Carter Bankshares (CARE) Operating Expenses (2019 - 2026)

Over the trailing twelve months to Jun 30, 2026, Carter Bankshares reported Operating Expenses of $120.71 million, up 6.2% year-over-year; for FY2025, it came in at $117.05 million, up 6.4% from FY2024.

• Operating Expenses has increased in each of the last three years, though with a five-year compound annual growth rate of -5.9% (FY2020 to FY2025).
• Going back by year, Operating Expenses was $110 million in FY2024 (+4.3%), $105.47 million in FY2023 (+8.7%), $97 million in FY2022 (-5.2%) and $102.29 million in FY2021 (-35.6%).
• The five-year range for quarterly Operating Expenses is $22.51 million (Q1 2022) to $31.01 million (Q1 2026).
• Year-over-year, Operating Expenses has increased for six consecutive quarters, with growth averaging 4.8% over the last eight quarters.
• The fastest year-over-year change in Operating Expenses over five years came in Q3 2023 (growth of 16.3%), and the weakest in Q3 2021 (a decline of 71.7%).
• Business Quant data shows CARE's Operating Expenses at $31.01 million (Q1 2026), $31 million (Q4 2025) and $28.7 million (Q3 2025) in the three quarters before Q2 2026.