# Carter Bankshares, Inc. (CARE)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $654M  
**Price:** $29.12 (+1.39%)

> Carter Bankshares Inc. is a financial holding company that provides a wide array of banking services, primarily serving individual customers, small to medium-sized businesses, and regional industries. Its offerings include traditional banking products such as savings and checking accounts, personal loans, commercial lending, and mortgage services. Additionally, the company provides community-focused financial solutions, emphasizing customer relationships and local impact. Headquartered in Martinsville, Virginia, Carter Bankshares operates through its subsidiary Carter Bank & Trust, which manages network branches across the region. The firm's mission is to deliver personalized banking experiences, fostering economic growth and financial stability within its service areas. Carter Bankshares plays a pivotal role in supporting regional economic development, offering tailored services to meet the unique needs of its diverse clientele base. By maintaining a solid capital foundation and a commitment to technological advancements, Carter Bankshares Inc. continues to establish its presence in the financial industry as a reliable partner for both personal and business banking needs.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $20M | — | — | $31M | — |
| 2024 | $19M | — | — | $25M | — |
| 2023 | $17M | — | — | $23M | — |
| 2022 | $18M | — | — | $50M | — |
| 2021 | $17M | — | — | $32M | — |
| 2020 | $18M | — | — | -$46M | — |
| 2019 | $13M | — | — | $27M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.85B | $4.43B | $420M | — | — |
| 2024 | $4.66B | $4.27B | $384M | — | — |
| 2023 | $4.51B | $4.16B | $351M | — | — |
| 2022 | $4.20B | $3.88B | $329M | — | — |
| 2021 | $4.13B | $3.73B | $408M | $278M | — |
| 2020 | $4.18B | $3.74B | $440M | $242M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $40M | $8M | $32M |
| 2024 | $37M | $8M | $29M |
| 2023 | $47M | $10M | $37M |
| 2022 | $71M | $6M | $65M |
| 2021 | $78M | $8M | $69M |
| 2020 | $8M | $10M | -$2M |
| 2019 | $38M | $8M | $30M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CARE)