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Carter Bankshares, Inc. CARE Provision for Credit Losses
Provision for Credit Losses 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:ProvisionForLoanLeaseAndOtherLosses.
The source filing: Carter Bankshares, Inc.’s 10-Q, filed May 7, 2026.
- Filed
- May 7, 2026, 1:33 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001829576-26-000048
| (Dollars in Thousands) | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $85,757 | $8,953 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | ||
| Recovery for Credit Losses, including Recovery for Unfunded Commitments | (34,135) | (2,139) |
| Origination of Loans Held-for-Sale | (5,319) | (2,463) |
| Proceeds From Loans Held-for-Sale | 5,346 | 2,502 |
| Proceeds From the Transaction | 289,484 | — |
| Depreciation/Amortization of Bank Premises and Equipment | 2,132 | 1,911 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Carter Bankshares, Inc.'s provision for credit losses?
- Carter Bankshares, Inc. (CARE) reported provision for credit losses of -$34.14M in Q1 2026.
- How has Carter Bankshares, Inc.'s provision for credit losses changed year-over-year?
- Carter Bankshares, Inc.'s provision for credit losses decreased by 1495.8% year-over-year, from -$2.14M to -$34.14M.
- What is the long-term trend for Carter Bankshares, Inc.'s provision for credit losses?
- Over 3 years (2021 to 2024), Carter Bankshares, Inc.'s provision for credit losses has grown at a 149.4% compound annual growth rate (CAGR), from -$330K to -$5.12M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.
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