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Carter Bankshares (CARE) Financials

Carter Bankshares logo
$15.00 +0.72 (+5.04%)
Closing price 04:00 PM Eastern
Extended Trading
$15.00 0.00 (0.00%)
As of 05:06 PM Eastern
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Annual Income Statements for Carter Bankshares

Annual Income Statements for Carter Bankshares

This table shows Carter Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
50 23 25
Consolidated Net Income / (Loss)
50 23 25
Net Income / (Loss) Continuing Operations
50 23 25
Total Pre-Tax Income
62 29 31
Total Revenue
162 141 136
Net Interest Income / (Expense)
140 122 114
Total Interest Income
160 196 222
Loans and Leases Interest Income
139 163 191
Investment Securities Interest Income
21 33 31
Deposits and Money Market Investments Interest Income
0.03 0.06 0.09
Total Interest Expense
20 74 107
Deposits Interest Expense
19 53 95
Long-Term Debt Interest Expense
1.45 21 12
Federal Funds Purchased and Securities Sold Interest Expense
0.19 0.37 0.00
Total Non-Interest Income
22 18 21
Trust Fees by Commissions
1.96 1.95 3.69
Other Service Charges
18 16 16
Net Realized & Unrealized Capital Gains on Investments
0.05 -1.52 0.07
Other Non-Interest Income
1.36 1.38 1.47
Provision for Credit Losses
2.93 6.40 -5.05
Total Non-Interest Expense
97 105 110
Salaries and Employee Benefits
52 56 58
Net Occupancy & Equipment Expense
18 18 21
Marketing Expense
1.43 1.69 2.54
Property & Liability Insurance Claims
2.02 4.90 6.20
Other Operating Expenses
23 25 23
Amortization Expense
0.62 0.00 0.00
Income Tax Expense
12 5.34 6.35
Basic Earnings per Share
$2.03 $1.00 $1.06
Weighted Average Basic Shares Outstanding
24.60M 23.24M 22.82M
Diluted Earnings per Share
$2.03 $1.00 $1.06
Weighted Average Diluted Shares Outstanding
24.60M 23.24M 22.82M
Weighted Average Basic & Diluted Shares Outstanding
23.92M 23.02M 23.13M

Quarterly Income Statements for Carter Bankshares

This table shows Carter Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
14 16 16 5.70 3.63 -1.89 5.81 4.80 5.63 8.28
Consolidated Net Income / (Loss)
14 16 16 5.70 3.63 -1.89 5.81 4.80 5.63 8.28
Net Income / (Loss) Continuing Operations
14 16 16 5.70 3.63 -1.89 5.81 4.80 5.63 8.28
Total Pre-Tax Income
19 19 20 5.76 4.41 -1.89 7.23 5.92 7.03 11
Total Revenue
43 47 46 32 33 31 33 34 34 35
Net Interest Income / (Expense)
38 42 41 27 27 27 28 28 29 29
Total Interest Income
42 48 52 44 49 52 54 55 57 57
Loans and Leases Interest Income
37 41 44 36 41 43 46 46 49 50
Investment Securities Interest Income
5.66 6.94 7.80 8.17 8.37 8.56 8.19 8.09 7.54 6.97
Deposits and Money Market Investments Interest Income
0.00 0.00 0.02 0.01 0.01 0.03 0.01 0.03 0.04 0.01
Total Interest Expense
4.60 6.69 11 17 21 24 26 26 28 27
Deposits Interest Expense
4.47 5.34 7.52 12 15 18 21 23 26 26
Long-Term Debt Interest Expense
0.11 1.20 3.48 5.15 6.06 6.43 4.91 3.77 2.28 0.88
Total Non-Interest Income
5.24 5.54 4.74 5.03 5.27 3.25 5.05 5.53 5.42 5.37
Trust Fees by Commissions
- - 0.17 0.51 0.87 0.40 0.61 0.93 1.06 1.07
Other Service Charges
0.47 17 4.23 4.18 4.06 4.01 4.08 4.20 3.98 3.88
Net Realized & Unrealized Capital Gains on Investments
-0.01 -0.34 -0.01 0.00 -0.00 -1.51 0.00 0.04 0.00 0.03
Other Non-Interest Income
4.77 -13 0.34 0.34 0.35 0.35 0.35 0.37 0.38 0.39
Provision for Credit Losses
0.08 0.37 1.42 0.45 0.98 3.57 0.02 0.26 -0.24 -5.08
Total Non-Interest Expense
23 28 24 26 27 29 26 27 27 29
Salaries and Employee Benefits
14 15 14 14 14 15 14 14 15 15
Net Occupancy & Equipment Expense
4.25 5.00 4.12 4.66 4.62 4.55 4.64 5.03 5.28 5.58
Marketing Expense
0.37 0.56 0.34 0.43 0.36 0.56 0.36 0.53 0.59 1.07
Property & Liability Insurance Claims
0.54 0.48 0.64 0.70 1.37 2.19 1.69 1.57 1.53 1.42
Other Operating Expenses
5.55 6.75 4.82 6.10 6.97 7.17 5.37 6.11 5.44 5.91
Income Tax Expense
5.01 3.47 4.50 0.05 0.78 -0.00 1.42 1.12 1.40 2.40
Basic Earnings per Share
$0.59 $0.64 $0.67 $0.24 $0.16 ($0.07) $0.25 $0.21 $0.24 $0.36
Weighted Average Basic Shares Outstanding
24.27M 24.60M 23.77M 23.51M 22.95M 23.24M 22.77M 22.83M 22.83M 22.82M
Diluted Earnings per Share
$0.59 $0.64 $0.67 $0.24 $0.16 ($0.07) $0.25 $0.21 $0.24 $0.36
Weighted Average Diluted Shares Outstanding
24.27M 24.60M 23.77M 23.51M 22.95M 23.24M 22.77M 22.83M 22.83M 22.82M
Weighted Average Basic & Diluted Shares Outstanding
24.11M 23.92M 23.94M 23.33M 22.96M 23.02M 23.02M 23.07M 23.07M 23.13M

