carter bankshares, inc. operates as the bank holding company for carter bank & trust that provides various banking products and services. it accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. the company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, and personal investment; real estate construction and acquisition loans; and home equity lines of credit, as well as originates and holds fixed and variable rate mortgage loans. in addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, mobile banking, debit cards, e-statements, and automated drafts for various accounts; insurance products; and treasury services. as of november 23, 2020, the company had 92 branch
Company profile
Ticker
CARE
Exchange
Website
CEO
Litz Van Dyke
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
CB&T Investment Company ...
IRS number
853365661
CARE stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
First Quarter 2024 Investor Presentation
3 May 24
ARS
2024 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
8-K
Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results
25 Apr 24
10-K
2023 FY
Annual report
8 Mar 24
8-K
Other Events
15 Feb 24
8-K
Fourth Quarter and Full Year 2023
30 Jan 24
8-K
Other Events
25 Jan 24
8-K
Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
25 Jan 24
Latest ownership filings
4
Arthur Loran Adams
8 May 24
4
Jane Ann Davis
8 May 24
SC 13G/A
ALLIANCEBERNSTEIN L.P.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
26 Jan 24
4
Dyke Litz H Van
8 Jan 24
4
Wendy S. Bell
8 Jan 24
4
Matthew M. Speare
8 Jan 24
4
Tony E Kallsen
8 Jan 24
4
Bradford N. Langs
8 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 55.40 mm | 55.40 mm | 55.40 mm | 55.40 mm | 55.40 mm | 55.40 mm |
Cash burn (monthly) | (no burn) | 859.17 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 6.32 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 49.08 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 57.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
21.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 59 |
Opened positions | 8 |
Closed positions | 35 |
Increased positions | 18 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 70.86 bn |
Total shares | 5.01 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 1.23 mm | $18.38 bn |
Dimensional Fund Advisors | 746.35 k | $11.17 bn |
STT State Street | 469.07 k | $7.02 bn |
TFO USA | 396.87 k | $5.94 bn |
American Century Companies | 254.83 k | $3.81 bn |
Huber Capital Management | 238.91 k | $3.58 bn |
NTRS Northern Trust | 203.59 k | $3.05 bn |
Bridgeway Capital Management | 183.42 k | $2.75 bn |
MS Morgan Stanley | 127.68 k | $1.91 bn |
Russell Investments | 95.58 k | $1.43 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 May 24 | Jane Ann Davis | Common Stock | Grant | Acquire A | No | No | 0 | 1,100 | 0.00 | 10,781 |
7 May 24 | Arthur Loran Adams | Common Stock | Grant | Acquire A | No | No | 0 | 1,000 | 0.00 | 7,378 |
5 Jan 24 | Bradford N. Langs | Common Stock | Grant | Acquire A | No | No | 0 | 3,596 | 0.00 | 18,168 |
5 Jan 24 | Tony E Kallsen | Common Stock | Grant | Acquire A | No | No | 0 | 1,741 | 0.00 | 11,580 |
5 Jan 24 | Matthew M. Speare | Common Stock | Grant | Acquire A | No | No | 0 | 2,619 | 0.00 | 29,102 |