Carter Bankshares (CARE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Carter Bankshares

NasdaqGS•Financial Services•Banks - Regional

$31.36-0.62(-0.02%)Pre-market

Market Cap

$665.42M

P/E

5.2x

P/S

1.9x

P/B

1.2x

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

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability22/25

Growth25/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.2x5y range 4.7x – 32.8x

Currently below its 19-quarter median.

P/S · 1.9x5y range 1.5x – 2.9x

Currently near its 19-quarter median.

P/B · 1.2x5y range 0.9x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 133.5% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $665.42M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $349.44M
Q. Revenue: $90.22M
TTM EBITDA: $171.92M
TTM Op. Income: $165.51M
Q. Op. Income: $37.24M
TTM Net Income: $128.57M
Q. Net Income: $28.91M
EPS: $1.31
Shares Out.: $21.84M

$349.44M in TTM revenue grew 40.1% YoY, reaching $90.22M last quarter. TTM EBITDA of $171.92M and TTM operating income of $165.51M show growth is flowing through to the bottom line. TTM net income of $128.57M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 43.7%
Op. Margin: 41.3%
Net Margin: 32.0%

Op. margin of 41.3% is up 24.3% YoY — cost efficiency is improving. Net margin at 32.0% Over the past year, operating margin is up 143% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 5.2x
P/S Ratio: 1.9x
P/B Ratio: 1.2x

At 5.2x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 59% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.80B
Cash: $276.54M
Long-Term Debt: N/A
Book Value: $539.15M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-260.55M
TTM Free Cash Flow: $58.76M
FCF Margin: 16.8%
FCF / Net Income: 0.5

TTM FCF of $58.76M on $-260.55M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 101% — a weakening trend.