Carter Bankshares, Inc. (CARE)

Carter Bankshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	196.35	188.65	162.46	138.66	120.18	124.92
Interest Income on Investments	33.08	33.08	33.96	21.52	13.72	16.02
Total Interest Income	229.43	221.73	196.42	160.18	133.9	140.94
Interest Paid on Deposits	92.22	95.43	52.63	18.62	22.25	35.39
Interest Paid on Borrowings	11.84	11.84	21.48	1.64	0.47	0.44
Total Interest Expense	104.06	107.27	74.11	20.25	22.71	35.83
Net Interest Income	125.36	114.46	122.31	139.93	111.18	105.12
Net Interest Income Growth (YoY)	11.21%	-6.42%	-12.59%	25.85%	5.77%	-6.44%
Gain (Loss) on Sale of Assets	-	-	-	0.07	-	-0.1
Gain (Loss) on Sale of Investments	0.03	0.07	-1.52	-0.58	5.16	5.79
Other Non-Interest Income	22.52	21.3	19.8	21.6	22.01	19.36
Total Non-Interest Income	22.55	21.37	18.28	21.1	27.17	25.39
Non-Interest Income Growth (YoY)	17.16%	16.91%	-13.36%	-22.36%	7.01%	76.13%
Revenues Before Loan Losses	147.91	135.83	140.59	161.03	138.36	130.51
Provision for Loan Losses	-6.61	-5.05	6.4	2.93	2.08	18.01
Revenue	154.52	140.87	134.19	158.1	136.28	112.5
Revenue Growth (YoY)	20.24%	4.98%	-15.12%	16.01%	21.13%	-8.80%
Salaries and Employee Benefits	54.7	55.96	54.6	51.09	53.12	51.37
Occupancy Expenses	17.28	15.48	13.98	13.53	13.56	13.27
Federal Deposit Insurance	5.73	6.2	4.9	2.02	2.16	2.31
Selling, General & Administrative	18.76	16.6	14.97	14.4	13.21	12.71
Other Non-Interest Expense	18.44	15.76	17.01	15.36	14.91	13.64
Total Non-Interest Expense	114.92	110	105.47	96.38	100.58	95.4
EBT Excluding Unusual Items	39.6	30.87	28.72	61.72	35.7	17.11
Pretax Income	39.6	30.87	28.72	61.72	35.7	-45.09
Income Tax Expense	8.44	6.35	5.34	11.6	4.11	0.77
Net Income	31.16	24.52	23.38	50.12	31.59	-45.86
Preferred Dividends & Other Adjustments	0.25	0.25	0.2	0.3	0.13	-
Net Income to Common	30.91	24.28	23.19	49.82	31.46	-45.86
Net Income Growth	117.08%	4.87%	-53.34%	58.65%	-	-
Basic Shares Outstanding	23	23	23	25	26	26
Diluted Shares Outstanding	23	23	23	25	26	26
Shares Change (YoY)	-0.40%	-1.82%	-5.51%	-6.63%	-0.14%	0.46%
EPS (Basic)	1.36	1.06	1.00	2.03	1.19	-1.74
EPS (Diluted)	1.36	1.06	1.00	2.03	1.19	-1.74
EPS Growth	118.89%	6.25%	-50.75%	70.22%	-	-
Effective Tax Rate	21.31%	20.56%	18.58%	18.79%	11.51%	-

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q