Carter Bankshares, Inc. (CARE)
Carter Bank Announces North Carolina Branch Acquisition From First Reliance Bank
MARTINSVILLE, VA and FLORENCE, SC / ACCESSWIRE / December 10, 2024 / Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC PINK:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction"). The Transaction allows First Reliance Bank to focus on its core markets in South Carolina as well as advance the organization's branch efficiency strategy.
Carter Bankshares (CARE) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended September 2024, 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) Meets Q3 Earnings Estimates
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.20 per share a year ago.
Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results
MARTINSVILLE, VA / ACCESSWIRE / October 24, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.6 million, or $0.24 diluted earnings per share ("EPS"), for the third quarter of 2024 compared to net income of $4.8 million, or $0.21 diluted EPS, for the second quarter of 2024 and net income of $3.6 million, or $0.16 diluted EPS, for the third quarter of 2023. The pre-tax pre-provision income1 was $6.8 million for the third quarter of 2024, $6.2 million for the second quarter of 2024 and $5.4 million for the third quarter of 2023.
Is the Options Market Predicting a Spike in Carter Bankshares (CARE) Stock?
Investors need to pay close attention to Carter Bankshares (CARE) stock based on the movements in the options market lately.
Compared to Estimates, Carter Bankshares (CARE) Q2 Earnings: A Look at Key Metrics
The headline numbers for Carter Bankshares (CARE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Carter Bankshares, Inc. (CARE) Meets Q2 Earnings Estimates
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.
Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results
MARTINSVILLE, VA / ACCESSWIRE / July 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share ("EPS"), for the second quarter of 2024 compared to net income of $5.8 million, or $0.25 diluted EPS, in the first quarter of 2024 and net income of $5.7 million, or $0.24 diluted EPS, for the second quarter of 2023. The pre-tax pre-provision income1 was $6.2 million for the second quarter of 2024, $7.2 million for the first quarter of 2024 and $6.2 million for the second quarter of 2023.
Carter Bankshares (CARE) Soars 5.2%: Is Further Upside Left in the Stock?
Carter Bankshares (CARE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Surging Earnings Estimates Signal Upside for Carter Bankshares (CARE) Stock
Carter Bankshares (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
How Much Upside is Left in Carter Bankshares (CARE)? Wall Street Analysts Think 28.92%
The mean of analysts' price targets for Carter Bankshares (CARE) points to a 28.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
