About Carter Bankshares, Inc. - Common Stock (CARE)
Carter Bankshares Inc is a financial institution that provides a range of banking services to its customers, including personal and commercial banking products, mortgage services, and wealth management solutions. The company focuses on serving individuals, small businesses, and local communities, with an emphasis on delivering personalized customer service and fostering long-term relationships. Carter Bankshares operates numerous branches, offering convenience and accessibility while maintaining a commitment to supporting economic growth in the regions it serves. Its portfolio of services is designed to meet the diverse financial needs of its clientele, from basic checking and savings accounts to loans and investment advice. Read More
It is with profound sadness that Carter Bank (Nasdaq: CARE), announces the unexpected passing of Executive Vice President of Mortgage Banking and Corporate Sales Director, Richard Owen on January 25, 2025. A Roanoke native with a track record of success in financial services, Owen oversaw the day-to-day operations of both the bank’s mortgage and corporate sales divisions for nearly a decade.
MARTINSVILLE, VA / ACCESS Newswire / January 23, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.3 million, or $0.36 diluted earnings per share ("EPS"), for the fourth quarter of 2024 compared to net income of $5.6 million, or $0.24 diluted EPS, for the third quarter of 2024 and a net loss of $1.9 million, or $(0.08) per share, for the fourth quarter of 2023. Pre-tax pre-provision income1 was $5.6 million for the fourth quarter of 2024, $6.8 million for the third quarter of 2024 and $1.6 million for the fourth quarter of 2023.
MARTINSVILLE, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Carter Bank (Nasdaq: CARE) and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today a significant investment of $2.3 million in grant funding, designated for three separate projects that will create 168 new affordable housing units across North Carolina.
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.
MARTINSVILLE, VA and FLORENCE, SC / ACCESSWIRE / December 10, 2024 / Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC PINK:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction").
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.
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.
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.
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.
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.
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.
MARTINSVILLE, VA / ACCESSWIRE / July 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.7 million, or $0.24 diluted earnings per share ("EPS"), for the second quarter of 2023 compared to net income of $15.9 million, or $0.67 diluted EPS, in the first quarter of 2023 and net income of $10.8 million, or $0.44 diluted EPS, for the second quarter of 2022. The pre-tax pre-provision income 1 was $6.2 million for the quarter ended June 30, 2023, $21.3 million for the quarter ended March 31, 2023 and $14.7 million for the quarter ended June 30, 2022.
MARTINSVILLE, VA / ACCESSWIRE / April 27, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record quarterly net income of $15.9 million, or $0.67 diluted earnings per share ("EPS"), for the first quarter of 2023 compared to net income of $15.6 million, or $0.65 diluted EPS, in the fourth quarter of 2022 and net income of $9.3 million, or $0.36 diluted EPS, for the first quarter of 2022. The pre-tax pre-provision income1 was $21.3 million for the quarter ended March 31, 2023, $19.4 million for the quarter ended December 31, 2022 and $11.0 million for the quarter ended March 31, 2022.
MARTINSVILLE, VA / ACCESSWIRE / January 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $15.6 million, or $0.65 diluted earnings per share ("EPS"), for the fourth quarter of 2022 compared to net income of $14.4 million, or $0.59 diluted EPS, in the third quarter of 2022 and $5.6 million, or $0.21 diluted EPS, for the fourth quarter of 2021. The quarterly pre-tax pre-provision income 1 was $19.4 million for the quarter ended December 31, 2022, $19.5 million for the quarter ended September 30, 2022 and $7.6 million for the quarter ended December 31, 2021.
