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Carter Bank & Trust

Nasdaq:CARE
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CARE
Nasdaq
$520M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. The last earnings update was 11 days ago. More info.


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CARE Share Price and Events
7 Day Returns
-0.8%
NasdaqGS:CARE
-3.2%
US Banks
-0.7%
US Market
1 Year Returns
13%
NasdaqGS:CARE
-10.8%
US Banks
3%
US Market
CARE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carter Bank & Trust (CARE) -0.8% 4.9% 15.6% 13% 56.9% 76.5%
US Banks -3.2% -3.4% -2.3% -10.8% 41.5% 46.8%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • CARE outperformed the Banks industry which returned -10.8% over the past year.
  • CARE outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CARE
Industry
5yr Volatility vs Market

Value

 Is Carter Bank & Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Carter Bank & Trust. This is due to cash flow or dividend data being unavailable. The share price is $19.77.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Carter Bank & Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carter Bank & Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CARE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.40
NasdaqGS:CARE Share Price ** NasdaqGS (2019-05-17) in USD $19.77
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.77x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Carter Bank & Trust.

NasdaqGS:CARE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CARE Share Price ÷ EPS (both in USD)

= 19.77 ÷ 0.40

48.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carter Bank & Trust is overvalued based on earnings compared to the US Banks industry average.
  • Carter Bank & Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Carter Bank & Trust's expected growth come at a high price?
Raw Data
NasdaqGS:CARE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
54.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.39x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CARE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.91x ÷ 54.3%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carter Bank & Trust is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Carter Bank & Trust's assets?
Raw Data
NasdaqGS:CARE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.10
NasdaqGS:CARE Share Price * NasdaqGS (2019-05-17) in USD $19.77
United States of America Banks Industry PB Ratio Median Figure of 598 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CARE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CARE Share Price ÷ Book Value per Share (both in USD)

= 19.77 ÷ 17.10

1.16x

* Primary Listing of Carter Bank & Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carter Bank & Trust is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Carter Bank & Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Carter Bank & Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Carter Bank & Trust expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
54.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carter Bank & Trust expected to grow at an attractive rate?
  • Carter Bank & Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Carter Bank & Trust's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Carter Bank & Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CARE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CARE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 54.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CARE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CARE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 35
2019-12-31 30
NasdaqGS:CARE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 109 53 11
2018-12-31 110 49 12
2018-09-30 94 49 3
2018-06-30 92 48 11
2018-03-31 76 43 2
2017-12-31 72 44 -1
2017-09-30 74 44 1
2017-06-30 83 34 6
2017-03-31 93 37 14
2016-12-31 96 33 16
2016-09-30 109 34 32
2016-06-30 113 38 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Carter Bank & Trust's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Carter Bank & Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CARE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Carter Bank & Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CARE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.35 1.35 1.35 1.00
2019-12-31 1.13 1.13 1.13 1.00
NasdaqGS:CARE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.40
2018-12-31 0.45
2018-09-30 0.13
2018-06-30 0.40
2018-03-31 0.07
2017-12-31 -0.03
2017-09-30 0.02
2017-06-30 0.23
2017-03-31 0.53
2016-12-31 0.61
2016-09-30 1.23
2016-06-30 1.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Carter Bank & Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Carter Bank & Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Carter Bank & Trust has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Carter Bank & Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Carter Bank & Trust's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Carter Bank & Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Carter Bank & Trust's 1-year earnings growth exceeds its 5-year average (475.1% vs -33.5%)
  • Carter Bank & Trust's earnings growth has exceeded the US Banks industry average in the past year (475.1% vs 40.7%).
Earnings and Revenue History
Carter Bank & Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Carter Bank & Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CARE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 109.48 10.62 69.27
2018-12-31 109.78 11.91 69.27
2018-09-30 93.55 3.43 71.33
2018-06-30 91.53 10.53 71.86
2018-03-31 76.46 1.85 68.95
2017-12-31 72.39 -0.68 66.65
2017-09-30 73.56 0.53 62.75
2017-06-30 82.52 6.19 59.55
2017-03-31 93.17 13.95 55.40
2016-12-31 96.03 15.98 52.28
2016-09-30 108.99 32.14 47.19
2016-06-30 112.51 36.39 44.26
2016-03-31 115.12 39.04 44.44
2015-12-31 115.41 39.16 49.10
2015-09-30 116.26 36.48 45.08
2015-06-30 115.44 34.85 44.99
2015-03-31 114.85 34.38 44.76
2014-12-31 112.87 33.46 44.72
2014-09-30 110.49 30.20 45.43
2014-06-30 108.89 28.92 45.76
2014-03-31 105.13 26.54 46.05
2013-12-31 104.66 26.08 46.32
2013-09-30 105.61 26.00 47.47
2013-06-30 107.61 27.77 47.45
2013-03-31 109.71 29.25 47.48
2012-12-31 110.69 30.35 47.59
2012-09-30 110.56 32.67 46.96
2012-06-30 108.91 31.66 47.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Carter Bank & Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Carter Bank & Trust used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Carter Bank & Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Carter Bank & Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Carter Bank & Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Carter Bank & Trust's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Carter Bank & Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Carter Bank & Trust Company Filings, last reported 1 month ago.

