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Carter Bank and Trust

Carter Bank and Trust

CARE · NASDAQ · Financial Services / Banks - Regional

29.32USD+0.22 (+0.76%)

Price History

Full chart

Market Stats

Previous Close29.10
Open29.28
Day Range28.82 – 29.40
52-Week Range16.67 – 35.95
Volume125.30K
Market Cap702.10M
P/E (TTM)5.23
Forward P/E13.66
EPS5.80
Dividend Yield1.33%
Beta0.50
50-Day Avg32.25
200-Day Avg26.13

About

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States. It offers various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also provides commercial loans, such as secured and unsecured, real estate construction and acquisition, and commercial and industrial loans; consumer loans, such as automobiles, home improvements, education, overdraft protection, and personal, and residential mortgages loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it offers other banking services that include safe deposit boxes, direct deposit of payroll, social security checks, and debit cards; online banking products, including online and mobile banking, online account opening, bill payment, electronic statement, mobile deposit, Zelle, credit monitoring tools, digital wallet, MoneyPass, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Litz H. Van Dyke
  • Employees687
  • Headquarters1300 Kings Mountain Road, Martinsville, VA, United States, 24112, USA
  • Websitehttps://www.carterbank.com

Leadership

  • Mr. Litz H. Van DykeCEO & Director · b. 1964
  • Ms. Phyllis Q. KaravatakisVice Chairman · b. 1956
  • Ms. Wendy S. BellSenior EVP & Chief Financial Officer · b. 1964
  • Ms. Kimberly Dempsey SchaufenbuelExecutive VP & Chief Human Resources Officer
  • Mr. A. Loran AdamsExecutive VP & Director of Regulatory Risk Management · b. 1962
  • Mr. Jayson PhilbeckSenior Vice President of Commercial Banking
  • Mr. Brad WilsonSenior VP & Commercial Market Executive
  • Ms. Joyce A. ParkerSecretary
  • Misty PowellAssistant Vice President
  • Bill HubbleVice President and Managing Officer of Blacksburg Office

Financials

Income Statement

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue21.49M157.22M150.89M158.11M165.78M164.60M168.15M158.22M159.12M164.57M146.66M144.33M157.89M168.38M163.77M156.38M179.15M211.82M239.67M254.63M
Growth (%)-+631.46%-4.03%+4.79%+4.85%-0.71%+2.16%-5.91%+0.57%+3.43%-10.88%-1.59%+9.40%+6.65%-2.74%-4.51%+14.56%+18.24%+13.15%+6.24%
Cost of Revenue21.49M157.22M150.89M158.11M68.73M58.45M58.90M55.49M48.33M51.10M64.10M80.31M54.98M50.18M53.83M24.80M23.18M80.51M102.23M97.57M
Gross Profit---85.63M97.06M106.14M109.25M102.73M110.79M113.48M82.56M64.02M102.91M118.21M109.94M131.58M155.97M131.31M137.45M157.06M
Gross Margin---54.16%58.54%64.49%64.97%64.93%69.63%68.95%56.29%44.36%65.18%70.20%67.13%84.14%87.06%61.99%57.35%61.68%
Operating Expense---67.52M70.00M67.86M68.13M67.57M67.50M64.08M64.94M82.23M88.60M90.42M155.03M95.89M94.25M102.59M106.58M117.05M
Operating Income2.67M16.29M9.92M18.11M27.06M38.28M41.12M35.16M43.28M49.40M17.62M-18.21M14.31M27.78M-45.09M35.70M61.72M28.72M30.87M40.00M
Operating Margin12.44%10.36%6.58%11.45%16.32%23.26%24.46%22.22%27.20%30.02%12.02%-12.62%9.06%16.50%-27.53%22.83%34.45%13.56%12.88%15.71%
EBITDA3.09M26.82M20.23M29.07M37.58M48.94M51.94M46.00M54.10M55.13M20.91M-15.06M17.99M33.12M-38.94M41.93M67.78M34.97M37.92M47.86M
EBITDA Margin14.36%17.06%13.41%18.39%22.67%29.73%30.89%29.07%34.00%33.50%14.26%-10.44%11.39%19.67%-23.78%26.81%37.83%16.51%15.82%18.80%
Net Income1.89M13.17M9.71M17.77M22.78M30.09M30.35M26.08M33.46M39.16M15.98M-681.00K11.90M26.57M-45.86M31.59M50.12M23.38M24.52M31.36M
Net Income Margin8.80%8.38%6.43%11.24%13.74%18.28%18.05%16.48%21.03%23.79%10.90%-0.47%7.54%15.78%-28.00%20.20%27.98%11.04%10.23%12.32%
Interest Expense--16.00K42.00K67.23M56.65M56.50M52.79M45.33M47.80M46.38M37.11M38.11M46.77M35.83M22.71M20.25M74.11M107.27M101.40M
Interest Expense % of Total Revenue--0.01%0.03%40.55%34.42%33.60%33.36%28.49%29.04%31.63%25.71%24.14%27.78%21.88%14.52%11.31%34.99%44.76%39.82%