Annual Cash Flow Statements for Carter Bankshares

This table details how cash moves in and out of Carter Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Change in Cash & Equivalents
-231 7.66 77
Net Cash From Operating Activities
71 47 37
Net Cash From Continuing Operating Activities
71 47 37
Net Income / (Loss) Continuing Operations
50 23 25
Consolidated Net Income / (Loss)
50 23 25
Provision For Loan Losses
2.93 6.40 -5.05
Depreciation Expense
6.06 6.25 7.06
Amortization Expense
6.37 8.46 4.11
Non-Cash Adjustments to Reconcile Net Income
4.68 2.29 2.87
Changes in Operating Assets and Liabilities, net
0.64 -0.05 3.43
Net Cash From Investing Activities
-382 -307 -68
Net Cash From Continuing Investing Activities
-382 -307 -68
Purchase of Property, Leasehold Improvements and Equipment
-5.89 -9.80 -8.13
Purchase of Investment Securities
-486 -396 -146
Sale of Property, Leasehold Improvements and Equipment
0.41 0.00 0.00
Sale and/or Maturity of Investments
109 99 86
Net Cash From Financing Activities
80 268 108
Net Cash From Continuing Financing Activities
80 268 108
Net Change in Deposits
-68 89 432
Issuance of Debt
301 3,442 1,870
Repayment of Debt
-127 -3,229 -2,193
Repurchase of Common Equity
-43 -16 0.00
Other Financing Activities, Net
18 -18 0.00
Cash Interest Paid
19 69 106
Cash Income Taxes Paid
5.79 5.72 0.48

