care: the income statement

MyFinsight

Carter Bankshares, Inc. (CARE)

For the quarter ending 2025-06-30, CARE made $59,990,000 in revenue. $8,510,000 in net income. Net profit margin of 14.19%.

Unit: Dollar

	2025-06-30
Income tax provision	2,118,000
Other	130,000
Gains on sales of securities, net	-
Bank owned life insurance income	357,000
Service charges, commissions and fees	1,765,000
Insurance commissions	714,000
Debit card interchange fees	1,942,000
Total noninterest income	4,908,000
Other taxes	922,000
Professional and legal fees	1,921,000
Other	3,312,000
Occupancy expense, net	4,230,000
Salaries and employee benefits	14,082,000
Data processing	1,395,000
Fdic insurance expense	1,436,000
Telephone expense	307,000
Advertising expense	708,000
Debit card expense	991,000
Total noninterest expense	29,304,000
Recovery for unfunded commitments	-335,000
Interest on other borrowings	1,329,000
Interest expense on deposits	24,059,000
Total interest expense	25,388,000
Non-taxable	67,000
Taxable	6,796,000
Interest on bank deposits	65,000
Dividend income	140,000
Federal reserve bank excess reserves	578,000
Non-taxable	579,000
Taxable	49,522,000
Total interest income	57,747,000
Net interest income	32,359,000
(recovery) provision for credit losses	-2,330,000
Net interest income after (recovery) provision for credit losses	35,024,000
Income before income taxes	10,628,000
Net income	8,510,000

Average shares outstanding - basic (in shares)	22,805,881
Average shares outstanding - diluted (in shares)	22,805,881
Basic earnings per common share (in usd per share)	0.37
Diluted earnings per common share (in usd per share)	0.37

Unit: Dollar