What is Carter Bankshares, Inc.'s cash & equivalents?

Carter Bankshares, Inc. (CARE) reported cash & equivalents of $65.71M in Q3 2022.

How has Carter Bankshares, Inc.'s cash & equivalents changed year-over-year?

Carter Bankshares, Inc.'s cash & equivalents decreased by 70.9% year-over-year, from $225.8M to $65.71M.

What does cash & equivalents mean?

Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.

Carter Bankshares, Inc. CARE Cash & Equivalents

Discontinued — last reported Q3 '22

Cash & Equivalents at other companies

Bank of AmericaBAC

$242.48B-11.4%

Wells Fargo & CompanyWFC

$173.27B-1.6%

Shore BancsharesSHBI

$340.82M-12.4%

Eagle BancorpEGBN

$579.36M-14.4%

Southern First BancsharesSFST

$342.78M+1,276%

City Holding CompanyCHCO

$299.02M-22.3%

Other financials

Income statement

See full

Revenue$106.9M+189%

Net income$85.8M+858%

EPS (diluted)$3.88+895%

Balance sheet

See full

Total debt$10.9M+5.0%

Total equity$504.9M+25.7%

Total assets$4.8B+2.1%

Cash flow

See full

Operating cash flow$303.9M+4,667%

CapEx$1.5M+0.9%

Free cash flow$302.4M+6,131%

Valuation

See full

Market cap$726.22M+90.6%

P/E6.7×-7.1×

P/S3.3×+0.5×

Profitability

See full

Net margin48.5%+28.6pp

FCF margin147.6%—

Returns & leverage

See full

Return on equity23.9%+16.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Carter Bankshares, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue.

The official record: Carter Bankshares, Inc.’s 10-Q, filed November 4, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carter Bankshares, Inc.'s cash & equivalents?: Carter Bankshares, Inc. (CARE) reported cash & equivalents of $65.71M in Q3 2022.
How has Carter Bankshares, Inc.'s cash & equivalents changed year-over-year?: Carter Bankshares, Inc.'s cash & equivalents decreased by 70.9% year-over-year, from $225.8M to $65.71M.
What does cash & equivalents mean?: Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.