Quarterly Cash Flow Statements for Carter Bankshares

This table details how cash moves in and out of Carter Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-4.53 -19 35 -28 2.12 -0.87 54 -46 43 26
Net Cash From Operating Activities
21 23 22 7.16 9.26 7.88 18 -2.46 10 11
Net Cash From Continuing Operating Activities
21 23 22 7.16 9.26 7.88 18 -2.46 10 11
Net Income / (Loss) Continuing Operations
14 16 16 5.70 3.63 -1.89 5.81 4.80 5.63 8.28
Consolidated Net Income / (Loss)
14 16 16 5.70 3.63 -1.89 5.81 4.80 5.63 8.28
Provision For Loan Losses
0.08 0.37 1.50 0.45 0.98 3.48 -0.03 0.26 -0.24 -5.03
Depreciation Expense
1.52 1.57 1.51 1.57 1.61 1.56 1.67 1.75 1.79 1.84
Amortization Expense
0.62 1.36 1.88 1.60 1.65 3.32 1.21 0.99 0.89 1.02
Non-Cash Adjustments to Reconcile Net Income
0.11 3.54 0.30 0.31 -0.30 1.97 0.27 -1.65 2.47 1.78
Changes in Operating Assets and Liabilities, net
4.16 0.64 1.30 -2.48 1.70 -0.57 8.70 -8.61 -0.23 3.57
Net Cash From Investing Activities
-20 -112 -125 -51 -79 -52 10 -22 -23 -34
Net Cash From Continuing Investing Activities
-20 -112 -125 -51 -79 -52 10 -22 -23 -34
Purchase of Property, Leasehold Improvements and Equipment
-1.66 -1.70 -1.93 -4.05 -2.00 -1.82 -1.31 -1.81 -1.88 -3.14
Purchase of Investment Securities
-40 -125 -136 -71 -81 -107 -4.87 -54 -39 -48
Sale and/or Maturity of Investments
21 14 13 24 4.18 58 16 34 18 17
Net Cash From Financing Activities
-5.18 70 138 16 72 43 26 -22 56 48
Net Cash From Continuing Financing Activities
-5.18 70 138 16 72 43 26 -22 56 48
Net Change in Deposits
-27 -96 -97 44 -21 164 109 51 204 68
Issuance of Debt
23 278 255 -28 107 3,108 0.00 - - 1,870
Repayment of Debt
7.00 -127 0.00 - - -3,229 -83 -73 -148 -1,890
Cash Interest Paid
4.66 5.64 9.10 15 21 24 25 26 28 27
Cash Income Taxes Paid
2.92 2.54 0.03 5.53 0.11 0.06 0.03 0.24 0.19 0.02

Annual Balance Sheets for Carter Bankshares

This table presents Carter Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Total Assets
4,205 4,513 4,659
Cash and Due from Banks
47 55 131
Trading Account Securities
836 779 718
Loans and Leases, Net of Allowance
3,055 3,409 3,549
Loans and Leases
3,149 3,506 3,625
Allowance for Loan and Lease Losses
94 97 76
Premises and Equipment, Net
72 74 74
Other Assets
194 196 176
Total Liabilities & Shareholders' Equity
4,205 4,513 4,659
Total Liabilities
3,876 4,161 4,275
Non-Interest Bearing Deposits
706 685 634
Interest Bearing Deposits
2,927 3,037 3,519
Long-Term Debt
181 393 70
Other Long-Term Liabilities
43 43 48
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
329 351 384
Total Preferred & Common Equity
329 351 384
Total Common Equity
329 351 384
Common Stock
129 114 115
Retained Earnings
286 309 334
Accumulated Other Comprehensive Income / (Loss)
-86 -71 -65

Quarterly Balance Sheets for Carter Bankshares

This table presents Carter Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
4,114 4,366 4,384 4,452 4,555 4,533 4,613
Cash and Due from Banks
61 81 53 55 108 62 105
Trading Account Securities
853 863 822 793 769 746 743
Loans and Leases, Net of Allowance
2,937 3,154 3,236 3,316 3,413 3,453 3,515
Loans and Leases
3,031 3,249 3,330 3,411 3,509 3,550 3,596
Allowance for Loan and Lease Losses
94 95 94 94 97 97 81
Premises and Equipment, Net
73 72 75 74 73 73 73
Other Assets
185 194 198 213 192 193 172
Total Liabilities & Shareholders' Equity
4,114 4,366 4,384 4,452 4,555 4,533 4,613
Total Liabilities
3,799 4,011 4,040 4,122 4,196 4,168 4,227
Non-Interest Bearing Deposits
719 687 686 661 672 653 629
Interest Bearing Deposits
3,007 2,846 2,891 2,895 3,159 3,228 3,456
Long-Term Debt
30 435 407 514 311 238 90
Other Long-Term Liabilities
44 42 48 51 52 46 48
Total Equity & Noncontrolling Interests
315 355 344 331 359 364 387
Total Preferred & Common Equity
315 355 344 331 359 364 387
Total Common Equity
315 355 344 331 359 364 387
Common Stock
131 127 119 113 114 114 115
Retained Earnings
270 302 307 311 315 320 325
Accumulated Other Comprehensive Income / (Loss)
-86 -73 -82 -94 -70 -70 -53

Annual Metrics and Ratios for Carter Bankshares

This table displays calculated financial ratios and metrics derived from Carter Bankshares' official financial filings.

