Carter Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	130.82	114.46	122.31	139.93	111.18
Net Interest Income Growth	14.30%	-6.42%	-12.59%	25.85%	5.77%
Non-Interest Income	22.4	21.37	18.28	21.72	28.88
Non-Interest Income Growth	4.85%	16.91%	-15.84%	-24.80%	8.66%
Revenues Before Loan Losses	153.22	135.83	140.59	161.65	140.06
Provision for Credit Losses	-3.64	-5.04	5.5	2.42	3.35
Revenue	156.86	140.86	135.09	159.23	136.71
Revenue Growth (YoY)	11.36%	4.28%	-15.16%	16.47%	20.25%
Compensation Expenses	57.74	57.91	55.86	52.4	54.16
Selling, General & Admin	48.23	43.32	38.76	34.7	33.79
Other Non-Interest Expenses	11.08	8.78	10.85	9.91	14.34
Total Non-Interest Expense	117.05	110	105.47	97	102.29
Pretax Income	40	30.87	28.72	61.72	35.7
Provision for Income Taxes	8.64	6.35	5.34	11.6	4.11
Net Income	31.36	24.52	23.38	50.12	31.59
Net Income to Common	31.36	24.52	23.38	50.12	31.59
Net Income Growth	27.89%	4.87%	-53.34%	58.65%	-
Shares Outstanding (Basic)	22	23	23	25	26
Shares Outstanding (Diluted)	22	23	23	25	26
Shares Change (YoY)	-1.58%	-1.82%	-5.51%	-6.63%	-0.14%
EPS (Basic)	1.38	1.06	1.00	2.03	1.19
EPS (Diluted)	1.38	1.06	1.00	2.03	1.19
EPS Growth	30.19%	6.00%	-50.74%	70.59%	-
Shares Outstanding	22.08	23.07	22.96	23.96	26.43
Free Cash Flow	31.81	28.81	36.93	64.9	69.05
Free Cash Flow Growth	10.42%	-22.00%	-43.09%	-6.01%	-
Free Cash Flow Per Share	1.42	1.26	1.59	2.64	2.62
Profit Margin	19.99%	17.41%	17.31%	31.48%	23.11%
FCF Margin	20.28%	20.45%	27.34%	40.76%	50.51%
EBITDA	11.03	10.65	12.6	11.81	11.03
EBITDA Margin	7.03%	7.56%	9.33%	7.42%	8.07%
Effective Tax Rate	21.60%	20.56%	18.58%	18.79%	11.51%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q