NasdaqGS:CARE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 449.77 0.45 187.98
2018-12-31 436.21 0.31 251.44
2018-09-30 427.66 0.00 175.04
2018-06-30 437.85 0.00 188.62
2018-03-31 432.88 0.00 212.28
2017-12-31 432.13 0.00 228.21
2017-09-30 440.17 0.00 419.80
2017-06-30 439.47 0.00 604.56
2017-03-31 440.95 0.00 685.74
2016-12-31 434.65 0.00 655.18
2016-09-30 438.52 0.00 950.68
2016-06-30 435.91 0.00 1,015.15
2016-03-31 432.25 0.00 786.15
2015-12-31 426.55 0.00 576.75
2015-09-30 416.88 0.00 696.25
2015-06-30 410.03 0.00 491.56
2015-03-31 403.72 0.00 372.98
2014-12-31 397.89 0.00 210.92
2014-09-30 390.91 0.00 321.15
2014-06-30 385.68 0.00 326.83
2014-03-31 379.85 0.00 345.47
2013-12-31 374.94 0.00 445.49
2013-09-30 371.22 0.00 468.61
2013-06-30 367.26 0.00 468.02
2013-03-31 363.81 0.00 570.50
2012-12-31 359.36 0.00 477.82
2012-09-30 355.72 0.00 610.24
2012-06-30 350.00 0.00 690.93
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Carter Bank & Trust has an acceptable proportion of non-loan assets held.
  • Carter Bank & Trust's liabilities are made up of primarily low risk sources of funding.
  • Loans at Carter Bank & Trust are broadly funded by customer deposits.
  • Carter Bank & Trust's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Carter Bank & Trust has a low allowance for bad loans.
  • Carter Bank & Trust has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Carter Bank & Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Carter Bank & Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Carter Bank & Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Carter Bank & Trust dividends.
If you bought $2,000 of Carter Bank & Trust shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Carter Bank & Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Carter Bank & Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CARE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 473 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CARE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqGS:CARE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-08 0.000 0.000
2018-10-25 0.000 0.000
2018-08-08 0.000 0.000
2018-07-26 0.000 0.000
2018-05-09 0.000 0.000
2018-04-26 0.000 0.000
2018-03-15 0.000 0.000
2018-01-25 0.000 0.000
2017-11-08 0.000 0.000
2017-10-26 0.000 0.000
2017-08-14 0.000 0.000
2017-07-28 0.000 0.000
2017-05-10 0.000 0.000
2017-04-28 0.000 0.000
2017-03-16 0.000 0.000
2017-02-01 0.000 0.000
2016-11-09 0.400 2.953
2016-10-31 0.000 0.000
2016-08-08 0.400 3.027
2016-08-01 0.400 2.938
2016-05-10 0.400 3.138
2016-05-02 0.400 3.148
2016-03-15 0.400 3.030
2016-01-29 0.400 2.985
2015-11-09 0.400 3.003
2015-10-30 0.400 3.134
2015-08-10 0.400 3.182
2015-07-31 0.400 3.156
2015-05-11 0.400 3.186
2015-03-16 0.400 3.096
2015-02-02 0.400 3.063
2014-11-10 0.400 3.221
2014-10-31 0.400 3.330
2014-08-13 0.400 3.420
2014-08-01 0.400 3.458
2014-05-12 0.400 3.497
2014-05-01 0.400 3.576
2014-03-17 0.400 3.565
2014-02-06 0.400 3.574
2013-08-09 0.400 3.581
2013-05-10 0.400 3.795
2013-04-30 0.400 4.036
2013-03-18 0.400 4.089
2013-01-31 0.400 4.312
2012-11-09 0.400 4.449
2012-08-03 0.400 4.460
2012-07-31 0.400 4.643
2012-05-10 0.400 4.750
2012-03-29 0.400 4.691
2011-11-09 0.400 4.937
2011-10-05 0.400 5.252
2011-05-11 0.400 4.619
2011-03-15 0.400 4.366
2010-11-10 0.400 4.409
2010-08-10 0.400 5.022
2010-05-11 0.400 4.982
2010-03-15 0.400 4.931
2009-05-27 0.400 5.974

