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MARKETS / NASDAQ / CARE
NASDAQ · NATIONAL COMMERCIAL BANKS · MID CAP

Carter Bankshares, Inc. CARE

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$20.3M
▲ 4.6% YoY
$31.4M
▲ 27.9% YoY
$31.8M
▲ 10.4% YoY
In brief

What this company does

The Bank is a Federal Deposit Insurance Corporation (“FDIC”) insured, Virginia state-chartered bank, which operates 64 branches in Virginia and North Carolina. The Company provides a full range of commercial banking, consumer banking, mortgage and services through the Bank. The Company was incorporated on October 7, 2020, to become the Bank’s parent bank holding company in a corporate reorganization (the “Reorganization”). As of December 31, 2025, the Company employed 687 full-time associates across our two-state footprint.

Written from the business description in Carter Bankshares, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth
USD 20.3M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 20.3 · Net income 31.4
20M40M-20M-40M2019202020212022202320242025
Compound annual growth
+3.5%
+2.5%
−14.5%
−12.1%
−22.5%
+40.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
154 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 196.9% · Net 154.4%
100%200%300%-100%-200%2019202020212022202320242025
ROE
FY2025 · ROE 7.8%
5%10%-5%-10%2019202020212022202320242025
Gross margin—
Operating margin196.9%
Net margin154.4%
Return on assets0.7%
EBITDAUSD 47.9M

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 20.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 31.8
25.0M50.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 20.0
20M40M2019202020212022202320242025
Dividends paid—
Net buybacksUSD 20.0M
Share of profit63.8%
Consecutive raises—

USD 20.0M in buybacks — 64% of the year's profit went back to shareholders.

Total assetsUSD 4.9B
EquityUSD 419.7M
CashUSD 105.2M
DepositsUSD 4.2B

Equity funds 9% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.00.00.00.00.00.00.0
Operating income $B0.00.00.00.10.0−0.00.0
EBITDA $B0.00.00.00.10.0−0.00.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B0.00.00.00.10.0−0.00.0
Free cash flow $B0.00.00.00.10.1−0.00.0
EPS, diluted $1.381.061.002.031.19−1.741.01
Dividend / sh $·····0.14·
Payout %···00−80
ROE %7.86.76.913.67.5−10.05.6
Shares out B0.020.020.020.020.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNational Commercial Banks
Listed onNASDAQ
Incorporated inVirginia
Fiscal year endsDecember 31
Data on record since2019

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