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Carter Bankshares (CARE) Tax Rate: 2019-2024

Historic Tax Rate for Carter Bankshares (CARE) over the last 5 years, with Dec 2024 value amounting to 20.56%.

  • 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.
  • According to the latest figures from FY2024, Carter Bankshares' Tax Rate is 20.56%, which was up 10.63% from 18.58% recorded in FY2023.
  • Over the past 5 years, Carter Bankshares' Tax Rate peaked at 20.56% during FY2024, and registered a low of 11.51% during FY2021.
  • Over the past 3 years, Carter Bankshares' median Tax Rate value was 18.79% (recorded in 2022), while the average stood at 19.31%.
  • Per our database at Business Quant, Carter Bankshares' Tax Rate surged by 729bps in 2022 and then declined by 21bps in 2023.
  • Yearly analysis of 4 years shows Carter Bankshares' Tax Rate stood at 11.51% in 2021, then surged by 729bps to 18.79% in 2022, then dropped by 21bps to 18.58% in 2023, then surged by 198bps to 20.56% in 2024.