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Carter Bankshares, Inc.

CARE Financial Banks Regional

Carter Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $254.6 million, up 4.74% from fiscal 2024.

Revenue
+3.92%
EPS
+45.8%
Free cash flow
−100.1%
Total debt
−63.6%

Quarter to September 2026, against a year earlier

28.69 0.21 +0.74%
Market cap
$629.2M
P/E
4.8×
Fwd P/E
5.1×
Dividend yield
0.70%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.12
Sold, $m 0.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — —
Sell — — — — — 2 — 2 — 1 — —
Insider Ownership 3.22%

Capital & Financial Ratios $m

Size
Market Cap 629.16
Revenue ttm 351.97
Net income ttm 130.91
Free cash flow ttm 48.48
Net debt Q (81.72)
Valuation
P/E 4.81
Forward P/E 5.14
Price / sales 1.76
Forward P/S Powerpack
Price / FCF 12.80
Price / book 1.18
Financial health
Current ratio Q 0.93
Debt / equity Q 0.04
Interest coverage Q —
Growth
Revenue growth Q +3.92% (above 0%: growing)
Operating income growth Q −10.83% (below 0%: shrinking)
EPS, this year +338.13% (at or above 15%: strong)
EPS, next year A −60.60% (below 0%: weak)
Revenue, next year A +1.91%
EPS, past 5 yrs —
EPS, next 5 yrs A +25.83% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 0.18%
10-year low 10-year high
P/S against its own 10 years 50.72%
10-year low 10-year high
P/B against its own 10 years 84.65%
10-year low 10-year high

Dividends

Yield
0.70%
Annual rate
0.20
Payout ratio
3.38%
Growth, 2016–25
−100.0%/yr
  1. 0.30 ’16
  2. 0.00 ’18 −100
  3. 0.00 ’19
  4. 0.00 ’20
  5. 0.00 ’21
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
  9. 0.00 ’25
  10. 0.30 ’26e
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 55 131 105 102
Receivables — — — —
Inventory — — — —
Other — — — —
3,463 3,680 3,914 3,819
2023 2024 2025 Q'26
Payables 3,722 4,153 4,211 4,117
ST’ Debt — — — —
Other — — — —
3,722 4,153 4,211 4,117

