Income Statement

CARTER BANKSHARES, INC.

CARE
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY
Revenue
254.63 243.10 214.70 181.90 162.78
Cost of Revenue
97.57 102.23 84.01 30.15 24.80
Gross Profit
157.06 140.87 130.69 151.75 137.98
Operating Expenses
117.05 110.00 105.47 97.00 102.29
Research & Development
- - - - -
Selling, General & Administrative
57.74 57.91 55.86 52.40 54.16
Other Operating Expenses
59.31 52.09 49.61 44.60 48.13
Operating Income
40.00 30.87 25.22 54.75 35.70
Non-Operating Income
0.00 0.00 -3.50 -6.97 0.00
Interest Income
232.22 221.73 196.42 160.18 133.90
Interest Expense
101.40 107.27 74.11 20.25 22.71
Other Non-Op Income / Expense
- 23.05 11.41 6.86 27.38
Income Before Tax
40.00 30.87 28.72 61.72 35.70
Income Tax Expense
8.64 6.35 5.34 11.60 4.11
Non-Controlling Interest
- - - - -
Net Income
31.36 24.52 23.38 50.12 31.59
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY
Depreciation & Amortization
- - - - -
EBITDA
47.86 37.92 31.47 60.81 41.93
Earnings Per Share (Basic)
1.38 1.06 1.00 2.03 1.19
Diluted EPS
1.38 1.06 1.00 2.03 1.19
Weighted Average Shares
22.46 22.82 23.24 24.60 26.34
Diluted Weighted Avg Shares
22.46 22.82 23.24 24.60 26.34
Comprehensive Income
53.72 31.44 37.56 -37.20 17.57