Carter Bankshares, Inc. (CARE) financial statements (2022 and earlier)

Company profile

Business Address 1300 KINGS MOUNTAIN ROAD
MARTINSVILLE, VA 24112
State of Incorp. VA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments278226217219
Cash and cash equivalents278226217219
Disposal group, including discontinued operation   9
Total current assets:278226217229
Noncurrent Assets
Operating lease, right-of-use asset3   
Property, plant and equipment75757385
Total noncurrent assets:79757385
Other undisclosed assets3,7773,8333,8313,828
TOTAL ASSETS:4,1344,1344,1214,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,7263,7283,7213,754
Total liabilities:3,7263,7283,7213,754
Stockholders' equity
Stockholders' equity attributable to parent408406399388
Common stock26262626
Additional paid in capital144144144144
Accumulated other comprehensive income25105
Retained earnings235230219213
Total stockholders' equity:408406399388
TOTAL LIABILITIES AND EQUITY:4,1344,1344,1214,142

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues4557
Gain on disposition of assets for financial service operations0114
Net investment income3333
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1) (1)(2)
Gross profit:3545
Operating expenses(7)(7)(7)(7)
Other operating income, net
(Noninterest Income, Other Operating Income)
 011
Other undisclosed operating loss(2)   
Operating loss:(6)(2)(3)(1)
Nonoperating income
(Bank Owned Life Insurance Income)
0000
Interest and debt expense(5)(6)(6)(6)
Loss from continuing operations before equity method investments, income taxes:(10)(7)(8)(7)
Other undisclosed income from continuing operations before income taxes17191417
Income from continuing operations before income taxes:712610
Income tax expense(1)(1)(1)(1)
Net income attributable to parent:61159
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Net income available to common stockholders, diluted:61159

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income:61159
Comprehensive income:61159
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(5)5(11)
Comprehensive income (loss), net of tax, attributable to parent:2611(2)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: