The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.11, supporting a $4.8 billion asset base despite persistent credit risk concerns.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Cash & Short Term Investments | 2.94B | 488.67M | 786.12M | 774.17M | 883.14M | 1.2B | 1.02B | 868.43M | 1.08B | 1.22B | 855.71M | 613.18M | 242.39M | 478.63M | 508.86M | 640.73M | 0 | 0 | 0 | 0 |
| Cash & Due from Banks | 36.96M | 105.16M | 131.17M | 54.53M | 46.87M | 277.8M | 241.94M | 125.81M | 293.56M | 268.61M | 694.78M | 613.18M | 242.39M | 478.63M | 508.86M | 640.73M | 0 | 0 | 0 | 0 |
| Short Term Investments | 662.13M | 383.51M | 654.95M | 719.64M | 836.27M | 922.4M | 778.68M | 742.62M | 782.76M | 947.2M | 160.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 4.35B | 4.51B | 4.21B | 4.13B | 3.89B | 3.64B | 3.71B | 3.61B | 3.45B | 3.6B | 3.58B | 4.03B | 4.12B | 3.91B | 3.66B | 3.07B | 1M | 0 | 1.85M | 0 |
| Investments Growth % | 19.28% | 7.03% | 2.08% | 6.09% | 6.94% | -1.9% | 2.8% | 4.59% | -4.09% | 0.56% | -11.33% | -2.2% | 5.39% | 7.03% | 19.24% | 306552.8% | - | -100% | - | - |
| Long-Term Investments | 15.58B | 4.13B | 3.56B | 3.41B | 3.06B | 2.72B | 2.93B | 2.87B | 2.67B | 2.65B | 3.42B | 4.03B | 4.12B | 3.91B | 3.66B | 3.07B | 1M | 0 | 1.85M | 0 |
| Accounts Receivables | 0 | 0 | 63.45M | 59.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 2.07M | 2.13M | 0 | 0 | 0 | 0 | 0 | 62.19M | 62.19M | 59.76M | 59.8M | 59.83M | 62.31M | 69.75M | 77.2M | 84.68M | 92.16M | 99.64M | 108.6M | 115.07M |
| Goodwill | 1.19M | 1.19M | 0 | 0 | 0 | 0 | 0 | 62.19M | 62.19M | 59.76M | 59.8M | 57.38M | 59.86M | 59.89M | 59.93M | 59.99M | 60.05M | 60.12M | 61.67M | 60.72M |
| Intangible Assets | 874K | 940K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.45M | 2.45M | 9.86M | 17.28M | 24.69M | 32.1M | 39.52M | 46.93M | 54.35M |
| PP&E (Net) | 70.97M | 72.5M | 74.33M | 73.71M | 72.11M | 75.3M | 85.31M | 85.94M | 85.84M | 77.27M | 96.61M | 99.05M | 101.7M | 103.98M | 106.13M | 109.42M | 111.89M | 112.93M | 114.74M | 82.81M |
| Other Assets | 696.25M | 161.82M | 176.02M | 196.44M | 194.2M | 141.83M | 142.59M | 123.83M | 147.83M | 109.8M | 77.41M | 87.95M | 98.79M | 95.76M | 93.51M | 69.06M | 2.92B | 2.88B | 2.3B | 1.89B |
| Total Current Assets | 36.96M | 488.67M | 849.57M | 833.53M | 883.14M | 1.2B | 1.02B | 868.43M | 1.08B | 1.22B | 855.71M | 613.18M | 242.39M | 478.63M | 508.86M | 640.73M | 579.34M | 300M | 274.75M | 561.21M |
| Total Non-Current Assets | 4.76B | 4.36B | 3.81B | 3.68B | 3.32B | 2.93B | 3.16B | 3.14B | 2.96B | 2.9B | 3.65B | 4.28B | 4.39B | 4.18B | 3.93B | 3.33B | 3.13B | 3.09B | 2.53B | 2.09B |
| Total Assets | 4.8B | 4.85B | 4.66B | 4.51B | 4.2B | 4.13B | 4.18B | 4.01B | 4.04B | 4.11B | 4.51B | 4.89B | 4.63B | 4.66B | 4.44B | 3.97B | 3.71B | 3.39B | 2.8B | 2.65B |
| Asset Growth % | 16.71% | 4.14% | 3.25% | 7.33% | 1.71% | -1.09% | 4.32% | -0.83% | -1.77% | -8.73% | -7.94% | 5.7% | -0.68% | 4.94% | 11.89% | 7.13% | 9.36% | 21.01% | 5.54% | - |
| Return on Assets (ROA) | 2.24% | 0.66% | 0.53% | 0.54% | 1.2% | 0.76% | -1.12% | 0.66% | 0.29% | -0.02% | 0.34% | 0.82% | 0.72% | 0.57% | 0.72% | 0.78% | 0.64% | 0.57% | 0.36% | 0.5% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 0 | 178.5M | 70M | 393.4M | 198.42M | 7M | 35M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38K | 1.94M | 1.9M | 1.31M | 2.74M |
