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CARE logoCarter Bankshares, Inc.(CARE)Earnings, Financials & Key Ratios

CARE•NASDAQ•Banking & Credit
$26.17
$580M mkt cap·18.7× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutCarter 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.Show more
  • Net Interest Income$131M+15.3%
  • Total Revenue$255M+6.2%
  • Net Income$31M+27.9%
  • Return on Equity7.8%+17.0%
  • Net Interest Margin2.7%+10.7%
  • Efficiency Ratio45.97%+3.4%
  • ROA0.66%+23.3%
  • Equity / Assets8.65%+4.9%
  • Book Value per Share18.69+13.0%
  • Tangible BV/Share18.59+12.4%
  • Debt/Equity0.43+133.5%
Technical→

CARE Key Insights

Carter Bankshares, Inc. (CARE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 46.0% efficiency ratio
  • ✓Momentum leader: RS Rating 83 (top 17%)
  • ✓Share count reduced 3.4% through buybacks
  • ✓Trading near 52-week high
  • ✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CARE Price & Volume

Carter Bankshares, Inc. (CARE) stock price & volume — 10-year historical chart

Loading chart...

CARE Growth Metrics

Carter Bankshares, Inc. (CARE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.46%
5 Years9.23%
3 Years12.43%
TTM-

Profit CAGR

10 Years-2.2%
5 Years-
3 Years-14.47%
TTM27.89%

EPS CAGR

10 Years-0.62%
5 Years-
3 Years-11.65%
TTM31.13%

Return on Capital

10 Years3.06%
5 Years6.14%
3 Years3.52%
Last Year1.53%

CARE Recent Earnings

Carter Bankshares, Inc. (CARE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 23, 2026
EPS
$0.40
Est $3.91
-89.8%
Revenue
$107M
Est $121M
-11.3%
Q1 2026
Jan 29, 2026
EPS
$0.41
Est $0.33
+24.2%
Revenue
$40M
Est $41M
-2.0%
Q4 2025
Oct 23, 2025
EPS
$0.26
Est $0.39
-33.3%
Revenue
$38M
Est $41M
-6.4%
Q3 2025
Jul 24, 2025
EPS
$0.41
Est $0.31
+32.3%
Revenue
$40M
Est $39M
+3.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.40vs $3.91-89.8%
$107Mvs $121M-11.3%
Q1 2026Jan 29, 2026
$0.41vs $0.33+24.2%
$40Mvs $41M-2.0%
Q4 2025Oct 23, 2025
$0.26vs $0.39-33.3%
$38Mvs $41M-6.4%
Q3 2025Jul 24, 2025
$0.41vs $0.31+32.3%
$40Mvs $39M+3.5%
Based on last 12 quarters of dataView full earnings history →

CARE Peer Comparison

Carter Bankshares, Inc. (CARE) competitors in Community and retail regional banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NBTB logoNBTBNBT Bancorp Inc.Direct Competitor2.36B45.2013.5710.36%9.51%0.17
UVSP logoUVSPUnivest Financial CorporationDirect Competitor1.1B38.7612.273.58%9.82%0.37
NFBK logoNFBKNorthfield Bancorp, Inc.Direct Competitor587.44M14.0519.5113.88%5.48%1.08
MNSB logoMNSBMainStreet Bancshares, Inc.Direct Competitor175.12M23.3613.27-1.44%7.26%0.32
NKSH logoNKSHNational Bankshares, Inc.Direct Competitor233.78M36.7114.747.88%9.04%0.01
UBSI logoUBSIUnited Bankshares, Inc.Product Competitor6.11B43.7213.3712.33%8.6%0.17
FXNC logoFXNCFirst National CorporationProduct Competitor248.63M27.5014.0327.11%9.98%0.23
CFFI logoCFFIC&F Financial CorporationProduct Competitor240.93M74.008.9311.78%10.82%0.44

Compare CARE vs Peers

Carter Bankshares, Inc. (CARE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NBTB

Most directly comparable listed peer for CARE.

Scale Benchmark

vs NTRS

Larger-name benchmark to compare CARE against a more recognizable public peer.

