Carter Bankshares (CARE) Revenue & Revenue Breakdown
Carter Bankshares Revenue Highlights
Latest Revenue (Y)
$214.70M
Latest Revenue (Q)
$60.12M
Main Segment (Y)
Bank Owned Life Insurance Income
Carter Bankshares Revenue by Period
Carter Bankshares Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $214.70M | 294006.85% |
| 2022-12-31 | $73.00K | -99.95% |
| 2021-12-31 | $133.66M | 4.47% |
| 2020-12-31 | $127.95M | 5.11% |
| 2019-12-31 | $121.73M | 1.52% |
| 2018-12-31 | $119.91M | 6.81% |
| 2017-12-31 | $112.25M | 12.21% |
| 2016-12-31 | $100.04M | -14.34% |
| 2015-12-31 | $116.79M | 2.52% |
| 2014-12-31 | $113.92M | 8.05% |
| 2013-12-31 | $105.43M | -5.57% |
| 2012-12-31 | $111.65M | 3.43% |
| 2011-12-31 | $107.94M | 9.53% |
| 2010-12-31 | $98.56M | - |
Carter Bankshares generated $214.70M in revenue during NA 2023, up 294006.85% compared to the previous quarter, and up 179.06% compared to the same period a year ago.
Carter Bankshares Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $60.12M | 1.73% |
| 2024-03-31 | $59.09M | 7.23% |
| 2023-12-31 | $55.11M | 73.03% |
| 2023-09-30 | $31.85M | 2.84% |
| 2023-06-30 | $30.97M | -31.24% |
| 2023-03-31 | $45.04M | 61600.00% |
| 2022-12-31 | $73.00K | -99.83% |
| 2022-09-30 | $41.99M | 12.09% |
| 2022-06-30 | $37.46M | 14.34% |
| 2022-03-31 | $32.77M | -0.40% |
| 2021-12-31 | $32.90M | -6.04% |
| 2021-09-30 | $35.01M | 12.48% |
| 2021-06-30 | $31.13M | -10.14% |
| 2021-03-31 | $34.64M | 9.64% |
| 2020-12-31 | $31.59M | -0.31% |
| 2020-09-30 | $31.69M | -1.51% |
| 2020-06-30 | $32.17M | -0.97% |
| 2020-03-31 | $32.49M | 15.30% |
| 2019-12-31 | $28.18M | -10.01% |
| 2019-09-30 | $31.31M | -0.40% |
| 2019-06-30 | $31.44M | 2.06% |
| 2019-03-31 | $30.80M | 16.79% |
| 2018-12-31 | $26.37M | -9.15% |
| 2018-09-30 | $29.03M | -12.91% |
| 2018-06-30 | $33.33M | 6.74% |
| 2018-03-31 | $31.23M | 11.40% |
| 2017-12-31 | $28.03M | -2.69% |
| 2017-09-30 | $28.80M | 8.21% |
| 2017-06-30 | $26.62M | -7.59% |
| 2017-03-31 | $28.80M | 49.30% |
| 2016-12-31 | $19.29M | -29.83% |
| 2016-09-30 | $27.49M | 10.85% |
| 2016-06-30 | $24.80M | -12.84% |
| 2016-03-31 | $28.45M | -3.23% |
| 2015-12-31 | $29.41M | 2.68% |
| 2015-09-30 | $28.64M | -2.49% |
| 2015-06-30 | $29.37M | -0.02% |
| 2015-03-31 | $29.38M | -0.91% |
| 2014-12-31 | $29.65M | 6.33% |
| 2014-09-30 | $27.88M | -3.61% |
| 2014-06-30 | $28.92M | 5.30% |
| 2014-03-31 | $27.47M | 1.60% |
| 2013-12-31 | $27.04M | 3.13% |
| 2013-09-30 | $26.21M | 4.10% |
| 2013-06-30 | $25.18M | -6.72% |
| 2013-03-31 | $27.00M | -2.91% |
| 2012-12-31 | $27.81M | -1.88% |
| 2012-09-30 | $28.34M | 3.37% |
| 2012-06-30 | $27.41M | -2.42% |
| 2012-03-31 | $28.09M | 34.20% |
| 2007-09-30 | $20.93M | 4.82% |
| 2007-06-30 | $19.97M | -1.23% |
| 2007-03-31 | $20.22M | - |
Carter Bankshares generated $60.12M in revenue during Q2 2024, up 1.73% compared to the previous quarter, and up 133.47% compared to the same period a year ago.
