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Carter Bankshares, Inc.

CARE Nasdaq National Commercial Banks Financials FY2019–FY2025

Carter Bankshares, Inc. had $20.3M of revenue in fiscal 2025, up 4.6% on the year before. Over five years, revenue changed +2.5% a year on average.

Download report 3-page PDF: the company, its results and charts with peers.

Last close Β· Oct 23, 2026

$30.57

0.4%

What Carter Bankshares, Inc. does

CARE Β· National Commercial Banks

From its latest annual report

No business description yet.

Filing details

Legal name
Carter Bankshares, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K Β· Mar 5, 2026
Accession Β· CIK
0001829576-26-000018 Β· 0001829576

KIRA’s summary AI analyst

Hi! I read Carter Bankshares, Inc.’s latest annual report (fiscal 2025). Here is what stands out:

2 strengths 1 to watch

1.Sales and profit

See section β†’
  • Carter Bankshares, Inc. had $20.3M of revenue in fiscal 2025, up 4.6% on the year before. Over five years, revenue changed +2.5% a year on average.
  • Carter Bankshares, Inc. made $31.4M of net profit in fiscal 2025. From fiscal 2019 to 2025, diluted EPS grew 5.3% a year.

2.Cash and shareholders

See section β†’
  • Carter Bankshares, Inc. returned $20.0M to shareholders in fiscal 2025, 63% of free cash flow. The diluted share count fell 1.6%.
  • No open-market insider trades in the last 12 months.

Carter Bankshares, Inc. in 30 seconds

Good So-so Weak

So-so

Are sales growing?

+4.6%

Only a little. Sales grew 4.6% last year.

Good

Does it make a profit?

154.4%

Yes. It keeps 154.4% of every sale as profit.

Weak

How lean are its costs?

576.2%

Costly. Running costs take 576.2% of revenue.

Weak

How much does it earn on its capital?

7.8%

Low. It earns 7.8% a year on shareholders’ money.

For information

How is the share priced?

5.3x

One share costs 5.3 times its yearly profit per share.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap Last close times the latest diluted share count, so it is approximate.
$668M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
5.3x
On $5.81 EPS (TTM)

Revenue

Total sales reported in the income statement.

KIRA Β· Carter Bankshares, Inc. had $20.3M of revenue in fiscal 2025, up 4.6% on the year before. Over five years, revenue changed +2.5% a year on average.

See the full section β†’

Efficiency ratio

Noninterest expense as a share of revenue. Lower is better for banks.

KIRA Β· It earned 7.8% on shareholders’ money. Running costs took 576.2% of revenue (the efficiency ratio; lower is better).

See the full section β†’

Net income

Profit after all expenses, interest and tax.

KIRA Β· Carter Bankshares, Inc. made $31.4M of net profit in fiscal 2025. From fiscal 2019 to 2025, diluted EPS grew 5.3% a year.

See the full section β†’

Return on equity

Net income as a share of average shareholders' equity.

KIRA Β· It earned 7.8% on shareholders’ money. Running costs took 576.2% of revenue (the efficiency ratio; lower is better).

See the full section β†’

Sales and profit

Is it selling more, and how much does it keep?

Results dates

In plain words: Every quarter, companies publish how much they sold and earned. These are the days Carter Bankshares, Inc. did it, and the next one. Share prices often move a lot on those days.

Next results

October 22, 2026

Thursday Β· expected, not published yet

Time
Before the market opens
Covers
Period ended Sep 30, 2026
Source
Stoqly estimate

Estimated from the same quarter last year. It will be replaced by the announced date once there is one.