Peer Set

Compare Top 5

vs NBTB, UVSP, NFBK, MNSB

CARE Income Statement

Carter Bankshares, Inc. (CARE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income106.97M113.91M112.2M104.9M111.06M139.77M120.85M113.44M130.82M
NII Growth %5.64%6.48%-1.49%-6.51%5.88%25.85%-13.54%-6.13%15.32%
Net Interest Margin %2.6%2.82%2.8%2.51%2.69%3.32%2.68%2.43%2.7%
Interest Income144.08M152.02M158.98M140.72M133.78M160.03M194.96M220.72M232.22M
Interest Expense37.11M38.11M46.77M35.83M22.71M20.25M74.11M107.27M101.4M
Loan Loss Provision43.2M16.87M3.4M18.01M2.08M2.93M6.4M-5.05M-3.83M
Non-Interest Income246K5.87M9.41M23.05M22.6M19.12M16.86M18.96M22.4M
Non-Interest Income %0.17%3.72%5.59%14.07%14.45%10.67%7.96%7.91%8.8%
Total Revenue
144.33M▲ 0%
157.89M▲ 9.4%
168.38M▲ 6.6%
163.77M▼ 2.7%
156.38M▼ 4.5%
179.15M▲ 14.6%
211.82M▲ 18.2%
239.67M▲ 13.1%
254.63M▲ 6.2%
Revenue Growth %-1.59%9.4%6.64%-2.74%-4.51%14.56%18.24%13.15%6.24%
Non-Interest Expense82.23M88.6M90.42M155.03M95.89M94.25M102.59M106.58M117.05M
Efficiency Ratio56.98%56.11%53.7%94.66%61.32%52.61%48.43%44.47%45.97%
Operating Income
-18.21M▲ 0%
14.31M▲ 178.6%
27.78M▲ 94.2%
-45.09M▼ 262.3%
35.7M▲ 179.2%
61.72M▲ 72.9%
28.72M▼ 53.5%
30.87M▲ 7.5%
40M▲ 29.6%
Operating Margin %-12.62%9.06%16.5%-27.53%22.83%34.45%13.56%12.88%15.71%
Operating Income Growth %-203.34%178.56%94.19%-262.27%179.18%72.89%-53.46%7.48%29.58%
Pretax Income
-18.21M▲ 0%
14.31M▲ 178.6%
27.78M▲ 94.2%
-45.09M▼ 262.3%
35.7M▲ 179.2%
61.72M▲ 72.9%
28.72M▼ 53.5%
30.87M▲ 7.5%
40M▲ 29.6%
Pretax Margin %-12.62%9.06%16.5%-27.53%22.83%34.45%13.56%12.88%15.71%
Income Tax-17.53M2.4M1.21M772K4.11M11.6M5.34M6.35M8.64M
Effective Tax Rate %96.26%16.79%4.35%-1.71%11.51%18.79%18.58%20.56%21.6%
Net Income
-681K▲ 0%
11.9M▲ 1848.2%
26.57M▲ 123.2%
-45.86M▼ 272.6%
31.59M▲ 168.9%
50.12M▲ 58.7%
23.38M▼ 53.3%
24.52M▲ 4.9%
31.36M▲ 27.9%
Net Margin %-0.47%7.54%15.78%-28%20.2%27.98%11.04%10.23%12.32%
Net Income Growth %-104.26%1848.16%123.23%-272.56%168.89%58.65%-53.34%4.87%27.89%
Net Income (Continuing)-681K11.9M26.57M-45.86M31.59M50.12M23.38M24.52M31.36M
EPS (Diluted)
-0.03▲ 0%
0.45▲ 1600.0%
1.01▲ 124.4%
-1.74▼ 272.3%
1.20▲ 169.0%
2.03▲ 69.2%
1.00▼ 50.7%
1.06▲ 6.0%
1.40▲ 32.1%
EPS Growth %-104.92%1600%124.44%-272.28%168.97%69.17%-50.74%6%32.08%
EPS (Basic)-0.030.451.01-1.741.202.031.001.061.40
Diluted Shares Outstanding26.26M26.26M26.34M26.38M26.34M24.6M23.24M23.24M22.46M

