Carter Bankshares, Inc. CARE Tax Credit Amortization
Tax Credit Amortization at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept care:NonCashTaxCreditAmortization.
The official record: Carter Bankshares, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Carter Bankshares, Inc.'s tax credit amortization?
- Carter Bankshares, Inc. (CARE) reported tax credit amortization of $56K in Q1 2026.
- How has Carter Bankshares, Inc.'s tax credit amortization changed year-over-year?
- Carter Bankshares, Inc.'s tax credit amortization decreased by 65.4% year-over-year, from $162K to $56K.
- What is the long-term trend for Carter Bankshares, Inc.'s tax credit amortization?
- Over 3 years (2021 to 2025), Carter Bankshares, Inc.'s tax credit amortization has grown at a -27.6% compound annual growth rate (CAGR), from $1.71M to $649K.
- What does tax credit amortization mean?
- Represents the non-cash expense associated with the systematic write-down of tax credit investments, such as those related to low-income housing or renewable energy projects. This metric captures the utilization of tax-advantaged assets over their useful life. It is essential for understanding the bank's effective tax rate management and long-term capital allocation strategies.