CARE - NASDAQ

Carter Bankshares, Inc.

CARE·NASDAQ

$27.33

-3.5%

Financial ServicesBanks - Regional

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction and acquisition loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. It operates through 69 branches in Virginia and North Carolina. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$607.33M

EPS1.4000

P/E Ratio19.52

Earnings Date07/23/2026

4.85B

Assets

3Y+15.0%

5Y+16.0%

10Y+8.0%

4.43B

Total Liabilities

3Y+14.0%

5Y+19.0%

10Y+9.0%

419.70M

Total Equity

3Y+28.0%

5Y-5.0%

10Y-3.0%

Carter Bankshares, Inc. Funding & Solvency Profile

CARE · NASDAQ

Current Assets

Cash & Cash Equivalents105.16M

Net Receivables0.00

Inventory0.00

Other Current Assets0.00

Total Current Assets489 M

Non-Current Assets

Property, Plant & Equipment72.50M

Goodwill & Intangible Assets2.13M

Long-Term Investments4.13B

Other Non-Current Assets161.82M

Total Non-Current Assets4 B

Total Assets

4.85B

Financial Health Analysis

Current Ratio

0.12x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

10.56x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-3722218000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

10% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Carter Bankshares, Inc. Balance Sheet

CARE • NASDAQ

Carter Bankshares, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	105.2M	131.2M	54.5M	46.9M	277.8M	241.9M	125.8M	293.6M	268.6M	694.8M	613.2M	242.4M	478.6M	508.9M	640.7M	0.0	0.0	0.0	0.0
Short-Term Investments	383.5M	655M	719.6M	836.3M	922.4M	778.7M	742.6M	782.8M	947.2M	160.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	488.7M	786.1M	774.2M	883.1M	1.2B	1B	868.4M	1.1B	1.2B	855.7M	613.2M	242.4M	478.6M	508.9M	640.7M	0.0	0.0	0.0	0.0
Net Receivables	0.0	63.5M	59.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accounts Receivables	0.0	63.5M	59.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	579.3M	300M	274.8M	561.2M
Total Current Assets	488.7M	849.6M	833.5M	883.1M	1.2B	1B	868.4M	1.1B	1.2B	855.7M	613.2M	242.4M	478.6M	508.9M	640.7M	579.3M	300M	274.8M	561.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	72.5M	74.3M	73.7M	72.1M	75.3M	85.3M	85.9M	85.8M	77.3M	96.6M	99M	101.7M	104M	106.1M	109.4M	111.9M	112.9M	114.7M	82.8M
Goodwill	1.2M	0.0	0.0	0.0	0.0	0.0	62.2M	62.2M	59.8M	59.8M	57.4M	59.9M	59.9M	59.9M	60M	60.1M	60.1M	61.7M	60.7M
Intangible Assets	940K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.4M	2.4M	9.9M	17.3M	24.7M	32.1M	39.5M	46.9M	54.3M
Goodwill & Intangible Assets	2.1M	0.0	0.0	0.0	0.0	0.0	62.2M	62.2M	59.8M	59.8M	59.8M	62.3M	69.8M	77.2M	84.7M	92.2M	99.6M	108.6M	115.1M
Long-Term Investments	4.1B	3.6B	3.4B	3.1B	2.7B	2.9B	2.9B	2.7B	2.6B	3.4B	4B	4.1B	3.9B	3.7B	3.1B	1M	0.0	1.9M	0.0
Other Non-Current Assets	161.8M	176M	196.4M	194.2M	141.8M	142.6M	123.8M	147.8M	109.8M	77.4M	88M	98.8M	95.8M	93.5M	69.1M	2.9B	2.9B	2.3B	1.9B
Total Non-Current Assets	4.4B	3.8B	3.7B	3.3B	2.9B	3.2B	3.1B	3B	2.9B	3.6B	4.3B	4.4B	4.2B	3.9B	3.3B	3.1B	3.1B	2.5B	2.1B
Total Assets	4.9B	4.7B	4.5B	4.2B	4.1B	4.2B	4B	4B	4.1B	4.5B	4.9B	4.6B	4.7B	4.4B	4B	3.7B	3.4B	2.8B	2.7B
