← Carter Bankshares, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total Interest Income | $159.1m |
$140.9m
-11.42%
|
$133.9m
-5.00%
|
$160.2m
+19.63%
|
$196.4m
+22.62%
|
$221.7m
+12.89%
|
$232.2m
+4.73%
|
— | |
| Gains (Losses) on Sales of Securities, net | $2.2m | $6.9m | $6.9m | $46k | ($1.5m) | $68k | $46k | — | |
| Total Noninterest Income | $16.9m | $26.6m | $28.9m | $21.7m | $18.3m | $21.4m | $22.4m | — | |
| NET INTEREST INCOME | $112.3m |
$105.1m
-6.44%
|
$111.2m
+5.77%
|
$139.9m
+25.85%
|
$122.3m
-12.59%
|
$114.5m
-6.42%
|
$130.8m
+14.30%
|
$143.5m
+9.67%
|
|
| Salaries and Employee Benefits | $52.9m | $52.4m | $54.2m | $52.4m | $55.9m | $57.9m | $57.7m | — | |
| Total Noninterest Expense | $98.0m | $158.8m | $102.3m | $97.0m | $105.5m | $110.0m | $117.1m | — | |
| Interest Expense on Deposits | $46.7m | $35.4m | $22.2m | $18.6m | $52.6m | $95.4m | $96.2m | $94.9m | |
| Interest Expense on Federal Funds Purchased | $0 | $1k | $0 | $188k | $368k | $0 | $0 | $94.9m | |
| Total Interest Expense | $46.8m | $35.8m | $22.7m | $20.3m | $74.1m | $107.3m | $101.4m | — | |
| Net Interest Income After (Recovery) Provision for Credit Losses | $108.9m |
$87.1m
-20.04%
|
$109.1m
+25.25%
|
$137.0m
+25.57%
|
$115.9m
-15.39%
|
$119.5m
+3.10%
|
$134.7m
+12.68%
|
$143.5m
+6.55%
|
|
| Income Before Income Taxes | $27.8m | ($45.1m) | $35.7m | $61.7m | $28.7m | $30.9m | $40.0m | $165.5m | |
| Income Tax Provision | $1.2m | $772k | $4.1m | $11.6m | $5.3m | $6.3m | $8.6m | — | |
| Net Income | $26.6m |
($45.9m)
-272.56%
|
$31.6m
+168.89%
|
$50.1m
+58.65%
|
$23.4m
-53.34%
|
$24.5m
+4.87%
|
$31.4m
+27.89%
|
$127.2m
+305.72%
|
|
| Basic Earnings per Common Share (in usd per share) | $1.01 | ($1.74) | $1.19 | $2.03 | $1.00 | $1.06 | $1.38 | — | |
| Diluted Earnings per Common Share (in usd per share) | $1.01 | ($1.74) | $1.19 | $2.03 | $1.00 | $1.06 | $1.38 | — | |
| Average Shares Outstanding - Basic (in shares) | 26.3m | 26.4m | 26.3m | 24.6m | 23.2m | 22.8m | 22.5m | — | |
| Average Shares Outstanding - Diluted (in shares) | 26.3m | 26.4m | 26.3m | 24.6m | 23.2m | 22.8m | 22.5m | — | |
| Taxable | $17.8m | $14.3m | $12.4m | $20.3m | $30.8m | $29.5m | $26.3m | — | |
| Non-Taxable | $1.9m | $1.2m | $882k | $693k | $634k | $269k | $265k | — | |
| Federal Reserve Bank Excess Reserves | $1.5m | $224k | $169k | $312k | $1.0m | $2.2m | $2.5m | — | |
| Interest on Bank Deposits | $1.3m | $78k | $102k | $29k | $64k | $85k | $268k | — | |
| Dividend Income | $144k | $218k | $121k | $154k | $1.5m | $1.0m | $616k | $737k | |
| Interest on Other Borrowings | $117k | $434k | $468k | $1.4m | $21.1m | $11.8m | $5.2m | — | |
| (Recovery) Provision for Credit Losses | $3.4m | $18.0m | $3.4m | $2.4m | $5.5m | ($5.0m) | ($3.6m) | — | |
| (Recovery) Provision for Unfunded Commitments | $0 | $0 | ($1.3m) | $509k | $901k | ($7k) | ($194k) | — | |
| Service Charges, Commissions and Fees | — | — | $6.7m | $7.2m | $7.2m | $7.4m | $7.3m | — | |
| Debit Card Interchange Fees | — | — | $7.2m | $7.4m | $7.8m | $7.8m | $7.9m | — | |
| Insurance Commissions | — | — | $1.9m | $2.0m | $1.9m | $3.7m | $2.7m | — | |
| Bank Owned Life Insurance Income | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | $1.5m | $1.5m | — | |
| Commercial Loan Swap Fee Income | — | — | $2.4m | $774k | $139k | $0 | $0 | — | |
| Other | $8.2m | $8.2m | $8.4m | $8.5m | $9.8m | $8.8m | $11.1m | — | |
| Occupancy Expense, net | $11.8m | $13.4m | $13.6m | $13.5m | $14.0m | $15.6m | $17.6m | — | |
| FDIC Insurance Expense | $1.3m | $2.3m | $2.2m | $2.0m | $4.9m | $6.2m | $5.8m | — | |
| Other Taxes | $2.8m | $3.2m | $3.1m | $3.3m | $3.3m | $3.6m | $3.6m | — | |
| Advertising Expense | $1.4m | $1.6m | $952k | $1.4m | $1.7m | $2.5m | $3.2m | — | |
| Telephone Expense | $2.2m | $2.3m | $2.2m | $1.8m | $1.8m | $1.4m | $1.2m | — | |
| Professional and Legal Fees | $4.5m | $5.0m | $5.3m | $5.8m | $6.2m | $5.7m | $6.9m | — | |
| Data Processing | $2.3m | $2.6m | $3.8m | $4.1m | $3.9m | $4.9m | $5.7m | — | |
| Debit Card Expense | $2.8m | $2.6m | $2.8m | $2.8m | $2.9m | $3.4m | $4.2m | — |