Carter Bankshares, Inc.(CARE)

$23.40▲0.05 (0.21%)

Carter Bankshares, Inc.(CARE)

NASDAQ

$23.40▲0.05 (0.21%)

Overview Intelligence Chart Fundamentals Key Metrics Earnings Growth Analysts Financials Insiders Institutional

Revenue (LTM)

$255M

+6.2% YoY

Net Income (LTM)

$31M

+27.9% YoY

Free Cash Flow

$32M

Revenue CAGR (5Y)

+13.0%

Marginsdeclining

FCF$0.0B

Profitable

Watch on earnings:Net interest margin (NIM) and quarterly basis point changesLoan growth by category (CRE, C&I, residential) and loan-to-deposit ratioNon-performing assets as % of total assets and provision for credit lossesEfficiency ratio and non-interest expense growthTangible book value per share growth and capital ratios (CET1, TCE/TA)

Key metrics:Federal Funds Rate and forward guidance (drives asset yields and deposit competition intensity) · 10Y-2Y Treasury yield curve spread (inverted curve compresses lending margins; normalization supports NIM expansion) · Virginia and North Carolina unemployment rates and GDP growth (local economic health drives loan demand and credit quality) · Commercial real estate vacancy rates and cap rates in Richmond, Roanoke, and Charlotte MSAs

Income Statement

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Revenue	156	179↑14.6%	212↑18.2%	240↑13.1%	255↑6.2%
Gross Profit	132	156↑18.5%	131↓15.8%	137↑4.7%	157↑14.3%
Operating Income	36	62↑72.9%	29↓53.5%	31↑7.5%	40↑29.6%
Net Income	32	50↑58.7%	23↓53.3%	25↑4.9%	31↑27.9%
EBITDA	42	68↑61.7%	35↓48.4%	38↑8.5%	40↑5.5%
EPS Diluted	1.20	2.03↑69.2%	1.00↓50.7%	1.06↑6.0%	1.40↑32.1%

Balance Sheet

⚠ Moderate leverage with 0.43 debt/equity ratio, but community banks face liquidity risk if deposit outflows accelerate (0.40 current ratio reflects loan-heavy balance sheet)

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Cash & Equivalents	278	47↓83.1%	55↑16.3%	131↑140.6%	105↓19.8%
Total Current Assets	1,200	883↓26.4%	834↓5.6%	850↑1.9%	105↓87.6%
Total Assets	4,134	4,205↑1.7%	4,513↑7.3%	4,659↑3.2%	4,852↑4.1%
Total Current Liabilities	3,698	3,650↓1.3%	3,722↑2.0%	4,153↑11.6%	140↓96.6%
Total Liabilities	3,726	3,876↑4.0%	4,161↑7.4%	4,275↑2.7%	4,432↑3.7%
Total Equity	408	329↓19.4%	351↑6.9%	384↑9.4%	420↑9.2%
Total Debt	7	198↑2734.6%	393↑98.3%	70↓82.2%	179↑155.0%
Net Debt	-271	152↑156.0%	339↑123.6%	-61↓118.1%	73↑219.9%

Cash Flow Statement

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Operating Cash Flow	78	71↓8.7%	47↓34.0%	37↓21.0%	40↑7.9%
Capital Expenditure	-8	-6↑30.6%	-10↓66.3%	-8↑17.0%	-8↑1.0%
Free Cash Flow	69	65↓6.0%	37↓43.1%	29↓22.0%	32↑10.4%
Stock-Based Comp	1	1↑26.3%	2↑18.8%	2↑12.2%	0
Net Change in Cash	36	-231↓744.0%	8↑103.3%	77↑900.5%	-26↓133.9%

Values in millions except EPS · Ratios shown as percentages · Click any metric to drill down

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