Balance Sheet

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-2.65B2.80B3.39B3.71B3.97B4.44B4.66B4.63B4.89B4.51B4.11B4.04B4.01B4.18B4.13B4.20B4.51B4.66B4.85B
Total Liabilities-2.36B2.50B3.08B3.38B3.63B4.08B4.29B4.23B4.47B4.07B3.68B3.60B3.53B3.74B3.73B3.88B4.16B4.27B4.43B
Total Equity-292.42M303.53M310.80M325.57M339.52M359.36M374.94M397.89M426.55M434.65M432.13M436.21M473.11M440.17M407.60M328.63M351.24M384.31M419.70M
Cash---65.44M65.54M640.73M508.86M478.63M242.39M613.18M694.78M268.61M293.56M125.81M241.94M277.80M46.87M54.53M131.17M105.16M
Total Debt-2.74M1.31M1.90M1.94M38.00K-------10.00M35.00M7.00M198.42M393.40M70.00M178.50M
Net Debt-2.74M1.31M1.90M1.94M-640.69M-508.86M-478.63M-242.39M-613.18M-694.78M-268.61M-293.82M-115.81M-206.94M-270.80M151.55M338.87M-61.17M73.34M

Cash Flow

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.95M23.27M21.27M5.94M44.06M36.10M44.77M36.92M43.85M53.66M32.66M44.26M49.40M38.29M7.70M77.54M70.79M46.73M36.94M39.86M
Investing Cash Flow388.55M140.35M-430.40M-557.00M-60.83M-188.06M-617.10M-265.31M-213.89M87.03M447.54M-76.20M54.24M-129.36M-93.27M-106.36M-382.07M-307.01M-68.40M-155.91M
Financing Cash Flow21.00M-48.30M123.86M572.83M291.31M242.45M440.46M198.16M-66.20M230.10M-398.60M-394.22M-78.43M-76.94M201.69M64.67M80.35M267.94M108.11M90.04M
Capital Expenditure1.26M3.06M34.83M1.67M2.08M701.00K48.00K1.24M1.10M597.00K844.00K3.54M14.61M8.45M10.12M8.48M5.89M9.80M8.13M8.05M
Free Cash Flow2.69M20.21M-13.56M4.28M41.98M35.40M44.72M35.67M42.76M53.06M31.81M40.72M34.79M29.83M-2.42M69.05M64.90M36.93M28.80M31.81M
Dividends Paid1.90M10.00M10.25M10.50M10.50M10.50M10.50M10.50M10.50M10.50M7.88M00-3.69M00---
FCF to OCF68.08%86.83%-63.74%71.97%95.29%98.06%99.89%96.63%97.50%98.89%97.42%92.00%70.42%77.92%-31.36%89.06%91.68%79.03%77.98%79.79%
Dividend Paid to FCF70.67%49.48%-75.61%245.54%25.02%29.66%23.49%29.44%24.57%19.79%24.76%0.00%0.00%--152.69%0.00%0.00%---