Metric 2022 2023 2024
Growth Metrics
- - -
Revenue Growth
15.41% -13.03% -3.39%
EBITDA Growth
53.10% -41.44% -3.20%
EBIT Growth
72.89% -53.46% 7.48%
NOPAT Growth
58.65% -53.34% 4.87%
Net Income Growth
58.65% -53.34% 4.87%
EPS Growth
70.59% -50.74% 6.00%
Operating Cash Flow Growth
-8.70% -33.99% -20.95%
Free Cash Flow Firm Growth
-148.24% -376.99% 248.46%
Invested Capital Growth
22.81% 46.24% -38.99%
Revenue Q/Q Growth
8.92% -10.45% 2.92%
EBITDA Q/Q Growth
18.02% -31.11% 34.06%
EBIT Q/Q Growth
24.24% -42.88% 69.89%
NOPAT Q/Q Growth
24.92% -42.80% 70.83%
Net Income Q/Q Growth
24.92% -42.80% 70.83%
EPS Q/Q Growth
27.67% -41.52% 68.25%
Operating Cash Flow Q/Q Growth
8.55% -24.57% 10.72%
Free Cash Flow Firm Q/Q Growth
-133.90% 53.80% -17.64%
Invested Capital Q/Q Growth
47.67% -11.85% -4.72%
Profitability Metrics
- - -
EBITDA Margin
45.87% 30.89% 30.95%
EBIT Margin
38.18% 20.43% 22.73%
Profit (Net Income) Margin
31.00% 16.63% 18.05%
Tax Burden Percent
81.21% 81.42% 79.44%
Interest Burden Percent
100.00% 100.00% 100.00%
Effective Tax Rate
18.79% 18.58% 20.56%
Return on Invested Capital (ROIC)
10.85% 3.73% 4.09%
ROIC Less NNEP Spread (ROIC-NNEP)
10.85% 3.73% 4.09%
Return on Net Nonoperating Assets (RNNOA)
2.76% 3.15% 2.58%
Return on Equity (ROE)
13.61% 6.88% 6.67%
Cash Return on Invested Capital (CROIC)
-9.63% -33.83% 52.52%
Operating Return on Assets (OROA)
1.48% 0.66% 0.67%
Return on Assets (ROA)
1.20% 0.54% 0.53%
Return on Common Equity (ROCE)
13.61% 6.88% 6.67%
Return on Equity Simple (ROE_SIMPLE)
15.25% 6.66% 6.38%
Net Operating Profit after Tax (NOPAT)
50 23 25
NOPAT Margin
31.00% 16.63% 18.05%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
44.18% 53.70% 59.62%
Operating Expenses to Revenue
60.01% 75.02% 80.99%
Earnings before Interest and Taxes (EBIT)
62 29 31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
74 43 42
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.22 0.98 1.06
Price to Tangible Book Value (P/TBV)
1.22 0.98 1.06
Price to Revenue (P/Rev)
2.47 2.44 2.99
Price to Earnings (P/E)
7.98 14.70 16.55
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
12.53% 6.80% 6.04%
Enterprise Value to Invested Capital (EV/IC)
1.05 0.92 0.76
Enterprise Value to Revenue (EV/Rev)
3.30 4.85 2.54
Enterprise Value to EBITDA (EV/EBITDA)
7.20 15.72 8.20
Enterprise Value to EBIT (EV/EBIT)
8.65 23.76 11.17
Enterprise Value to NOPAT (EV/NOPAT)
10.65 29.19 14.05
Enterprise Value to Operating Cash Flow (EV/OCF)
7.54 14.61 9.33
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 1.09
Leverage & Solvency
- - -
Debt to Equity
0.55 1.12 0.18
Long-Term Debt to Equity
0.55 1.12 0.18
Financial Leverage
0.25 0.84 0.63
Leverage Ratio
11.33 12.82 12.47
Compound Leverage Factor
11.33 12.82 12.47
Debt to Total Capital
35.46% 52.83% 15.41%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
35.46% 52.83% 15.41%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
64.54% 47.17% 84.59%
Debt to EBITDA
2.43 9.06 1.67
Net Debt to EBITDA
1.80 7.80 -1.46
Long-Term Debt to EBITDA
2.43 9.06 1.67
Debt to NOPAT
3.60 16.82 2.85
Net Debt to NOPAT
2.67 14.49 -2.49
Long-Term Debt to NOPAT
3.60 16.82 2.85
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-44 -212 315
Operating Cash Flow to CapEx
1,291.34% 476.93% 454.17%
Free Cash Flow to Firm to Interest Expense
-2.20 -2.86 2.94
Operating Cash Flow to Interest Expense
3.50 0.63 0.34
Operating Cash Flow Less CapEx to Interest Expense
3.22 0.50 0.27
Efficiency Ratios
- - -
Asset Turnover
0.04 0.03 0.03
Fixed Asset Turnover
2.19 1.93 1.84
Capital & Investment Metrics
- - -
Invested Capital
509 745 454
Invested Capital Turnover
0.35 0.22 0.23
Increase / (Decrease) in Invested Capital
95 235 -290
Enterprise Value (EV)
534 683 345
Market Capitalization
400 344 406
Book Value per Share
$13.63 $15.30 $16.66
Tangible Book Value per Share
$13.63 $15.30 $16.66
Total Capital
509 745 454
Total Debt
181 393 70
Total Long-Term Debt
181 393 70
Net Debt
134 339 -61
Capital Expenditures (CapEx)
5.48 9.80 8.13
Net Nonoperating Expense (NNE)
0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
181 393 70
Total Depreciation and Amortization (D&A)
12 15 11
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$2.03 $1.00 $1.06
Adjusted Weighted Average Basic Shares Outstanding
24.60M 23.24M 22.82M
Adjusted Diluted Earnings per Share
$2.03 $1.00 $1.06
Adjusted Weighted Average Diluted Shares Outstanding
24.60M 23.24M 22.82M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
23.92M 23.02M 23.13M
Normalized Net Operating Profit after Tax (NOPAT)
50 23 25
Normalized NOPAT Margin
31.00% 16.63% 18.05%
Pre Tax Income Margin
38.18% 20.43% 22.73%
Debt Service Ratios
- - -
EBIT to Interest Expense
3.05 0.39 0.29
NOPAT to Interest Expense
2.47 0.32 0.23
EBIT Less CapEx to Interest Expense
2.78 0.26 0.21
NOPAT Less CapEx to Interest Expense
2.20 0.18 0.15
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
85.65% 70.20% 0.00%

