Carter Bankshares reported revenue of $68.68M and net income of $28.91M for the quarter ended Jun 2026, up 84.3% year over year. This income statement covers 30 quarters of results from Mar 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & Cost | ||||||||||||||||||||||||||||||
| Provisions | -0.41M | 0.94M | 0.63M | 1.81M | -0.08M | 0.05M | 1.50M | 0.09M | 1.10M | 2.90M | -0.03M | 0.49M | -0.43M | -5.11M | -2.14M | -2.33M | 2.90M | -2.18M | -34.13M | 2.01M | ||||||||||
| Revenue | 1.75M | 14.45M | 1.95M | 1.85M | 1.79M | 47.07M | 2.10M | 1.93M | 1.90M | 30.66M | 33.46M | 33.62M | 34.22M | 34.52M | 37.04M | 37.27M | 39.09M | 39.83M | 106.91M | 68.68M | ||||||||||
| Interest income | ||||||||||||||||||||||||||||||
| Interest income - Investments | 0.03M | 0.02M | 0.02M | 0.02M | 0.02M | 0.09M | 0.24M | 0.32M | 0.42M | 0.48M | 0.38M | 0.30M | 0.21M | 0.12M | 0.11M | 0.14M | 0.14M | 0.22M | 0.24M | 0.13M | ||||||||||
| Interest Income - Debt Securities | 3.16M | 3.15M | 3.73M | 4.45M | 5.47M | 6.68M | 7.39M | 7.69M | 7.79M | 7.93M | 7.74M | 7.72M | 7.27M | 6.78M | 6.66M | 6.80M | 6.67M | 6.17M | 5.58M | 5.32M | ||||||||||
| Interest Income - Deposits | 0.03M | 0.03M | 0.03M | 0.00M | 0.00M | 0.02M | 0.01M | 0.01M | 0.03M | 0.01M | 0.03M | 0.04M | 0.01M | 0.05M | 0.07M | 0.06M | 0.10M | 0.11M | 1.19M | |||||||||||
| Interest Income - Total | 34.91M | 32.93M | 32.68M | 36.96M | 42.33M | 48.22M | 51.95M | 43.72M | 48.89M | 51.86M | 54.05M | 54.58M | 56.59M | 56.50M | 56.01M | 57.75M | 59.17M | 59.30M | 59.19M | 61.49M | ||||||||||
| Interest expenses | ||||||||||||||||||||||||||||||
| Interest Expense - Deposits | 5.38M | 4.81M | 4.40M | 4.41M | 4.47M | 5.34M | 7.52M | 11.78M | 15.33M | 18.00M | 20.72M | 22.72M | 25.52M | 26.47M | 25.02M | 24.06M | 24.02M | 23.08M | 21.55M | 21.40M | ||||||||||
| Interest Expense - Debt | 0.13M | -0.08M | 0.06M | 0.09M | 0.11M | 0.91M | 3.48M | 5.15M | 6.06M | 6.14M | 4.91M | 3.77M | 2.28M | 0.42M | 0.85M | 1.33M | 1.43M | 1.05M | 1.70M | 0.14M | ||||||||||
| Interest Expense - Fed Funds | 0.00M | 0.02M | 0.16M | 0.18M | 0.07M | 0.11M | 0.01M | |||||||||||||||||||||||
| Interest ExpensesInterest Expense | 5.51M | 4.88M | 4.46M | 4.50M | 4.60M | 6.69M | 11.17M | 17.00M | 21.49M | 24.44M | 25.63M | 26.49M | 27.80M | 27.35M | 25.87M | 25.39M | 25.45M | 24.69M | 23.25M | 21.54M | ||||||||||
| Interest Income - Net | 29.40M | 28.05M | 28.22M | 32.46M | 37.73M | 41.52M | 40.78M | 26.71M | 27.39M | 27.42M | 28.42M | 28.09M | 28.80M | 29.15M | 30.14M | 32.36M | 33.72M | 34.60M | 35.93M | 39.95M | ||||||||||
| Non-interest income | ||||||||||||||||||||||||||||||
| Interest Income - Total | 29.87M | 27.43M | 27.83M | 30.38M | 37.65M | 41.15M | 39.29M | 26.27M | 26.42M | 23.94M | 28.45M | 27.84M | 29.04M | 34.18M | 32.28M | 35.02M | 30.49M | 36.86M | 70.07M | 38.49M | ||||||||||