See who else reports that week β†’
Date Results for Time Source
Jul 23, 2026 Q2 '26 Before the market opens 8-K β†—
Apr 23, 2026 Q1 '26 Before the market opens 8-K β†—
Jan 29, 2026 Q4 '25 Before the market opens 8-K β†—
Oct 23, 2025 Q3 '25 Before the market opens 8-K β†—
Jul 24, 2025 Q2 '25 Before the market opens 8-K β†—
Apr 24, 2025 Q1 '25 Before the market opens 8-K β†—
Jan 23, 2025 Q4 '24 Before the market opens 8-K β†—
Oct 24, 2024 Q3 '24 Before the market opens 8-K β†—

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

Revenue and margins

KIRA Β· Carter Bankshares, Inc. had $20.3M of revenue in fiscal 2025, up 4.6% on the year before. Over five years, revenue changed +2.5% a year on average.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

Revenue

Net interest income share and efficiency ratio

Net interest share Efficiency ratio

Net interest income share and efficiency ratio

Net interest share Efficiency ratio

Net income and earnings per share

KIRA Β· Carter Bankshares, Inc. made $31.4M of net profit in fiscal 2025. From fiscal 2019 to 2025, diluted EPS grew 5.3% a year.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

Net income

Diluted EPS

Diluted EPS

Cash and shareholders

How much cash comes in, and where does it go?

Dividends, buybacks and share count

KIRA Β· Carter Bankshares, Inc. returned $20.0M to shareholders in fiscal 2025, 63% of free cash flow. The diluted share count fell 1.6%.

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

Dividends Buybacks

Dividends and buybacks

Dividends Buybacks

Diluted shares outstanding (annual)

Insider trades

KIRA Β· No open-market insider trades in the last 12 months.

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. β€œPlan” marks trades under a pre-arranged Rule 10b5-1 plan.

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

β€”

$0.0M

No open-market insider trades in the last 12 months.

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

Loans, deposits and capital at each fiscal year end.

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Loans and deposits

Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $2.7B$3.1B$3.4B$3.5B$3.8B
Deposits $3.7B$3.6B$3.7B$4.2B$4.2B
Loans / deposits 73.4%84.1%91.6%85.5%90.4%
Total assets $4.1B$4.2B$4.5B$4.7B$4.9B
Shareholders' equity $408M$329M$351M$384M$420M
Goodwill β€”β€”β€”$0.0M$1.2M
Intangible assets β€”β€”β€”$0.0M$0.9M
Provision / loans 0.1%0.1%0.2%βˆ’0.1%βˆ’0.1%

Returns and efficiency

KIRA Β· It earned 7.8% on shareholders’ money. Running costs took 576.2% of revenue (the efficiency ratio; lower is better).

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

In plain words: Return on equity is the profit made on shareholders’ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.

Return on equity, return on tangible equity and efficiency ratio

ROE ROTE Efficiency ratio

All figures

Every number, year by year.