CARE Balance Sheet

Carter Bankshares, Inc. (CARE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments1.22B1.08B868.43M1.02B1.2B883.14M774.17M786.12M796.77M
Cash & Due from Banks268.61M293.56M125.81M241.94M277.8M46.87M54.53M131.17M105.16M
Short Term Investments947.2M782.76M742.62M778.68M922.4M836.27M719.64M654.95M691.61M
Total Investments3.6B3.45B3.61B3.71B3.64B3.89B4.13B4.21B4.51B
Investments Growth %0.56%-4.09%4.59%2.8%-1.9%6.94%6.09%2.08%7.03%
Long-Term Investments2.65B2.67B2.87B2.93B2.72B3.06B3.41B3.56B4.13B
Accounts Receivables00000059.36M63.45M0
Goodwill & Intangibles59.76M62.19M62.19M000002.13M
Goodwill59.76M62.19M62.19M000001.19M
Intangible Assets00000000940K
PP&E (Net)77.27M85.84M85.94M85.31M75.3M72.11M73.71M74.33M72.5M
Other Assets109.8M147.83M123.83M142.59M141.83M194.2M196.44M176.02M545.33M
Total Current Assets1.22B1.08B868.43M1.02B1.2B883.14M833.53M849.57M105.31M
Total Non-Current Assets2.9B2.96B3.14B3.16B2.93B3.32B3.68B3.81B4.75B
Total Assets
4.11B▲ 0%
4.04B▼ 1.8%
4.01B▼ 0.8%
4.18B▲ 4.3%
4.13B▼ 1.1%
4.2B▲ 1.7%
4.51B▲ 7.3%
4.66B▲ 3.2%
4.85B▲ 4.1%
Asset Growth %-8.73%-1.77%-0.83%4.32%-1.09%1.71%7.33%3.25%4.14%
Return on Assets (ROA)-0.02%0.29%0.66%-1.12%0.76%1.2%0.54%0.53%0.66%
Accounts Payable000000000
Total Debt0010M35M7M198.42M393.4M70M178.5M
Net Debt-268.61M-293.82M-115.81M-206.94M-270.8M151.55M338.87M-61.17M73.34M
Long-Term Debt0010M35M7M180.55M393.4M70M178.5M
Short-Term Debt0000017.87M000
Other Liabilities10.55M12.2M18.75M19.38M20.67M44.93M45.98M51.45M4.25B
Total Current Liabilities3.67B3.59B3.5B3.68B3.7B3.65B3.72B4.15B139.81M
Total Non-Current Liabilities10.55M12.2M28.75M54.38M27.67M225.48M439.38M121.45M4.43B
Total Liabilities3.68B3.6B3.53B3.74B3.73B3.88B4.16B4.27B4.43B
Total Equity
432.13M▲ 0%
436.21M▲ 0.9%
473.11M▲ 8.5%
440.17M▼ 7.0%
407.6M▼ 7.4%
328.63M▼ 19.4%
351.24M▲ 6.9%
384.31M▲ 9.4%
419.7M▲ 9.2%
Equity Growth %-0.58%0.95%8.46%-6.96%-7.4%-19.37%6.88%9.42%9.21%
Equity / Assets (Capital Ratio)10.51%10.8%11.81%10.53%9.86%7.82%7.78%8.25%8.65%
Return on Equity (ROE)-0.16%2.74%5.85%-10.04%7.45%13.61%6.88%6.67%7.8%
Book Value per Share16.4616.6117.9616.6915.4713.3615.1116.5418.69
Tangible BV per Share14.1814.2415.6016.6915.4713.3615.1116.5418.59
Common Stock26.26M26.27M26.33M26.39M26.43M23.96M22.96M23.07M22.08M
Additional Paid-in Capital142.18M142.18M142.49M143.46M143.99M104.69M90.64M92.16M74.81M
Retained Earnings265.93M277.83M304.16M254.61M235.47M285.59M309.08M333.61M364.97M
Accumulated OCI-2.24M-10.07M127K15.72M1.7M-85.62M-71.44M-64.52M-42.16M
Treasury Stock000000000
Preferred Stock000000000

