What is Carter Bankshares Inc's earnings per share (EPS)?

Carter Bankshares Inc (CARE) reported diluted earnings per share of $1.38 for fiscal year 2025. This represents a 30.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Carter Bankshares Inc Financials

CARE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Carter Bankshares Inc (CARE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CARE FY2025 2026-04-22

A slowly expanding balance sheet is producing better asset productivity, but high leverage still dictates how this bank operates.

From FY2023 to FY2025, return on assets improved from 0.5% to 0.7%. Because assets only inched higher over the same period and debt-to-equity moved lower, the earnings recovery looks like better balance-sheet efficiency rather than a larger or more levered balance sheet.

FY2025 operating cash flow of $39.9M exceeded net income of $31.4M, a useful sign that reported profit was backed by cash rather than only accounting marks. With just $8.1M of capital spending, this remains a low fixed-asset business; cash demands come more from funding the balance sheet than from maintaining branches or equipment.

Because debt-to-equity was still 10.6x in FY2025, a small equity base is supporting a much larger asset pool. That is why a return on assets of only 0.7% translated into return on equity of 7.5%: modest changes in asset performance can have an outsized effect on shareholder returns.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Carter Bankshares Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Carter Bankshares Inc's revenue grew a modest 4.6% year-over-year to $20.3M. This slow but positive growth earns a score of 47/100.

Leverage

Carter Bankshares Inc has elevated debt relative to equity (D/E of 10.56), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Carter Bankshares Inc converts 156.6% of revenue into free cash flow ($31.8M). This strong cash generation earns a score of 100/100.

Returns

Carter Bankshares Inc generates a 7.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is up from 6.4% the prior year.

Piotroski F-Score Neutral

6/9

Carter Bankshares Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.27x

For every $1 of reported earnings, Carter Bankshares Inc generates $1.27 in operating cash flow ($39.9M OCF vs $31.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$20.3M

YoY+4.6%

5Y CAGR+2.5%

Carter Bankshares Inc generated $20.3M in revenue in fiscal year 2025. This represents an increase of 4.6% from the prior year.

EBITDA

N/A

Net Income

$31.4M

YoY+27.9%

Carter Bankshares Inc reported $31.4M in net income in fiscal year 2025. This represents an increase of 27.9% from the prior year.

EPS (Diluted)

$1.38

YoY+30.2%

Carter Bankshares Inc earned $1.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$31.8M

YoY+10.4%

Carter Bankshares Inc generated $31.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.4% from the prior year.

Cash & Debt

$105.2M

YoY-19.8%

5Y CAGR-15.3%

Carter Bankshares Inc held $105.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

22M

YoY-4.3%

5Y CAGR-3.5%

Carter Bankshares Inc had 22M shares outstanding in fiscal year 2025. This represents a decrease of 4.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

154.4%

YoY+28.1pp

5Y CAGR+409.3pp

Carter Bankshares Inc's net profit margin was 154.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 28.1 percentage points from the prior year.

Return on Equity

7.5%

YoY+1.1pp

5Y CAGR+17.9pp

Carter Bankshares Inc's ROE was 7.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$20.0M

Carter Bankshares Inc spent $20.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$8.1M

YoY-1.0%

5Y CAGR-4.5%

Carter Bankshares Inc invested $8.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.0% from the prior year.

CARE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$20.3M+4.6%	$19.4M+12.4%	$17.3M-5.8%	$18.3M+4.8%	$17.5M-2.8%	$18.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$57.7M-0.3%	$57.9M+3.7%	$55.9M+6.6%	$52.4M-3.2%	$54.2M+3.4%	$52.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$101.4M-5.5%	$107.3M+44.7%	$74.1M+265.9%	$20.3M-10.8%	$22.7M-36.6%	$35.8M
Income Tax	$8.6M+36.1%	$6.3M+18.9%	$5.3M-54.0%	$11.6M+182.4%	$4.1M+432.1%	$772K
Net Income	$31.4M+27.9%	$24.5M+4.9%	$23.4M-53.3%	$50.1M+58.7%	$31.6M+168.9%	-$45.9M
EPS (Diluted)	$1.38+30.2%	$1.06+6.0%	$1.00-50.7%	$2.03+70.6%	$1.19+168.4%	$-1.74

