# Carter Bankshares, Inc.: overview

CARE · Nasdaq · CIK 1829576 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/care.md) · [Financials](/companies/care/financials.md) · [Filings](/companies/care/filings.md) · [Insiders](/companies/care/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.24](/filings/0001829576-25-000068.md) | not reported | [0.39](/filings/0001829576-26-000048.md) | [0.37](/filings/0001829576-26-000077.md) | [0.24](/filings/0001829576-25-000068.md) | not reported | [3.88](/filings/0001829576-26-000048.md) | [1.31](/filings/0001829576-26-000077.md) |
| Free cash flow | $m | [8.4 d](/filings/0001829576-25-000068.md) | [8.3 d](/filings/0001829576-26-000018.md) | [4.9](/filings/0001829576-26-000048.md) | [7.7 d](/filings/0001829576-26-000077.md) | [10.3 d](/filings/0001829576-25-000068.md) | [9.0 d](/filings/0001829576-26-000018.md) | [302](/filings/0001829576-26-000048.md) | [(263) d](/filings/0001829576-26-000077.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [17.5](/filings/0001829576-24-000016.md) | [18.3](/filings/0001829576-25-000016.md) | [17.3](/filings/0001829576-26-000018.md) | [19.4](/filings/0001829576-26-000018.md) | [20.3](/filings/0001829576-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [180.7%](/filings/0001829576-24-000016.md) | [273.4%](/filings/0001829576-25-000016.md) | [135.4%](/filings/0001829576-26-000018.md) | [126.3%](/filings/0001829576-26-000018.md) | [154.4%](/filings/0001829576-26-000018.md) |
| Diluted EPS | $ per share | [1.19](/filings/0001829576-24-000016.md) | [2.03](/filings/0001829576-25-000016.md) | [1.00](/filings/0001829576-26-000018.md) | [1.06](/filings/0001829576-26-000018.md) | [1.38](/filings/0001829576-26-000018.md) |
| Free cash flow | $m | [69.1](/filings/0001829576-24-000016.md) | [64.9](/filings/0001829576-25-000016.md) | [36.9](/filings/0001829576-26-000018.md) | [28.8](/filings/0001829576-26-000018.md) | [31.8](/filings/0001829576-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/care/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $61.1m | 1,796,799 |  | Added +127,981 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $42.7m | 1,256,126 |  | Added +80,201 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $32.5m | 955,877 |  | Reduced −29,106 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $31.0m | 912,310 |  | Added +413,408 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $24.1m | 709,568 |  | Added +168,702 |
| [LAZARD ASSET MANAGEMENT LLC](/funds/1207017.md) | 2026-06-30 | $21.8m | 640,742 |  | New +640,742 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $19.6m | 576,614 |  | Added +60,639 |
| [KENNEDY CAPITAL MANAGEMENT LLC](/funds/884589.md) | 2026-06-30 | $13.1m | 384,084 |  | Reduced −65,533 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $12.7m | 373,745 |  | Added +17,357 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $10.3m | 301,842 |  | Added +137,966 |

## Recent filings

[All 448 filings](/companies/care/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 08:10 ET | [8-K](/filings/0001829576-26-000089.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001829576-26-000089 |
| 2026-08-17 | 16:59 ET | [8-K](/filings/0001829576-26-000083.md) | 8.01 Other events | 0001829576-26-000083 |
| 2026-08-11 | 16:36 ET | [8-K](/filings/0001829576-26-000080.md) | 8.01 Other events | 0001829576-26-000080 |
| 2026-08-06 | 13:26 ET | [10-Q](/filings/0001829576-26-000077.md) | Quarterly report, period 2026-06-30 | 0001829576-26-000077 |
| 2026-07-27 | 11:24 ET | [8-K](/filings/0001829576-26-000073.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001829576-26-000073 |
| 2026-07-23 | 09:02 ET | [8-K](/filings/0001829576-26-000071.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001829576-26-000071 |
| 2026-07-23 | 08:22 ET | [8-K](/filings/0001829576-26-000070.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001829576-26-000070 |
| 2026-06-24 | 16:06 ET | [8-K](/filings/0001829576-26-000061.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001829576-26-000061 |
| 2026-05-29 | 17:19 ET | [8-K](/filings/0001829576-26-000056.md) | 7.01 Regulation FD disclosure | 0001829576-26-000056 |
| 2026-05-29 | 10:52 ET | [8-K](/filings/0001829576-26-000053.md) | 5.07 Shareholder vote results | 0001829576-26-000053 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001829576-26-000018.md), filed Mar 5, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1829576
- Tickers: CARE
- Exchange: Nasdaq
- SIC code: 6021 National Commercial Banks
- State of incorporation: VA
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 08:13 ET. No prices; not investment advice.