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. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Carter Bankshares, which belongs ...

Exhibit 99.1 FOR IMMEDIATE RELEASE – October 24, 2024 Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results Martinsville, VA, 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 ...

Core Viewpoint - Oklahoma Complete Health, a subsidiary of Centene Corporation, announced a $75,000 investment to support the recruitment, training, and retention of foster and adoptive families in Oklahoma [1][2]. Group 1: Investment and Program Details - The funding will enable the Foster Care Association of Oklahoma (FCAO) to expand the Foster Parent Mentoring Program, which has already received $150,000 since its inception in 2021 [2]. - The Foster Parent Mentoring Program has served 200 foster families since its launch, addressing the needs of families who are new to fostering [2][3]. Group 2: Community Impact - Oklahoma Complete Health's CEO, Clay Franklin, emphasized the importance of supporting foster and adoptive families to enrich the lives of children in foster care [2]. - The program aims to provide ongoing support and resources to foster parents during their first year, helping them navigate challenges and build a supportive community [3]. Group 3: Organizational Background - Oklahoma Complete Health focuses on serving underinsured and uninsured individuals through various health insurance solutions, including the federal insurance marketplace plan (Ambetter) and Medicare Advantage Plan (Wellcare) [4].

NEW YORK, Sept. 17, 2024 /PRNewswire/ -- A survey of older adults in the United States reveals wideranging dissatisfaction with health care and related services that don't reflect and respond to how people want to live as they age. Age Wave and The John A. Hartford Foundation released findings of a national survey, "Meeting the Growing Demand for Age-Friendly Care: Health Care at the Crossroads," conducted by The Harris Poll. It underscores that America's 65+ population is skyrocketing, as opportunities go ...

ST. LOUIS, Sept. 4, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its Iowa-based subsidiary, Iowa Total Care, has been selected by the Iowa Department of Health and Human Services (HHS) to continue providing Medicaid managed care services under the Iowa Health Link program. The Iowa Health Link program administers Iowa Medicaid, the Iowa Health and Wellness Plan and Healthy and Well Kids in Iowa (H ...

Investors in Carter Bankshares, Inc. (CARE) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $12.5 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...

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 ...