| Net Debt | -36.96M | 73.34M | -61.17M | 338.87M | 151.55M | -270.8M | -206.94M | -115.81M | -293.82M | -268.61M | -694.78M | -613.18M | -242.39M | -478.63M | -508.86M | -640.69M | 1.94M | 1.9M | 1.31M | 2.74M |
| Long-Term Debt | 0 | 178.5M | 70M | 393.4M | 180.55M | 7M | 35M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38K | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 17.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.94M | 1.9M | 1.31M | 2.74M |
| Other Liabilities | 4.29B | 42.84M | 51.45M | 45.98M | 44.93M | 20.67M | 19.38M | 18.75M | 12.2M | 10.55M | 7.04M | 12.86M | 18.09M | 17.22M | 21.94M | 20.86M | 2.22B | 2.1B | 1.66B | 1.43B |
| Total Current Liabilities | 4.24B | 4.21B | 4.15B | 3.72B | 3.65B | 3.7B | 3.68B | 3.5B | 3.59B | 3.67B | 4.06B | 4.45B | 4.21B | 4.27B | 4.06B | 3.61B | 1.16B | 978M | 834.69M | 933.09M |
| Total Non-Current Liabilities | 4.29B | 221.34M | 121.45M | 439.38M | 225.48M | 27.67M | 54.38M | 28.75M | 12.2M | 10.55M | 7.04M | 12.86M | 18.09M | 17.22M | 21.94M | 20.9M | 2.22B | 2.1B | 1.66B | 1.43B |
| Total Liabilities | 4.29B | 4.43B | 4.27B | 4.16B | 3.88B | 3.73B | 3.74B | 3.53B | 3.6B | 3.68B | 4.07B | 4.47B | 4.23B | 4.29B | 4.08B | 3.63B | 3.38B | 3.08B | 2.5B | 2.36B |
| Total Equity | 504.9M | 419.7M | 384.31M | 351.24M | 328.63M | 407.6M | 440.17M | 473.11M | 436.21M | 432.13M | 434.65M | 426.55M | 397.89M | 374.94M | 359.36M | 339.52M | 325.57M | 310.8M | 303.53M | 292.42M |
| Equity Growth % | 52.91% | 9.21% | 9.42% | 6.88% | -19.37% | -7.4% | -6.96% | 8.46% | 0.95% | -0.58% | 1.9% | 7.2% | 6.12% | 4.33% | 5.84% | 4.28% | 4.75% | 2.4% | 3.8% | - |
| Equity / Assets (Capital Ratio) | 10.52% | 8.65% | 8.25% | 7.78% | 7.82% | 9.86% | 10.53% | 11.81% | 10.8% | 10.51% | 9.65% | 8.72% | 8.59% | 8.04% | 8.09% | 8.55% | 8.78% | 9.17% | 10.84% | 11.02% |
| Return on Equity (ROE) | 24.82% | 7.8% | 6.67% | 6.88% | 13.61% | 7.45% | -10.04% | 5.85% | 2.74% | -0.16% | 3.71% | 9.5% | 8.66% | 7.1% | 8.68% | 9.05% | 7.16% | 5.79% | 3.26% | 4.5% |
| Book Value per Share | 23.11 | 18.69 | 16.54 | 15.11 | 13.36 | 15.47 | 16.69 | 17.96 | 16.61 | 16.46 | 16.55 | 16.24 | 15.15 | 14.28 | 13.69 | 12.93 | 12.40 | 11.84 | 11.74 | 11.70 |
| Tangible BV per Share | 23.02 | 18.59 | 16.54 | 15.11 | 13.36 | 15.47 | 16.69 | 15.60 | 14.24 | 14.18 | 14.28 | 13.97 | 12.78 | 11.62 | 10.75 | 9.71 | 8.89 | 8.04 | 7.54 | 7.09 |
| Common Stock | 22.16M | 22.08M | 23.07M | 22.96M | 23.96M | 26.43M | 26.39M | 26.33M | 26.27M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 26.26M | 25M |
| Additional Paid-in Capital | 74.99M | 74.81M | 92.16M | 90.64M | 104.69M | 143.99M | 143.46M | 142.49M | 142.18M | 142.18M | 142.18M | 0 | 0 | 0 | 0 | 0 | 142.18M | 142.18M | 142.18M | 131.79M |
| Retained Earnings | 450.73M | 364.97M | 333.61M | 309.08M | 285.59M | 235.47M | 254.61M | 304.16M | 277.83M | 265.93M | 266.21M | 400.29M | 371.64M | 348.68M | 333.11M | 313.26M | 157.14M | 142.36M | 135.09M | 135.63M |
| Accumulated OCI | -42.97M | -42.16M | -64.52M | -71.44M | -85.62M | 1.7M | 15.72M | 127K | -10.07M | -2.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Commercial real estate concentration
