Carter Bankshares Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
CARE$29.48+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| (Dollars in Thousands) | Common Stock | Additional Paid-inCapital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Shareholder's Equity |
| Balance January 1, 2022 | $26,431 | $143,988 | $235,475 | $1,702 | $407,596 |
| Net Income | — | — | 50,118 | — | 50,118 |
| Other Comprehensive Loss, Net of Tax | — | — | — | (87,318) | (87,318) |
| Repurchase of Common Stock (2,587,361 shares) | (2,587) | (40,340) | — | — | (42,927) |
| Forfeiture of Restricted Stock (14,141 shares) | (14) | (142) | — | — | (156) |
| Issuance of Restricted Stock (127,355 shares) | 127 | (127) | — | — | — |
| Recognition of Restricted Stock Compensation Expense | — | 1,314 | — | — | 1,314 |
| Balance December 31, 2022 | $23,957 | $104,693 | $285,593 | $(85,616) | $328,627 |
| Cumulative Effect of the Adoption of ASU 2023-02 | — | — | 106 | — | 106 |
| Balance at January 1, 2023 | 23,957 | 104,693 | 285,699 | (85,616) | 328,733 |
| Net Income | — | — | 23,384 | — | 23,384 |
| Other Comprehensive Income, Net of Tax | — | — | — | 14,177 | 14,177 |
| 1% Excise Tax on Stock Buybacks | — | (153) | — | — | (153) |
| Repurchase of Common Stock (1,132,232 shares) | (1,132) | (15,284) | — | — | (16,416) |
| Forfeiture of Restricted Stock (5,333 shares) | (5) | (38) | — | — | (43) |
| Issuance of Restricted Stock (137,097 shares) | 137 | (137) | — | — | — |
| Recognition of Restricted Stock Compensation Expense | — | 1,561 | — | — | 1,561 |
| Balance December 31, 2023 | $22,957 | $90,642 | $309,083 | $(71,439) | $351,243 |
| Net Income | — | — | 24,523 | — | 24,523 |
| Other Comprehensive Income, Net of Tax | — | — | — | 6,918 | 6,918 |
| Forfeiture of Restricted Stock (15,244 shares) | (16) | (107) | — | — | (123) |
| Issuance of Restricted Stock (128,115 shares) | 128 | (128) | — | — | — |
| Recognition of Restricted Stock Compensation Expense | — | 1,752 | — | — | 1,752 |
| Balance December 31, 2024 | $23,069 | $92,159 | $333,606 | $(64,521) | $384,313 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.