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Carter Bankshares (CARE) Asset Writedowns and Impairment: 2019-2023

Historic Asset Writedowns and Impairment for Carter Bankshares (CARE) over the last 5 years, with Dec 2023 value amounting to $1.1 million.

  • Carter Bankshares' Asset Writedowns and Impairment rose 10.14% to $163,000 in Q4 2022 from the same period last year, while for Dec 2022 it was $741,000, marking a year-over-year decrease of 78.66%. This contributed to the annual value of $1.1 million for FY2023, which is 50.74% up from last year.
  • As of FY2023, Carter Bankshares' Asset Writedowns and Impairment stood at $1.1 million, which was up 50.74% from $741,000 recorded in FY2022.
  • Over the past 5 years, Carter Bankshares' Asset Writedowns and Impairment peaked at $4.5 million during FY2019, and registered a low of $741,000 during FY2022.
  • Moreover, its 3-year median value for Asset Writedowns and Impairment was $1.1 million (2023), whereas its average is $1.8 million.
  • In the last 5 years, Carter Bankshares' Asset Writedowns and Impairment surged by 134.12% in 2021 and then slumped by 78.66% in 2022.
  • Yearly analysis of 5 years shows Carter Bankshares' Asset Writedowns and Impairment stood at $4.5 million in 2019, then crashed by 66.73% to $1.5 million in 2020, then spiked by 134.12% to $3.5 million in 2021, then tumbled by 78.66% to $741,000 in 2022, then skyrocketed by 50.74% to $1.1 million in 2023.