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$59.2M+2.5%	$57.7M+3.1%	$56.0M	N/A	$56.6M+3.7%	$54.6M+1.0%	$54.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$14.0M-0.4%	$14.1M+3.1%	$13.7M	N/A	$14.6M+2.7%	$14.2M+0.1%	$14.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$25.5M+0.2%	$25.4M-1.9%	$25.9M	N/A	$27.8M+4.9%	$26.5M+3.4%	$25.6M
Income Tax	N/A	$1.7M-18.1%	$2.1M-3.0%	$2.2M	N/A	$1.4M+24.8%	$1.1M-21.2%	$1.4M
Net Income	N/A	$5.4M-36.3%	$8.5M-4.9%	$9.0M	N/A	$5.6M+17.2%	$4.8M-17.3%	$5.8M
EPS (Diluted)	N/A	$0.24-35.1%	$0.37-5.1%	$0.39	N/A	$0.24+14.3%	$0.21-16.0%	$0.25

CARE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.9B+4.1%	$4.7B+3.2%	$4.5B+7.3%	$4.2B+1.7%	$4.1B-1.1%	$4.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$105.2M-19.8%	$131.2M+140.6%	$54.5M+16.3%	$46.9M-83.1%	$277.8M+14.8%	$241.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.2M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$4.4B+3.7%	$4.3B+2.7%	$4.2B+7.4%	$3.9B+4.0%	$3.7B-0.3%	$3.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$419.7M+9.2%	$384.3M+9.4%	$351.2M+6.9%	$328.6M-19.4%	$407.6M-7.4%	$440.2M
Retained Earnings	$365.0M+9.4%	$333.6M+7.9%	$309.1M+8.2%	$285.6M+21.3%	$235.5M-7.5%	$254.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.9B+0.2%	$4.8B+1.2%	$4.8B+1.8%	$4.7B+0.9%	$4.7B+1.0%	$4.6B+1.8%	$4.5B-0.5%	$4.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$105.2M-1.7%	$106.9M+7.0%	$99.9M+12.3%	$89.0M-32.2%	$131.2M+24.9%	$105.0M+70.0%	$61.7M-42.9%	$108.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.2M0.0%	$1.2M0.0%	$1.2M	N/A	$0	N/A	N/A	N/A
Total Liabilities	$4.4B+0.1%	$4.4B+1.1%	$4.4B+1.9%	$4.3B+0.6%	$4.3B+1.1%	$4.2B+1.4%	$4.2B-0.7%	$4.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$419.7M+1.7%	$412.8M+1.8%	$405.6M+1.0%	$401.8M+4.5%	$384.3M-0.6%	$386.8M+6.2%	$364.4M+1.5%	$359.1M
Retained Earnings	$365.0M+2.4%	$356.5M+1.5%	$351.1M+2.5%	$342.6M+2.7%	$333.6M+2.5%	$325.3M+1.8%	$319.7M+1.5%	$314.9M

CARE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$39.9M+7.9%	$36.9M-21.0%	$46.7M-34.0%	$70.8M-8.7%	$77.5M+906.5%	$7.7M
Capital Expenditures	$8.1M-1.0%	$8.1M-17.0%	$9.8M+66.3%	$5.9M-30.6%	$8.5M-16.2%	$10.1M
Free Cash Flow	$31.8M+10.4%	$28.8M-22.0%	$36.9M-43.1%	$64.9M-6.0%	$69.1M+2958.2%	-$2.4M
Investing Cash Flow	-$155.9M-127.9%	-$68.4M+77.7%	-$307.0M+19.6%	-$382.1M-259.2%	-$106.4M-14.0%	-$93.3M
Financing Cash Flow	$90.0M-16.7%	$108.1M-59.7%	$267.9M+233.5%	$80.3M+24.2%	$64.7M-67.9%	$201.7M
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$3.7M
Share Buybacks	$20.0M	$0-100.0%	$16.4M-61.8%	$42.9M+27242.0%	$157K	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$12.1M+2.2%	$11.8M+23.1%	$9.6M+50.5%	$6.4M-44.3%	$11.5M+11.0%	$10.3M+519.4%	-$2.5M-113.9%	$17.6M
Capital Expenditures	$3.1M+99.9%	$1.5M-19.7%	$1.9M+25.9%	$1.5M-51.5%	$3.1M+66.9%	$1.9M+3.8%	$1.8M+38.8%	$1.3M
Free Cash Flow	$9.0M-12.5%	$10.3M+33.8%	$7.7M+58.3%	$4.9M-41.6%	$8.3M-1.4%	$8.4M+297.5%	-$4.3M-126.1%	$16.3M
Investing Cash Flow	-$11.4M+77.1%	-$50.0M-271.8%	-$13.4M+83.4%	-$81.1M-141.1%	-$33.6M-47.3%	-$22.8M-2.9%	-$22.2M-316.6%	$10.2M
Financing Cash Flow	-$2.4M-105.3%	$45.2M+206.5%	$14.7M-54.6%	$32.5M-32.8%	$48.4M-13.3%	$55.8M+356.8%	-$21.7M-184.5%	$25.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.0M+21.5%	$4.9M	N/A	N/A	$0	$0	$0	$0

