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.

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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.

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Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, LNTH, CARE, ARLP and DGII.

5 Stocks With Recent Price Strength in an Uncertain September

Carter Bankshares, Inc. (CARE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in Carter Bankshares, Inc. (CARE) is Your Friend, Here's Why

Here is how Carter Bankshares, Inc. (CARE) and Cullen/Frost Bankers (CFR) have performed compared to their sector so far this year.

Is Carter Bankshares (CARE) Outperforming Other Finance Stocks This Year?

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

Can Carter Bankshares, Inc. (CARE) Run Higher on Rising Earnings Estimates?

Carter Bankshares, Inc. (CARE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Carter Bankshares, Inc. (CARE) is on the Move, Here's Why the Trend Could be Sustainable

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 22.22% and 8.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Carter Bankshares, Inc. (CARE) Q2 Earnings and Revenues Surpass Estimates

MARTINSVILLE, VA / ACCESSWIRE / July 28, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $10.8 million, or $0.44 diluted earnings per share, for the second quarter of 2022 compared to net income of $9.3 million, or $0.36 diluted earnings per share, in the first quarter of 2022 and net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021. The pre-tax pre-provision income 1 was $14.7 million for the quarter ended June 30, 2022, $11.0 million for the quarter ended March 31, 2022 and $6.7 million for the quarter ended June 30, 2021.

Carter Bankshares, Inc. Announces Second Quarter 2022 Financial Results

Will Carter Bankshares, Inc. (CARE) Gain on Rising Earnings Estimates?

The average of price targets set by Wall Street analysts indicates a potential upside of 26.5% in Carter Bankshares, Inc. (CARE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Carter Bankshares, Inc. (CARE) Could Surge 27%: Read This Before Placing a Bet

Take your pick promotion offers individuals and businesses the choice of two special interest rate savings options. MARTINSVILLE, VA / ACCESSWIRE / June 27, 2022 / For a limited time, Carter Bank & Trust (NASDAQ:CARE) is offering both individuals and businesses long and short-term alternatives for increasing their savings and growing their money, through its Take Your Pick savings promotion.

Carter Bank & Trust Introduces a Limited-Time Take Your Pick Promotion

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.

After Plunging 9.7% in 4 Weeks, Here's Why the Trend Might Reverse for Carter Bankshares, Inc. (CARE)

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

Has Carter Bankshares (CARE) Outpaced Other Finance Stocks This Year?

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 20% and 0%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Carter Bankshares, Inc. (CARE) Q1 Earnings Top Estimates

MARTINSVILLE, VA / ACCESSWIRE / April 26, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $9.3 million, or $0.36 diluted earnings per share, for the first quarter of 2022 compared to net income of $5.6 million, or $0.21 diluted earnings per share, in the fourth quarter of 2021 and net income of $9.4 million, or $0.36 diluted earnings per share, for the first quarter of 2021. The pre-tax pre-provision income1 was $11.0 million for the quarter ended March 31, 2022, $7.6 million for the quarter ended December 31, 2021 and $11.9 million for the quarter ended March 31, 2021.

Carter Bankshares, Inc. Announces First Quarter 2022 Financial Results

The Bank will open a regional banking hub, on East Morehead, for commercial and retail banking in early May. MARTINSVILLE, VA / ACCESSWIRE / April 13, 2022 / Carter Bank & Trust (NASDAQ:CARE) announced today that it is expanding in the Charlotte-market with the opening of its second North Carolina regional banking hub, located at 500 East Morehead St. The hub will be a flagship center for the $4.1 billion community bank headquartered in Martinsville, Va.

Carter Bank & Trust Set To Expand Into Charlotte

Owen, who joined the bank in 2017, will continue to lead the Bank's Mortgage and Corporate Sales Divisions. MARTINSVILLE, VA / ACCESSWIRE / April 5, 2022 / Carter Bank & Trust (NASDAQ:CARE) (The "Bank") announced today the promotion of Richard Owen to Executive Vice President - Mortgage Banking & Corporate Sales Director.