LIABILITIES
CURRENT LIABILITIES
Short Term Debt	0.0	0.0	0.0	17.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.9M	1.9M	1.3M	2.7M
Other Current Liabilities	4.2B	4.2B	3.7B	3.6B	3.7B	3.7B	3.5B	3.6B	3.7B	4.1B	4.5B	4.2B	4.3B	4.1B	3.6B	1.2B	976.1M	833.4M	930.3M
Total Current Liabilities	4.2B	4.2B	3.7B	3.7B	3.7B	3.7B	3.5B	3.6B	3.7B	4.1B	4.5B	4.2B	4.3B	4.1B	3.6B	1.2B	978M	834.7M	933.1M
NON-CURRENT LIABILITIES
Long Term Debt	178.5M	70M	393.4M	180.6M	7M	35M	10M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	38K	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	42.8M	51.5M	46M	44.9M	20.7M	19.4M	18.8M	12.2M	10.6M	7M	12.9M	18.1M	17.2M	21.9M	20.9M	2.2B	2.1B	1.7B	1.4B
Total Non-Current Liabilities	221.3M	121.5M	439.4M	225.5M	27.7M	54.4M	28.8M	12.2M	10.6M	7M	12.9M	18.1M	17.2M	21.9M	20.9M	2.2B	2.1B	1.7B	1.4B
Total Liabilities	4.4B	4.3B	4.2B	3.9B	3.7B	3.7B	3.5B	3.6B	3.7B	4.1B	4.5B	4.2B	4.3B	4.1B	3.6B	3.4B	3.1B	2.5B	2.4B
SHAREHOLDERS' EQUITY
Common Stock	22.1M	23.1M	23M	24M	26.4M	26.4M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	26.3M	25M
Additional Paid-In Capital	74.8M	92.2M	90.6M	104.7M	144M	143.5M	142.5M	142.2M	142.2M	142.2M	0.0	0.0	0.0	0.0	0.0	142.2M	142.2M	142.2M	131.8M
Retained Earnings	365M	333.6M	309.1M	285.6M	235.5M	254.6M	304.2M	277.8M	265.9M	266.2M	400.3M	371.6M	348.7M	333.1M	313.3M	157.1M	142.4M	135.1M	135.6M
Accumulated Other Comprehensive Income/Loss	-42.2M	-64.5M	-71.4M	-85.6M	1.7M	15.7M	127K	-10.1M	-2.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	419.7M	384.3M	351.2M	328.6M	407.6M	440.2M	473.1M	436.2M	432.1M	434.7M	426.5M	397.9M	374.9M	359.4M	339.5M	325.6M	310.8M	303.5M	292.4M
Total Equity	419.7M	384.3M	351.2M	328.6M	407.6M	440.2M	473.1M	436.2M	432.1M	434.7M	426.5M	397.9M	374.9M	359.4M	339.5M	325.6M	310.8M	303.5M	292.4M
SUMMARY
Total Liabilities & Equity	4.9B	4.7B	4.5B	4.2B	4.1B	4.2B	4B	4B	4.1B	4.5B	4.9B	4.6B	4.7B	4.4B	4B	3.7B	3.4B	2.8B	2.7B
Total Investments	4.5B	4.2B	4.1B	3.9B	3.6B	3.7B	3.6B	3.4B	3.6B	3.6B	4B	4.1B	3.9B	3.7B	3.1B	1M	0.0	1.9M	0.0
Total Debt	178.5M	70M	393.4M	198.4M	7M	35M	10M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	38K	1.9M	1.9M	1.3M	2.7M
Net Debt	73.3M	-61.2M	338.9M	151.6M	-270.8M	-206.9M	-115.8M	-293.8M	-268.6M	-694.8M	-613.2M	-242.4M	-478.6M	-508.9M	-640.7M	1.9M	1.9M	1.3M	2.7M
Shares Outstanding	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800	22,669,800

SEC Filings

CARE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 29, 2026	May 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 29, 2026	May 27, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	May 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	May 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 15, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 26, 2026	March 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 05, 2026	December 31, 2025	2025	View Filing

Showing 1 to 10 of 112 filings

Related Guides

Blog Categories

Continue your CARE research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.