Carter Bankshares, Inc. Earnings Per Share Disclosure
| Years ended December 31, | ||||||||||||||||||||
| (Dollars in Thousands, except share and per share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Numerator for Earnings per Common Share – Basic and Diluted | ||||||||||||||||||||
| Net Income | $ | 31,362 | $ | 24,523 | $ | 23,384 | ||||||||||||||
| Less: Income allocated to participating shares | 361 | 248 | 197 | |||||||||||||||||
| Net Income Allocated to Common Shareholders - Basic & Diluted | $ | 31,001 | $ | 24,275 | $ | 23,187 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted Average Shares Outstanding, including Shares Considered Participating Securities | 22,718,202 | 23,050,444 | 23,438,413 | |||||||||||||||||
| Less: Average Participating Securities | 261,497 | 233,295 | 197,870 | |||||||||||||||||
| Weighted Average Common Shares Outstanding - Basic & Diluted | 22,456,705 | 22,817,149 | 23,240,543 | |||||||||||||||||
| Earnings per Common Share – Basic | $ | 1.38 | $ | 1.06 | $ | 1.00 | ||||||||||||||
| Earnings per Common Share – Diluted | $ | 1.38 | $ | 1.06 | $ | 1.00 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 10, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.