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Carter Bankshares cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$5K in Q3 2026 · $48.5M over twelve months

Operating cash flow$1.5M
Capital spending−$1.5M
Free cash flow−$5K
Cash / net income0.2×

Analysis

In Q3 2026, Carter Bankshares generated $1.5M of operating cash flow and spent $1.5M on capital projects, leaving free cash flow of −$5K. That is $10.3M less than in Q3 2025 ($10.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $57.0M; the largest uses were other financing ($253M), buybacks ($11.0M), capital spending ($8.5M); besides operations, cash came from other investing ($210M); the cash balance fell by $5.2M.

Operating cash flow was $1.5M against net income of $7.8M — 0.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: other liabilities +$4.4M, depreciation & amortization +$2.2M, stock-based pay +$824K.

Free cash flow

Carter Bankshares: free cash flow by quarterCarter Bankshares: free cash flow by quarter$8.3MQ4 2024$4.9MQ1 2025$7.7MQ2 2025$10.3MQ3 2025$9.0MQ4 2025$302MQ1 2026−$263MQ2 2026−$5KQ3 2026
Operating cash flow less capital spending.
Carter Bankshares: operating cash flow against capital spendingCarter Bankshares: operating cash flow against capital spendingOperating cash flowCapital spending$11.5M$3.1MQ4 2024$6.4M$1.5MQ1 2025$9.6M$1.9MQ2 2025$11.8M$1.5MQ3 2025$12.1M$3.1MQ4 2025$304M$1.5MQ1 2026−$261M$2.3MQ2 2026$1.5M$1.5MQ3 2026
Latest (Q3 2026): Operating cash flow $1.5M, Capital spending $1.5M.

Capital allocation, year by year

Carter Bankshares: where the cash came from (up) and went (down), by fiscal yearCarter Bankshares: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $77.5MFY2021: Capital spending −$8.5MFY2021: Buybacks −$157K$77.5MFY2021FY2022: Operating cash flow $70.8MFY2022: Net borrowing −$201KFY2022: Asset sales $408KFY2022: Capital spending −$5.9MFY2022: Buybacks −$42.9M$71.2MFY2022FY2023: Operating cash flow $46.7MFY2023: Net borrowing −$185KFY2023: Capital spending −$9.8MFY2023: Buybacks −$16.4M$46.7MFY2023FY2024: Operating cash flow $36.9MFY2024: Net borrowing −$179KFY2024: Capital spending −$8.1M$36.9MFY2024FY2025: Operating cash flow $39.9MFY2025: Net borrowing −$232KFY2025: Capital spending −$8.1MFY2025: Acquisitions $53.6MFY2025: Buybacks −$20.0M$93.4MFY2025
Over these 5 years operating cash flow totalled $272M; the largest uses were buybacks ($79.5M) and capital spending ($40.4M). Cash-flow statements as filed.

Where the cash came from and went

Carter Bankshares: sources (+) and uses (−) of cash, Q3 2026Carter Bankshares: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$175MOther investing−$110MOther financing−$60.4MDividends−$2.2MBuybacks−$2.2MCapital spending−$1.5MOperating cash flow$1.5M
Carter Bankshares: sources (+) and uses (−) of cash, TTM to Q3 2026Carter Bankshares: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing−$253MOther investing$210MOperating cash flow$57.0MBuybacks−$11.0MCapital spending−$8.5MCash drawn (+) / kept (−)$5.2M

From profit to cash

Carter Bankshares: net income to operating cash flow, Q3 2026Carter Bankshares: net income to operating cash flow, Q3 2026Net income$7.8MDepreciation & amortization$2.2MStock-based pay$824KDeferred taxes$578KPrepaid and other assets−$21KOther liabilities$4.4MOperating cash flow$1.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$1.5M−$1.5M−$2.2M−$2.2M$175M−$5K
Q2 2026−$261M−$2.3M——−$48.2M−$263M
Q1 2026$304M−$1.5M——−$123M$302M
Q4 2025$12.1M−$3.1M−$6.0M—$1.8M$9.0M
Q3 2025$11.8M−$1.5M−$4.9M—−$7.0M$10.3M
Q2 2025$9.6M−$1.9M——−$10.9M$7.7M
Q1 2025$6.4M−$1.5M——$42.2M$4.9M
Q4 2024$11.5M−$3.1M——−$26.2M$8.3M

Carter Bankshares: income statement and cash flow

Carter Bankshares, Q3 2026: revenue $46.2M (+18% year over year), operating margin 13.8%. The chart follows the revenue to costs, profit and cash.

Carter Bankshares: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.