Quarterly Metrics and Ratios for Carter Bankshares

This table displays calculated financial ratios and metrics derived from Carter Bankshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
18.30% 39.14% 35.65% -16.61% -23.97% -34.85% -26.49% 5.94% 4.76% 12.56%
EBITDA Growth
41.10% 105.86% 66.37% -44.90% -64.44% -86.79% -57.91% -2.97% 26.73% 367.32%
EBIT Growth
61.22% 171.19% 92.72% -54.19% -77.30% -110.34% -64.97% 2.88% 59.47% 643.64%
NOPAT Growth
28.95% 178.24% 70.99% -47.08% -74.83% -108.47% -63.55% -15.80% 55.20% 726.18%
Net Income Growth
28.95% 178.24% 70.99% -47.08% -74.83% -112.10% -63.55% -15.80% 55.20% 538.56%
EPS Growth
40.48% 220.00% 86.11% -45.45% -72.88% -110.94% -62.69% -12.50% 50.00% 614.29%
Operating Cash Flow Growth
-42.87% 31.83% 79.91% -50.05% -55.68% -65.90% -21.40% -134.36% 11.32% 45.41%
Free Cash Flow Firm Growth
124.83% -219.31% -705.22% -489.17% -570.61% -199.84% 130.39% 137.36% 175.27% 226.11%
Invested Capital Growth
-20.89% 22.81% 120.33% 124.87% 144.99% 46.24% -15.25% -19.83% -43.55% -38.99%
Revenue Q/Q Growth
12.87% 9.56% -3.28% -30.27% 2.91% -6.12% 9.13% 0.48% 1.77% 0.87%
EBITDA Q/Q Growth
33.00% 2.12% 6.23% -62.68% -14.16% -62.07% 246.41% -13.96% 12.12% 39.85%
EBIT Q/Q Growth
54.47% -1.75% 4.81% -71.95% -23.46% -144.77% 464.47% -17.62% 18.64% 52.62%
NOPAT Q/Q Growth
33.68% 8.34% 2.13% -64.22% -36.41% -136.46% 539.46% -17.35% 17.20% 47.10%
Net Income Q/Q Growth
33.68% 8.34% 2.13% -64.22% -36.41% -152.05% 407.79% -17.35% 17.20% 47.10%
EPS Q/Q Growth
34.09% 8.47% 4.69% -64.18% -33.33% -143.75% 457.14% -16.00% 14.29% 50.00%
Operating Cash Flow Q/Q Growth
45.87% 10.49% -2.85% -68.10% 29.43% -14.98% 123.92% -113.94% 519.36% 11.05%
Free Cash Flow Firm Q/Q Growth
-0.27% -174.88% -426.16% 0.96% -20.60% 52.29% 153.32% 21.78% 142.94% -20.06%
Invested Capital Q/Q Growth
3.19% 47.67% 55.16% -4.89% 12.43% -11.85% -10.08% -10.03% -20.85% -4.72%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
50.17% 46.77% 52.55% 28.13% 23.47% 9.48% 30.09% 25.77% 28.39% 39.36%
EBIT Margin
45.20% 40.53% 45.10% 18.14% 13.49% -6.43% 21.49% 17.62% 20.54% 31.08%
Profit (Net Income) Margin
33.54% 33.16% 35.02% 17.97% 11.10% -6.16% 17.36% 14.28% 16.45% 23.99%
Tax Burden Percent
74.20% 81.82% 77.97% 99.06% 82.30% 99.95% 80.33% 81.08% 80.09% 77.51%
Interest Burden Percent
100.00% 100.00% 99.59% 100.00% 100.00% 95.74% 100.60% 100.00% 100.00% 99.60%
Effective Tax Rate
25.80% 18.18% 22.03% 0.94% 17.70% 0.00% 19.67% 18.92% 19.91% 22.49%
Return on Invested Capital (ROIC)
12.75% 11.61% 10.59% 5.54% 2.93% -0.97% 3.06% 2.75% 3.29% 5.44%
ROIC Less NNEP Spread (ROIC-NNEP)
12.75% 11.61% 10.59% 5.54% 2.93% -1.16% 3.06% 2.75% 3.29% 5.44%
Return on Net Nonoperating Assets (RNNOA)
1.06% 2.96% 6.46% 3.32% 2.47% -0.98% 3.19% 2.51% 2.77% 3.42%
Return on Equity (ROE)
13.81% 14.56% 17.04% 8.86% 5.40% -1.95% 6.25% 5.26% 6.05% 8.86%
Cash Return on Invested Capital (CROIC)
33.60% -9.63% -65.25% -67.35% -77.18% -33.83% 18.32% 23.83% 57.85% 52.52%
Operating Return on Assets (OROA)
1.63% 1.57% 1.84% 0.71% 0.49% -0.21% 0.62% 0.52% 0.60% 0.92%
Return on Assets (ROA)
