Carter Bankshares, Inc. financial data

Symbol
CARE on Nasdaq
Location
1300 Kings Mountain Road, Martinsville, VA
State of incorporation
VA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.15K % -2.98%
Return On Equity 3.93 % -67.4%
Return On Assets 0.32 % -66%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 23.1M shares +0.51%
Common Stock, Shares, Outstanding 23.1M shares +0.51%
Entity Public Float 340M USD +6.93%
Common Stock, Value, Issued 23.1M USD +0.51%
Weighted Average Number of Shares Outstanding, Basic 22.8M shares -0.5%
Weighted Average Number of Shares Outstanding, Diluted 22.8M shares -0.5%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 18.3M USD -63.2%
Income Tax Expense (Benefit) 3.94M USD -55.2%
Net Income (Loss) Attributable to Parent 14.4M USD -64.9%
Earnings Per Share, Basic 0.63 USD/shares -63.4%
Earnings Per Share, Diluted 0.63 USD/shares -63.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 65.7M USD -70.9%
Property, Plant and Equipment, Net 73.4M USD -0.68%
Operating Lease, Right-of-Use Asset 419K USD
Assets 4.61B USD +3.62%
Liabilities 4.23B USD +2.55%
Accumulated Other Comprehensive Income (Loss), Net of Tax -53.3M USD +43%
Retained Earnings (Accumulated Deficit) 325M USD +4.62%
Stockholders' Equity Attributable to Parent 387M USD +17%
Liabilities and Equity 4.61B USD +3.62%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 17.6M USD -21.4%
Net Cash Provided by (Used in) Financing Activities 25.7M USD -81.3%
Net Cash Provided by (Used in) Investing Activities 10.2M USD
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 23.9M shares -4.37%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 53.6M USD +55.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 105M USD +89.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 24.9M USD +174%
Deferred Tax Assets, Valuation Allowance 884K USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 46.3M USD -5.12%
Operating Lease, Liability 441K USD -93.3%
Payments to Acquire Property, Plant, and Equipment 1.31M USD -32.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 54.6M USD +62.4%
Lessee, Operating Lease, Liability, to be Paid 493K USD
Property, Plant and Equipment, Gross 115M USD +3.62%
Lessee, Operating Lease, Liability, to be Paid, Year Two 130K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 167K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure
Deferred Income Tax Expense (Benefit) 189K USD -58.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 52K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 107K USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 89K USD
Additional Paid in Capital 91.7M USD +1.64%
Depreciation, Depletion and Amortization 1.67M USD +10.7%
Deferred Tax Assets, Net of Valuation Allowance 45.5M USD -6.93%
Interest Expense 88.6M USD +228%