Earnings

Report DateMar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Sep 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011May 16, 2012Aug 21, 2012Nov 13, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017May 10, 2018Aug 9, 2018Nov 9, 2018Jan 24, 2019Apr 25, 2019Jul 25, 2019Oct 23, 2019Jan 27, 2020Apr 29, 2020Jul 22, 2020Oct 29, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Jan 27, 2022Apr 26, 2022Jul 28, 2022Oct 27, 2022Jan 26, 2023May 4, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Jan 23, 2025Apr 24, 2025Jul 24, 2025Oct 23, 2025Jan 29, 2026Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate----------------------------------------0.030.270.280.300.180.090.070.110.210.290.280.340.300.360.510.610.620.620.200.170.100.210.220.230.280.320.410.353.910.410.54
EPS Actual0.180.170.180.140.260.230.260.210.270.300.280.330.310.290.320.240.270.230.250.240.290.320.300.370.320.340.360.470.320.240.20-0.150.24-0.06-0.02-0.190.340.27-0.290.130.290.300.290.300.130.080.130.150.200.240.360.210.360.440.550.620.670.240.20-0.020.240.210.230.370.320.410.260.410.400.53-
Surprise----------------------------------------866.67%11.11%3.57%0.00%-27.78%-11.11%85.71%36.36%-4.76%-17.24%28.57%-38.24%20.00%22.22%7.84%1.64%8.06%-61.29%0.00%-111.76%140.00%0.00%4.55%60.87%14.29%28.13%-36.59%17.14%-89.77%29.27%-
Timing---------------------------------------After-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap702.10M
Enterprise Value463.71M
Trailing P/E5.23
Forward P/E13.66
PEG Ratio0.00
Price / Sales2.45
Price / Book1.29
EPS5.80
Book Value24.33
Revenue (TTM)286.21M
Gross Profit (TTM)286.21M
Profit Margin44.92%
Operating Margin55.04%
Return on Equity27.22%
Return on Assets2.68%
Shares Outstanding23.16M
Shares Float21.24M
Beta0.50
Dividend Yield1.33%
Dividend Rate0.40
Payout Ratio12.50%

Analyst Ratings

Strong Buy
Based on 3 analystsTarget 35.08
  • Strong Buy
    2
  • Buy
    1

Ownership Breakdown

Institutions
67.31%
Insiders
2.28%
Retail / Other
30.41%

Top Institutional Holders

  • BlackRock Inc
    1.67M7.20%
  • Dimensional Fund Advisors, Inc.
    1.26M5.42%
  • Vanguard Capital Management, LLC
    984.98K4.25%
  • American Century Companies Inc
    709.57K3.06%
  • Lazard Asset Management LLC
    640.74K2.77%
  • Geode Capital Management, LLC
    515.98K2.23%
  • State Street Corp
    498.90K2.15%
  • Kennedy Capital Management Inc
    384.08K1.66%
  • The Goldman Sachs Group Inc
    356.39K1.54%
  • Algert Global LLC
    278.21K1.20%
  • Hillsdale Investment Management Inc.
    263.66K1.14%
  • Hotchkis & Wiley Capital Management LLC
    189.43K0.82%
  • Huber Capital Management LLC
    183.55K0.79%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    701.82K3.03%
  • Vanguard MStar Total Stk Mkt Idx Invest
    676.58K2.92%
  • iShares Russell 2000 ETF
    594.95K2.57%
  • State Street® SPDR® S&PRgnllBkgETF
    332.95K1.44%
  • Fidelity Enhanced Small Cap Core ETF
    310.55K1.34%
  • DFA US Small Cap Value I
    274.27K1.18%
  • Fidelity Small Cap Index
    238.85K1.03%

Dividends

20263×
0.10Nov 9, 20260.10Aug 10, 20260.10May 11, 2026
20201×
0.14Feb 14, 2020
20163×
0.10Jul 13, 20160.10Apr 21, 20160.10Jan 13, 2016
20154×
0.10Oct 13, 20150.10Jul 15, 20150.10Apr 13, 20150.10Jan 14, 2015
20144×
0.10Oct 9, 20140.10Jul 10, 20140.10Apr 10, 20140.10Jan 9, 2014
20134×
0.10Oct 10, 20130.10Jul 11, 20130.10Apr 11, 20130.10Jan 10, 2013
20124×
0.10Oct 11, 20120.10Jul 11, 20120.10Apr 10, 20120.10Jan 11, 2012
20111×
0.10Oct 12, 2011