The historical rank and industry rank for Carter Bankshares's Pretax Margin % or its related term are showing as below:
CARE'
s Pretax Margin % Range Over the Past 10 Years
Min: -35.24 Med: 21.94 Max: 42.3
Current: 12.48
CARE's Pretax Margin % is ranked worse than 86.09% of 1459
companies
in the Banks industry
Industry Median: 32.78
vs CARE: 12.48
Carter Bankshares Pretax Margin % Historical Data
The historical data trend for Carter Bankshares's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Carter Bankshares's Pretax Margin %
For the Banks - Regional subindustry, Carter Bankshares's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carter Bankshares's Pretax Margin % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Carter Bankshares's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Carter Bankshares's Pretax Margin % falls into.
Carter Bankshares Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Carter Bankshares's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carter Bankshares (NAS:CARE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Carter Bankshares Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Carter Bankshares's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Carter Bankshares (Carter Bankshares) Business Description
Carter Bankshares Inc is a bank holding company that conducts its business solely through the bank. The Bank earns revenue from interest on loans and securities and fees charged for financial services provided to customers. The Bank offers a full range of deposit services including Lifetime Free Checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. The Bank offers a full range of commercial and consumer loans. The Bank also originates and holds fixed and variable-rate mortgage loans and offers home equity lines of credit to its customers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CARE has been successfully added to your 