← Carter Bankshares, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net Income | $26.6m | ($45.9m) | $31.6m | $50.1m | $23.4m | $24.5m | $31.4m | |
| Net Income From Continuing Operations | — | — | — | $50.1m | $23.4m | $24.5m | $31.4m | |
| Depreciation/Amortization of Bank Premises and Equipment | $5.3m | $6.1m | $6.2m | $6.1m | $6.2m | $7.1m | $7.9m | |
| Net Amortization of Securities | $4.0m | $3.4m | $4.8m | $5.7m | $6.4m | $3.6m | $3.2m | |
| Tax Credit Amortization | $2.3m | $1.1m | $1.7m | $621k | $2.1m | $517k | $649k | |
| Amortization Of Securities | — | — | — | $5.7m | $6.4m | $3.6m | $3.2m | |
| Depreciation | — | — | — | $6.1m | $6.2m | $7.1m | $7.9m | |
| Depreciation Amortization Depletion | — | — | — | $6.1m | $6.2m | $7.1m | $7.9m | |
| Provision for Deferred Taxes | ($76k) | ($1.6m) | $3.1m | $3.6m | $884k | $2.7m | $2.2m | |
| Deferred Income Tax | — | — | — | $4.3m | $2.5m | $3.2m | $2.8m | |
| Deferred Tax | — | — | — | $4.3m | $2.5m | $3.2m | $2.8m | |
| Recognition of Restricted Stock Compensation Expense | $381k | $1.0m | $1.0m | $1.3m | $1.6m | $1.8m | $2.1m | |
| Asset Impairment Charge | — | — | $3.5m | $741k | $1.1m | — | — | |
| (Recovery) Provision for Credit Losses, including (Recovery) Provision for Unfunded Commitments | $3.4m | $18.0m | $2.1m | $2.9m | $6.4m | ($5.0m) | ($3.8m) | |
| Origination of Loans Held-for-Sale | ($329.9m) | ($800.1m) | ($480.4m) | ($8.0m) | ($6.8m) | ($9.0m) | ($29.5m) | |
| Proceeds From Loans Held-for-Sale | $312.9m | $794.6m | $505.9m | $10.2m | $6.9m | $9.1m | $29.3m | |
| Gains on Sales of Loans Held-for-Sale | ($114k) | ($262k) | ($365k) | ($396k) | ($109k) | ($138k) | ($157k) | |
| (Gains) Losses on Sales of Securities, net | ($2.2m) | ($6.9m) | ($6.9m) | ($46k) | $1.5m | ($68k) | ($46k) | |
| Unrealized Gain on Equity Securities | — | — | — | $0 | $0 | ($41k) | ($250k) | |
| Commercial Loan Swap Derivative Loss | — | $214k | ($89k) | ($605k) | $219k | $12k | $107k | |
| Increase in the Value of Life Insurance Contracts | ($1.4m) | ($1.4m) | ($1.4m) | ($1.4m) | ($1.4m) | ($1.5m) | ($1.5m) | |
| Gain on Bank Owned Life Insurance Death Benefit | — | — | — | — | $0 | $0 | ($1.9m) | |
| 1035 Exchange Fee on Bank Owned Life Insurance | — | — | — | — | $0 | $0 | $660k | |
| Balance Sheet Hedge Fair Value Adjustment | — | — | — | $0 | $0 | $125k | $140k | |
| Decrease (Increase) in Other Assets | $10.1m | ($22.6m) | $9.3m | ($3.3m) | ($5.5m) | $1.6m | $1.9m | |
| (Decrease) Increase in Other Liabilities | $2.2m | ($1.6m) | ($2.7m) | $3.5m | $3.8m | $1.7m | ($2.3m) | |
| Proceeds from Sales | $390.5m | $188.2m | $197.1m | $19.8m | $43.3m | $18.0m | $19.0m | |
| Proceeds from Maturities, Redemptions, and Paydowns | $198.2m | $78.9m | $110.2m | $84.7m | $48.9m | $63.5m | $96.9m | |
| Purchases | ($534.1m) | ($277.6m) | ($466.6m) | ($135.6m) | ($24.9m) | ($15.1m) | ($63.7m) | |
| Purchase of Equity Securities | — | — | — | $0 | $0 | ($10.0m) | $0 | |
| Purchase of Bank Premises and Equipment, Net | ($8.5m) | ($10.1m) | ($8.5m) | ($5.9m) | ($9.8m) | ($8.1m) | ($8.1m) | |
