Carter Bankshares, Inc. CARE Insurance Commissions Income
Insurance Commissions Income at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept care:InsuranceCommissionsIncome.
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 insurance commissions income?
- Carter Bankshares, Inc. (CARE) reported insurance commissions income of $954K in Q1 2026.
- How has Carter Bankshares, Inc.'s insurance commissions income changed year-over-year?
- Carter Bankshares, Inc.'s insurance commissions income increased by 177.3% year-over-year, from $344K to $954K.
- What is the long-term trend for Carter Bankshares, Inc.'s insurance commissions income?
- Over 4 years (2021 to 2025), Carter Bankshares, Inc.'s insurance commissions income has grown at a 9.4% compound annual growth rate (CAGR), from $1.9M to $2.73M.
- What does insurance commissions income mean?
- Represents revenue generated from commissions earned by the bank for acting as an agent in the sale of insurance products to customers. This income stream reflects the bank's ability to cross-sell non-banking financial services to its existing client base. It serves as a source of non-interest income that diversifies the bank's revenue profile beyond traditional lending activities.