Investors might want to bet on Carter Bankshares, Inc. (CARE) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwee ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) | Virginia | | | 85-3365661 | | --- | --- | --- | --- | | (State or other jurisdicti ...

Group 1 - Carter Bankshares, Inc. (CARE) shares have increased by 3.4% over the past four weeks, closing at $17.93, with a mean price target of $22.67 indicating a potential upside of 26.4% [1] - The mean estimate includes three short-term price targets with a standard deviation of $1.53, where the lowest estimate of $21.00 suggests a 17.1% increase, and the highest estimate of $24.00 indicates a 33.9% increase [2] - Analysts show a strong consensus that CARE will report better earnings than previously estimated, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for CARE has increased by 10.4% due to one upward revision in earnings estimates over the last 30 days, with no negative revisions [12] - CARE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a directional guide for price movement [14]

For the quarter ended June 2025, Carter Bankshares, Inc. (CARE) reported revenue of $37.44 million, up 10.7% over the same period last year. EPS came in at $0.41, compared to $0.21 in the year-ago quarter.The reported revenue represents a surprise of -0.88% over the Zacks Consensus Estimate of $37.77 million. With the consensus EPS estimate being $0.31, the EPS surprise was +32.26%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +32.26%. A quarter ago, it was expected that this company would post earnings of $0.3 per share when it actually produced earnings of $0.32, delivering a surprise of +6.67%.Over the last four quarters, the ...

Exhibit 99.1 FOR IMMEDIATE RELEASE – July 24, 2025 Carter Bankshares, Inc. Announces Second Quarter 2025 Financial Results Martinsville, VA, July 24, 2025 – Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.5 million, or $0.37 diluted earnings per share ("EPS"), for the second quarter of 2025 compared to net income of $9.0 million, or $0.39 diluted EPS, for the first quarter of 2025 and net income of $4.8 million ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39731 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) | Virginia | | | 85-3365661 | | --- | --- | --- | --- | | (State or other jurisdicti ...

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. For the quarter ended March 2025, Carter Bankshares, Inc. (CARE) reported revenue of $37.22 million, up 11.2% over the same period last year. EPS came in at $0.32, compared to $0.24 in the year-ago quarter. The reported revenue represents a surprise of +6.92% over the Zacks Consensus Es ...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive tra ...

Exhibit 99.1 Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results Martinsville, VA, April 24, 2025 – Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first ...