Carter Bankshares (CARE) Tax Rate (2019 - 2026)
Carter Bankshares' Tax Rate came in at 22.36% for Q2 2026, up 2.43 percentage points from 19.93% a year earlier and up 0.28 percentage points from the prior quarter.
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Analysis
Carter Bankshares (CARE) Tax Rate (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Carter Bankshares reported Tax Rate of 22.33%, up 1.76 percentage points year-over-year; for FY2025, it was 21.60%, up 1.04 percentage points from FY2024.
- Tax Rate carries a five-year change of +23.31 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 20.56% in FY2024 (+1.98 pp), 18.58% in FY2023 (-0.21 pp), 18.79% in FY2022 (+7.29 pp) and 11.51% in FY2021 (+13.22 pp).
- The five-year range for quarterly Tax Rate is 0.05% (Q4 2023) to 25.80% (Q3 2022).
- Year-over-year, Tax Rate has increased for nine consecutive quarters, with an average year-over-year change of +4.48 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2024 (a gain of 22.44 percentage points), and the weakest in Q4 2023 (a drop of 18.13 percentage points).
- Business Quant data shows CARE's Tax Rate at 22.08% (Q1 2026), 23.49% (Q4 2025) and 24.25% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Carter Bankshares | 677.50 Mn | 159.85 Mn | - | 22.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.36% |
| Mar 31, 2026 | 22.08% |
| Dec 31, 2025 | 23.49% |
| Sep 30, 2025 | 24.25% |
| Jun 30, 2025 | 19.93% |
| Mar 31, 2025 | 19.76% |
| Dec 31, 2024 | 22.49% |
| Sep 30, 2024 | 19.91% |
| Jun 30, 2024 | 18.92% |
| Mar 31, 2024 | 19.67% |
| Sep 30, 2023 | 17.70% |
| Jun 30, 2023 | 0.94% |
| Mar 31, 2023 | 22.03% |
| Dec 31, 2022 | 18.18% |
| Sep 30, 2022 | 25.80% |
| Jun 30, 2022 | 14.26% |
| Mar 31, 2022 | 12.48% |
| Dec 31, 2021 | 19.57% |
| Sep 30, 2021 | 7.69% |
| Jun 30, 2021 | 14.02% |
API Access
Carter Bankshares Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CARE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CARE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CARE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();