| Net Cash Acquired from Branch Purchase | — | — | — | — | $0 | $0 | $53.6m | |
| (Purchase) Redemption of Other Restricted Stock, net | — | — | — | — | ($11.9m) | $15.1m | ($10.3m) | |
| Loan Originations, net | — | ($75.7m) | ($67.1m) | ($342.9m) | ($359.4m) | ($135.9m) | ($255.3m) | |
| Proceeds from Death Benefit on Bank Owned Life Insurance | — | — | — | — | $0 | $0 | $3.1m | |
| Proceeds from Surrender of BOLI Policies | — | — | — | — | $0 | $0 | $7.3m | |
| Proceeds from Sales and Payments of Other Real Estate Owned | $12.6m | $4.2m | $13.3m | $4.8m | $6.8m | $4.2m | $1.6m | |
| Net Change in Demand, Money Markets and Savings Accounts | $50.5m | $469.5m | $369.7m | $14.6m | ($235.7m) | $93.8m | $29.8m | |
| (Decrease) Increase in Certificates of Deposits | ($137.4m) | ($289.1m) | ($276.9m) | ($82.8m) | $325.1m | $337.7m | ($28.3m) | |
| Proceeds from Federal Home Loan Bank Borrowings | $10.0m | $25.0m | $28.0m | $173.6m | $212.8m | $1.9b | $610.0m | |
| Repayments on Federal Home Loan Bank Borrowings | — | — | ($28.0m) | ($127.0m) | ($3.2b) | ($2.2b) | ($501.5m) | |
| Repayments from Federal Funds Purchased, net | — | $0 | $0 | $17.9m | ($17.9m) | $0 | $0 | |
| Transfer from Loans to Other Real Estate Owned | $302k | $755k | $59k | $74k | $110k | $1.2m | $0 | |
| Loans Financed to Purchase Other Real Estate Owned | — | — | — | — | $0 | $0 | $525k | |
| Transfer from Fixed Assets to Other Real Estate Owned | $1.7m | $2.2m | $12.0m | $2.7m | $1.9m | $348k | $1.8m | |
| Right-of-use Asset Recorded in Exchange for Lease Liabilities | $1.7m | $621k | $2.0m | $3.4m | $1.5m | $3.0m | $0 | |
| Stock Repurchase Excise Tax Settled in Subsequent Period | — | — | $0 | $0 | ($153k) | $0 | ($181k) | |
| Beginning Cash Position | — | — | — | $277.8m | $46.9m | $54.5m | $131.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | $80.3m | $267.9m | $108.1m | $90.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($382.1m) | ($307.0m) | ($68.4m) | ($155.9m) | |
| Change In Other Current Assets | — | — | — | ($2.9m) | ($3.8m) | $1.6m | $1.9m | |
| Change In Other Current Liabilities | — | — | — | $3.5m | $3.8m | $1.7m | ($2.3m) | |
| Change In Other Working Capital | — | — | — | ($1.4m) | ($1.4m) | ($1.5m) | ($1.5m) | |
| Change In Working Capital | — | — | — | ($722k) | ($1.4m) | $1.8m | ($2.0m) | |
| Changes In Cash | — | — | — | ($230.9m) | $7.7m | $76.6m | ($26.0m) | |
| End Cash Position | — | — | — | $46.9m | $54.5m | $131.2m | $105.2m | |
| Financing Cash Flow | — | — | — | $80.3m | $267.9m | $108.1m | $90.0m | |
| Free Cash Flow | — | — | — | $64.9m | $36.9m | $28.8m | $31.8m | |
| Gain Loss On Investment Securities | — | — | — | ($46k) | $1.5m | ($68k) | ($46k) | |
| Gain Loss On Sale Of Business | — | — | ($506k) | $0 | $0 | — | — | |
| Gain Loss On Sale Of PPE | — | — | $0 | ($73k) | $0 | — | — | |
| Investing Cash Flow | — | — | — | ($382.1m) | ($307.0m) | ($68.4m) | ($155.9m) | |
| Net Business Purchase And Sale | — | — | — | $0 | $0 | $0 | $53.6m | |
