Carter Bankshares (CARE) Financials: History & Chart

Carter Bankshares, Inc.(CARE)

Banks - Regional · Martinsville, VA

$30.36-0.19 (-0.62%)

Delayed quote: Oct 6, 2026, 12:20 PM EDT

About Carter Bankshares, Inc.

Carter Bankshares, Inc. functions as the parent company for Carter Bank & Trust, delivering a comprehensive suite of banking solutions. It provides a variety of deposit accounts, including checking, savings, retirement, money market, and longer-term certificates of deposit. The institution also offers diverse loan products, such as secured and unsecured commercial loans, alongside consumer loans for purposes like auto financing, home improvements, education, overdraft protection, and personal investments. Additionally, it originates and holds residential mortgages (both fixed and variable rate), real estate construction and acquisition loans, home equity lines of credit, and credit cards. Beyond lending and deposits, Carter Bank & Trust furnishes other banking conveniences including safe deposit boxes, direct deposit services, extensive online and mobile banking capabilities (featuring bill pay, online account opening, and mobile deposit), debit cards, e-statements, and ATM access. The company further provides title insurance, various financial institution-related products, and treasury and corporate cash management services. Founded in 1974 and based in Martinsville, Virginia, Carter Bankshares, Inc. operates 69 branch locations spanning Virginia and North Carolina.

Martinsville, VA

687 employees

www.carterbank.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Litz H. Van Dyke

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	348.48M	90.22M	130.16M	64.52M	63.58M	61.66M	61.92M	60.90M	61.13M
Cost of Goods Sold	63.23M	23.00M	-10.88M	22.44M	28.68M	22.72M	23.73M	22.32M	27.56M
Gross Profit	285.25M	67.22M	141.04M	42.09M	34.90M	38.94M	38.19M	38.58M	33.57M
Gross Profit Margin	81.9%	74.5%	108.4%	65.2%	54.9%	63.2%	61.7%	63.3%	54.9%
Total Operating Expenses	119.75M	29.99M	31.01M	31.00M	27.75M	28.31M	27.05M	27.90M	26.54M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	74.87M	18.64M	19.78M	20.32M	16.14M	16.53M	16.00M	17.04M	16.72M
Operating Income (EBIT)	165.51M	37.24M	110.03M	11.08M	7.15M	10.63M	11.14M	10.68M	7.03M
Operating Margin	47.5%	41.3%	84.5%	17.2%	11.3%	17.2%	18.0%	17.5%	11.5%
Income Before Tax (EBT)	165.51M	37.24M	110.03M	11.08M	7.15M	10.63M	11.14M	10.68M	7.03M
Interest Income	239.00M	61.49M	59.19M	59.30M	59.03M	57.61M	55.90M	56.38M	56.38M
Interest Expense	94.94M	21.54M	23.25M	24.69M	25.45M	25.39M	25.87M	27.35M	27.80M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	128.57M	28.91M	85.76M	8.48M	5.42M	8.51M	8.95M	8.28M	5.63M
Income Tax Expense	36.94M	8.33M	24.27M	2.60M	1.74M	2.12M	2.18M	2.40M	1.40M
Net Profit Margin	36.9%	32.0%	65.9%	13.1%	8.5%	13.8%	14.5%	13.6%	9.2%
EBITDA	173.80M	39.39M	112.16M	13.13M	9.12M	12.57M	13.05M	12.52M	8.82M
EBITDA Margin	49.9%	43.7%	86.2%	20.3%	14.3%	20.4%	21.1%	20.6%	14.4%
Depreciation & Amortization	8.29M	2.15M	2.13M	2.04M	1.97M	1.94M	1.91M	1.84M	1.79M
EPS Basic	5.88	1.32	3.93	0.39	0.24	0.37	0.39	0.36	0.24
EPS Diluted	5.88	1.32	3.93	0.39	0.24	0.37	0.39	0.36	0.24
Weighted Average Basic Shares	21.84M	21.84M	21.85M	21.86M	22.29M	22.81M	22.87M	23.24M	23.07M
Weighted Average Diluted Shares	21.84M	21.84M	21.85M	21.86M	22.29M	22.81M	22.87M	23.24M	23.07M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	254.63M	239.67M	211.82M	179.15M	156.38M	163.77M	168.38M	157.89M
Cost of Goods Sold	97.57M	102.23M	80.51M	23.18M	24.80M	53.83M	50.18M	54.98M
Gross Profit	157.06M	137.45M	131.31M	155.97M	131.58M	109.94M	118.21M	102.91M
Gross Profit Margin	61.7%	57.3%	62.0%	87.1%	84.1%	67.1%	70.2%	65.2%
Total Operating Expenses	117.05M	106.58M	102.59M	94.25M	95.89M	155.03M	90.42M	88.60M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	75.36M	66.65M	62.45M	55.85M	57.27M	56.34M	60.06M	57.80M
Operating Income (EBIT)	40.00M	30.87M	28.72M	61.72M	35.70M	-45.09M	27.78M	14.31M
Operating Margin	15.7%	12.9%	13.6%	34.4%	22.8%	-27.5%	16.5%	9.1%
Income Before Tax (EBT)	40.00M	30.87M	28.72M	61.72M	35.70M	-45.09M	27.78M	14.31M
Interest Income	232.22M	220.72M	194.96M	160.03M	133.78M	140.72M	158.98M	152.02M
Interest Expense	101.40M	107.27M	74.11M	20.25M	22.71M	35.83M	46.77M	38.11M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	31.36M	24.52M	23.38M	50.12M	31.59M	-45.86M	26.57M	11.90M
Income Tax Expense	8.64M	6.35M	5.34M	11.60M	4.11M	772K	1.21M	2.40M
Net Profit Margin	12.3%	10.2%	11.0%	28.0%	20.2%	-28.0%	15.8%	7.5%
EBITDA	47.86M	37.92M	34.97M	67.78M	41.93M	-38.94M	33.12M	17.99M
EBITDA Margin	18.8%	15.8%	16.5%	37.8%	26.8%	-23.8%	19.7%	11.4%
Depreciation & Amortization	7.86M	7.05M	6.25M	6.06M	6.23M	6.14M	5.33M	3.68M
EPS Basic	1.40	1.06	1.00	2.03	1.20	-1.74	1.01	0.45
EPS Diluted	1.40	1.06	1.00	2.03	1.20	-1.74	1.01	0.45
Weighted Average Basic Shares	22.46M	23.24M	23.24M	24.60M	26.34M	26.38M	26.32M	26.26M
Weighted Average Diluted Shares	22.46M	23.24M	23.24M	24.60M	26.34M	26.38M	26.34M	26.26M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.