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 For the quarterly period ended June 30, 2024 OR ☐ 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 ...

For the quarter ended June 2024, Carter Bankshares, Inc. (CARE) reported revenue of $33.82 million, up 6.6% over the same period last year. EPS came in at $0.21, compared to $0.24 in the year-ago quarter. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Net Interest Margin: 2.6% ...

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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.24, delivering a surprise of 140%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Carter Bankshares, whi ...

Exhibit 99.1 Financial Highlights for the Three and Six Months Ended June 30, 2024 • Total deposits increased $50.8 million, or 5.3% on an annualized basis, compared to March 31, 2024 and increased $301.2 million, or 8.4%, compared to June 30, 2023; • The efficiency ratio was 81.62%, 78.46% and 80.46% for the quarters ended June 30, 2024, March 31, 2024 and June 30, 2023, respectively. The efficiency ratio was impacted primarily by the Bank's largest lending relationship that was placed in nonaccrual status ...

With the Federal Reserve expected to cut interest rates once later this year, banking companies are in the spotlight. Hence, Carter Bankshares is likely to see an increase in demand for loans from its portfolio companies and new entities as they realize higher rates are here to stay for longer. Thus, this drove the CARE stock higher. For Carter Bankshares, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the ab ...

GREENSBORO, N.C., June 6, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has been recognized by Nareit, the National Association of Real Estate Investment Trusts, with the 2024 Nareit Investor CARE (Communications and Reporting Excellence) Gold Award in the Small Cap Equity REIT category. Nareit announced the 2024 Investor CARE Award recipients during its REITweek 2024 Investor Conference this week. This annual awards program recog ...

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 rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation bet ...

Shares of Carter Bankshares, Inc. (CARE) have gained 6.4% over the past four weeks to close the last trading session at $12.93, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.67 indicates a potential upside of 28.9%. The average comprises three short-term price targets ranging from a low of $13 to a high of $20, with a standard deviation of $3.51. While the lowest estimate ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 CARTER BANKSHARES, INC. (Exact name of registrant as specified in its charter) Virginia 85-3365661 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1300 Kings Mountain Road Martinsville Virginia 24112 (Address of principal executive offices) (Zip Code) FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transitio ...

Shares of Carter Bankshares, Inc. (CARE) have gained 4.8% over the past four weeks to close the last trading session at $12.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.67 indicates a potential upside of 30.9%.The average comprises three short-term price targets ranging from a low of $13 to a high of $20, with a standard deviation of $3.51. While the lowest estimate i ...