Carter Bankshares (CARE) Deferred Taxes (2020 - 2026)
Carter Bankshares' (CARE) quarterly Deferred Taxes came in at $6.2 million in Q1 2026, up 456.02% YoY from $1.1 million in Q1 2025, and up 421.59% on a QoQ basis from $1.2 million in Q4 2025.
Carter Bankshares (CARE) Deferred Taxes (2020 - 2026) Analysis & Trends
Carter Bankshares (CARE) has 7 years of Deferred Taxes data on file, last reported at $6.2 million in Q1 2026.
- Quarterly Deferred Taxes rose 456.02% year-over-year to $6.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.3 million (up 101.13% YoY) and the FY2025 annual result came in at $2.2 million, down 19.26% from the prior year.
- Deferred Taxes improved to $6.2 million in Q1 2026, from $1.2 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $6.2 million in Q1 2026 to a low of -$1.6 million in Q2 2024.
- A 5-year average of $887705.9 and a median of $455000.0 in 2023 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2022 — Deferred Taxes surged 1197.32% — and 2024, when it slumped 2013.1%.
- Tracing CARE's Deferred Taxes over 5 years: stood at $1.9 million in 2022, then tumbled by 94.21% to $112000.0 in 2023, then jumped by 1071.43% to $1.3 million in 2024, then declined by 8.92% to $1.2 million in 2025, then surged by 421.59% to $6.2 million in 2026.
- The last three Deferred Taxes figures came in at $6.2 million (Q1 2026), $1.2 million (Q4 2025), and -$652000.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.68 Bn | 84.49 Bn | - | - |
| 2 | Pnc Financial Services | 97.94 Bn | 97.94 Bn | - | 254.00 Mn |
| 3 | Us Bancorp | 96.36 Bn | 96.36 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.94 Bn | -144.15 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.20 Bn | -81.12 Bn | - | - |
| 7 | Nu Holdings | 70.49 Bn | 56.80 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.73 Bn | 61.73 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.92 Bn | 26.20 Bn | - | - |
| 10 | Carter Bankshares | 682.89 Mn | 406.36 Mn | - | -958,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -958,000.00 |
| Mar 31, 2026 | 6.23 Mn |
| Dec 31, 2025 | 1.20 Mn |
| Sep 30, 2025 | -652,000.00 |
| Jun 30, 2025 | 507,000.00 |
| Mar 31, 2025 | 1.12 Mn |
| Dec 31, 2024 | 1.31 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Jun 30, 2024 | -1.61 Mn |
| Mar 31, 2024 | 189,000.00 |
| Dec 31, 2023 | 112,000.00 |
| Sep 30, 2023 | -283,000.00 |
| Jun 30, 2023 | 84,000.00 |
| Mar 31, 2023 | 455,000.00 |
| Dec 31, 2022 | 1.93 Mn |
| Sep 30, 2022 | 440,000.00 |
| Jun 30, 2022 | 103,000.00 |
| Mar 31, 2022 | 1.15 Mn |
| Dec 31, 2021 | 149,000.00 |
| Sep 30, 2021 | 966,000.00 |