| Service Charges | 9.86M | 2.20M | 0.45M | 0.42M | 3.85M | 2.45M | 1.84M | 1.76M | 1.78M | 1.77M | 1.88M | 1.85M | 1.82M | 1.85M | 1.87M | 1.76M | 1.86M | 1.81M | 2.13M | 2.49M | ||||||||||
| Investment Gain (Loss) | 1.35M | 0.42M | -0.02M | 0.21M | -0.00M | -0.00M | -0.01M | 0.13M | -0.00M | -1.51M | 0.04M | 0.03M | 0.05M | 0.09M | -12.53M | |||||||||||||||
| Investment Banking Income | 0.08M | 0.10M | 0.09M | 0.03M | 0.04M | 0.24M | 0.02M | 0.04M | 0.03M | 0.02M | 0.04M | 0.02M | 0.03M | 0.05M | 0.12M | 0.04M | 65.00M | |||||||||||||
| Income - Equity | 0.06M | 0.18M | -0.17M | 0.14M | 0.02M | 0.07M | 0.07M | -0.04M | -0.07M | |||||||||||||||||||||
| Card Income | 2.10M | 1.93M | 1.90M | 1.89M | 2.09M | 1.93M | 1.91M | 1.92M | 2.10M | 1.94M | 1.94M | 1.95M | 2.15M | 2.06M | ||||||||||||||||
| Other Non-Interest Income | 0.58M | 0.46M | 0.49M | 0.63M | 0.54M | 1.45M | 0.64M | 0.70M | 1.37M | 2.19M | 1.69M | 1.57M | 1.53M | 1.42M | 2.24M | 0.13M | 1.45M | 1.53M | 1.51M | 0.14M | ||||||||||
| Non-Interest Income | 6.92M | 5.78M | 5.33M | 5.60M | 5.24M | 5.54M | 4.74M | 5.03M | 5.27M | 3.25M | 5.04M | 5.53M | 5.42M | 5.37M | 6.90M | 4.91M | 5.37M | 5.22M | 70.97M | 28.73M | ||||||||||
| Operating Items | ||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 1.02M | 0.91M | 0.84M | 0.84M | 0.83M | 1.58M | 0.72M | 1.06M | 1.08M | 1.07M | 0.89M | 1.23M | 1.34M | 1.46M | 1.44M | 1.40M | 1.37M | 1.49M | 1.85M | 2.18M | ||||||||||
| Wages, Salaries and OtherWages | 12.82M | 15.07M | 11.76M | 12.44M | 13.52M | 14.68M | 13.65M | 13.65M | 13.96M | 14.60M | 14.20M | 14.22M | 14.60M | 14.89M | 13.66M | 14.08M | 14.02M | 15.98M | 14.91M | 14.05M | ||||||||||
| Rent ExpenseRental Exp. | 3.33M | 3.26M | 3.35M | 3.30M | 3.41M | 3.47M | 3.40M | 3.60M | 3.55M | 3.48M | 3.75M | 3.79M | 3.94M | 4.12M | 4.47M | 4.23M | 4.58M | 4.34M | 4.86M | 4.58M | ||||||||||
| Other Operating ExpensesOther Opex | 20.33M | 22.07M | 18.32M | 19.27M | 19.22M | 22.57M | 19.46M | 20.88M | 22.66M | 24.53M | 21.62M | 22.42M | 22.15M | 23.29M | 22.13M | 22.75M | 25.17M | 24.30M | 35.95M | |||||||||||
| Operating ExpensesOpex | 24.68M | 26.24M | 22.51M | 23.41M | 23.46M | 27.62M | 23.58M | 25.54M | 27.28M | 29.07M | 26.26M | 27.45M | 27.43M | 28.87M | 28.04M | 29.30M | 28.70M | 31.00M | 31.01M | 29.99M | ||||||||||
| EBIT | 17.62M | 11.86M | 15.11M | 17.07M | 24.02M | 25.77M | 31.61M | 22.76M | 25.90M | 22.55M | 32.86M | 32.41M | 34.83M | 38.04M | 37.01M | 36.02M | 32.60M | 35.78M | 133.28M | 58.78M | ||||||||||
| Non-operating items | ||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 5.51M | 4.88M | 4.46M | 4.50M | 4.60M | 6.69M | 11.17M | 0.43M | 0.36M | 0.57M | 0.36M | 0.53M | 0.58M | 1.07M | 0.91M | 0.71M | 0.67M | 0.91M | 0.93M | 0.82M | ||||||||||