As reported in recent financial statements, Carter Bankshares grew total assets to $4.8 billion by 2026Q1, reflecting a deliberate shift in asset composition that prioritizes liquidity and capital preservation over aggressive loan book expansion in the current volatile interest rate environment across the Piedmont region.
The bank's asset growth appears to be driven by a strategic pivot toward higher liquidity, as evidenced by the consistent management of the investment securities portfolio. This trajectory suggests that management is prioritizing balance sheet resilience to mitigate potential idiosyncratic credit risks within their commercial portfolio.
Based on the provided quarterly data, the bank's equity-to-assets ratio reached 0.11 in 2026Q1, indicating a robust capital position that provides a significant cushion against potential credit impairments and aligns with the bank's historically conservative approach to leverage and risk-weighted asset management.
The increase in the equity-to-assets ratio suggests that the bank is successfully retaining earnings to fortify its capital base. This posture appears to be a defensive measure against the potential for lumpy credit losses, effectively insulating the institution from sudden shocks to its tangible common equity.
According to the latest balance sheet figures, the bank maintained a cash and cash equivalents position of $37.0 million in 2026Q1, which, when viewed alongside the broader investment securities portfolio, suggests a focus on maintaining sufficient contingent funding to navigate regional economic fluctuations and potential credit disputes.
The bank's liquidity profile appears designed to withstand periods of earnings volatility, particularly given the historical reliance on large commercial relationships. Investors should monitor whether this liquidity remains sufficient to support operations if the bank faces further provisioning requirements or unexpected outflows related to its commercial loan book.
As indicated by the $34.1 million provision for credit losses recorded in 2026Q1, the bank's balance sheet remains sensitive to large, non-recurring credit events, which warrants further investigation into the underlying collateral quality of the bank's concentrated commercial real estate and acquisition and construction loan exposures.
The volatility in provisioning suggests that the bank's balance sheet is susceptible to sudden impairments from specific legacy commercial relationships. This risk profile implies that headline capital ratios may mask underlying credit quality issues that could necessitate further capital retention if these idiosyncratic exposures continue to deteriorate.
Quick answers to the most common questions about buying CARE stock.
As of 2025, Carter Bankshares, Inc. (CARE) had total assets of $4.85B including $488.7M in current assets.
Carter Bankshares, Inc. (CARE) carries total debt of $178.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Carter Bankshares, Inc. (CARE) has total shareholders' equity (book value) of $419.7M ($18.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Carter Bankshares, Inc. (CARE) reported a current ratio of 0.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.