Carter Bankshares, Inc. (CARE)

Heartland Financial USA 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	193.77	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	226.85	221.73	196.42	160.18	133.9	140.94
Interest Paid on Deposits	94.57	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	106.41	107.27	74.11	20.25	22.71	35.83
Net Interest Income	120.44	114.46	122.31	139.93	111.18	105.12
Net Interest Income Growth (YoY)	8.19%	-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	22.57	21.3	19.8	21.6	22.01	19.36
Total Non-Interest Income	22.6	21.37	18.28	21.1	27.17	25.39
Non-Interest Income Growth (YoY)	18.36%	16.91%	-13.36%	-22.36%	7.01%	76.13%
Revenues Before Loan Losses	143.04	135.83	140.59	161.03	138.36	130.51
Provision for Loan Losses	-10.08	-5.05	6.4	2.93	2.08	18.01
Revenue	153.12	140.87	134.19	158.1	136.28	112.5
Revenue Growth (YoY)	21.78%	4.98%	-15.12%	16.01%	21.13%	-8.80%
Salaries and Employee Benefits	55.28	55.96	54.6	51.09	53.12	51.37
Occupancy Expenses	16.65	15.48	13.98	13.53	13.56	13.27
Federal Deposit Insurance	5.81	6.2	4.9	2.02	2.16	2.31
Selling, General & Administrative	18	16.6	14.97	14.4	13.21	12.71
Other Non-Interest Expense	17.91	15.76	17.01	15.36	14.91	13.64
Total Non-Interest Expense	113.65	110	105.47	96.38	100.58	95.4
EBT Excluding Unusual Items	39.48	30.87	28.72	61.72	35.7	17.11
Pretax Income	39.48	30.87	28.72	61.72	35.7	-45.09
Income Tax Expense	8.1	6.35	5.34	11.6	4.11	0.77
Net Income	31.37	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	31.12	24.28	23.19	49.82	31.46	-45.86
Net Income Growth	153.96%	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)	0.08%	-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	154.06%	6.25%	-50.75%	70.22%	-	-
Effective Tax Rate	20.53%	20.56%	18.58%	18.79%	11.51%	-

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q