Carter Bankshares

Carter Bankshares, Inc. operates as a bank holding company, which offers deposit accounts, online account opening, and commercial, small business, and personal loan products and services. The company was founded by Worth Harris Carter, Jr. in 1974 and is headquartered in Martinsville, VA.

Earnings data Q1 2021

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Carter Bankshares, Inc. is a holding company, which engages in the provision of retail and commercial financial products and services and insurance products. The company was founded by Worth Harris Carter, Jr. in 1974 and is headquartered in Martinsville, VA.

While the top- and bottom-line numbers for Carter Bankshares, Inc. (CARE) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Carter Bankshares, Inc. (CARE) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

MARTINSVILLE, VA / ACCESSWIRE / October 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $3.6 million, or $0.16 diluted earnings per share ("EPS"), for the third quarter of 2023 compared to net income of $5.7 million, or $0.24 diluted EPS, in the second quarter of 2023 and net income of $14.4 million, or $0.59 diluted EPS, for the third quarter of 2022. The pre-tax pre-provision income1 was $5.4 million for the quarter ended September 30, 2023, $6.2 million for the quarter ended June 30, 2023 and $19.5 million for the quarter ended September 30, 2022.

Carter Bankshares, Inc. Announces Third Quarter 2023 Financial Results

The Bank is now "The Preferred Community Bank of Liberty Flames Athletics." MARTINSVILLE, VA / ACCESSWIRE / August 29, 2023 / As Liberty University's athletic teams get ready to tackle their 2023-24 seasons, Carter Bank (NASDAQ:CARE) is excited to expand its relationship with the Flames, by becoming the "Preferred Community Bank of Liberty Flames Athletics," the Bank announced today.

Carter Bank Expands Partnership With The Liberty Flames

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.44 per share a year ago.

Carter Bankshares, Inc. (CARE) Lags Q2 Earnings and Revenue Estimates

MARTINSVILLE, VA / ACCESSWIRE / July 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.7 million, or $0.24 diluted earnings per share ("EPS"), for the second quarter of 2023 compared to net income of $15.9 million, or $0.67 diluted EPS, in the first quarter of 2023 and net income of $10.8 million, or $0.44 diluted EPS, for the second quarter of 2022. The pre-tax pre-provision income 1 was $6.2 million for the quarter ended June 30, 2023, $21.3 million for the quarter ended March 31, 2023 and $14.7 million for the quarter ended June 30, 2022.

Carter Bankshares, Inc. Announces Second Quarter 2023 Financial Results

Carter Bankshares, Inc. (CARE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.36 per share a year ago.

Carter Bankshares, Inc. (CARE) Beats Q1 Earnings and Revenue Estimates

MARTINSVILLE, VA / ACCESSWIRE / April 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record quarterly net income of $15.9 million, or $0.67 diluted earnings per share ("EPS"), for the first quarter of 2023 compared to net income of $15.6 million, or $0.65 diluted EPS, in the fourth quarter of 2022 and net income of $9.3 million, or $0.36 diluted EPS, for the first quarter of 2022. The pre-tax pre-provision income1 was $21.3 million for the quarter ended March 31, 2023, $19.4 million for the quarter ended December 31, 2022 and $11.0 million for the quarter ended March 31, 2022.

Carter Bankshares, Inc. Announces Record First Quarter 2023 Financial Results

Carter Bankshares: A Hidden Gem To Fight Inflationary Headwinds.

Carter Bankshares: A Hidden Gem To Fight Inflationary Headwinds

Carter Bankshares, Inc. (CARE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: What to Know Ahead of Q1 Release

Carter Bankshares, Inc. (CARE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Carter Bankshares, Inc. (CARE) Could Beat Earnings Estimates Again

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 1.64% and 6.61%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Carter Bankshares, Inc. (CARE) Beats Q4 Earnings and Revenue Estimates

MARTINSVILLE, VA / ACCESSWIRE / January 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $15.6 million, or $0.65 diluted earnings per share ("EPS"), for the fourth quarter of 2022 compared to net income of $14.4 million, or $0.59 diluted EPS, in the third quarter of 2022 and $5.6 million, or $0.21 diluted EPS, for the fourth quarter of 2021. The quarterly pre-tax pre-provision income 1 was $19.4 million for the quarter ended December 31, 2022, $19.5 million for the quarter ended September 30, 2022 and $7.6 million for the quarter ended December 31, 2021.

Carter Bankshares, Inc. Announces Record Fourth Quarter and Full Year 2022 Financial Results

In addition, Speare has been named the Bank's Chief Operations Officer, a change from his former role as Chief Information Officer. MARTINSVILLE, VA / ACCESSWIRE / January 24, 2023 / Carter Bank & Trust (NASDAQ:CARE) (The "Bank") announced today the promotion of three Bank Executives.

Carter Bank & Trust Announces the Promotion of Executives Matt Speare, Rich Spiker and Tony Kallsen to Senior Executive Vice President

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Carter Bankshares (CARE) Stock Undervalued Right Now?

Carter Bankshares, Inc. (CARE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Carter Bankshares, Inc. (CARE) Loses 9.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Here is how Carter Bankshares, Inc. (CARE) and Commerzbank AG (CRZBY) have performed compared to their sector so far this year.

Is Carter Bankshares (CARE) Stock Outpacing Its Finance Peers This Year?

Carter Bankshares (CARE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Carter Bankshares (CARE) Stock Might be a Great Pick

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With U.S. stocks wavering, it's prudent to invest in risk-adjusted stocks like Archer Daniels Midland (ADM), Carter Bankshares (CARE), W.R. Berkley (WRB), Lamb Weston (LW) and AeroVironment (AVAV) for better returns.

5 Solid Stocks to Play a Topsy-Turvy Wall Street

Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Carter Bankshares, Inc. (CARE): Time to Buy?

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 15.69% and 8.08%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Carter Bankshares, Inc. (CARE) Q3 Earnings and Revenues Top Estimates

MARTINSVILLE, VA / ACCESSWIRE / October 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $14.4 million, or $0.59 diluted earnings per share ("EPS"), for the third quarter of 2022 compared to net income of $10.8 million, or $0.44 diluted EPS, in the second quarter of 2022 and net income of $11.2 million, or $0.42 diluted EPS, for the third quarter of 2021. The pre-tax pre-provision income1 was $19.5 million for the quarter ended September 30, 2022, $14.7 million for the quarter ended June 30, 2022 and $11.6 million for the quarter ended September 30, 2021.

Carter Bankshares, Inc. Announces Record Third Quarter 2022 Financial Results

Can Carter Bankshares, Inc. (CARE) Keep the Earnings Surprise Streak Alive?

Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: Should You Buy?

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