Carter Bankshares, Inc. (CARE) — Financial statements
Income statement, balance sheet, and cash flow for Carter Bankshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 255↑6.2% | 240↑13.1% | 212↑18.2% | 179↑14.6% | 156 | |
| Cost of Revenue | 98↓4.6% | 102↑27.0% | 81↑247.3% | 23↓6.5% | 25 | |
| Gross Profit | 157↑14.3% | 137↑4.7% | 131↓15.8% | 156↑18.5% | 132 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 75↑17.6% | 64↑5.5% | 61↑11.7% | 54↓3.4% | 56 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 3↑50.0% | 2↑18.1% | 1↑50.6% | 0.95 | |
| SG&A Expenses | 75↑13.1% | 67↑6.7% | 62↑11.8% | 56↓2.5% | 57 | |
| Other Expenses | 42↑4.4% | 40↓0.5% | 40↑4.5% | 38↓0.6% | 39 | |
| Operating Expenses | 117↑9.8% | 107↑3.9% | 103↑8.8% | 94↓1.7% | 96 | |
| Total Costs & Expenses | 215↑2.8% | 209↑14.0% | 183↑55.9% | 117↓2.7% | 121 | |
| Operating Results | ||||||
| Operating Income | 40↑29.6% | 31↑7.5% | 29↓53.5% | 62↑72.9% | 36 | |
| Depreciation & Amortization | 0.00↓100.0% | 7↑12.9% | 6↑3.1% | 6↓2.7% | 6 | |
| EBITDA | 40↑5.5% | 38↑8.5% | 35↓48.4% | 68↑61.7% | 42 | |
| EBIT | 40↑29.6% | 31↑7.5% | 29↓53.5% | 62↑72.9% | 36 | |
| Interest & Other Income | ||||||
| Net Interest Income | 131↑15.3% | 113↓6.1% | 121↓13.5% | 140↑25.9% | 111 | |
| Interest Income | 232↑5.2% | 221↑13.2% | 195↑21.8% | 160↑19.6% | 134 | |
| Interest Expense | 101↓5.5% | 107↑44.7% | 74↑265.9% | 20↓10.8% | 23 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 40↑29.6% | 31↑7.5% | 29↓53.5% | 62↑72.9% | 36 | |
| Income Tax Expense | 9↑36.1% | 6↑18.9% | 5↓54.0% | 12↑182.4% | 4 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 31↑27.9% | 25↑4.9% | 23↓53.3% | 50↑58.7% | 32 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 31↑27.9% | 25↑4.9% | 23↓53.3% | 50↑58.7% | 32 | |
| Bottom-Line Net Income | 31↑27.9% | 25↑5.8% | 23↓53.5% | 50↑58.4% | 31 | |
| EPS (Basic) | 1.40↑32.1% | 1.06↑6.0% | 1.00↓50.7% | 2.03↑69.2% | 1.20 | |
| EPS (Diluted) | 1.40↑32.1% | 1.06↑6.0% | 1.00↓50.7% | 2.03↑69.2% | 1.20 | |
| Weighted Average Shares | 22↓3.4% | 23↑0.0% | 23↓5.5% | 25↓6.6% | 26 | |
| Weighted Average Diluted Shares | 22↓3.4% | 23↑0.0% | 23↓5.5% | 25↓6.6% | 26 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.