​

Carter Bankshares (CARE) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

Carter Bankshares Revenue Highlights

Latest Revenue (Y)

$221.73M

Latest Revenue (Q)

$62.02M

Main Segment (Y)

Bank Owned Life Insurance Income

Carter Bankshares Revenue by Period

Carter Bankshares Revenue by Year

DateRevenueChange
2024-12-31$221.73M62.30%
2023-12-31$136.61M187041.10%
2022-12-31$73.00K-99.95%
2021-12-31$133.66M4.47%
2020-12-31$127.95M5.11%
2019-12-31$121.73M1.52%
2018-12-31$119.91M6.81%
2017-12-31$112.25M12.21%
2016-12-31$100.04M-14.34%
2015-12-31$116.79M2.52%
2014-12-31$113.92M8.05%
2013-12-31$105.43M-5.57%
2012-12-31$111.65M3.43%
2011-12-31$107.94M9.53%
2010-12-31$98.56M-37.67%
2009-12-31$158.11M4.79%
2008-12-31$150.89M-4.03%
2007-12-31$157.22M631.46%
2006-12-31$21.49M-

Carter Bankshares generated $221.73M in revenue during NA 2024, up 62.30% compared to the previous quarter, and up 182.15% compared to the same period a year ago.

Carter Bankshares Revenue by Quarter

DateRevenueChange
2024-09-30$62.02M3.16%
2024-06-30$60.12M1.73%
2024-03-31$59.09M7.23%
2023-12-31$55.11M73.03%
2023-09-30$31.85M2.84%
2023-06-30$30.97M-31.24%
2023-03-31$45.04M61600.00%
2022-12-31$73.00K-99.83%
2022-09-30$41.99M12.09%
2022-06-30$37.46M14.34%
2022-03-31$32.77M-0.40%
2021-12-31$32.90M-6.04%
2021-09-30$35.01M12.48%
2021-06-30$31.13M-10.14%
2021-03-31$34.64M9.64%
2020-12-31$31.59M-0.31%
2020-09-30$31.69M-1.51%
2020-06-30$32.17M-0.97%
2020-03-31$32.49M15.30%
2019-12-31$28.18M-10.01%
2019-09-30$31.31M-0.40%
2019-06-30$31.44M2.06%
2019-03-31$30.80M16.79%
2018-12-31$26.37M-9.15%
2018-09-30$29.03M-12.91%
2018-06-30$33.33M6.74%
2018-03-31$31.23M11.40%
2017-12-31$28.03M-2.69%
2017-09-30$28.80M8.21%
2017-06-30$26.62M-7.59%
2017-03-31$28.80M49.30%
2016-12-31$19.29M-29.83%
2016-09-30$27.49M10.85%
2016-06-30$24.80M-12.84%
2016-03-31$28.45M-3.23%
2015-12-31$29.41M2.68%
2015-09-30$28.64M-2.49%
2015-06-30$29.37M-0.02%
2015-03-31$29.38M-0.91%
2014-12-31$29.65M6.33%
2014-09-30$27.88M-3.61%
2014-06-30$28.92M5.30%
2014-03-31$27.47M1.60%
2013-12-31$27.04M3.13%
2013-09-30$26.21M4.10%
2013-06-30$25.18M-6.72%
2013-03-31$27.00M-2.91%
2012-12-31$27.81M-1.88%
2012-09-30$28.34M3.37%
2012-06-30$27.41M-2.42%
2012-03-31$28.09M34.20%
2007-09-30$20.93M4.82%
2007-06-30$19.97M-1.23%
2007-03-31$20.22M-

Carter Bankshares generated $62.02M in revenue during Q3 2024, up 3.16% compared to the previous quarter, and up 200.26% compared to the same period a year ago.

Carter Bankshares Revenue Breakdown

Carter Bankshares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Other Revenue$414.00K$1.01M$1.21M-
Bank Owned Life Insurance Income$1.47M$1.38M$1.36M-
Commercial Loan Swap Fee Income-$139.00K--
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 24: Bank Owned Life Insurance Income (78.06%), and Other Revenue (21.94%).

Quarterly Revenue by Product

Product/ServiceDec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Commercial Loan Swap Fee Income$23.00K--$116.00K$18.00K$756.00K-$359.00K$1.10M$742.00K$219.00K
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---------
Debit Card-$1.90M$1.93M$2.10M$1.79M$1.85M$1.93M$1.77M$1.75M$1.87M$1.83M
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

TickerCompanyLast Year RevenueLast Quarter Revenue
CARECarter Bankshares$221.73M$62.02M
HBCPHome Bancorp$184.77M$51.02M
BSVNBank7$131.54M$37.16M
OBTOrange County Bancorp$127.23M$35.61M
COFSChoiceOne Financial Services$121.10M$36.28M
FNWBFirst Northwest Bancorp$112.34M$28.21M
OVLYOak Valley Bancorp$78.21M$19.50M
CWBCCommunity West Bancshares$61.39M$27.26M
LSBKLake Shore Bancorp$34.80M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$7.66M
AFBIAffinity Bancshares$30.61M$12.87M
FCCOFirst Community$14.00M$26.72M
CHMGChemung Financial-$21.28M
GSBCGreat Southern Bancorp-$91.36M

CARE Revenue FAQ

What is Carter Bankshares’s yearly revenue?

Carter Bankshares's yearly revenue for 2024 was $221.73M, representing an increase of 62.30% compared to 2023. The company's yearly revenue for 2023 was $136.61M, representing an increase of 187041.10% compared to 2022. CARE's yearly revenue for 2022 was $73K, representing a decrease of -99.95% compared to 2021.

What is Carter Bankshares’s quarterly revenue?

Carter Bankshares's quarterly revenue for Q3 2024 was $62.02M, a 3.16% increase from the previous quarter (Q2 2024), and a 94.73% increase year-over-year (Q3 2023). The company'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). CARE'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).

What is Carter Bankshares’s revenue growth rate?

Carter Bankshares's revenue growth rate for the last 3 years (2022-2024) was 303638.36%, and for the last 5 years (2020-2024) was 73.30%.

What are Carter Bankshares’s revenue streams?

Carter Bankshares's revenue streams in c 24 are Other Revenue, and Bank Owned Life Insurance Income. Other Revenue generated $414K in revenue, accounting 21.94% of the company's total revenue, down -59.09% year-over-year. Bank Owned Life Insurance Income generated $1.47M in revenue, accounting 78.06% of the company's total revenue, up 6.66% year-over-year.

What is Carter Bankshares’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Carter Bankshares was Bank Owned Life Insurance Income. This segment made a revenue of $1.47M, representing 78.06% of the company's total revenue.