Carter Bankshares, Inc. (CARE)
Operating cash flow minus capital spending left $31.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $101.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Carter Bankshares, Inc.
- Net worth
- Carter Bankshares, Inc. has a market value (market cap) of $651.4M at the latest share price, and shareholders' equity of $526.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $39.9M of cash; after $8.1M of capital spending, free cash flow was $31.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Carter Bankshares, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Carter Bankshares, Inc. does
Carter Bankshares, Inc. is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NASDAQ under the ticker CARE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $20.3M | $31.4M | $1.38 | $31.8M |
| 2024 | $19.4M | $24.5M | $1.06 | $28.8M |
| 2023 | $17.3M | $23.4M | $1.00 | $36.9M |
| 2022 | $18.3M | $50.1M | $2.03 | $64.9M |
| 2021 | $17.5M | $31.6M | $1.19 | $69.1M |
| 2021 | $18M | -$45.9M | -$1.74 | -$2.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CARE ranks in Finance
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2022 | n/a | $0 | 0% |
| 2021 | n/a | $0 | 0% |
| 2021 | $0.14 | $3.7M | n/a |
| 2019 | n/a | $0 | 0% |
Latest SEC filings
What Carter Bankshares, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 3, 2026
- October 29, 2026Other event 8-K
- October 29, 2026
- October 8, 2026Passive stake changed SCHEDULE 13G/A
- August 17, 2026Other event 8-K
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 11, 2026Other event 8-K
- August 11, 2026Form S-3D filing S-3D
- August 6, 2026
What is CARE worth? A DCF from its reported cash flow
Insider trades
What the people running Carter Bankshares, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $62.5K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 11, 2026 | Midkiff Catharine L.Director | Sold | 1,000 | $31.3K |
| September 11, 2026 | Midkiff Catharine L.Director | Sold | 1,000 | $31.3K |
| August 4, 2026 | Feldmann Gregory WDirector | Gave as a gift | 280 | $9.8K |
| July 30, 2026 | Bolton Robert M.Director | Soldindirect | 1,500 | $51.9K |
| July 30, 2026 | Langs Bradford N.PRESIDENT, CHIEF STRATEGY OFCR | Sold | 2,500 | $86.3K |
| June 30, 2026 | Van Dyke Litz HCHIEF EXECUTIVE OFFICER, Director | Received as pay | 12,300 | - |
| June 30, 2026 | Kallsen Tony ESEVP, CHIEF CREDIT OFFICER | Received as pay | 5,472 | - |
| June 30, 2026 | Davis Jane AnnEVP, CHIEF ADMIN. OFFICER | Received as pay | 3,604 | - |
Who owns CARE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dimensional Fund Advisors LP13G, passive | 5.1% | January 21, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 163 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 1,796,799 | +127,981 |
| Dimensional Fund Advisors LP | 1,256,126 | +80,201 |
| Vanguard Capital Management LLC | 955,877 | -29,106 |
| State Street Corp | 912,310 | +413,408 |
| American Century Companies Inc | 709,568 | +168,702 |
| Lazard Asset Management LLC | 640,742 | new |
| Geode Capital Management, LLC | 576,614 | +60,639 |
| Kennedy Capital Management LLC | 384,084 | -65,533 |
| Goldman Sachs Group Inc | 373,745 | +17,357 |
| Vanguard Portfolio Management LLC | 301,842 | +137,966 |
| Aqr Capital Management LLC | 299,724 | +239,810 |
| Algert Global LLC | 278,213 | +121,433 |
| Hillsdale Investment Management Inc. | 263,657 | new |
| Morgan Stanley | 222,626 | +102,807 |
| Nuveen, LLC | 195,185 | +148,266 |
| Northern Trust Corp | 189,817 | +14,348 |
| Russell Investments Group, Ltd. | 186,228 | +82,122 |
| Huber Capital Management LLC | 183,553 | -7,000 |
| Petiole USA ltd | 179,222 | -202,151 |
| Tudor Investment Corp ET AL | 161,420 | new |
Insiders
17 insiders reported holding 558,527 shares in total, about $16.4M at the last price.
| Holder | Shares |
|---|---|
| Van Dyke Litz HCHIEF EXECUTIVE OFFICER, Director | 79,767 |
| Bolton Robert M.Director | 67,62955,000 held indirectly |
| Haskins James W.Director | 62,702 |
| Walsh Elizabeth L.Director | 58,028 |
| Bell Wendy S.SENIOR EXECUTIVE VP, CFO | 46,651 |
| Langs Bradford N.PRESIDENT, CHIEF STRATEGY OFCR | 33,242 |
| Speare Matthew M.SEVP, CHIEF OPERATING OFFICER | 31,798 |
| Kallsen Tony ESEVP, CHIEF CREDIT OFFICER | 26,091 |
| Karavatakis Phyllis Q.Director | 21,695 |
| Lutz Jacob A IIIDirector | 19,690 |
Questions about CARE
What does Carter Bankshares, Inc. do?
Carter Bankshares, Inc. is a company in the Finance sector, listed on NASDAQ as CARE. Its shares trade on NASDAQ under the ticker CARE.
What is Carter Bankshares, Inc.'s net worth?
Carter Bankshares, Inc. has a market value (market cap) of $651.4M at the latest share price, and shareholders' equity of $526.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Carter Bankshares, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $130.9M.
When did Carter Bankshares, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Carter Bankshares, Inc.'s next earnings report?
Carter Bankshares, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Carter Bankshares, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.