Carter Bankshares, Inc. (CARE) Q1 Earnings and Revenues Beat Estimates

Group 1 - Carter Bankshares, Inc. reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and up from $0.24 per share a year ago, representing an earnings surprise of 6.67% [1] - The company posted revenues of $37.22 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.92%, compared to year-ago revenues of $33.46 million [2] - Over the last four quarters, Carter Bankshares has surpassed consensus EPS estimates two times and topped consensus revenue estimates once [2] Group 2 - The stock has underperformed the market, losing about 12.8% since the beginning of the year, while the S&P 500 declined by 8.6% [3] - The current consensus EPS estimate for the coming quarter is $0.29 on revenues of $36.43 million, and for the current fiscal year, it is $1.37 on revenues of $148.65 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]