Carter Bankshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Interest Income on Loans	209.26	202.25	188.65	162.46	138.66	120.18
Interest Income on Investments	29.88	29.98	33.08	33.96	21.52	13.72
Total Interest Income	239.14	232.22	221.73	196.42	160.18	133.9
Interest Paid on Deposits	90.06	96.18	95.43	52.63	18.62	22.25
Interest Paid on Borrowings	4.88	5.22	11.84	21.48	1.64	0.47
Total Interest Expense	94.94	101.4	107.27	74.11	20.25	22.71
Net Interest Income	144.21	130.82	114.46	122.31	139.93	111.18
Net Interest Income Growth	19.73%	14.30%	-6.42%	-12.59%	25.85%	5.77%
Gain (Loss) on Sale of Assets	-	-	-	-	0.07	-
Gain (Loss) on Sale of Investments	-12.41	0.05	0.07	-1.52	-0.58	5.16
Other Non-Interest Income	57.7	22.36	21.3	19.8	21.6	22.01
Total Non-Interest Income	110.3	22.4	21.37	18.28	21.1	27.17
Non-Interest Income Growth	388.07%	4.85%	16.91%	-13.36%	-22.36%	7.01%
Revenues Before Loan Losses	254.51	153.22	135.83	140.59	161.03	138.36
Provision for Loan Losses	-31.71	-3.83	-5.05	6.4	2.93	2.08
Revenue	286.21	157.06	140.87	134.19	158.1	136.28
Revenue Growth	86.92%	11.49%	4.98%	-15.12%	16.01%	21.13%
Salaries and Employee Benefits	56.67	55.57	55.96	54.6	51.09	53.12
Occupancy Expenses	18.11	17.37	15.48	13.98	13.53	13.56
Federal Deposit Insurance	4.25	5.84	6.2	4.9	2.02	2.16
Selling, General & Administrative	20.82	18.97	16.6	14.97	14.4	13.21
Other Non-Interest Expense	20.44	18.89	15.76	17.01	15.36	14.91
Total Non-Interest Expense	120.29	116.64	110	105.47	96.38	100.58
EBT Excluding Unusual Items	165.93	40.42	30.87	28.72	61.72	35.7
Pretax Income	165.51	40	30.87	28.72	61.72	35.7
Income Tax Expense	36.94	8.64	6.35	5.34	11.6	4.11
Net Income	128.57	31.36	24.52	23.38	50.12	31.59
Preferred Dividends & Other Adjustments	1.69	0.36	0.25	0.2	0.3	0.13
Net Income to Common	126.88	31	24.28	23.19	49.82	31.46
Net Income Growth	308.77%	27.71%	4.69%	-53.46%	58.35%	-
Basic Shares Outstanding	22	22	23	23	25	26
Diluted Shares Outstanding	22	22	23	23	25	26
Shares Change	-3.85%	-1.58%	-1.82%	-5.51%	-6.63%	-0.14%
EPS (Basic)	5.78	1.38	1.06	1.00	2.03	1.19
EPS (Diluted)	5.77	1.38	1.06	1.00	2.03	1.19
EPS Growth	324.79%	30.19%	6.25%	-50.75%	70.22%	-
Dividend Per Share	0.100	-	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Effective Tax Rate	22.32%	21.60%	20.56%	18.58%	18.79%	11.51%

SEC Filings: 10-K · 10-Q