Carter Bankshares, Inc. functions as the parent company for Carter Bank & Trust, delivering a comprehensive suite of banking solutions. It provides ...
Carter Bankshares, Inc. (NASDAQ: CARE) is a bank holding company headquartered in Martinsville, Virginia, serving as the parent of Carter Bank & Trust, a state-chartered community bank established in 1974 by Worth H. Carter Jr. With over 50 years of history, the bank has grown to operate 69 branches across ...Carter Bankshares, Inc. (NASDAQ: CARE) is a bank holding company headquartered in Martinsville, Virginia, serving as the parent of Carter Bank & Trust, a state-chartered community bank established in 1974 by Worth H. Carter Jr. With over 50 years of history, the bank has grown to operate 69 branches across Virginia and North Carolina, with total assets of $4.9 billion as of December 31, 2025. The company is publicly traded on the NASDAQ Global Select Market under the symbol CARE, with an IPO in 2007. As of 2026, it employs 687 full-time staff, placing it in the 501-1000 employee category.
Carter Bank & Trust offers a comprehensive suite of banking services including checking, savings, retirement, money market accounts, and certificates of deposit. On the lending side, it provides secured and unsecured commercial loans, consumer loans for auto, home improvement, education, and overdraft protection, as well as residential mortgages (fixed and variable rate), real estate construction and acquisition loans, home equity lines of credit, and credit cards. Additional services include safe deposit boxes, direct deposit, online and mobile banking with bill pay and mobile deposit, debit cards, e-statements, and ATM access. The bank also offers title insurance, treasury management, and corporate cash management services.
Financially, the company shows strong performance with a market capitalization of approximately $731 million, a price-to-earnings ratio of 5.6, and a net profit margin of 36.9%. It maintains a return on equity of 27.4% and a return on assets of 2.7%. Despite a modest dividend yield of 0.3%, the bank demonstrates solid profitability and efficiency, with a 2026 first-quarter net interest margin of 3.07% and an efficiency ratio of 29.01%.
Leadership is under CEO Litz H. Van Dyke, who joined in 2016 and previously worked as a practice manager at CCG. The board includes notable figures such as Robert M. Bolton, founder of Iron Bay Capital. The company focuses on community banking, emphasizing relationships and local economic development. With a strong regional presence and a commitment to customer service, Carter Bankshares continues to be a significant player in the banking sector.
For more information, visit their website at www.carterbank.com or contact them at 276-656-1776.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$254.6M
+6.2%
-30.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$31.4M
+27.9%
-66.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+61.7%
+7.6%
-31.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+15.7%
+22.0%
-51.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+12.3%
+20.4%
-51.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$31.8M
+10.4%
-186.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+12.5%
+3.9%
-225.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
42.5%
+133.5%
—
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.12x
-43.3%
-92.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