7 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Download CSV
Fiscal yearFY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $12.8M $18.0M $17.5M $18.3M $17.3M $19.4M $20.3M
Net interest income $112M $105M $111M $140M $122M $114M $131M
Noninterest income $16.9M $26.6M $28.9M $21.7M $18.3M $21.4M $22.4M
Noninterest expense $98.0M $159M $102M $97.0M $105M $110M $117M
Provision for credit losses $3.4M $18.0M $2.1M $2.9M $6.4M βˆ’$5.0M βˆ’$3.8M
Interest expense $46.8M $35.8M $22.7M $20.3M $74.1M β€” β€”
Pretax income $27.8M βˆ’$45.1M $35.7M $61.7M $28.7M $30.9M $40.0M
Income tax $1.2M $0.8M $4.1M $11.6M $5.3M $6.3M $8.6M
Net income $26.6M βˆ’$45.9M $31.6M $50.1M $23.4M $24.5M $31.4M
Net income to common $26.5M βˆ’$45.9M $31.5M $49.8M $23.2M $24.3M $31.0M
Diluted EPS $1.01 βˆ’$1.74 $1.19 $2.03 $1.00 $1.06 $1.38
Diluted shares 0.03B 0.03B 0.03B 0.02B 0.02B 0.02B 0.02B
Cash flow
Cash from operations $38.3M $7.7M $77.5M $70.8M $46.7M $36.9M $39.9M
Capital expenditure $8.5M $10.1M $8.5M $5.9M $9.8M $8.1M $8.1M
Free cash flow $29.8M βˆ’$2.4M $69.1M $64.9M $36.9M $28.8M $31.8M
Depreciation and amortization $5.3M $6.1M $6.2M $6.1M $6.2M $7.1M $7.9M
Stock-based compensation $0.4M $1.0M $1.0M $1.3M $1.6M $1.8M $2.1M
Acquisitions β€” β€” β€” β€” $0.0M $0.0M βˆ’$53.6M
Share buybacks $0.0M $0.0M $0.2M $42.9M $16.4M $0.0M $20.0M
Dividends paid $0.0M $3.7M $0.0M $0.0M β€” β€” β€”
Dividends and buybacks $0.0M $3.7M $0.2M $42.9M $16.4M $0.0M $20.0M
Balance sheet
Cash and short-term investments $126M $242M $278M $46.9M $54.5M $131M $105M
Finance lease liabilities β€” β€” β€” β€” $7.3M $10.1M $9.9M
Loans, net β€” $2.9B $2.7B $3.1B $3.4B $3.5B $3.8B
Deposits β€” $3.7B $3.7B $3.6B $3.7B $4.2B $4.2B
Property and equipment, net β€” $85.3M $75.3M $72.1M $73.7M $74.3M $72.5M
Goodwill β€” β€” β€” β€” β€” $0.0M $1.2M
Intangible assets β€” β€” β€” β€” β€” $0.0M $0.9M
Total assets β€” $4.2B $4.1B $4.2B $4.5B $4.7B $4.9B
Total liabilities β€” $3.7B $3.7B $3.9B $4.2B $4.3B $4.4B
Shareholders' equity $473M $440M $408M $329M $351M $384M $420M
Margins
Net margin 207.9% βˆ’254.9% 180.7% 273.4% 135.4% 126.3% 154.4%
FCF margin 233.4% βˆ’13.4% 394.9% 354.0% 213.9% 148.4% 156.6%
Net interest share of revenue 878.9% 584.3% 635.8% 763.3% 708.3% 589.6% 644.0%
Efficiency ratio 766.9% 882.5% 585.0% 529.1% 610.8% 566.6% 576.2%
Returns
Return on equity 5.6% βˆ’10.0% 7.5% 13.6% 6.9% 6.7% 7.8%
Return on assets β€” βˆ’1.1% 0.8% 1.2% 0.5% 0.5% 0.7%
Return on tangible equity 5.6% βˆ’10.4% 7.7% 15.2% 6.6% 6.3% 7.4%
Growth
Revenue growth β€” 40.8% βˆ’2.8% 4.8% βˆ’5.8% 12.4% 4.6%
Net income growth β€” βˆ’272.6% β€” 58.7% βˆ’53.3% 4.9% 27.9%
EPS growth β€” βˆ’272.3% β€” 70.6% βˆ’50.7% 6.0% 30.2%
FCF growth β€” βˆ’108.1% β€” βˆ’6.0% βˆ’43.1% βˆ’22.0% 10.4%
Share count change β€” 0.5% βˆ’0.1% βˆ’6.6% βˆ’5.5% βˆ’1.8% βˆ’1.6%
Financial health
Loans / deposits β€” 78.5% 73.4% 84.1% 91.6% 85.5% 90.4%
Provision / loans β€” 0.6% 0.1% 0.1% 0.2% βˆ’0.1% βˆ’0.1%
Capital allocation
Capex / revenue 66.1% 56.3% 48.5% 32.1% 56.7% 41.9% 39.7%
Stock comp / revenue 3.0% 5.6% 5.9% 7.2% 9.0% 9.0% 10.2%
Payouts / FCF 0.0% β€” 0.2% 66.1% 44.4% 0.0% 62.9%
Quality scores
Accruals ratio β€” βˆ’1.3% βˆ’1.1% βˆ’0.5% βˆ’0.5% βˆ’0.3% βˆ’0.2%

Source: SEC EDGAR XBRL filings (CIK 0001829576). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β€” not investment advice. Check the original filings before relying on any figure.

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