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Carter Bankshares (CARE) Interest Expense - Deposits: 2020-2022

Historic Interest Expense - Deposits for Carter Bankshares (CARE) over the last 3 years, with Dec 2022 value amounting to $5.3 million.

  • Carter Bankshares' Interest Expense - Deposits rose 11.00% to $5.3 million in Q4 2022 from the same period last year, while for Dec 2022 it was $18.6 million, marking a year-over-year decrease of 16.32%. This contributed to the annual value of $95.4 million for FY2024, which is 81.33% up from last year.
  • Latest data reveals that Carter Bankshares reported Interest Expense - Deposits of $5.3 million as of Q4 2022, which was up 19.40% from $4.5 million recorded in Q3 2022.
  • Over the past 5 years, Carter Bankshares' Interest Expense - Deposits peaked at $10.5 million during Q1 2020, and registered a low of $4.4 million during Q1 2022.
  • Its 3-year average for Interest Expense - Deposits is $6.4 million, with a median of $5.6 million in 2021.
  • As far as peak fluctuations go, Carter Bankshares' Interest Expense - Deposits plummeted by 40.02% in 2021, and later grew by 11.00% in 2022.
  • Quarterly analysis of 3 years shows Carter Bankshares' Interest Expense - Deposits stood at $7.2 million in 2020, then slumped by 33.49% to $4.8 million in 2021, then rose by 11.00% to $5.3 million in 2022.
  • Its Interest Expense - Deposits stands at $5.3 million for Q4 2022, versus $4.5 million for Q3 2022 and $4.4 million for Q2 2022.