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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›CARE›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

Carter Bankshares, Inc. (CARE) financials

Income statement

Carter Bankshares, Inc. (CARE) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$12.8M$18.0M$17.5M$18.3M$17.3M$19.4M$20.3M
Revenue growth—40.8%-2.8%4.8%-5.8%12.4%4.6%
Net income$26.6M-$45.9M$31.6M$50.1M$23.4M$24.5M$31.4M
Net margin207.9%-254.9%180.7%273.4%135.4%126.3%154.4%
EPS (diluted)$1.01-$1.74$1.19$2.03$1.00$1.06$1.38

Cash flow

Carter Bankshares, Inc. (CARE) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$38.3M$7.70M$77.5M$70.8M$46.7M$36.9M$39.9M
Capital expenditures$8.45M$10.1M$8.48M$5.89M$9.80M$8.13M$8.05M
Free cash flow$29.8M-$2.42M$69.1M$64.9M$36.9M$28.8M$31.8M
Share buybacks$0.00$0.00$157K$42.9M$16.4M$0.00$20.0M
Dividends paid$0.00$3.69M$0.00$0.00———

Balance sheet

Carter Bankshares, Inc. (CARE) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$126M$242M$278M$46.9M$54.5M$131M$105M
Total assets—$4.18B$4.13B$4.20B$4.51B$4.66B$4.85B
Total liabilities—$3.74B$3.73B$3.88B$4.16B$4.27B$4.43B
Shareholders' equity$473M$440M$408M$329M$351M$384M$420M
Retained earnings—$255M$235M$286M$309M$334M$365M
Shares (wtd avg diluted)26.3M26.4M26.3M24.6M23.2M22.8M22.5M

Every figure is extracted from Carter Bankshares, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Carter Bankshares, Inc.'s annual revenue?
Carter Bankshares, Inc. (CARE) reported $20.3M of revenue for fiscal year 2025 — up 4.6% from $19.4M in FY2024, per its annual report filed with the SEC.
Is Carter Bankshares, Inc. profitable?
Yes — CARE earned $31.4M of net income in FY2025, a 154.4% net margin, per SEC filings.
What is Carter Bankshares, Inc.'s free cash flow?
$31.8M in FY2025 (operating cash flow $39.9M minus $8.05M of capital expenditures), from the SEC cash-flow statement.
Does CARE pay a dividend?
Carter Bankshares, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CARE analysis — verdict, score & filings →Is CARE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.