Carter Bankshares, Inc.
Close on Oct 19, 2026
- Market cap
- $649.70M
- P/E (TTM)
- 5.1
- Dividend yield
- –
About Carter Bankshares
National Commercial Banks, SIC 6021
Carter Bankshares, Inc. operates as a financial holding company providing commercial and consumer banking services through its subsidiary, Carter Bank & Trust. Its commercial offerings include secured and unsecured loans, real estate financing, construction and acquisition lending, and commercial and industrial loans, alongside treasury and cash management services. For retail clients, the company delivers deposit solutions such as checking, savings, retirement, money market, and certificate of deposit accounts. It also extends residential mortgages, personal loans, vehicle financing, credit cards, digital banking tools, and title insurance products.
Headquartered in Martinsville, Virginia, the banking institution conducts its operations across a two-state footprint. It maintains a network of 64 banking branches situated in Virginia and North Carolina. The organization employs 687 full-time associates throughout its operational territory.
Summary of the business section of Carter Bankshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Carter Bankshares, Inc.
- Founded
- 2006
- Headquarters
- Martinsville, VA
- Address
- 1300 Kings Mountain Road 24112
- Phone
- (276) 656-1776
- Website
- cbtcares.com
- Employees
- 687, Dec 31, 2025
- Industry
- National Commercial Banks
- Incorporated in
- Virginia
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Washington, D.C.
Stock & identifiers
- Ticker
- CARE
- Exchange
- Nasdaq
- Shares outstanding
- 22M, Aug 3, 2026
- Public float
- $377.79M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1829576
- CUSIP
- 146103106
- ISIN
- US1461031064
- LEI
- 549300SO0M022D8D8358
- EIN
- 85-3365661
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Dyke Litz H. Van | CHIEF EXECUTIVE OFFICER, Director | 79,767 |
| Bradford N. Langs | PRESIDENT, CHIEF STRATEGY OFCR | 33,242 |
| Jane Ann Davis | EVP, CHIEF ADMIN. OFFICER | 17,327 |
| Matthew M. Speare | SEVP, CHIEF OPERATING OFFICER | 31,798 |
| Tony E. Kallsen | SEVP, CHIEF CREDIT OFFICER | 26,091 |
| Wendy S. Bell | SENIOR EXECUTIVE VP, CFO | 46,651 |
| Arthur Loran Adams | EVP, DIRECTOR OF REG RISK MNGT | 16,302 |
| Catharine L. Midkiff | Director | 18,056 |
| Gregory W. Feldmann | Director | 16,921 |
| Robert M. Bolton | Director | 67,629 |
| Elizabeth L. Walsh | Director | 446,568 |
| James W. Haskins | Director | 64,453 |
| Curtis E. Stephens | Director | 9,032 |
| Jacob A. Lutz III | Director | 19,690 |
| Michael R. Bird | Director | 16,576 |
| Phyllis Q. Karavatakis | Director | 21,695 |
| Kevin S. Bloomfield | Director | 18,220 |
| Edward Warren Matthews | Director | 18,611 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Litz Van Dyke | $1.36M | $1.38M | $768.92K | $183 | $211 |
| FY2024 Litz Van Dyke | $1.31M | $1.38M | $790.57K | $164 | $165 |
| FY2023 Litz Van Dyke | $784.63K | $798.30K | $506.54K | $140 | $123 |
| FY2022 Litz Van Dyke | $1.26M | $1.26M | $680.98K | $155 | $113 |
| FY2021 Litz Van Dyke | $934.33K | $890.96K | $536.16K | $144 | $136 |
| FY2020 Litz Van Dyke | $785.74K | $755.84K | $405.95K | $46 | $87 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company employed 687 full-time associates across our two-state footprint.”