1.21% 1.29% 1.43% 0.71% 0.41% -0.20% 0.50% 0.42% 0.48% 0.71%
Return on Common Equity (ROCE)
13.81% 14.56% 17.04% 8.86% 5.40% -1.95% 6.25% 5.26% 6.05% 8.86%
Return on Equity Simple (ROE_SIMPLE)
12.74% 0.00% 15.99% 15.01% 12.36% 0.00% 3.69% 3.39% 3.71% 0.00%
Net Operating Profit after Tax (NOPAT)
14 16 16 5.70 3.63 -1.32 5.81 4.80 5.63 8.28
NOPAT Margin
33.54% 33.16% 35.02% 17.97% 11.10% -4.31% 17.36% 14.28% 16.45% 23.99%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
42.21% 43.00% 39.79% 59.04% 57.99% 64.26% 57.36% 58.80% 59.82% 62.40%
Operating Expenses to Revenue
54.62% 58.68% 51.79% 80.46% 83.52% 94.81% 78.46% 81.62% 80.17% 83.63%
Earnings before Interest and Taxes (EBIT)
19 19 21 5.76 4.41 -1.97 7.19 5.92 7.03 11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
22 22 24 8.93 7.67 2.91 10 8.66 9.71 14
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.26 1.22 0.94 1.03 0.88 0.98 0.81 0.95 1.04 1.06
Price to Tangible Book Value (P/TBV)
1.26 1.22 0.94 1.03 0.88 0.98 0.81 0.95 1.04 1.06
Price to Revenue (P/Rev)
2.67 2.47 1.93 2.12 1.86 2.44 2.26 2.67 3.04 2.99
Price to Earnings (P/E)
9.86 7.98 5.90 6.85 7.15 14.70 21.96 28.17 27.95 16.55
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
10.14% 12.53% 16.94% 14.59% 13.99% 6.80% 4.55% 3.55% 3.58% 6.04%
Enterprise Value to Invested Capital (EV/IC)
1.04 1.05 0.87 0.94 0.89 0.92 0.74 0.87 0.81 0.76
Enterprise Value to Revenue (EV/Rev)
2.43 3.30 3.97 4.23 4.78 4.85 3.84 4.02 2.93 2.54
Enterprise Value to EBITDA (EV/EBITDA)
5.73 7.20 8.18 9.20 11.91 15.72 16.69 17.89 12.32 8.20
Enterprise Value to EBIT (EV/EBIT)
7.25 8.65 9.55 10.84 14.94 23.76 32.07 33.72 21.26 11.17
Enterprise Value to NOPAT (EV/NOPAT)
8.97 10.65 12.14 13.70 18.37 29.19 37.23 42.44 26.91 14.05
Enterprise Value to Operating Cash Flow (EV/OCF)
5.52 7.54 8.53 9.62 12.12 14.61 11.77 16.22 11.58 9.33
Enterprise Value to Free Cash Flow (EV/FCFF)
2.74 0.00 0.00 0.00 0.00 0.00 3.69 3.25 1.01 1.09
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.10 0.55 1.23 1.18 1.56 1.12 0.86 0.65 0.23 0.18
Long-Term Debt to Equity
0.10 0.55 1.23 1.18 1.56 1.12 0.86 0.65 0.23 0.18
Financial Leverage
0.08 0.25 0.61 0.60 0.84 0.84 1.04 0.91 0.84 0.63
Leverage Ratio
11.45 11.33 11.90 12.54 13.27 12.82 12.49 12.58 12.64 12.47
Compound Leverage Factor
11.45 11.33 11.85 12.54 13.27 12.28 12.57 12.58 12.64 12.42
Debt to Total Capital
8.70% 35.46% 55.08% 54.19% 60.86% 52.83% 46.37% 39.51% 18.87% 15.41%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
8.70% 35.46% 55.08% 54.19% 60.86% 52.83% 46.37% 39.51% 18.87% 15.41%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
91.30% 64.54% 44.92% 45.81% 39.14% 47.17% 53.63% 60.49% 81.13% 84.59%
Debt to EBITDA
0.48 2.43 5.17 5.29 8.16 9.06 10.50 8.12 2.87 1.67
Net Debt to EBITDA
-0.57 1.80 4.20 4.60 7.28 7.80 6.84 6.01 -0.48 -1.46
Long-Term Debt to EBITDA
0.48 2.43 5.17 5.29 8.16 9.06 10.50 8.12 2.87 1.67
Debt to NOPAT
0.75 3.60 7.67 7.88 12.58 16.82 23.43 19.27 6.27 2.85
Net Debt to NOPAT
-0.89 2.67 6.24 6.85 11.22 14.49 15.27 14.27 -1.04 -2.49
Long-Term Debt to NOPAT