Carter Bank & Trust Announces the Promotion of Mortgage Director Richard Owen to Executive Vice President

Jacob A. Lutz, III and Curtis E. Stephens Will Help Guide the Continued Growth of Carter Bankshares, Inc. MARTINSVILLE, VA / ACCESSWIRE / March 24, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company for Carter Bank & Trust, announced the appointment of two new members to its Board of Directors - Jacob A.

Carter Bankshares, Inc. Appoints Two New Members to Board of Directors

Parnell brings more than two decades of experience in brand strategy and marketing to the newly created position. MARTINSVILLE, VA / ACCESSWIRE / March 23, 2022 / Carter Bank & Trust (NASDAQ:CARE) has announced the hiring of financial services marketing veteran Chrystal Parnell to serve as the Bank's Chief Marketing and Communications Officer (CMCO), a newly created position on its Senior Management Team.

Chrystal Parnell Joins Carter Bank & Trust to Serve as the Bank's First Chief Marketing and Communications Officer

MARTINSVILLE, VA / ACCESSWIRE / March 1, 2022 / In continuing its reputation of caring for the communities it's privileged to serve, Carter Bank & Trust (NASDAQ:CARE) donated more than $26,000 to 23 non-profit organizations throughout its footprint in Q4 2021 as part of the Bank's CARE Forward program. The Q4 donations brought the yearly total to more than $100,000.

Carter Bank & Trust Donates More Than $26,000 To Non-Profit Organizations In Q4, 2021

MARTINSVILLE, VA / ACCESSWIRE / January 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $5.6 million, or $0.21 diluted earnings per share, for the fourth quarter of 2021 compared to net income of $11.2 million, or $0.42 diluted earnings per share, in the third quarter of 2021 and $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020. The quarterly pre-tax pre-provision income 1 was $7.6 million for the quarter ended December 31, 2021, $11.6 million for the quarter ended September 30, 2021 and $7.9 million for the quarter ended December 31, 2020.

Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2021 Financial Results

The partnership will include $10,000 in needs-based scholarship funds for North Carolina Agricultural & Technical State University students. MARTINSVILLE, VA / ACCESSWIRE / December 17, 2021 / Carter Bank & Trust (NASDAQ:CARE) is proud to partner with HBCU Heroes in support of their vision to advance, elevate and inspire the HBCU student community.

Carter Bank & Trust Announces Partnership With HBCU Heroes To Help And Inspire The HBCU Community

Donations were a part of the Bank's CARE Forward Campaign. MARTINSVILLE, VA / ACCESSWIRE / December 6, 2021 / Since 1974, Carter Bank & Trust (NASDAQ:CARE) has built a reputation of care by working to enriching the lives of the people living and working in the communities it is privileged to serve.

Carter Bank & Trust Continues Tradition of Care by Donating $31,370 to 23 Non-Profit Organizations in Q3

MARTINSVILLE, VA / ACCESSWIRE / October 28, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $11.2 million, or $0.42 diluted earnings per share, for the third quarter of 2021 compared to net income of $5.4 million, or $0.21 diluted earnings per share, in the second quarter of 2021 and a net loss of $57.7 million, or $2.19 per share, for the third quarter of 2020. A loss of $57.7 million was recognized during the third quarter of 2020 related to a one-time charge resulting from goodwill impairment.

Carter Bankshares, Inc. Announces Third Quarter 2021 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / July 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021 compared to net income of $9.4 million, or $0.36 diluted earnings per share, in the first quarter of 2021 and net income of $4.5 million, or $0.17 diluted earnings per share, for the second quarter of 2020. Core pre-tax pre-provision earnings 1 were $7.9 million, $8.5 million and $7.0 million for the quarters ended June 30, 2021, March 31, 2021 and June 30, 2020, respectively.

Carter Bankshares, Inc. Announces Second Quarter 2021 Financial Results

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

News for Carter Bankshares Stock (CARE)