Carter Bank and Trust (CARE) financial statements
Carter Bank and Trust reported revenue of $20M in fiscal 2025, up 8.0% a year over 6 years.
Net income was $31M.
Free cash flow was $32M, and the company returned $20M in net buybacks.
The diluted share count fell 14% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Carter Bank and Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $13M | $18M | $20M | $18M | $17M | $19M | $20M |
| Interest expense | $47M | $36M | $23M | $20M | $74M | — | — |
| Pre-tax income | $28M | -$45M | $36M | $62M | $29M | $31M | $40M |
| Income tax | $1M | $772,000 | $4M | $12M | $5M | $6M | $9M |
| Net income | $27M | -$46M | $32M | $50M | $23M | $25M | $31M |
| EPS (diluted) | $1.01 | -$1.74 | $1.19 | $2.03 | $1.00 | $1.06 | $1.38 |
| Diluted shares | 26M | 26M | 26M | 25M | 23M | 23M | 22M |
| Net margin | 207.9% | -254.9% | 158.7% | 273.4% | 135.4% | 126.3% | 154.4% |
Balance sheet
Fiscal years, from Carter Bank and Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $126M | $242M | $278M | $47M | $55M | $131M | $105M |
| Property, plant and equipment | — | $85M | $75M | $72M | $74M | $74M | $72M |
| Goodwill | — | — | — | — | — | $0 | $1M |
| Total assets | — | $4.2B | $4.1B | $4.2B | $4.5B | $4.7B | $4.9B |
| Total liabilities | — | $3.7B | $3.7B | $3.9B | $4.2B | $4.3B | $4.4B |
| Shareholders' equity | $473M | $440M | $408M | $329M | $351M | $384M | $420M |
| Net debt | -$126M | -$242M | -$278M | -$47M | -$55M | -$131M | -$105M |
Cash flow
Fiscal years, from Carter Bank and Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $38M | $8M | $78M | $71M | $47M | $37M | $40M |
| Capital spending | $8M | $10M | $8M | $6M | $10M | $8M | $8M |
| Free cash flow | $30M | -$2M | $69M | $65M | $37M | $29M | $32M |
| Stock-based compensation | $381,000 | $1M | $1M | $1M | $2M | $2M | $2M |
| Dividends paid | $0 | $4M | $0 | $0 | — | — | — |
| Share buybacks (net) | $0 | $0 | -$157,000 | -$43M | -$16M | $0 | -$20M |
| Free cash flow margin | 233.4% | -13.4% | 347.0% | 354.0% | 213.9% | 148.4% | 156.6% |
| Dividends per share | — | $0.14 | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for CARE.
Open CARE in InvestinglyQuestions
What was Carter Bank and Trust's revenue in 2025?
$20M in fiscal 2025, from its 10-K filing.
How much free cash flow does Carter Bank and Trust generate?
$32M in fiscal 2025 (operating cash flow minus capital spending).
From Carter Bank and Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.