | 4,161,296,000Source | 3,875,892,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 22,083,000Source | 23,069,000Source | 22,957,000Source | 23,957,000Source |
| Additional Paid in CapitalUSD | 74,806,000Source | 92,159,000Source | 90,642,000Source | 104,693,000Source |
| Retained Earnings (Accumulated Deficit)USD | 364,968,000Source | 333,606,000Source | 309,083,000Source | 285,593,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -42,160,000Source | -64,521,000Source | -71,439,000Source | -85,616,000Source |
| Stockholders' Equity Attributable to ParentUSD | 419,697,000Source | 384,313,000Source | 351,243,000Source | 328,627,000Source |
| Liabilities and EquityUSD | 4,851,922,000Source | 4,659,189,000Source | 4,512,539,000Source | 4,204,519,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 7,859,000Source | 7,055,000Source | 6,248,000Source | 6,063,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,071,000Source | 1,752,000Source | 1,561,000Source | 1,314,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,171,000Source | 2,689,000Source | 884,000Source | 3,630,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 39,862,000Source | 36,938,000Source | 46,730,000Source | 70,791,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | -53,573,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -155,911,000Source | -68,402,000Source | -307,011,000Source | -382,071,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 8,055,000Source | 8,133,000Source | 9,798,000Source | 5,890,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 20,000,000Source | 0Source | 16,416,000Source | 42,927,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 90,041,000Source | 108,106,000Source | 267,941,000Source | 80,350,000Source |
| Dividends paidUSD | — | — | — | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -26,008,000Source | 76,642,000Source | 7,660,000Source | -230,930,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 105,163,000Source | 131,171,000Source | 54,529,000Source | 46,869,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 102,649,000Source | 106,342,000Source | 69,116,000Source | 19,338,000Source |
| Income Taxes Paid, NetUSD | 3,717,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 161,000Source | — | — | — |
| Bank Owned Life Insurance IncomeUSD | 1,511,000Source | 1,473,000Source | 1,381,000Source | 1,357,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 46,000Source | 68,000Source | -1,521,000Source | 46,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 46,000Source | 68,000Source | -1,521,000Source | 46,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | 2,670,000Source | -516,000Source | — |
| DepreciationUSD | 7,900,000Source | 7,100,000Source | 6,200,000Source | 6,100,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 250,000Source | 41,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | -3,637,000Source | -5,039,000Source | 5,500,000Source | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | 157,000Source | 138,000Source | 109,000Source | 396,000Source |
| GoodwillUSD | 1,193,000Source | — | — | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 8,639,000Source | 6,346,000Source | 5,337,000Source | 11,599,000Source |
| Net Income (Loss) Attributable to ParentUSD | 31,362,000Source | 24,523,000Source | 23,384,000Source | 50,118,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 31,001,000Source | 24,275,000Source | 23,187,000Source | 49,823,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 67,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 96,923,000Source | 63,454,000Source | 48,901,000Source | 84,693,000Source |
| Provision for Loan, Lease, and Other LossesUSD | -3,831,000Source | -5,046,000Source | 6,401,000Source | 2,928,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | — | 2,419,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 20,315,000Source | 19,413,000Source | 17,267,000Source | 19,106,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 40,001,000Source | 30,869,000Source | 28,721,000Source | 61,717,000Source |
| Income Tax Expense (Benefit)USD | 8,639,000Source | 6,346,000Source | 5,337,000Source | 11,599,000Source |
| Net Income (Loss) Attributable to ParentUSD | 31,362,000Source | 24,523,000Source | 23,384,000Source | 50,118,000Source |
| Earnings Per Share, BasicUSD per share | 1.38Source | 1.06Source | 1Source | 2.03Source |
| Earnings Per Share, DilutedUSD per share | 1.38Source | 1.06Source | 1Source | 2.03Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,456,705Source | 22,817,149Source | 23,240,543Source | 24,595,789Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 22,456,705Source | 22,817,149Source | 23,240,543Source | 24,595,789Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 161,000Source | — | — | — |
| Bank Owned Life Insurance IncomeUSD | 1,511,000Source | 1,473,000Source | 1,381,000Source | 1,357,000Source |
| Current Income Tax Expense (Benefit)USD | 6,468,000Source | 3,657,000Source | 4,969,000Source | 7,969,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 46,000Source | 68,000Source | -1,521,000Source | 46,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | -3,637,000Source | -5,039,000Source | 5,500,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Interest ExpenseUSD | — | — | 74,110,000Source | 20,254,000Source |
| InterestExpenseOperatingUSD | 101,402,000Source | 107,272,000Source | — | — |
| Interest Income (Expense), NetUSD | 130,820,000Source | 114,457,000Source | 122,310,000Source | 139,928,000Source |
| Interest Income, OperatingUSD | — | — | — | 1,500Source |
| Labor and Related ExpenseUSD | 57,743,000Source | 57,908,000Source | 55,856,000Source | 52,399,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 31,001,000Source | 24,275,000Source | 23,187,000Source | 49,823,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 67,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 361,000Source | 248,000Source | 197,000Source | 295,000Source |
Filing attachments
care-5272025xex991.htm · 8-K · 2025-05-27
EX-99.1 2 care-5272025xex991.htm EX-99.1 Document Contact: Brooks Taylor VP, Corporate Communications Officer Brooks. Taylor@cbtcares.com 276.806.5445 FOR IMMEDIATE RELEASE Carter Bank completes the purchase of two First Reliance Bank branches in North Carolina Through the purchase, the Bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte. Martinsville, Va. (May 27, 2025) - Carter Bankshares, Inc. (Nasdaq: CARE), the holding company …
Read attachment ↗