Carter Bankshares (CARE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Carter Bankshares, Inc. (CARE) reported a revenue of $37.22 million for the quarter ended March 2025, reflecting an 11.2% increase year-over-year and a surprise of +6.92% over the Zacks Consensus Estimate of $34.81 million [1] - The earnings per share (EPS) for the quarter was $0.32, up from $0.24 in the same quarter last year, with an EPS surprise of +6.67% compared to the consensus estimate of $0.30 [1] Financial Performance Metrics - The efficiency ratio for Carter Bankshares was reported at 75.7%, better than the average estimate of 80.2% from two analysts [4] - The net interest margin stood at 2.7%, slightly above the average estimate of 2.6% based on two analysts [4] - Total noninterest income was $6.90 million, exceeding the estimated $5.37 million from two analysts [4] Stock Performance - Over the past month, shares of Carter Bankshares have returned -8%, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]