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Carter Bank & Trust has not reported any payouts.
  • Unable to verify if Carter Bank & Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Carter Bank & Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Carter Bank & Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Carter Bank & Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Carter Bank & Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carter Bank & Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Carter Bank & Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Litz Van Dyke
COMPENSATION $735,445
AGE 54
TENURE AS CEO 2.1 years
CEO Bio

Mr. Litz H. Van Dyke has been the Chief Executive Officer and Director of Carter Bank & Trust since April 18, 2017. Mr. Van Dyke served as Executive Vice President of Carter Bank & Trust since July 27, 2016 until April 18, 2017. Mr. Van Dyke served as Executive Vice President and Chief Operating Officer of Stellar One Corporation from 2008 to 2012. He has more than 25 years of experience as a senior banking executive and strategic advisor. Mr. Van Dyke served as Executive Vice President of FNB Corporation and First National Bank from February 1999 to December 2002. He served as Chief Operation Officer FNB Corp. from January 2003 to September 2004. Mr. Van Dyke served as Chief Executive Officer and President of First National Bank, a Subsidiary of FNB Corp. since December 2002. He served as a Practice Manager for CCG Catalyst Consulting Group based in Phoenix, Arizona. He served as Senior Vice President/ Commercial Loans of First National Bank prior to February 1999. He serves as a Director of the Virginia Association of Community Banks and a Director of the Banker's Insurance, LLC. Mr. Van Dyke is a 1986 graduate of Hampden-Sydney (Cum Laude with a BA in Economics), Stonier Graduate School of Banking and The VBA School of Bank Management. Mr. Van Dyke is a qualified candidate as a Director and member of the Investment, Loan, and BSA Committee due to his prior experience in senior executive roles with a number of Virginia-based banking institutions with responsibilities including credit administration, regulatory risk management, information technology, operations, marketing, and facilities as well as extensive work with commercial, retail, and mortgage lines of business.

CEO Compensation
  • Litz's compensation has been consistent with company performance over the past year.
  • Litz's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Carter Bank & Trust management team in years:

1.8
Average Tenure
54
Average Age
  • The average tenure for the Carter Bank & Trust management team is less than 2 years, this suggests a new team.
Management Team

Litz Van Dyke

TITLE
CEO & Director
COMPENSATION
$735K
AGE
54
TENURE
2.1 yrs

Phyllis Karavatakis

TITLE
Vice Chairman
COMPENSATION
$503K
AGE
62
TENURE
2.9 yrs

Wendy Bell

TITLE
Executive VP & CFO
COMPENSATION
$501K
AGE
54
TENURE
1.8 yrs

Matt Speare

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$494K
AGE
51
TENURE
1.8 yrs

Brad Langs

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$532K
AGE
52
TENURE
1.9 yrs

Jane Davis

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$321K
AGE
55
TENURE
1.8 yrs

Kim Adkins

TITLE
VP & Director of Marketing

Paul Carney

TITLE
Senior VP & Director of Human Resources
TENURE
0.4 yrs

Dawn DeHart

TITLE
Senior VP & Director of Community Development
TENURE
2.1 yrs

Rich Spiker

TITLE
Executive VP & Chief Lending Officer
AGE
51
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Carter Bank & Trust board of directors in years:

7.3
Average Tenure
70
Average Age
  • The tenure for the Carter Bank & Trust board of directors is about average.
Board of Directors

