Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Carter Bankshares's share price for the quarter that ended in Dec. 2023 was $14.97. Carter Bankshares's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 23.0 Mil. Therefore, Carter Bankshares's market cap for the quarter that ended in Dec. 2023 was $343.7 Mil.
Carter Bankshares's quarterly market cap
declined
from Jun. 2023 ($345.7 Mil) to Sep. 2023 ($287.6 Mil) but then
increased
from Sep. 2023 ($287.6 Mil) to Dec. 2023 ($343.7 Mil).
Carter Bankshares's annual market cap
declined
from Dec. 2021 ($406.8 Mil) to Dec. 2022 ($397.4 Mil) and
declined
from Dec. 2022 ($397.4 Mil) to Dec. 2023 ($343.7 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Carter Bankshares's Enterprise Value for Today is $617.7 Mil.
Carter Bankshares Market Cap Historical Data
The historical data trend for Carter Bankshares's Market Cap can be seen below:
* 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.
Competitive Comparison of Carter Bankshares's Market Cap
For the Banks - Regional subindustry, Carter Bankshares's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carter Bankshares's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Carter Bankshares's Market Cap distribution charts can be found below:
* The bar in red indicates where Carter Bankshares's Market Cap falls into.
Carter Bankshares Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Carter Bankshares's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NAS:CARE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Carter Bankshares Market Cap Related Terms
Thank you for viewing the detailed overview of Carter Bankshares's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Carter Bankshares (Carter Bankshares) Business Description
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.
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