Carter Bankshares, Inc. CARE Data processing and equipment
Data processing and equipment 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:InformationTechnologyAndDataProcessing.
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 data processing and equipment?
- Carter Bankshares, Inc. (CARE) reported data processing and equipment of $1.85M in Q1 2026.
- How has Carter Bankshares, Inc.'s data processing and equipment changed year-over-year?
- Carter Bankshares, Inc.'s data processing and equipment increased by 28.3% year-over-year, from $1.44M to $1.85M.
- What is the long-term trend for Carter Bankshares, Inc.'s data processing and equipment?
- Over 4 years (2021 to 2025), Carter Bankshares, Inc.'s data processing and equipment has grown at a 11.0% compound annual growth rate (CAGR), from $3.76M to $5.7M.
- What does data processing and equipment mean?
- Represents the costs associated with maintaining core banking systems, software licensing, data processing services, and IT infrastructure. This metric is a key indicator of the bank's investment in digital transformation and its ability to support modern banking services. High spending in this area often reflects a strategic focus on operational efficiency and digital customer experience.