Carter Bankshares Q3 2023 Earnings Report

Carter Bankshares EPS Results

• Actual EPS: $0.20
• Consensus EPS: $0.20
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Carter Bankshares Revenue Results

• Actual Revenue: $54.16 million
• Expected Revenue: $33.19 million
• Beat/Miss: Beat by +$20.97 million
• YoY Revenue Growth: N/A

Carter Bankshares Announcement Details

• Quarter: Q3 2023
• Date: 10/26/2023
• Time: N/A

Carter Bankshares (NASDAQ:CARE) operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction, acquisition, commercial, and industrial loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll, and social security checks; online banking products, including online and mobile banking, online account opening, bill pay, e-statement, mobile deposit, digital wallet, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.