Carter Bankshares, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $20.3M | $19.4M | $17.3M | $18.3M | $17.5M |
| Interest expense | — | — | $74.1M | $20.3M | $22.7M |
| Pretax income | $40.0M | $30.9M | $28.7M | $61.7M | $35.7M |
| Income tax expense | $8.6M | $6.3M | $5.3M | $11.6M | $4.1M |
| Net income | $31.4M | $24.5M | $23.4M | $50.1M | $31.6M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | — | $277.8M |
| Total assets | $4.9B | $4.7B | $4.5B | $4.2B | $4.1B |
| Total liabilities | $4.4B | $4.3B | $4.2B | $3.9B | $3.7B |
| Stockholders' equity | $419.7M | $384.3M | $351.2M | $328.6M | $407.6M |
| Cash Flow Statement | |||||
| Cash from operations | $39.9M | $36.9M | $46.7M | $70.8M | $77.5M |
| Depreciation and amortization | $7.9M | $7.1M | $6.2M | $6.1M | $6.2M |
| Stock-based compensation | $2.1M | $1.8M | $1.6M | $1.3M | $1.0M |
| Capital expenditure | $8.1M | $8.1M | $9.8M | $5.9M | $8.5M |
| Free cash flow | $31.8M | $28.8M | $36.9M | $64.9M | $69.1M |
| Dividends paid | — | — | — | $0 | $0 |
| Share repurchases | $20.0M | $0 | $16.4M | $42.9M | $157,000 |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 22.2M · Free float 97.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.