Carter Bankshares Balance Sheet Health
Financial Health criteria checks 4/6
Carter Bankshares has total assets of $4.6B and total equity of $386.8M. Total deposits are $4.1B, and total loans are $3.5B earning a Net Interest Margin of 2.9%. It has insufficient allowance for bad loans, which are currently at 8% of total loans. Cash and short-term investments are $118.7M.
Key information
11.9x
Asset to equity ratio
2.9%
Net interest margin
| Total deposits | US$4.09b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 8.0% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$118.75m |
Recent financial health updates
No updates
Recent updates
Analysts Just Made A Major Revision To Their Carter Bankshares, Inc. (NASDAQ:CARE) Revenue Forecasts
Aug 01
It Looks Like Carter Bankshares, Inc.'s (NASDAQ:CARE) CEO May Expect Their Salary To Be Put Under The Microscope
Jun 17Would Shareholders Who Purchased Carter Bankshares' (NASDAQ:CARE) Stock Three Years Be Happy With The Share price Today?
Mar 05How Much Are Carter Bankshares, Inc. (NASDAQ:CARE) Insiders Taking Off The Table?
Jan 28Carter Bank inks agreement with Pendleton Community Bank
Jan 14Carter Bank & Trust EPS of -$2.19
Oct 29Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CARE's Assets to Equity ratio (11.9x) is moderate.
Allowance for Bad Loans: CARE has a low allowance for bad loans (28%).
Low Risk Liabilities: 97% of CARE's liabilities are made up of primarily low risk sources of funding.
Loan Level: CARE has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: CARE's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: CARE has a high level of bad loans (8%).
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 05:48 |
| End of Day Share Price | 2024/12/26 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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.
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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 |