Carter Bankshares Management
Management criteria checks 4/4
Carter Bankshares' CEO is Litz Van Dyke, appointed in Nov 2020, has a tenure of 4.17 years. total yearly compensation is $784.63K, comprised of 82.2% salary and 17.8% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €753.12K. The average tenure of the management team and the board of directors is 5 years and 7 years respectively.
Key information
Litz Van Dyke
Chief executive officer
US$784.6k
Total compensation
| CEO salary percentage | 82.2% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$14m |
| Jun 30 2024 | n/a | n/a | US$12m |
| Mar 31 2024 | n/a | n/a | US$13m |
| Dec 31 2023 | US$785k | US$645k | US$23m |
| Sep 30 2023 | n/a | n/a | US$41m |
| Jun 30 2023 | n/a | n/a | US$51m |
| Mar 31 2023 | n/a | n/a | US$56m |
| Dec 31 2022 | US$1m | US$613k | US$50m |
| Sep 30 2022 | n/a | n/a | US$40m |
| Jun 30 2022 | n/a | n/a | US$37m |
| Mar 31 2022 | n/a | n/a | US$31m |
| Dec 31 2021 | US$934k | US$593k | US$31m |
| Sep 30 2021 | n/a | n/a | US$29m |
| Jun 30 2021 | n/a | n/a | -US$40m |
| Mar 31 2021 | n/a | n/a | -US$41m |
| Dec 31 2020 | US$786k | US$590k | -US$46m |
| Sep 30 2020 | n/a | n/a | -US$45m |
| Jun 30 2020 | n/a | n/a | US$20m |
| Mar 31 2020 | n/a | n/a | US$23m |
| Dec 31 2019 | US$799k | US$570k | US$27m |
| Sep 30 2019 | n/a | n/a | US$26m |
| Jun 30 2019 | n/a | n/a | US$11m |
| Mar 31 2019 | n/a | n/a | US$11m |
| Dec 31 2018 | US$735k | US$497k | US$12m |
Compensation vs Market: Litz's total compensation ($USD784.63K) is about average for companies of similar size in the German market ($USD981.65K).
Compensation vs Earnings: Litz's compensation has been consistent with company performance over the past year.
CEO
Litz Van Dyke (60 yo)
4.2yrs
Tenure
US$784,630
Compensation
Mr. Litz H. Van Dyke joined Carter Bank in 2016 and currently serves as Chief Executive Officer. Before Carter Bank, he served as Practice Manager for CCG Catalyst Group from 2012-2016 and Chief Operating...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.2yrs | US$784.63k | 0.20% € 753.1k | |
| Vice Chairman | 8yrs | no data | 0.086% € 329.6k | |
| Senior EVP and Chief Financial Officer | 4.2yrs | US$494.58k | 0.13% € 488.5k | |
| Executive VP & Director of Regulatory Risk Management | 6.1yrs | no data | 0.032% € 122.2k | |
| Secretary | no data | no data | no data | |
| Assistant Vice President | no data | no data | no data | |
| Vice President and Managing Officer of Blacksburg Office | 11.4yrs | no data | no data |
5.0yrs
Average Tenure
61.5yo
Average Age
Experienced Management: 6NH's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8yrs | US$784.63k | 0.20% € 753.1k | |
| Vice Chairman | 8yrs | no data | 0.086% € 329.6k | |
| Lead Independent Director | 8yrs | US$82.82k | 0.067% € 255.1k | |
| Independent Director | 2.8yrs | US$72.90k | 0.078% € 296.3k | |
| Independent Director | 4.3yrs | US$68.82k | 0.055% € 210.9k | |
| Chairman of the Board | 43yrs | US$101.82k | 0.28% € 1.1m | |
| Independent Director | 27yrs | US$71.73k | 0.081% € 308.3k | |
| Independent Director | 7yrs | US$75.82k | 0.064% € 244.7k | |
| Independent Director | 7yrs | US$72.32k | 0.083% € 315.6k | |
| Independent Director | 4.3yrs | US$68.82k | 0.15% € 566.5k | |
| Independent Director | 4.3yrs | US$68.82k | 0.10% € 390.3k | |
| Independent Director | 2.8yrs | US$68.82k | 0.031% € 119.8k |
7.0yrs
Average Tenure
65yo
Average Age
Experienced Board: 6NH's board of directors are considered experienced (7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 14:33 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Carter Bankshares, Inc. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Marinac | FIG Partners |
| Feddie Strickland | Hovde Group, LLC |
| Christopher Marinac | Janney Montgomery Scott LLC |