Carter Bankshares (CARE) Revenue & Revenue Breakdown


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Carter Bankshares Revenue Highlights


Latest Revenue (Y)

$214.70M

Latest Revenue (Q)

$62.02M

Main Segment (Y)

Bank Owned Life Insurance Income

Carter Bankshares Revenue by Period


Carter Bankshares Revenue by Year

DateRevenueChange
2023-12-31$214.70M294006.85%
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-

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

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 23Dec 22Dec 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/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
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


TickerCompanyLast Year RevenueLast Quarter Revenue
CARECarter Bankshares$214.70M$62.02M
HBCPHome Bancorp$178.87M$51.02M
CHMGChemung Financial$137.52M$21.28M
OBTOrange County Bancorp$131.19M$35.61M
BSVNBank7$130.79M$37.16M
COFSChoiceOne Financial Services$114.13M$36.28M
FNWBFirst Northwest Bancorp$104.92M$28.21M
OVLYOak Valley Bancorp$87.34M$19.50M
CWBCCommunity West Bancshares$61.39M$27.26M
GSBCGreat Southern Bancorp$46.29M$91.36M
AFBIAffinity Bancshares$45.17M$12.87M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M
FCCOFirst Community$10.42M$26.72M

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 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 (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.