Carter Bankshares, Inc.

NASDAQ•CARE

CEO: Mr. Litz H. Van Dyke

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2007-03-15

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction, acquisition, commercial, and industrial loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll, and social security checks; online banking products, including online and mobile banking, online account opening, bill pay, e-statement, mobile deposit, digital wallet, 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.

Contact Information

1300 Kings Mountain Road, Martinsville, VA, 24112, United States

276-656-1776

www.carterbank.com

Market Cap

$537.49M

P/E (TTM)

16.9

15.6

Dividend Yield

52W High

$24.86

52W Low

$14.58

52W Range

94%

Rank49Top 66.7%

3.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$64.52M+5.95%

4-Quarter Trend

EPS

$0.39+8.33%

4-Quarter Trend

FCF

$7.11M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Net Interest Income Growth Net Interest Income reached $130.8M in 2025, a 14.3% increase, driven by higher loan yields and asset growth.

Asset Quality Shows Improvement Nonperforming Loans declined to $244.0M (6.29% ratio) by year-end 2025; provision for credit losses resulted in a net recovery of $3.6M.

Portfolio Loans Increased 7.0% Total portfolio loans grew by $254.7M, reaching $3.9B, supported by strong production in CRE and C&I sectors.

Capital Ratios Remain Strong CET1 ratio stood at 10.70% and Leverage Ratio at 9.43% as of December 31, 2025, well above required regulatory thresholds.

Risk Factors

CRE Loan Portfolio Concentration Nearly 55% of portfolio loans are CRE, exposing results to adverse real estate market conditions and localized downturns.

Largest Credit Relationship Risk The largest credit relationship comprises 87.7% of NPLs; recovery timing and ultimate collection remain uncertain despite monitoring.

Interest Rate Sensitivity Exposure Balance sheet is slightly liability sensitive; rapid shifts in interest rates or yield curve shape could compress NIM and affect earnings.

Cybersecurity and Technology Failure Reliance on IT systems and third-party providers creates risk of disruption, data breaches, or operational failure impacting reputation and liquidity.

Outlook

Prudent Growth Strategy Focus Management plans to prioritize organic growth supported by strong capital, while continuing resolution efforts on nonaccrual loans.

Managing Funding Cost Structure Strategy focuses on stable deposits, but FHLB borrowings increased significantly by $108.5M to support loan growth needs.

Evolving Regulatory Landscape The regulatory framework continues to evolve, potentially increasing compliance costs, operational constraints, and supervisory scrutiny.

Capital Allocation Priorities Company retains earnings for regulatory compliance and technology investments; no historical common stock dividends paid to shareholders.

Peer Comparison

Revenue (TTM)

KRNY

$343.87M

-1.6%

PFIS

$281.36M

+22.4%

FBIZ

$279.25M

+6.4%

Gross Margin (Latest Quarter)

NFBK

314.9%

+0.0pp

SFST

96.2%

+7.0pp

NRIM

82.9%

+5.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RRBI	$634.90M	14.8	12.3%	0.0%
AROW	$617.04M	13.9	10.6%	0.7%
PFIS	$584.44M	9.9	11.8%	3.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

1.4%

Moderate Growth

4Q Net Income CAGR

-1.8%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 22, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data