Carter Bankshares, Inc. CARE Taxes and Penalty on Surrender of Bank Owned Life Insurance

Other financials

Revenue$106.9M+189%

Net income$85.8M+858%

EPS (diluted)$3.88+895%

Cash & equivalents$65.7M-70.9%

Total debt$10.9M+5.0%

Total equity$504.9M+25.7%

Total assets$4.8B+2.1%

Operating cash flow$303.9M+4,667%

CapEx$1.5M+0.9%

Free cash flow$302.4M+6,131%

Market cap$726.22M+90.6%

P/E6.7×-7.1×

P/S3.3×+0.5×

Net margin48.5%+28.6pp

FCF margin147.6%—

Return on equity23.9%+16.6pp

Debt / equity0×0.0×

Reported directly by Carter Bankshares, Inc. in its filing.

Tagged under the XBRL concept care:EffectiveIncomeTaxRateReconciliationTaxesAndPenaltyOnSurrenderOfBankOwnedLifeInsurancePercent.

The official record: Carter Bankshares, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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What is Carter Bankshares, Inc.'s taxes and penalty on surrender of bank owned life insurance?: Carter Bankshares, Inc. (CARE) reported taxes and penalty on surrender of bank owned life insurance of 0% in Q1 2026.