Carter Bankshares, Inc. Income Statement

Income Statement Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 3.40M18.01M3.35M2.93M6.40M-5.05M
Revenue 12.78M17.99M19.90M161.65M140.59M135.82M
Interest income
Interest income - Investments 0.14M0.22M0.12M0.15M1.46M1.01M
Interest Income - Debt Securities 17.83M14.26M12.44M20.33M30.80M29.51M
Interest Income - Deposits 1.27M0.08M0.10M0.03M0.06M0.09M
Interest Income - Total 159.12M140.94M133.90M160.18M196.42M221.73M
Interest expenses
Interest Expense - Deposits 46.66M35.39M22.25M18.62M52.63M95.43M
Interest Expense - Debt 0.12M0.43M0.47M1.45M21.11M11.84M
Interest Expense - Fed Funds 0.00M0.19M0.37M
Interest Expenses 46.77M35.83M22.71M20.25M74.11M107.27M
Interest Income - Net 112.35M105.11M111.18M139.93M122.31M114.46M
Non-interest income
Interest Income - Total 108.94M87.11M109.10M137.00M115.91M119.50M
Service Charges 6.88M6.66M7.17M7.16M7.39M
Investment Gain (Loss) 2.21M6.88M6.87M0.05M-1.52M
Investment Banking Income 0.11M0.26M0.36M0.40M0.11M0.14M
Card Income 7.23M7.43M7.83M7.84M
Other Non-Interest Income 5.08M4.36M2.43M2.98M4.90M6.20M
Non-Interest Income 16.87M26.58M28.88M21.72M18.28M21.37M
Operating Items
Amortization - Intangibles 1.86M1.24M0.88M0.69M0.63M0.27M
Research & Development 2.27M2.65M3.80M4.10M3.92M4.92M
Wages, Salaries and Other 52.88M52.39M54.16M52.40M55.86M57.91M
Rent Expense 11.79M13.37M13.56M13.53M14.03M15.61M
Other Operating Expenses 83.98M142.76M84.93M79.37M87.52M89.47M
Operating Expenses 98.03M158.78M102.28M97.00M105.47M110.00M
EBIT 74.56M-9.26M58.41M81.97M102.83M138.14M
Net income details
EBT 27.78M-45.09M35.70M61.72M28.72M30.87M
Tax Provisions 1.21M0.77M4.11M11.60M5.34M6.35M
Profit After Tax 26.57M-45.86M31.59M50.12M23.38M24.52M
Income from Continuing Operations 26.57M-45.86M31.59M50.12M23.38M24.52M
Consolidated Net Income 26.57M-45.86M31.59M50.12M23.38M24.52M
Income towards Parent Company 26.57M-45.86M31.59M50.12M23.38M24.52M
Net Income towards Common Stockholders 26.57M-45.86M31.59M50.12M23.38M24.52M
Additional items
EPS (Basic) 1.01-1.741.192.031.001.06
EPS (Weighted Average and Diluted) 1.01-1.741.192.031.001.06
Shares Outstanding (Weighted Average) 26.43M26.46M
Shares Outstanding (Diluted Average) 26.26M26.38M26.34M
Tax Rate 4.35%11.51%18.79%18.58%20.56%