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Carter Bankshares (Carter Bankshares) Scaled Net Operating Assets : -0.03 (As of Mar. 2024)


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What is Carter Bankshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Carter Bankshares's operating assets for the quarter that ended in Mar. 2024 was $3,738.0 Mil. Carter Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was $3,885.4 Mil. Carter Bankshares's Total Assets for the quarter that ended in Dec. 2023 was $4,512.5 Mil. Therefore, Carter Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.03.

Carter Bankshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Carter Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(4458.01-3767.896)/4204.519
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4512.539 - 54.529
=4458.01

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4161.296 - 393.4 - 0
=3767.896

Carter Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(3737.999-3885.38)/4512.539
=-0.03

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4554.946 - 816.947
=3737.999

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4195.88 - 310.5 - 0
=3885.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carter Bankshares Scaled Net Operating Assets Related Terms

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Carter Bankshares (Carter Bankshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Carter Bankshares Inc (NAS:CARE) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
6NH:Germany
Address
1300 Kings Mountain Road, Martinsville, VA, USA, 24112
Website
https://www.cbtcares.com
Carter Bankshares Inc is a bank holding company that conducts its business solely through the bank. The Bank earns revenue from interest on loans and securities and fees charged for financial services provided to customers. The Bank offers a full range of deposit services including Lifetime Free Checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. The Bank offers a full range of commercial and consumer loans. The Bank also originates and holds fixed and variable-rate mortgage loans and offers home equity lines of credit to its customers.
Executives
Curtis E Stephens director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Michael R Bird director 1300 KINGS MOUNTAIN ROAD, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Arthur Loran Adams officer: EVP, DIRECTOR OF REG RISK MNGT 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Edward Warren Matthews director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Robert M. Bolton director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
James W. Haskins director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Van Dyke Litz H director, officer: CHIEF EXECUTIVE OFFICER CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Catharine L. Midkiff director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Jane Ann Davis officer: EVP, CHIEF ADMIN. OFFICER BANK BUILDING CORPORATION, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Gregory W Feldmann director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Phyllis Q. Karavatakis director, officer: SR EXEC VP OF SPECIAL PROJECTS CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Lutz Jacob A Iii director 3941 REEDS LANDING CIRCLE, MIDLOTHIAN VA 23113
Robert W Conner director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Tony E Kallsen officer: EVP, CHIEF CREDIT OFFICER 43 SOUTH 9TH STREET, INDIANA PA 15701
Kevin S. Bloomfield director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112