Carter Bankshares, Inc. (CARE) Beats Q2 Earnings Estimates

Group 1 - Carter Bankshares, Inc. reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and showing an increase from $0.21 per share a year ago, resulting in an earnings surprise of +32.26% [1] - The company posted revenues of $37.44 million for the quarter ended June 2025, which was below the Zacks Consensus Estimate by 0.88%, but an increase from $33.82 million year-over-year [2] - Over the last four quarters, Carter Bankshares has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call, as Carter Bankshares shares have gained about 1.3% year-to-date, compared to the S&P 500's gain of 8.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $39.64 million, and for the current fiscal year, it is $1.30 on revenues of $155.48 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]