Carter Bankshares, Inc. (CARE)
NASDAQ: CARE · Real-Time Price · USD
18.25
-0.11 (-0.60%)
At close: Aug 15, 2025, 4:00 PM
18.30
+0.05 (0.27%)
After-hours: Aug 15, 2025, 4:04 PM EDT
Carter Bankshares Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Interest Income on Loans | 195.58 | 188.65 | 162.46 | 138.66 | 120.18 | 124.92 | Upgrade
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| Interest Income on Investments | 31.27 | 33.08 | 33.96 | 21.52 | 13.72 | 16.02 | Upgrade
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| Total Interest Income | 226.85 | 221.73 | 196.42 | 160.18 | 133.9 | 140.94 | Upgrade
|
| Interest Paid on Deposits | 101.07 | 95.43 | 52.63 | 18.62 | 22.25 | 35.39 | Upgrade
|
| Interest Paid on Borrowings | 5.34 | 11.84 | 21.48 | 1.64 | 0.47 | 0.44 | Upgrade
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| Total Interest Expense | 106.41 | 107.27 | 74.11 | 20.25 | 22.71 | 35.83 | Upgrade
|
| Net Interest Income | 120.44 | 114.46 | 122.31 | 139.93 | 111.18 | 105.12 | Upgrade
|
| Net Interest Income Growth (YoY) | 8.19% | -6.42% | -12.59% | 25.85% | 5.77% | -6.44% | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | 0.07 | - | -0.1 | Upgrade
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| Gain (Loss) on Sale of Investments | 0.03 | 0.07 | -1.52 | -0.58 | 5.16 | 5.79 | Upgrade
|
| Other Non-Interest Income | 22.57 | 21.3 | 19.8 | 21.6 | 22.01 | 19.36 | Upgrade
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| Total Non-Interest Income | 22.6 | 21.37 | 18.28 | 21.1 | 27.17 | 25.39 | Upgrade
|
| Non-Interest Income Growth (YoY) | 18.36% | 16.91% | -13.36% | -22.36% | 7.01% | 76.13% | Upgrade
|
| Revenues Before Loan Losses | 143.04 | 135.83 | 140.59 | 161.03 | 138.36 | 130.51 | Upgrade
|
| Provision for Loan Losses | -10.08 | -5.05 | 6.4 | 2.93 | 2.08 | 18.01 | Upgrade
|
| Revenue | 153.12 | 140.87 | 134.19 | 158.1 | 136.28 | 112.5 | Upgrade
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| Revenue Growth (YoY) | 21.78% | 4.98% | -15.12% | 16.01% | 21.13% | -8.80% | Upgrade
|
| Salaries and Employee Benefits | 55.14 | 55.96 | 54.6 | 51.09 | 53.12 | 51.37 | Upgrade
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| Occupancy Expenses | 16.65 | 15.48 | 13.98 | 13.53 | 13.56 | 13.27 | Upgrade
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| Federal Deposit Insurance | 5.81 | 6.2 | 4.9 | 2.02 | 2.16 | 2.31 | Upgrade
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| Selling, General & Administrative | 18.14 | 16.6 | 14.97 | 14.4 | 13.21 | 12.71 | Upgrade
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| Other Non-Interest Expense | 17.91 | 15.76 | 17.01 | 15.36 | 14.91 | 13.64 | Upgrade
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| Total Non-Interest Expense | 113.65 | 110 | 105.47 | 96.38 | 100.58 | 95.4 | Upgrade
|
| EBT Excluding Unusual Items | 39.48 | 30.87 | 28.72 | 61.72 | 35.7 | 17.11 | Upgrade
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| Pretax Income | 39.48 | 30.87 | 28.72 | 61.72 | 35.7 | -45.09 | Upgrade
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| Income Tax Expense | 8.1 | 6.35 | 5.34 | 11.6 | 4.11 | 0.77 | Upgrade
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| Net Income | 31.37 | 24.52 | 23.38 | 50.12 | 31.59 | -45.86 | Upgrade
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| Preferred Dividends & Other Adjustments | 0.25 | 0.25 | 0.2 | 0.3 | 0.13 | - | Upgrade
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| Net Income to Common | 31.12 | 24.28 | 23.19 | 49.82 | 31.46 | -45.86 | Upgrade
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| Net Income Growth | 153.96% | 4.87% | -53.34% | 58.65% | - | - | Upgrade
|
| Basic Shares Outstanding | 23 | 23 | 23 | 25 | 26 | 26 | Upgrade
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| Diluted Shares Outstanding | 23 | 23 | 23 | 25 | 26 | 26 | Upgrade
|
| Shares Change (YoY) | 0.08% | -1.82% | -5.51% | -6.63% | -0.14% | 0.46% | Upgrade
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| EPS (Basic) | 1.36 | 1.06 | 1.00 | 2.03 | 1.19 | -1.74 | Upgrade
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| EPS (Diluted) | 1.36 | 1.06 | 1.00 | 2.03 | 1.19 | -1.74 | Upgrade
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| EPS Growth | 154.06% | 6.25% | -50.75% | 70.22% | - | - | Upgrade
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| Effective Tax Rate | 20.53% | 20.56% | 18.58% | 18.79% | 11.51% | - | Upgrade
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Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.