CARE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	154.4%+28.1pp	126.3%-9.1pp	135.4%-138.0pp	273.4%+92.7pp	180.7%+435.6pp	-254.9%
Return on Equity	7.5%+1.1pp	6.4%-0.3pp	6.7%-8.6pp	15.3%+7.5pp	7.8%+18.2pp	-10.4%
Return on Assets	0.7%+0.1pp	0.5%+0.0pp	0.5%-0.7pp	1.2%+0.4pp	0.8%+1.9pp	-1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.56-0.6	11.12-0.7	11.85+0.1	11.79+2.7	9.14+0.6	8.49
FCF Margin	156.6%+8.2pp	148.4%-65.5pp	213.9%-140.1pp	354.0%-40.9pp	394.9%+408.3pp	-13.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	9.2%-5.6pp	14.7%-1.2pp	16.0%	N/A	10.0%+1.2pp	8.8%-2.0pp	10.8%
Return on Equity	N/A	1.3%-0.8pp	2.1%-0.1pp	2.2%	N/A	1.5%+0.1pp	1.3%-0.3pp	1.6%
Return on Assets	N/A	0.1%-0.1pp	0.2%-0.0pp	0.2%	N/A	0.1%0.0pp	0.1%-0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.56-0.2	10.72-0.1	10.79+0.1	10.70-0.4	11.12+0.2	10.93-0.5	11.44-0.2	11.69
FCF Margin	N/A	17.4%+4.1pp	13.3%+4.6pp	8.7%	N/A	14.9%+22.7pp	-7.8%-38.0pp	30.2%

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Frequently Asked Questions

What is Carter Bankshares Inc's annual revenue?

Carter Bankshares Inc (CARE) reported $20.3M in total revenue for fiscal year 2025. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Carter Bankshares Inc's revenue growing?

Carter Bankshares Inc (CARE) revenue grew by 4.6% year-over-year, from $19.4M to $20.3M in fiscal year 2025.

Is Carter Bankshares Inc profitable?

Yes, Carter Bankshares Inc (CARE) reported a net income of $31.4M in fiscal year 2025, with a net profit margin of 154.4%.

What is Carter Bankshares Inc's net profit margin?

Carter Bankshares Inc (CARE) had a net profit margin of 154.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Carter Bankshares Inc's return on equity (ROE)?

Carter Bankshares Inc (CARE) has a return on equity of 7.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Carter Bankshares Inc's free cash flow?

Carter Bankshares Inc (CARE) generated $31.8M in free cash flow during fiscal year 2025. This represents a 10.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Carter Bankshares Inc's operating cash flow?

Carter Bankshares Inc (CARE) generated $39.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Carter Bankshares Inc's total assets?

Carter Bankshares Inc (CARE) had $4.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Carter Bankshares Inc's capital expenditures?

Carter Bankshares Inc (CARE) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Carter Bankshares Inc buy back shares?

Yes, Carter Bankshares Inc (CARE) spent $20.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Carter Bankshares Inc have outstanding?

Carter Bankshares Inc (CARE) had 22M shares outstanding as of fiscal year 2025.

What is Carter Bankshares Inc's debt-to-equity ratio?

Carter Bankshares Inc (CARE) had a debt-to-equity ratio of 10.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Carter Bankshares Inc's return on assets (ROA)?

Carter Bankshares Inc (CARE) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Carter Bankshares Inc's Piotroski F-Score?

Carter Bankshares Inc (CARE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Carter Bankshares Inc's earnings high quality?

Carter Bankshares Inc (CARE) has an earnings quality ratio of 1.27x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Carter Bankshares Inc?

Carter Bankshares Inc (CARE) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.