Carter Bankshares Management
Management criteria checks 4/4
Carter Bankshares' CEO is Litz Van Dyke, appointed in Nov 2020, has a tenure of 3.5 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 $553.19K. The average tenure of the management team and the board of directors is 4.3 years and 6.3 years respectively.
Key information
Litz Van Dyke
Chief executive officer
US$784.6k
Total compensation
| CEO salary percentage | 82.2% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.3yrs |
| Board average tenure | 6.3yrs |
Recent management 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 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2018 | n/a | n/a | US$3m |
| Jun 30 2018 | n/a | n/a | US$11m |
| Mar 31 2018 | n/a | n/a | US$2m |
| Dec 31 2017 | US$631k | US$440k | -US$681k |
Compensation vs Market: Litz's total compensation ($USD784.63K) is below average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Litz's compensation has been consistent with company performance over the past year.
CEO
Litz Van Dyke (59 yo)
3.5yrs
Tenure
US$784,630
Compensation
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, 201...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.5yrs | US$784.63k | 0.20% $ 553.2k | |
| Vice Chairman | 7.3yrs | no data | 0.078% $ 219.9k | |
| Chief Financial Officer | 3.5yrs | US$494.58k | 0.13% $ 358.8k | |
| Executive VP & Director of Regulatory Risk Management | 5.4yrs | no data | 0.028% $ 77.6k | |
| Secretary | no data | no data | no data | |
| Assistant Vice President | no data | no data | no data | |
| Vice President and Managing Officer of Blacksburg Office | 10.8yrs | no data | no data |
4.3yrs
Average Tenure
60yo
Average Age
Experienced Management: CARE's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.3yrs | US$784.63k | 0.20% $ 553.2k | |
| Vice Chairman | 7.3yrs | no data | 0.078% $ 219.9k | |
| Lead Independent Director | 7.3yrs | US$82.82k | 0.059% $ 165.2k | |
| Independent Director | 2.2yrs | US$72.90k | 0.070% $ 195.5k | |
| Independent Director | 3.6yrs | US$68.82k | 0.047% $ 132.6k | |
| Chairman of the Board | 42.3yrs | US$101.82k | 0.28% $ 776.7k | |
| Independent Director | 26.3yrs | US$71.73k | 0.073% $ 204.3k | |
| Independent Director | 6.3yrs | US$75.82k | 0.056% $ 157.6k | |
| Independent Director | 6.3yrs | US$72.32k | 0.075% $ 209.6k | |
| Independent Director | 3.6yrs | US$68.82k | 0.042% $ 118.9k | |
| Independent Director | 3.6yrs | US$68.82k | 0.094% $ 264.4k | |
| Independent Director | 2.2yrs | US$68.82k | 0.023% $ 65.7k |
6.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: CARE's board of directors are considered experienced (6.3 years average tenure).