Carter Bankshares (CARE) Tax Provisions (2019 - 2026)
Carter Bankshares' (CARE) quarterly Tax Provisions came in at $24.3 million in Q1 2026, up 1011.96% YoY from $2.2 million in Q1 2025, and up 832.54% on a QoQ basis from $2.6 million in Q4 2025.
Carter Bankshares (CARE) Tax Provisions (2019 - 2026) Analysis & Trends
Carter Bankshares (CARE) has 8 years of Tax Provisions data on file, last reported at $24.3 million in Q1 2026.
- Quarterly Tax Provisions rose 1011.96% year-over-year to $24.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.7 million (up 332.45% YoY) and the FY2025 annual result came in at $8.6 million, up 36.13% from the prior year.
- Tax Provisions advanced to $24.3 million in Q1 2026, from $2.6 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $24.3 million in Q1 2026 to a low of -$1000.0 in Q4 2023.
- A 5-year average of $3.3 million and a median of $1.8 million in 2022 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2023 — Tax Provisions slumped 100.03% — and 2024, when it surged 240400.0%.
- Tracing CARE's Tax Provisions over 5 years: stood at $3.5 million in 2022, then tumbled by 100.03% to -$1000.0 in 2023, then surged by 240400.0% to $2.4 million in 2024, then advanced by 8.32% to $2.6 million in 2025, then surged by 832.54% to $24.3 million in 2026.
- The last three Tax Provisions figures came in at $24.3 million (Q1 2026), $2.6 million (Q4 2025), and $1.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 531.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 537.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -939.17 Mn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -821.11 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 1.12 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -175.22 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 262.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 235.00 Mn |
| 10 | Carter Bankshares | 682.89 Mn | 406.36 Mn | - | 8.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.33 Mn |
| Mar 31, 2026 | 24.27 Mn |
| Dec 31, 2025 | 2.60 Mn |
| Sep 30, 2025 | 1.74 Mn |
| Jun 30, 2025 | 2.12 Mn |
| Mar 31, 2025 | 2.18 Mn |
| Dec 31, 2024 | 2.40 Mn |
| Sep 30, 2024 | 1.40 Mn |
| Jun 30, 2024 | 1.12 Mn |
| Mar 31, 2024 | 1.42 Mn |
| Dec 31, 2023 | -1,000.00 |
| Sep 30, 2023 | 780,000.00 |
| Jun 30, 2023 | 54,000.00 |
| Mar 31, 2023 | 4.50 Mn |
| Dec 31, 2022 | 3.47 Mn |
| Sep 30, 2022 | 5.01 Mn |
| Jun 30, 2022 | 1.79 Mn |
| Mar 31, 2022 | 1.33 Mn |
| Dec 31, 2021 | 1.37 Mn |
| Sep 30, 2021 | 931,000.00 |