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Carter Bankshares (CARE) Tax Rate: 2019-2022

Historic Tax Rate for Carter Bankshares (CARE) over the last 3 years, with Dec 2022 value amounting to 18.18%.

  • Carter Bankshares' Tax Rate fell 139.00% to 18.18% in Q4 2022 from the same period last year, while for Dec 2022 it was 18.79%, marking a year-over-year increase of 729.00%. This contributed to the annual value of 20.56% for FY2024, which is 198.00% up from last year.
  • Latest data reveals that Carter Bankshares reported Tax Rate of 18.18% as of Q4 2022, which was down 29.51% from 25.80% recorded in Q3 2022.
  • Carter Bankshares' 5-year Tax Rate high stood at 25.80% for Q3 2022, and its period low was 4.48% during Q4 2020.
  • Its 3-year average for Tax Rate is 13.08%, with a median of 13.25% in 2021.
  • Within the past 5 years, the most significant YoY rise in Carter Bankshares' Tax Rate was 1,811bps (2022), while the steepest drop was 139bps (2022).
  • Carter Bankshares' Tax Rate (Quarterly) stood at 5.68% in 2019, then dropped by 1bps to 4.48% in 2020, then surged by 1,509bps to 19.57% in 2021, then plummeted by 139bps to 18.18% in 2022.
  • Its Tax Rate was 18.18% in Q4 2022, compared to 25.80% in Q3 2022 and 14.26% in Q2 2022.