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CARE| Name | Value |
|---|---|
| Revenues | 31.0M |
| Cost of Revenue | 0.0M |
| Gross Profit | 31.0M |
| Operating Expense | -25.2M |
| Operating I/L | 5.8M |
| Other Income/Expense | -4.7M |
| Interest Income | 43.7M |
| Pretax | 5.8M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | 5.7M |
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust, offering a range of banking products and services. The company generates revenue through various deposit products, including checking, savings, retirement, and money market accounts, as well as commercial and consumer loans, residential mortgages, real estate construction and acquisition loans, home equity lines of credit, and credit cards. Additionally, it provides banking services such as safe deposit boxes, online and mobile banking, debit cards, and treasury and corporate cash management services. With 69 branches in Virginia and North Carolina, the company serves individuals, businesses, and institutions.