0.75 3.60 7.67 7.88 12.58 16.82 23.43 19.27 6.27 2.85
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
105 -79 -416 -412 -496 -237 126 154 374 299
Operating Cash Flow to CapEx
1,256.76% 1,359.21% 1,165.45% 176.63% 462.69% 432.93% 1,351.26% -135.78% 548.51% 365.03%
Free Cash Flow to Firm to Interest Expense
22.92 -11.80 -37.20 -24.20 -23.09 -9.69 4.93 5.80 13.44 10.92
Operating Cash Flow to Interest Expense
4.54 3.45 2.01 0.42 0.43 0.32 0.69 -0.09 0.37 0.42
Operating Cash Flow Less CapEx to Interest Expense
4.18 3.20 1.84 0.18 0.34 0.25 0.64 -0.16 0.30 0.30
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover
2.00 2.19 2.38 2.26 2.13 1.93 1.76 1.76 1.79 1.84
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
345 509 790 751 845 745 670 602 477 454
Invested Capital Turnover
0.38 0.35 0.30 0.31 0.26 0.22 0.18 0.19 0.20 0.23
Increase / (Decrease) in Invested Capital
-91 95 431 417 500 235 -120 -149 -368 -290
Enterprise Value (EV)
360 534 689 708 751 683 493 524 386 345
Market Capitalization
396 400 335 354 292 344 291 348 401 406
Book Value per Share
$12.81 $13.63 $14.83 $14.38 $14.17 $15.30 $15.60 $15.83 $16.77 $16.66
Tangible Book Value per Share
$12.81 $13.63 $14.83 $14.38 $14.17 $15.30 $15.60 $15.83 $16.77 $16.66
Total Capital
345 509 790 751 845 745 670 602 477 454
Total Debt
30 181 435 407 514 393 311 238 90 70
Total Long-Term Debt
30 181 435 407 514 393 311 238 90 70
Net Debt
-36 134 354 354 459 339 202 176 -15 -61
Capital Expenditures (CapEx)
1.66 1.70 1.93 4.05 2.00 1.82 1.31 1.81 1.88 3.14
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.57 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
30 181 435 407 514 393 311 238 90 70
Total Depreciation and Amortization (D&A)
2.14 2.93 3.39 3.17 3.26 4.88 2.88 2.74 2.69 2.86
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.59 $0.64 $0.67 $0.24 $0.16 ($0.07) $0.25 $0.21 $0.24 $0.36
Adjusted Weighted Average Basic Shares Outstanding
24.27M 24.60M 23.77M 23.51M 22.95M 23.24M 22.77M 22.83M 22.83M 22.82M
Adjusted Diluted Earnings per Share
$0.59 $0.64 $0.67 $0.24 $0.16 ($0.07) $0.25 $0.21 $0.24 $0.36
Adjusted Weighted Average Diluted Shares Outstanding
24.27M 24.60M 23.77M 23.51M 22.95M 23.24M 22.77M 22.83M 22.83M 22.82M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
24.11M 23.92M 23.94M 23.33M 22.96M 23.02M 23.02M 23.07M 23.07M 23.13M
Normalized Net Operating Profit after Tax (NOPAT)
14 16 16 5.70 3.63 -1.32 5.81 4.80 5.63 8.28
Normalized NOPAT Margin
33.54% 33.16% 35.02% 17.97% 11.10% -4.31% 17.36% 14.28% 16.45% 23.99%
Pre Tax Income Margin
45.20% 40.53% 44.91% 18.14% 13.49% -6.16% 21.62% 17.62% 20.54% 30.95%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
4.22 2.85 1.84 0.34 0.21 -0.08 0.28 0.22 0.25 0.39
NOPAT to Interest Expense
3.13 2.33 1.43 0.34 0.17 -0.05 0.23 0.18 0.20 0.30
EBIT Less CapEx to Interest Expense
3.86 2.60 1.67 0.10 0.11 -0.16 0.23 0.16 0.19 0.28
NOPAT Less CapEx to Interest Expense
2.77 2.08 1.25 0.10 0.08 -0.13 0.18 0.11 0.13 0.19
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
100.42% 85.65% 38.46% 39.87% 46.99% 70.20% 106.81% 51.25% 0.00% 0.00%

Frequently Asked Questions About Carter Bankshares' Financials

When does Carter Bankshares's financial year end?

According to the most recent income statement we have on file, Carter Bankshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Carter Bankshares' net income changed over the last 2 years?

Carter Bankshares' net income appears to be on a downward trend, with a most recent value of $24.52 million in 2024, falling from $50.12 million in 2022. The previous period was $23.38 million in 2023. Check out Carter Bankshares' forecast to explore projected trends and price targets.

How has Carter Bankshares revenue changed over the last 2 years?

Over the last 2 years, Carter Bankshares' total revenue changed from $161.65 million in 2022 to $135.83 million in 2024, a change of -16.0%.

How much debt does Carter Bankshares have?

Carter Bankshares' total liabilities were at $4.27 billion at the end of 2024, a 2.7% increase from 2023, and a 10.3% increase since 2022.

How much cash does Carter Bankshares have?

In the past 2 years, Carter Bankshares' cash and equivalents has ranged from $46.87 million in 2022 to $131.17 million in 2024, and is currently $131.17 million as of their latest financial filing in 2024.

How has Carter Bankshares' book value per share changed over the last 2 years?

Over the last 2 years, Carter Bankshares' book value per share changed from 13.63 in 2022 to 16.66 in 2024, a change of 22.2%.

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This page (NASDAQ:CARE) was last updated on 4/9/2025 by MarketBeat.com Staff
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