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Carter Bankshares, Inc. CARE Decrease in Certificates of Deposits

Decrease in Certificates of Deposits at other companies

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Other financials

Income statement

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Revenue$68.7M+84.3%
Net income$28.9M+240%
EPS (diluted)$1.31+254%

Balance sheet

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Cash & equivalents$276.5M
Total debt$10.9M+5.0%
Total equity$539.1M+32.9%
Total assets$4.8B+0.4%

Cash flow

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Operating cash flow$303.9M+4,667%
CapEx$2.3M+22.5%
Free cash flow$302.4M+6,131%

Valuation

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Market cap$751.3M+92.8%
P/E5.8×-6.6×
P/S+0.2×

Profitability

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Net margin50.5%+28.6pp
FCF margin147.6%

Returns & leverage

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Return on equity27.2%+19.1pp
Debt / equity0.0×

Where this comes from

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

Tagged under the XBRL concept care:IncreaseDecreaseInCertificatesOnDeposit.

The source filing: Carter Bankshares, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 1:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001829576-26-000077
(Dollars in Thousands)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net Cash Used In Investing Activities324,933(94,494)
FINANCING ACTIVITIES
Net Change in Demand, Money Markets and Savings Accounts42,35049,649
Decrease in Certificates of Deposits(55,683)(36,758)
Proceeds from Federal Home Loan Bank Borrowings299,000245,000
Repayments on Federal Home Loan Bank Borrowings(477,500)(201,500)
Repurchase of Common Stock(2,878)(9,138)
Cash Dividends Paid to Common Shareholders(2,219)

Item 1. FINANCIAL STATEMENTS

FAQ

What is Carter Bankshares, Inc.'s decrease in certificates of deposits?
Carter Bankshares, Inc. (CARE) reported decrease in certificates of deposits of -$38.21M in Q2 2026.
How has Carter Bankshares, Inc.'s decrease in certificates of deposits changed year-over-year?
Carter Bankshares, Inc.'s decrease in certificates of deposits decreased by 562.6% year-over-year, from -$5.77M to -$38.21M.
What is the long-term trend for Carter Bankshares, Inc.'s decrease in certificates of deposits?
Over 3 years (2021 to 2024), Carter Bankshares, Inc.'s decrease in certificates of deposits has grown at a 7.4% compound annual growth rate (CAGR), from -$276.9M to $343.42M.
What does decrease in certificates of deposits mean?
Decrease in Certificates of Deposits as reported by Carter Bankshares, Inc. Common Stock.

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