James Haskins

TITLE
Chairman of the Board
COMPENSATION
$56K
AGE
77
TENURE
2.1 yrs

Litz Van Dyke

TITLE
CEO & Director
COMPENSATION
$735K
AGE
54
TENURE
2.1 yrs

Phyllis Karavatakis

TITLE
Vice Chairman
COMPENSATION
$503K
AGE
62
TENURE
2.1 yrs

Robert Conner

TITLE
Independent Director
COMPENSATION
$40K
AGE
78
TENURE
12.4 yrs

Greg Feldmann

TITLE
Independent Director
COMPENSATION
$38K
AGE
60
TENURE
2.3 yrs

Michael Bird

TITLE
Independent Director
COMPENSATION
$33K
AGE
63
TENURE
1.3 yrs

Charles Hall

TITLE
Independent Director
COMPENSATION
$33K
AGE
76
TENURE
12.4 yrs

Lanny Kyle

TITLE
Independent Director
COMPENSATION
$35K
AGE
64
TENURE
12.4 yrs

Chester Gallimore

TITLE
Independent Director
COMPENSATION
$28K
AGE
81
TENURE
12.4 yrs

Joseph Pigg

TITLE
Independent Director
COMPENSATION
$25K
AGE
82
TENURE
12.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Sell Millard's Machinery Inc Company 07. May 19 07. May 19 -7,000 $19.58 $-137,060
21. Feb 19 Sell Bradford Langs Individual 19. Feb 19 19. Feb 19 -25 $17.10 $-428
11. Feb 19 Sell James Haskins Individual 08. Feb 19 08. Feb 19 -500 $17.05 $-8,525
31. Jan 19 Buy Wendy Bell Individual 29. Jan 19 29. Jan 19 2,000 $16.91 $33,820
29. Jan 19 Buy Wendy Bell Individual 28. Jan 19 28. Jan 19 2,200 $16.22 $35,691
14. Dec 18 Sell James Haskins Individual 13. Dec 18 13. Dec 18 -750 $16.80 $-12,600
06. Dec 18 Sell James Haskins Individual 06. Dec 18 06. Dec 18 -1,000 $17.40 $-17,400
14. Nov 18 Buy Matthew Speare Individual 14. Nov 18 14. Nov 18 3,000 $18.69 $56,070
13. Nov 18 Buy Matthew Speare Individual 13. Nov 18 13. Nov 18 5,900 $18.39 $108,501
01. Nov 18 Buy Wendy Bell Individual 30. Oct 18 30. Oct 18 2,600 $17.47 $45,422
01. Nov 18 Sell James Haskins Individual 31. Oct 18 31. Oct 18 -500 $17.34 $-8,670
30. Oct 18 Buy Gregory Feldmann Individual 30. Oct 18 30. Oct 18 200 $17.35 $3,470
29. Jun 18 Sell James Haskins Individual 29. Jun 18 29. Jun 18 -400 $18.00 $-7,200
02. Aug 18 Sell Bradford Langs Individual 31. Jul 18 31. Jul 18 -575 $18.14 $-10,431
X
Management checks
We assess Carter Bank & Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Carter Bank & Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Understated Factors To Consider Before Investing In Carter Bank & Trust (NASDAQ:CARE)

As a small-cap finance stock with a market capitalisation of US$497m, the risk and profitability of Carter Bank & Trust (NASDAQ:CARE) are largely tied to the underlying economic growth of the region it operates in US. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Carter Bank & Trust to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Are You Considering All The Risks For Carter Bank & Trust’s (NASDAQ:CARE)?

As a small-cap bank with a market capitalisation of US$494m, Carter Bank & Trust’s (NASDAQ:CARE) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Carter Bank & Trust’s bottom line. … Today I will take you through some bad debt and liability measures to analyse the level of risky assets held by the bank.

Simply Wall St -

Company Info

Description

Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. It accepts checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposit. The company also offers loans, such as secured and unsecured commercial loans; secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. In addition, it provides safe deposit boxes, direct deposit of payroll and social security checks, and automated drafts for various accounts. As of December 31, 2018, the company operated 105 branches. Carter Bank & Trust is headquartered in Martinsville, Virginia.

Details
Name: Carter Bank & Trust
CARE
Exchange: NasdaqGS
Founded:
$520,110,879
26,308,087
Website: http://www.carterbankandtrust.com
Address: Carter Bank & Trust
1300 Kings Mountain Road,
Martinsville,
Virginia, 24112,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CARE Common Stock Nasdaq Global Select US USD 28. Feb 2007
Number of employees
Current staff
Staff numbers
992
Carter Bank & Trust employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:08
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.