CARE Cash Flow Statement

Carter Bankshares, Inc. (CARE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations44.26M49.4M38.29M7.7M77.54M70.79M46.73M36.94M39.86M
Operating CF Growth %35.55%11.61%-22.5%-79.88%906.46%-8.7%-33.99%-20.95%7.92%
Net Income-681K11.9M26.57M-45.86M31.59M50.12M23.38M24.52M31.36M
Depreciation & Amortization3.15M3.68M5.33M6.14M6.23M6.06M6.25M7.05M0
Deferred Taxes-10.37M8.91M2.19M-539K4.82M4.25M2.47M3.21M0
Other Non-Cash Items56.71M26.65M-7.08M72.78M28.25M9.77M14.49M-1.43M8.97M
Working Capital Changes-4.54M-1.75M10.89M-25.84M5.61M-722K-1.43M1.83M-470K
Cash from Investing-76.2M54.24M-129.36M-93.27M-106.36M-382.07M-307.01M-68.4M-155.91M
Purchase of Investments-434.94M-201.24M-534.14M-277.64M-466.65M-135.63M-24.94M-25.13M0
Sale/Maturity of Investments364.45M352.34M588.7M267.02M307.25M104.47M92.22M81.41M0
Net Investment Activity-70.49M151.1M54.57M-10.62M-159.4M-31.16M67.29M56.28M0
Acquisitions0000-73.92M0000
Other Investing-2.18M-82.25M-175.47M-72.53M135.45M-345.02M-364.5M-116.55M-155.91M
Cash from Financing-394.22M-78.43M-76.94M201.69M64.67M80.35M267.94M108.11M90.04M
Dividends Paid000-3.69M00000
Share Repurchases0000-157K-42.93M-16.42M0-20M
Stock Issued000000000
Net Stock Activity0000-157K-42.93M-16.42M0-20M
Debt Issuance (Net)001000K1000K-1000K1000K1000K-1000K1000K
Other Financing-394.22M-78.43M-86.94M180.38M92.83M-50.27M89.38M431.51M1.54M
Net Change in Cash
-426.16M▲ 0%
25.21M▲ 105.9%
-168.01M▼ 766.4%
116.13M▲ 169.1%
35.86M▼ 69.1%
-230.93M▼ 744.0%
7.66M▲ 103.3%
76.64M▲ 900.5%
-26.01M▼ 133.9%
Exchange Rate Effect000000000
Cash at Beginning694.78M268.61M293.82M125.81M241.94M277.8M46.87M54.53M131.17M
Cash at End268.61M293.82M125.81M241.94M277.8M46.87M54.53M131.17M105.16M
Interest Paid37.82M37.92M46.17M36.7M23.47M19.34M69.12M106.34M102.65M
Income Taxes Paid1.68M175K220K416K2.72M5.79M5.72M478K3.72M
Free Cash Flow
40.72M▲ 0%
34.79M▼ 14.6%
29.83M▼ 14.2%
-2.42M▼ 108.1%
69.05M▲ 2958.2%
64.9M▼ 6.0%
36.93M▼ 43.1%
28.8M▼ 22.0%
31.81M▲ 10.4%
FCF Growth %28.01%-14.57%-14.25%-108.1%2958.2%-6.01%-43.09%-22.01%10.42%

CARE Banking Ratios

Carter Bankshares, Inc. (CARE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)3.71%-0.16%2.74%5.85%-10.04%7.45%13.61%6.88%6.67%7.8%
Return on Assets (ROA)0.34%-0.02%0.29%0.66%-1.12%0.76%1.2%0.54%0.53%0.66%
Net Interest Margin2.25%2.6%2.82%2.8%2.51%2.69%3.32%2.68%2.43%2.7%
Efficiency Ratio44.28%56.98%56.11%53.7%94.66%61.32%52.61%48.43%44.47%45.97%
Equity / Assets9.65%10.51%10.8%11.81%10.53%9.86%7.82%7.78%8.25%8.65%
Book Value / Share16.5516.4616.6117.9616.6915.4713.3615.1116.5418.69
NII Growth-3.17%5.64%6.48%-1.49%-6.51%5.88%25.85%-13.54%-6.13%15.32%
Dividend Payout49.3%---------

CARE SEC Filings & Documents

Carter Bankshares, Inc. (CARE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Apr 23, 2026·SEC

Material company update

Mar 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 5, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 4, 2025·SEC

FY 2025

May 8, 2025·SEC

CARE Frequently Asked Questions

Carter Bankshares, Inc. (CARE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Carter Bankshares, Inc. (CARE) grew revenue by 6.2% over the past year. This is steady growth.

Yes, Carter Bankshares, Inc. (CARE) is profitable, generating $31.4M in net income for fiscal year 2025 (12.3% net margin).

Dividend & Returns

Carter Bankshares, Inc. (CARE) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.

Industry Metrics

Carter Bankshares, Inc. (CARE) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Carter Bankshares, Inc. (CARE) has an efficiency ratio of 46.0%. This is excellent, indicating strong cost control.

Explore More CARE

Carter Bankshares, Inc. (CARE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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