Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · Real-Time Price · USD
29.41
+0.82 (2.85%)
Nov 9, 2026, 4:00 PM EST - Market closed
Carter Bankshares Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 37.63 | 105.16 | 131.17 | 54.53 | 46.87 | 277.8 |
Investment Securities | 402.62 | 414.43 | 441.24 | 465.3 | 498.89 | 551.33 |
Trading Asset Securities | 14.57 | 10.18 | 17.36 | 17.44 | 22.97 | 3.51 |
Mortgage-Backed Securities | 317.93 | 287.97 | 288.3 | 313.7 | 337.38 | 371.07 |
Total Investments | 735.12 | 712.59 | 746.9 | 796.44 | 859.25 | 925.91 |
Gross Loans | 3,771 | 3,880 | 3,625 | 3,506 | 3,149 | 2,812 |
Allowance for Loan Losses | -53.55 | -71.49 | -75.6 | -97.05 | -93.85 | -95.94 |
Net Loans | 3,717 | 3,808 | 3,549 | 3,409 | 3,055 | 2,716 |
Property, Plant & Equipment | 69.04 | 82.53 | 84.18 | 81.11 | 78.42 | 78.6 |
Goodwill | 1.19 | 1.19 | - | - | - | - |
Other Intangible Assets | 0.76 | 0.94 | - | - | - | - |
Loans Held for Sale | - | 0.34 | - | - | - | 0.23 |
Restricted Cash | 42.89 | - | - | - | - | - |
Other Real Estate Owned & Foreclosed | 1.23 | 0.14 | 0.66 | 2.46 | 8.39 | 10.92 |
Other Long-Term Assets | 116.55 | 124.13 | 140.57 | 147.51 | 146.79 | 121.76 |
Total Assets | 4,731 | 4,852 | 4,659 | 4,513 | 4,205 | 4,134 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Interest Bearing Deposits | 3,179 | 3,280 | 3,221 | 2,732 | 2,768 | 2,803 |
Institutional Deposits | 290.82 | 310.72 | 297.94 | 304.97 | 159.03 | 147.1 |
Non-Interest Bearing Deposits | 647.59 | 620.47 | 634.44 | 685.22 | 705.54 | 747.91 |
Total Deposits | 4,117 | 4,211 | 4,153 | 3,722 | 3,633 | 3,698 |
Short-Term Borrowings | 12.55 | 10.09 | 17.71 | 17.23 | 40.41 | 3.68 |
Current Portion of Long-Term Debt | - | 138.5 | - | - | - | 7 |
Current Portion of Leases | - | 1.31 | - | - | - | - |
Federal Home Loan Bank Debt, Long-Term | 20 | 40 | 70 | 393.4 | 180.55 | - |
Long-Term Leases | - | 9.62 | - | - | - | 3.4 |
Other Long-Term Liabilities | 54.16 | 21.82 | 33.75 | 28.75 | 22.39 | 13.59 |
Total Liabilities | 4,204 | 4,432 | 4,275 | 4,161 | 3,876 | 3,726 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 22.09 | 22.08 | 23.07 | 22.96 | 23.96 | 26.43 |
Additional Paid-In Capital | 71.02 | 74.81 | 92.16 | 90.64 | 104.69 | 143.99 |
Retained Earnings | 482.96 | 364.97 | 333.61 | 309.08 | 285.59 | 235.48 |
Comprehensive Income & Other | -49.15 | -42.16 | -64.52 | -71.44 | -85.62 | 1.7 |
Shareholders' Equity | 526.92 | 419.7 | 384.31 | 351.24 | 328.63 | 407.6 |
Total Liabilities & Equity | 4,731 | 4,852 | 4,659 | 4,513 | 4,205 | 4,134 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 32.55 | 199.52 | 87.71 | 410.63 | 220.96 | 14.08 |
Net Cash (Debt) | 40.85 | -84.17 | 60.82 | -338.66 | -151.12 | 267.23 |
Net Cash Growth | - | - | - | - | - | 32.70% |
Net Cash Per Share | 1.87 | -3.75 | 2.67 | -14.57 | -6.14 | 10.14 |
Filing Date Shares Outstanding | 21.97 | 22.16 | 23.13 | 23.02 | 23.92 | 25.36 |
Total Common Shares Outstanding | 22.09 | 22.08 | 23.07 | 22.96 | 23.96 | 26.43 |
Book Value Per Share | 23.85 | 19.01 | 16.66 | 15.30 | 13.72 | 15.42 |
Tangible Book Value | 524.97 | 417.56 | 384.31 | 351.24 | 328.63 | 407.6 |
Tangible Book Value Per Share | 23.76 | 18.91 | 16.66 | 15.30 | 13.72 | 15.42 |