Here's What Key Metrics Tell Us About Carter Bankshares (CARE) Q2 Earnings

Core Insights - Carter Bankshares, Inc. reported a revenue of $37.44 million for the quarter ended June 2025, reflecting a year-over-year increase of 10.7% [1] - The earnings per share (EPS) for the quarter was $0.41, a significant rise from $0.21 in the same quarter last year, resulting in an EPS surprise of +32.26% against the consensus estimate of $0.31 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $37.77 million, showing a surprise of -0.88% [1] Financial Performance Metrics - The efficiency ratio for the quarter was reported at 78.6%, which is higher than the estimated average of 76.9% by two analysts [4] - The net interest margin stood at 2.8%, matching the average estimate based on two analysts [4] - Total noninterest income was reported at $4.91 million, which fell short of the two-analyst average estimate of $5.41 million [4] Stock Performance - Over the past month, shares of Carter Bankshares have returned +3.9%, compared to a +5.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]