Compound Annual Growth %

10y 5y 3y
Sales — 8.73% 11.86%
Cash Flow — 38.92% (17.42%)
Earnings — 0.00% (14.63%)
Book Value — (0.95%) 8.50%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.54 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.33 0.41 Beat by 0.08
Q1 FY26 3.91 0.40 Miss by 3.51
Q2 FY26 0.41 0.53 Beat by 0.12
Q3 FY26 0.54 0.35 Miss by 0.19
Q4 FY26 0.55 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.88 1.31 0.35 — —
’25 0.39 0.37 0.24 0.38 1.38
’24 0.25 0.21 0.24 0.36 1.06
’23 0.67 0.24 0.16 (0.08) 1.00
’22 0.36 0.44 0.59 0.65 2.03
’21 0.36 0.21 0.42 0.21 1.20
’20 0.17 0.17 (2.19) 0.11 (1.74)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 130 90 67 — —
’25 63 63 65 65 255
’24 59 60 62 62 243
’23 57 49 54 55 215
’22 38 43 48 54 182
’21 42 40 42 39 163
’20 45 42 42 39 168
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 304 (261) 2 — —
’25 6 10 12 12 40
’24 18 (2) 10 11 37
’23 22 7 9 8 47
’22 12 14 21 23 71
’21 0 23 37 18 78
’20 (5) 14 (20) 19 8
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 302 (263) 0 — —
’25 5 8 10 9 32
’24 16 (3) 7 8 29
’23 21 3 7 6 37
’22 12 13 19 21 65
’21 (1) 21 34 15 69
’20 (10) 12 (22) 17 (2)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 160 157 169 176 168 163 182 215 243 255 352 +5.3% 260 204 260 +0.6%
Gross margin, % 71.04 76.31 77.45 73.42 78.61 86.05 88.87 65.48 55.87 60.18 74.33 (10.9) pt
EBT 18 (18) 14 28 (45) 36 62 29 31 40 165 +9.5%
EBT margin, % 11.01 (11.62) 8.47 15.79 (26.91) 21.93 33.93 13.38 12.70 15.71 46.80 +4.7 pt
Net income 16 (1) 12 27 (46) 32 50 23 25 31 131 +7.8%
Per share, $
Per share, $ Revenue 6.10 5.97 6.44 6.70 6.35 6.18 7.40 9.24 10.65 11.34 16.14 +7.1%
Earnings 0.61 (0.03) 0.45 1.01 (1.74) 1.20 2.03 1.00 1.06 1.38 5.92 +9.5%
Cash flow 1.24 1.69 1.88 1.46 0.29 2.94 2.88 2.01 1.62 1.78 2.61 +4.0%
Capex (0.03) (0.13) (0.56) (0.28) (0.38) (0.32) (0.22) (0.42) (0.36) (0.36) (0.39) +30.8%
Free cash flow 1.21 1.55 1.32 1.18 (0.09) 2.62 2.66 1.59 1.26 1.42 2.22 +1.8%
Book value 0.00 16.46 16.61 18.02 16.69 15.47 13.36 15.11 16.84 18.69 24.17 n/m
Shares, m 26 26 26 26 26 26 25 23 23 22 22 (1.7%)
Valuation, ×
Valuation, × P/E 21.64 29.74 14.56 55.16 0.00 12.83 8.04 15.03 16.59 14.25 4.81 18.8
P/S 0.00 0.00 0.00 0.00 1.69 2.49 2.22 1.61 1.65 1.73 1.76 1.1
P/B 0.00 0.00 0.89 1.30 0.64 0.99 1.23 0.98 1.04 1.05 1.18 0.8
EV/Sales 0.00 0.00 0.00 0.00 0.45 0.83 2.95 3.19 1.40 2.02 — 1.1
EV/FCF 0.00 0.00 0.81 6.57 (31.39) 1.95 8.23 18.54 11.81 16.19 — 3.3
Cash, $m
Cash, $m Operating cash flow 33 44 49 38 8 78 71 47 37 40 57 +2.2%
Capex (1) (4) (15) (7) (10) (8) (5) (10) (8) (8) (8) +28.5%
Free cash flow 32 41 35 31 (2) 69 65 37 29 32 48 0.0%
Balance, $m
Balance, $m Working capital — (751) (630) (513) (514) (704) (548) (259) (473) (297) (298) (10.9%)
Net debt — (269) (294) (116) (207) (271) 134 339 (61) 73 (82) n/m
Shareholders’ equity — 432 436 473 440 408 329 351 384 420 527 (0.4%)
Returns, %
Returns, % ROA 0.78 (0.03) 0.29 0.66 (1.12) 0.76 1.20 0.53 0.53 0.65 0.00 (0.1) pt
ROIC 0.00 (5.44) 8.13 5.29 (12.06) 17.96 8.34 2.60 5.97 5.07 23.13 +5.1 pt
ROE 3.69 (0.16) 2.74 5.83 (10.04) 7.42 13.53 6.82 6.60 7.71 0.00 +4.0 pt
People
People Employees — — 992 — 828 731 672 679 680 687 — (5.1%)
Revenue/emp, $m 0.00 0.00 0.17 0.00 0.20 0.22 0.27 0.32 0.36 0.37 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Carter Bankshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ACNB ACNB Corporation $666.0M 12.1× 11.3× +6.05% (above 0%: growing) +8.39% (above 0%: growing) −101.87% (below 0%: shrinking) 81.15% 0.00% Compare
CCB Coastal Financial Corporation $661.2M — (loss-making) 1,443× +37.72% (above 0%: growing) 0.00% −104.10% (below 0%: shrinking) 85.92% 0.00% Compare
MSBI Midland States Bancorp, Inc. $657.4M 14.0× 9.6× −1.90% (below 0%: shrinking) +295.83% (above 0%: growing) −51.81% (below 0%: shrinking) 73.94% 0.00% Compare
WCCB West Coast Community Bancorp $656.7M 12.3× 11.3× +4.43% (above 0%: growing) −4.88% (below 0%: shrinking) — 100.00% 0.00% Compare
TCBX Third Coast Bancshares, Inc. $653.2M 8.5× 10.3× +17.59% (above 0%: growing) −6.48% (below 0%: shrinking) −64.01% (below 0%: shrinking) 58.27% 0.00% Compare
CARE Carter Bankshares, Inc. $629.2M 4.8× 5.1× +3.92% (above 0%: growing) +45.83% (above 0%: growing) −100.05% (below 0%: shrinking) 68.91% 0.00%
FBIZ First Business Financial Services, Inc. $623.6M 11.0× 11.4× +2.14% (above 0%: growing) +14.71% (above 0%: growing) −71.53% (below 0%: shrinking) 63.38% 0.00% Compare
GCBC Greene County Bancorp, Inc. $612.9M 14.9× — +7.97% (above 0%: growing) +21.82% (above 0%: growing) +40.48% (above 0%: growing) 67.04% 0.00% Compare
KRNY Kearny Financial $586.3M 15.6× 12.1× +1.22% (above 0%: growing) +6.67% (above 0%: growing) +147.69% (above 0%: growing) 50.63% 0.00% Compare
Median of peers $655.0M 12.3× 11.3× +5.24% +7.53% −64.01% 70.49% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 15 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.36m 1.38m 183.40
2024 1.31m 1.38m 164.09
2023 784.63k 798.30k 139.65
2022 1.26m 1.26m 154.76
2021 934.33k 890.96k 143.56

Ownership

Directors and executive officers, together 2.38%
BlackRock, Inc.50 Hudson Yards New York, NY 7.81%
Fourthstone LLCL. Phillip Stone, IV, Managing Member and Beneficial Owner575 Maryville Centre Drive, Suite 5.58%
The Vanguard Group100 Vanguard BoulevardMalvern, PA 5.54%
Dimensional Fund Advisors LP6300 Bee Cave Road, Building One Austin, TX 5.07%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Carter Bankshares, Inc. (CARE) Latest News

29 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

23 Jul

Impact 3 ·
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14 Jul

Impact 3 ·

23 Apr

Impact 4 · · ACCESS Newswire
Impact 3 · · Zacks

2 Feb

Impact 4 · · Simply Wall St.

29 Jan

Impact 4 · · Zacks
Impact 4 · · ACCESS Newswire
Impact 3 · · Zacks

10 Dec

Impact 4 · · Business Wire

5 Dec

Impact 4 · · Simply Wall St.

28 Nov

Impact 3 · · Zacks

20 Nov

Impact 3 · · Business Wire

13 Nov

Impact 4 · · Business Wire

25 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 3 ·
Impact 3 · · Zacks
Impact 3 · · ACCESS NewswireGuruFocus.comGuruFocus.comGuruFocus.comZacksGuruFocus.comZacksZacks

29 Sep

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

16 Sep

Impact 3 ·

2 Sep

Impact 3 ·

25 Aug

Impact 4 · · Zacks

19 Aug

Impact 4 ·

29 Jul

Impact 4 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
stockrow.com/CARE · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com