| Net income details | ||||||||||||||||||||||||||||||
| EBT | 12.10M | 6.97M | 10.65M | 12.57M | 19.42M | 19.08M | 20.45M | 5.76M | 4.41M | -1.89M | 7.23M | 5.92M | 7.03M | 10.68M | 11.14M | 10.63M | 7.15M | 11.08M | 110.03M | 37.24M | ||||||||||
| Tax ProvisionsTaxes | 0.93M | 1.36M | 1.33M | 1.79M | 5.01M | 3.47M | 4.50M | 0.05M | 0.78M | -0.00M | 1.42M | 1.12M | 1.40M | 2.40M | 2.20M | 2.12M | 1.74M | 2.60M | 24.30M | 8.33M | ||||||||||
| Profit After TaxPAT | 11.17M | 5.61M | 9.32M | 10.78M | 14.41M | 15.61M | 15.94M | 5.70M | 3.63M | -1.89M | 5.81M | 4.80M | 5.63M | 8.28M | 8.95M | 8.51M | 5.42M | 8.48M | 85.76M | 28.91M | ||||||||||
| Income from Continuing OperationsIncome (Continuing) | 11.17M | 5.61M | 9.32M | 10.78M | 14.41M | 15.61M | 15.94M | 5.70M | 3.63M | -1.89M | 5.81M | 4.80M | 5.63M | 8.28M | 8.94M | 8.51M | 5.42M | 8.48M | 85.73M | 28.91M | ||||||||||
| Consolidated Net IncomeConsol Net Inc. | 11.17M | 5.61M | 9.32M | 10.78M | 14.41M | 15.61M | 15.94M | 5.70M | 3.63M | -1.89M | 5.81M | 4.80M | 5.63M | 8.28M | 8.94M | 8.51M | 5.42M | 8.48M | 85.73M | 28.91M | ||||||||||
| Income towards Parent CompanyParent Net Inc | 11.17M | 5.61M | 9.32M | 10.78M | 14.41M | 15.61M | 15.94M | 5.70M | 3.63M | -1.89M | 5.81M | 4.80M | 5.63M | 8.28M | 8.94M | 8.51M | 5.42M | 8.48M | 85.73M | 28.91M | ||||||||||
| Net Income towards Common StockholdersNet Income | 11.17M | 5.61M | 9.32M | 10.78M | 14.41M | 15.61M | 15.94M | 5.70M | 3.63M | -1.89M | 5.81M | 4.80M | 5.63M | 8.28M | 8.94M | 8.51M | 5.42M | 8.48M | 85.73M | 28.91M | ||||||||||
| Additional items | ||||||||||||||||||||||||||||||
| EPS (Basic) | 0.42 | 0.21 | 0.36 | 0.44 | 0.59 | 0.63 | 0.67 | 0.24 | 0.16 | -0.08 | 0.26 | 0.21 | 0.25 | 0.36 | 0.39 | 0.37 | 0.24 | 0.38 | 3.92 | 1.32 | ||||||||||
| EPS (Diluted) | 0.42 | 0.21 | 0.36 | 0.44 | 0.59 | 0.63 | 0.67 | 0.24 | 0.16 | -0.08 | 0.26 | 0.21 | 0.25 | 0.36 | 0.39 | 0.37 | 0.24 | 0.38 | 3.92 | 1.32 | ||||||||||
| Shares Outstanding | 26.35M | 26.34M | 25.74M | 24.49M | 24.27M | 24.60M | 23.77M | 23.51M | 22.95M | 23.24M | 22.77M | 22.83M | 22.83M | 22.82M | 22.87M | 22.81M | 22.29M | 22.46M | 21.85M | 21.84M | ||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 26.35M | 26.34M | 25.74M | 24.49M | 24.27M | 24.60M | 23.77M | 23.51M | 22.95M | 23.24M | 22.77M | 22.83M | 22.83M | 22.82M | 22.87M | 22.81M | 22.29M | 22.46M | 21.85M | 21.84M | ||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 26.46M | 26.43M | 24.99M | 24.58M | 24.11M | 23.96M | 23.90M | 23.37M | 22.96M | 22.96M | 23.02M | 23.07M | 23.07M | 23.07M | 23.16M | 22.67M | 22.41M | 22.08M | 22.16M | 22.16M | ||||||||||
| EBITDA | 17.62M | 11.86M | 15.11M | 17.07M | 24.02M | 25.77M | 31.61M | 22.76M | 25.90M | 22.55M | 32.86M | 32.41M | 34.83M | 38.04M | 37.01M | 36.02M | 32.60M | 35.78M | 133.28M | 58.78M |