SequelSEC

Carter Bankshares, Inc. CARE

National Commercial Banks · CIK 0001829576 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$20.32M
Fiscal year ended 2025-12-31
Net income
$31.36M
Fiscal year ended 2025-12-31
Total assets
$4.85B
Fiscal year ended 2025-12-31

Carter Bankshares, Inc. (CARE) reported revenue of $20.32M and net income of $31.36M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Carter Bankshares, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under National Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

Carter Bankshares, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$20.32M$19.41M$17.27M$18.33M$17.49M$17.99M$12.78M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$31.36M$24.52M$23.38M$50.12M$31.59M-$45.86M$26.58M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 22.46Mshares 22.82Mshares 23.24Mshares 24.60Mshares 26.34Mshares 26.38Mshares 26.26M
Pretax income$40.00M$30.87M$28.72M$61.72M$35.70M-$45.09M$27.78M
Income tax expense$8.64M$6.35M$5.34M$11.60M$4.11M$772.00K$1.21M
Diluted EPS$1.38$1.06$1.00$2.03$1.19$-1.74$1.01
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Carter Bankshares, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$105.16MUnavailableUnavailableUnavailable$277.80M$241.94MUnavailable
Total assets$4.85B$4.66B$4.51B$4.20B$4.13B$4.18BUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$4.43B$4.27B$4.16B$3.88B$3.73B$3.74BUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$419.70M$384.31M$351.24M$328.63M$407.60M$440.17M$473.11M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$1.19M$0UnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Carter Bankshares, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$39.86M$36.94M$46.73M$70.79M$77.54M$7.70M$38.29M
Capital expenditures$8.06M$8.13M$9.80M$5.89M$8.48M$10.12M$8.45M
Investing cash flow-$155.91M-$68.40M-$307.01M-$382.07M-$106.36M-$93.27M-$129.36M
Financing cash flow$90.04M$108.11M$267.94M$80.35M$64.67M$201.69M-$76.94M
Net change in cash-$26.01M$76.64M$7.66M-$230.93M$35.86M$116.13M-$168.01M
Stock-based compensation$2.07M$1.75M$1.56M$1.31M$1.04M$1.02M$381.00K
Common dividends paidUnavailableUnavailableUnavailable$0$0$3.69M$0
Common share repurchases$20.00M$0$16.42M$42.93M$157.00K$0$0
Depreciation & amortization$7.86M$7.06M$6.25M$6.06M$6.23M$6.14M$5.34M

Derived

Carter Bankshares, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$31.81M$28.80M$36.93M$64.90M$69.05M-$2.42M$29.83M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF margin156.6%148.4%213.9%354.0%394.9%-13.4%233.4%
SBC / revenue10.2%9.0%9.0%7.2%5.9%5.6%3.0%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth4.6%12.4%-5.8%4.8%-2.8%40.8%Unavailable
Net margin154.4%126.3%135.4%273.4%180.7%-254.9%207.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue39.7%41.9%56.7%32.1%48.5%56.3%66.1%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate21.6%20.6%18.6%18.8%11.5%Unavailable4.4%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CARE in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-05View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-08View SEC filing

Companies in the same industry

ALRS AMTB AROW ASRV ATLO BAC BANC BANF BCAL BFC BHRB BOKF

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.