Carter Bankshares, Inc. (CARE)

Nasdaq: CARE · National Commercial Banks · Martinsville, VA · filing with the SEC since 2020

Grade5.0

◀ Past 6.0● Present 4.1▶ Future 4.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Report filed	Mar 5, 2026	Mar 7, 2025	Mar 8, 2024	Mar 10, 2023	Mar 11, 2022	Mar 12, 2021	·
Revenue	20,315	19,413	17,267	18,332^r	17,486^r	17,991	12,782
For lenders
Interest and dividend income	232,222	221,729	196,420	160,182	133,897	140,941	159,120
Interest expense on deposits and borrowings	101,402	107,272	74,110	20,254	·	·	·
Net interest income	130,820	114,457	122,310	139,928	111,183	105,115	112,347
Provision for credit losses	-3,831	-5,046	6,401	2,928	2,081	18,006	3,404
Net interest income after provision	134,651	119,503	115,909	137,000	109,102	87,109	108,943
Noninterest income	22,404	21,368	18,278	21,718	28,881	26,580	16,870
Noninterest expense	117,054	110,002	105,466	97,001	102,285	158,775	98,029
Interest expense	·	·	74,110	20,254	22,714	35,826	46,773
Income before income taxes	40,001	30,869	28,721	61,717	35,698	-45,086	27,784
Income tax expense	8,639	6,346	5,337	11,599	4,108	772	1,209
Net income	31,362	24,523	23,384	50,118	31,590	-45,858	26,575
Net income to common shareholders	31,001	24,275	23,187	49,823	31,463	-45,858	26,509
Earnings per share, basic	1.38	1.06	1.00	2.03	1.19	-1.74	1.01
Earnings per share, diluted	1.38	1.06	1.00	2.03	1.19	-1.74	1.01
Weighted average shares, basic	22,456,705	22,817,149	23,240,543	24,595,789	26,342,729	26,379,774	26,258,576
Weighted average shares, diluted	22,456,705	22,817,149	23,240,543	24,595,789	26,342,729	26,379,774	26,258,576

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton CARE · research, not advice