As the bank celebrates 50 years, it welcomes a new brand that blends modernity with the company's rich history as a compassionate community bank. Carter Bank (NASDAQ:CARE), a leading community bank with branches throughout Virginia and North Carolina, today unveiled a new brand identity centered entirely around the people who matter most—the customers and associates of Carter Bank and the communities it serves. The comprehensive new brand comes as Carter Bank—which opened its first branch in Rocky Mount, Va. in 1974—celebrates 50 years in business. Completed by branding firm Strum, the new branding includes an entirely redesigned logo, color palette, messaging and foundational brand eleme

MARTINSVILLE, VA / ACCESSWIRE / October 24, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.6 million, or $0.24 diluted earnings per share ("EPS"), for the third quarter of 2024 compared to net income of $4.8 million, or $0.21 diluted EPS, for the second quarter of 2024 and net income of $3.6 million, or $0.16 diluted EPS, for the third quarter of 2023. The pre-tax pre-provision income1 was $6.8 million for the third quarter of 2024, $6.2 million for the second quarter of 2024 and $5.4 million for the third quarter of 2023.For the nine months ended September 30, 2024, net income w

MARTINSVILLE, VA / ACCESSWIRE / July 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share ("EPS"), for the second quarter of 2024 compared to net income of $5.8 million, or $0.25 diluted EPS, in the first quarter of 2024 and net income of $5.7 million, or $0.24 diluted EPS, for the second quarter of 2023. The pre-tax pre-provision income1 was $6.2 million for the second quarter of 2024, $7.2 million for the first quarter of 2024 and $6.2 million for the second quarter of 2023.For the six months ended June 30, 2024, net income was $10.6

The new financial center at 2501 Blue Ridge Road includes full-service retail and commercial bankingMARTINSVILLE, VA / ACCESSWIRE / May 9, 2024 / As Carter Bank (NASDAQ:CARE) opens its first retail branch in Raleigh, a seasoned commercial banking team is already in place, actively serving area businesses under the leadership of long-time eastern North Carolina banking veteran, Todd Baker.Carter Bank caters to small to mid-size businesses, offering a comprehensive suite of products, services, and solutions, including lending, cash management, insurance, wealth advisory, and concierge-level service to business owners."We're excited to bring our enhanced version of consultative, relationship ba

MARTINSVILLE, VA / ACCESSWIRE / April 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.8 million, or $0.25 diluted earnings per share ("EPS"), for the first quarter of 2024 compared to a net loss of $(1.9) million, or $(0.08) EPS, in the fourth quarter of 2023 and net income of $15.9 million, or $0.67 diluted EPS, for the first quarter of 2023. The pre-tax pre-provision income 1 was $7.2 million for the quarter ended March 31, 2024, $1.6 million for the quarter ended December 31, 2023 and $21.9 million for the quarter ended March 31, 2023.The Company's financial results for the

The digital banking solution is designed to help businesses improve efficiencies with escrow and subaccount management.MARTINSVILLE, VA / ACCESSWIRE / February 1, 2024 / Carter Bank (NASDAQ:CARE), a leading community bank with branches throughout Virginia and North Carolina, announced today the launch of Carter ZEscrow, a revolutionary banking solution designed to help businesses of all sizes increase efficiency when it comes to managing escrow and subaccounts.Developed by ZSuite Tech, Carter ZEscrow is a digital platform that streamlines the escrow process. It provides customers with a secure and reliable way to handle their transactions, including account management, reporting, tax forms,

MARTINSVILLE, VA / ACCESSWIRE / January 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced a net loss of $1.9 million, or $(0.08) earnings per share ("EPS"), for the fourth quarter of 2023 compared to net income of $3.6 million, or $0.16 diluted EPS, in the third quarter of 2023 and $15.6 million, or $0.65 diluted EPS, for the fourth quarter of 2022. The quarterly pre-tax pre-provision income 1 was $1.6 million for the quarter ended December 31, 2023, $5.4 million for the quarter ended September 30, 2023 and $19.4 million for the quarter ended December 31, 2022.For the year ended December 31, 2023, net inc

