Carter Bankshares Inc
investors.carterbank.comWhat Do They Do?
Provides commercial and consumer banking, mortgage lending, and related financial services to personal and business customers through its bank.
10-K for FY2025, filed Mar 5, 2026Carter Bankshares, Inc. (the “Company”) is a bank holding company headquartered in Martinsville, Virginia with assets of $4.9 billion at…View ↗
The Bank offers a full range of deposit products and services to personal and business customers, including noninterest-bearing and…View ↗
The Bank also offers a comprehensive range of commercial and consumer lending products. Commercial lending includes secured and unsecured…View ↗
Additional banking services include safe deposit boxes, direct deposit of payroll and government benefit payments, and debit cards. The…View ↗
How Do They Make Money?
The Bank earns interest on loans and investment securities and charges fees for services. Transaction-based and deposit-account fees are generally charged when the service or event occurs; some are taken directly from customer accounts, while payments for other services arrive immediately or the following month.
10-K for FY2025, filed Mar 5, 2026The Company is a financial holding company that conducts its business solely through the Bank. The Bank earns revenue primarily from…View ↗
Service Charges on Deposit Accounts: Service charges on deposit accounts include overdraft fees, fees on returned checks, stop payment…View ↗
Other Fees and Other Income: Other fees and other income include safe deposit box rental fees, money order fees, check cashing and…View ↗
Debit Card Interchange Fees: The Company earns interchange fees from debit cardholder transactions processed through card payment networks.…View ↗
$20.3M
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10-K for FY2025, filed Mar 5, 2026
$20.3M ↗
Who Are Their Customers?
The Bank serves personal and business customers with deposit accounts, commercial and consumer loans, mortgage lending, and related services through its branches and digital banking tools.
10-K for FY2025, filed Mar 5, 2026Carter Bankshares, Inc. (the “Company”) is a bank holding company headquartered in Martinsville, Virginia with assets of $4.9 billion at…View ↗
The Bank offers a full range of deposit products and services to personal and business customers, including noninterest-bearing and…View ↗
The Bank also offers a comprehensive range of commercial and consumer lending products. Commercial lending includes secured and unsecured…View ↗
Additional banking services include safe deposit boxes, direct deposit of payroll and government benefit payments, and debit cards. The…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 157 cents into free cash flow.
How Are They Changing?
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Aug 17, 2026
Justice parties’ lawsuit against the company and bank was dismissed with prejudice
Sources
8-K, filed Aug 17, 2026
On August 17, 2026, Carter Bankshares, Inc. (the “Company”) and its wholly-owned subsidiary, Carter Bank & Trust (the “Bank”), announced…View ↗
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May 1, 2026
Sold its membership interest in Bearing Insurance Group
The sale to an unaffiliated third party was completed effective May 1, 2026.
Sources
8-K, filed May 1, 2026
On May 1, 2026, Carter Bankshares, Inc. (the “Company”), the holding company of Carter Bank & Trust (the “Bank”), announced that the…View ↗
Growing. Revenue grew 16% in 4 years, from $17.5M in FY2021 to $20.3M in FY2025, about 4% a year.
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