CARE
Carter Bankshares, Inc.
NASDAQ · USFinancial ServicesBanks - Regional
$33.01-1.02%
Price as of Jul 20, 2026
CARE financials
Carter Bankshares, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $254.6M | $239.7M | $211.8M | $179.2M |
| Cost of revenue | $97.6M | $102.2M | $80.5M | $23.2M |
| Gross profit | $157.1M | $137.4M | $131.3M | $156.0M |
| Operating expenses | $117.1M | $106.6M | $102.6M | $94.3M |
| Operating income | $40.0M | $30.9M | $28.7M | $61.7M |
| Net income | $31.4M | $24.5M | $23.4M | $50.1M |
| EBITDA | $47.9M | $37.9M | $35.0M | $67.8M |
| Basic EPS | $1.40 | $1.06 | $1.00 | $2.03 |
| Diluted EPS | $1.40 | $1.06 | $1.00 | $2.03 |
| Balance sheet | ||||
| Cash & equivalents | $105.2M | $131.2M | $54.5M | $46.9M |
| Total assets | $4.9B | $4.7B | $4.5B | $4.2B |
| Total liabilities | $4.4B | $4.3B | $4.2B | $3.9B |
| Stockholders’ equity | $419.7M | $384.3M | $351.2M | $328.6M |
| Total debt | $178.5M | $70.0M | $393.4M | $198.4M |
| Net debt | $73.3M | -$61.2M | $338.9M | $151.6M |
| Cash flow | ||||
| Operating cash flow | $39.9M | $36.9M | $46.7M | $70.8M |
| Capital expenditure | -$8.1M | -$8.1M | -$9.8M | -$5.9M |
| Free cash flow | $31.8M | $28.8M | $36.9M | $64.9M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | -$20.0M | $0.00 | -$16.4M | -$42.9M |