Carter Bankshares, Inc. (CARE) vs Third Coast Bancshares, Inc. (TCBX)

Carter Bankshares, Inc. and Third Coast Bancshares, Inc. are both Banks Regional companies. Carter Bankshares, Inc. and Third Coast Bancshares, Inc. are of similar size ($653.2M and $629.2M). Carter Bankshares, Inc. trades at the lower P/E: 4.8× against 8.5×. Carter Bankshares, Inc. grew revenue faster over the last twelve months: 39.7% against 18.0%. Third Coast Bancshares, Inc. has the higher net margin (16.6% vs 0.00%) and the lower return on invested capital (18.6% vs 23.1%). Across the 18 metrics below, Third Coast Bancshares, Inc. leads on 10 and Carter Bankshares, Inc. on 8.

Valuation

Metric CARE TCBX Banks Regional median
P/E 4.81 8.48 12.02
P/S 1.76 1.54 2.36
P/B 1.18 0.97 1.23
Price to free cash flow 12.80 215.38 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 20.81% 11.80% 8.21%
Free cash flow yield 7.82% 0.46% 9.23%

Profitability

Metric CARE TCBX Banks Regional median
Gross margin 74.33% 58.42% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 0.00% 16.61% 18.82%
Free cash flow margin 13.77% 0.72% 17.97%
Return on equity 0.00% 11.86% 10.28%
Return on assets 0.00% 1.19% 1.13%
Return on invested capital 23.13% 18.57% 8.45%

Growth

Metric CARE TCBX Banks Regional median
Revenue growth (TTM) 39.69% 18.01% 6.37%
EPS growth (last fiscal year) 30.19% 36.33% 18.85%
Revenue growth, 5-year CAGR 8.73% 34.06% 12.65%
Net income growth, 5-year CAGR 0.00% 38.41% 9.81%

Health

Metric CARE TCBX Banks Regional median
Debt to equity 0.04 0.00 0.17
Current ratio 0.93 0.96 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CARE TCBX Banks Regional median
Dividend yield 0.70% — 2.49%
Payout ratio 0.03 — 0.29

Size

Metric CARE TCBX Banks Regional median
Market cap 629.16m 653.21m 934.85m

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