Carter Bankshares Revenue Breakdown
Carter Bankshares Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Commercial Loan Swap Fee Income | $139.00K | - | - |
| Bank Owned Life Insurance Income | $1.38M | $1.36M | - |
| Other Revenue | $1.01M | $1.21M | - |
| Deposit Accounts, Commissions, And Fees | - | - | $6.66M |
| Insurance | - | - | $1.90M |
Carter Bankshares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Bank Owned Life Insurance Income (54.54%), Other Revenue (39.97%), and Commercial Loan Swap Fee Income (5.49%).
Quarterly Revenue by Product
| Product/Service | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Loan Swap Fee Income | $23.00K | - | - | $116.00K | $18.00K | $756.00K | - | $359.00K | $1.10M | $742.00K | $219.00K |
| Debit Card | - | $1.90M | $1.93M | $2.10M | $1.79M | $1.85M | $1.93M | $1.77M | $1.75M | $1.87M | $1.83M |
| Insurance | - | $868.00K | $508.00K | $174.00K | $876.00K | $568.00K | $269.00K | $802.00K | $427.00K | $378.00K | $294.00K |
| Deposit Accounts, Commissions And Fees | - | $1.78M | - | - | - | - | - | - | - | - | - |
| Deposit Accounts, Commissions, And Fees | - | - | $1.76M | $1.84M | $1.75M | $1.75M | $1.95M | $1.70M | $1.66M | $1.49M | $1.81M |
| Other Real Estate Owned Income | - | - | - | - | $13.00K | $12.00K | $10.00K | $8.00K | $7.00K | $4.00K | $71.00K |
Carter Bankshares's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Commercial Loan Swap Fee Income (100.00%).
Carter Bankshares Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CARE | Carter Bankshares | $214.70M | $60.12M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| CHMG | Chemung Financial | $137.52M | $36.97M |
| OBT | Orange County Bancorp | $131.19M | $32.51M |
| BSVN | Bank7 | $130.79M | $35.60M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
CARE Revenue FAQ
What is Carter Bankshares’s yearly revenue?
Carter Bankshares's yearly revenue for 2023 was $214.7M, representing an increase of 294006.85% compared to 2022. The company's yearly revenue for 2022 was $73K, representing a decrease of -99.95% compared to 2021. CARE's yearly revenue for 2021 was $133.66M, representing an increase of 4.47% compared to 2020.
What is Carter Bankshares’s quarterly revenue?
Carter Bankshares's quarterly revenue for Q2 2024 was $60.12M, a 1.73% increase from the previous quarter (Q1 2024), and a 94.12% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $59.09M, a 7.23% increase from the previous quarter (Q4 2023), and a 31.20% increase year-over-year (Q1 2023). CARE's quarterly revenue for Q4 2023 was $55.11M, a 73.03% increase from the previous quarter (Q3 2023), and a 75390.41% increase year-over-year (Q4 2022).
What is Carter Bankshares’s revenue growth rate?
Carter Bankshares's revenue growth rate for the last 3 years (2021-2023) was 60.62%, and for the last 5 years (2019-2023) was 76.37%.
What are Carter Bankshares’s revenue streams?
Carter Bankshares's revenue streams in c 23 are Commercial Loan Swap Fee Income, Bank Owned Life Insurance Income, and Other Revenue. Commercial Loan Swap Fee Income generated $139K in revenue, accounting 5.49% of the company's total revenue Bank Owned Life Insurance Income generated $1.38M in revenue, accounting 54.54% of the company's total revenue, up 1.77% year-over-year. Other Revenue generated $1.01M in revenue, accounting 39.97% of the company's total revenue, down -16.29% year-over-year.
What is Carter Bankshares’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Carter Bankshares was Bank Owned Life Insurance Income. This segment made a revenue of $1.38M, representing 54.54% of the company's total revenue.