Carter Bankshares, Inc. CARE Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
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 bank owned life insurance income?
- Carter Bankshares, Inc. (CARE) reported bank owned life insurance income of $436K in Q1 2026.
- How has Carter Bankshares, Inc.'s bank owned life insurance income changed year-over-year?
- Carter Bankshares, Inc.'s bank owned life insurance income increased by 27.9% year-over-year, from $341K to $436K.
- What is the long-term trend for Carter Bankshares, Inc.'s bank owned life insurance income?
- Over 4 years (2021 to 2025), Carter Bankshares, Inc.'s bank owned life insurance income has grown at a 2.3% compound annual growth rate (CAGR), from $1.38M to $1.51M.
- What does bank owned life insurance income mean?
- Refers to the income earned on life insurance policies purchased by the bank on the lives of its key employees or officers. This metric captures the tax-advantaged earnings and death benefits associated with these corporate-owned policies. It is a common financial management tool used by banks to offset the costs of employee benefit programs.