MARTINSVILLE, VA / ACCESSWIRE / January 3, 2024 / Carter Bank (NASDAQ:CARE) is set for a big year in 2024, as the community bank headquartered in Martinsville is celebrating its 50th anniversary.The Bank, founded by Worth H. Carter Jr., first opened its doors on Dec. 13, 1974, with a single branch in Rocky Mount, Va. In the 50 years since, Carter Bank has grown to a leading community bank in the region, with more than 60 locations across Virginia and North Carolina."We are proud to be celebrating 50 years of community banking," said Litz Van Dyke, CEO of Carter Bank. "To be able to celebrate five decades in business is quite the accomplishment and a true testament to the vision of Mr. Carter

The Regional Banking Hub, located at 300 Preston Ave., is the Bank's third location in Charlottesville.CHARLOTTESVILLE, VA / ACCESSWIRE / December 13, 2023 / Forty-nine years to the day after it opened its first branch, Carter Bank (NASDAQ:CARE) opened its newest location, a regional banking hub, at 300 Preston Avenue in Charlottesville.The Preston Avenue location, Carter's third in Charlottesville, features both a commercial banking center and a retail branch. "We view Charlottesville as a high-growth market for us and want to ensure we have the right pieces in place to serve companies of all sizes, from small businesses to large corporations," Senior Executive Vice President and Chief

MARTINSVILLE, VA / ACCESSWIRE / October 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $3.6 million, or $0.16 diluted earnings per share ("EPS"), for the third quarter of 2023 compared to net income of $5.7 million, or $0.24 diluted EPS, in the second quarter of 2023 and net income of $14.4 million, or $0.59 diluted EPS, for the third quarter of 2022. The pre-tax pre-provision income1 was $5.4 million for the quarter ended September 30, 2023, $6.2 million for the quarter ended June 30, 2023 and $19.5 million for the quarter ended September 30, 2022.For the nine months ended Sept

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8-K - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

10-Q - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

8-K - Carter Bankshares, Inc. (0001829576) (Filer)

SC 13G/A - Carter Bankshares, Inc. (0001829576) (Subject)

SC 13G/A - Carter Bankshares, Inc. (0001829576) (Subject)

SC 13G - Carter Bankshares, Inc. (0001829576) (Subject)

SC 13G/A - Carter Bankshares, Inc. (0001829576) (Subject)

Carter Bankshares (NASDAQ:CARE) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.10 by 140 percent. The company reported quarterly sales of $33.670 million which beat the analyst consensus estimate of $32.789 million by 2.69 percent. This is a 26.03 percent decrease over sales of $45.520 million the same period last year.

Carter Bankshares (NASDAQ:CARE) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.17 by 111.76 percent. This is a 103.23 percent decrease over earnings of $0.62 per share from the same period last year.

Carter Bankshares (NASDAQ:CARE) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. This is a 63.64 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $32.66 million which met the analyst consensus estimate. This is a 23.98 percent decrease over sales of $42.96 million the same period last year.

  On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-My

Carter Bankshares (NASDAQ:CARE) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.61 by 60.66 percent. This is a 45.45 percent decrease over earnings of $0.44 per share from the same period last year.

Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is expected to report quarterly earnings at $0.17 per share on revenue of $440.16 million. • AudioCodes (NASDAQ:AUDC) is projected to report quarterly earnings at $0.17 per share on revenue of $62.17 million. • Verona Pharma (NASDAQ:VRNA) is estimated to report earnings for its first quarter. • Plug Power (NASDAQ:PLUG) is estimated to report quarterly loss at $0.26 per share on revenue of $205.14 million. • eHealth (NASDAQ:EHTH) is expected to report quarterly loss at $0.95 per share on revenue of $70.78 million. • Seres Therapeutics (NASDAQ:MCRB) is likely to report quarterly loss at $0.55 per share on revenue of $1.38 mil

  On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C

Although US stocks closed slightly lower on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Texas Capital Bancshares The Trade: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Thomas Long acquired a total

Upgrades Telsey Advisory Group upgraded the previous rating for Allbirds Inc (NASDAQ:BIRD) from Market Perform to Outperform. Allbirds earned $0.17 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Allbirds shows a 52-week-high of $6.12 and a 52-week-low of $1.03. Moreover, at the end of the last trading period, the closing price was at $1.25. For Stoke Therapeutics Inc (NASDAQ:STOK), B of A Securities upgraded the previous rating of Underperform to Neutral. Stoke Therapeutics earned $0.65 in the fourth quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Stoke Therapeutics shows a 52-week-high of $22.78 and

Raymond James analyst Steve Moss upgrades Carter Bankshares (NASDAQ:CARE) from Market Perform to Outperform and announces $17 price target.