| Net PPE Purchase And Sale | — | — | — | ($5.5m) | ($9.8m) | ($8.1m) | ($8.1m) | |
| Operating Gains Losses | — | — | — | ($1.0m) | $1.6m | ($69k) | $44k | |
| Other Non Cash Items | — | — | — | $2.1m | $109k | $138k | ($1.4m) | |
| Purchase Of Business | — | — | ($73.9m) | $0 | $0 | — | — | |
| Purchase Of PPE | — | — | — | ($5.9m) | ($9.8m) | ($8.1m) | ($8.1m) | |
| Repurchase Of Capital Stock | — | — | — | ($42.9m) | ($16.4m) | $0 | ($20.0m) | |
| Sale Of Business | — | — | — | — | $0 | $0 | $53.6m | |
| Sale Of PPE | — | — | $0 | $408k | $0 | $0 | — | |
| Stock Based Compensation | — | — | — | $1.3m | $1.6m | $1.8m | $2.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | $0 | $0 | ($41k) | ($250k) | |
| Net Cash Provided By Operating Activities | $38.3m | $7.7m | $77.5m | $70.8m | $46.7m | $36.9m | $39.9m | |
| Net Investment Properties Purchase And Sale | — | — | — | $4.8m | $6.8m | $4.2m | $1.6m | |
| Net Investment Purchase And Sale | — | — | — | ($31.2m) | $67.3m | $56.3m | $52.2m | |
| Purchase Of Investment | — | — | — | ($135.6m) | ($24.9m) | ($25.1m) | ($63.7m) | |
| Sale Of Investment | — | — | — | $104.5m | $92.2m | $81.4m | $115.9m | |
| Sale Of Investment Properties | — | — | — | $4.8m | $6.8m | $4.2m | $1.6m | |
| Net Other Investing Changes | — | — | — | ($7.4m) | ($11.9m) | $15.1m | $7k | |
| Net Cash Used In Investing Activities | ($129.4m) | ($93.3m) | ($106.4m) | ($382.1m) | ($307.0m) | ($68.4m) | ($155.9m) | |
| Issuance Of Debt | — | — | — | $300.6m | $3.4b | $1.9b | $610.0m | |
| Long Term Debt Issuance | — | — | — | $300.6m | $3.4b | $1.9b | $610.0m | |
| Net Issuance Payments Of Debt | — | — | — | $173.6m | $212.8m | ($323.4m) | $108.5m | |
| Net Long Term Debt Issuance | — | — | — | $173.6m | $212.8m | ($323.4m) | $108.5m | |
| Long Term Debt Payments | — | — | — | ($127.0m) | ($3.2b) | ($2.2b) | ($501.5m) | |
| Repayment Of Debt | — | — | — | ($127.0m) | ($3.2b) | ($2.2b) | ($501.5m) | |
| Net Common Stock Issuance | — | — | — | ($42.9m) | ($16.4m) | $0 | ($20.0m) | |
| Repurchase of Common Stock | $0 | $0 | ($157k) | ($42.9m) | ($16.4m) | $0 | ($20.0m) | |
| Common Stock Payments | — | — | — | ($42.9m) | ($16.4m) | $0 | ($20.0m) | |
| Cash Dividends Paid | — | — | $0 | $0 | — | — | — | |
| Common Stock Dividend Paid | — | — | $0 | $0 | — | — | — | |
| Net Cash Provided By Financing Activities | ($76.9m) | $201.7m | $64.7m | $80.3m | $267.9m | $108.1m | $90.0m | |
| Net (Decrease) Increase in Cash and Cash Equivalents | ($168.0m) | $116.1m | $35.9m | ($230.9m) | $7.7m | $76.6m | ($26.0m) | |
| Cash and Cash Equivalents at Beginning of Period | $125.8m | $241.9m | $277.8m | $46.9m | $54.5m | $131.2m | $105.2m | |
| Change In Cash Supplemental As Reported | — | — | — | ($230.9m) | $7.7m | $76.6m | ($26.0m) | |
| Cash Interest Paid | $46.2m | $36.7m | $23.5m | $19.3m | $69.1m | $106.3m | $102.6m | |
| Cash Paid for Income Taxes, net of Refunds | $220k | $416k | $2.7m | $5.8m | $5.7m | $478k | $3.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.