CARE

MARTINSVILLE, VA / ACCESS Newswire / April 23, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $85.8 million, or $3.88 diluted earnings per share ("EPS"), for the first quarter of 2026 compared to net income of $8.5 million, or $0.38 diluted EPS, for the fourth quarter of 2025 and net income of $9.0 million, or $0.39 diluted EPS, for the first quarter of 2025. Net interest income was $35.9 million for the first quarter of 2026, $34.6 million for the fourth quarter of 2025, and $30.1 million for the first quarter of 2025. Pre-tax pre-provision income1 was $75.9 million for the first quarter of 2026, $8.8 million for the fourth quarter of 2025 and $9.0 million for the first quarter of 2025. On March 26, 2026, the Bank completed the sale (the "Transaction") of all loans, subsequently reduced to judgments related to various entities in which James C. Justice, II has an interest (such loans, subsequently reduced to judgments, the "Loans"). The Transaction was completed as an absolute, "as-is, where-is" sale to an unaffiliated third party. The Company received consideration of $289.5 million in cash in the Transaction. Immediately prior to the Transaction, the Loans had an outstanding aggregate principal amount of $209.5 million, all of the Loans were nonperforming and on nonaccrual status, and the Company had recorded a specific reserve with respect to the Loans of $18.0 million as of December 31, 2025. Transaction Highlights Received consideration of $289.5 million in cash in the Transaction during the quarter; Recognized a net gain on the Transaction of $80.0 million, comprised of: $65.0 million gain on the Transaction; and $15.0 million net recovery; Released $18.0 million of specific reserves related to the Loans; The Transaction was accretive to diluted earnings per share by $3.50 for the quarter; and The Transaction increased each of book value per share and tangible book value per share by $3.49. Financial Highlights for the Three Months Ended March 31, 2026 Total portfolio loans decreased $151.1 million at March 31, 2026 from December 31, 2025 due to the Transaction, partially offset by net loan growth during the first quarter of $58.4 million, or 6.1%7 on an annualized basis, and increased $41.0 million, or 1.1% from March 31, 2025; Net interest income t...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $3.91 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -89.76%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.41, delivering a surprise of +24.24%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Carter Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $107.06 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 11.48%. This compares to year-ago revenues of $37.22 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Carter Bankshares shares have added about 24% since the beginning of the year versus the S&P 500's gain of 4.3%. While Carter Bankshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Carter Bankshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of toda...

MARTINSVILLE, VA / ACCESS Newswire / April 23, 2026 / The board of directors of Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank"), approved a cash dividend of $0.10 per share on April 22, 2026. Based on the closing stock price on April 21, 2026 of $24.44, the annualized dividend yield is 1.64%. The dividend is payable on May 25, 2026 to shareholders of record as of May 11, 2026. "The reinstatement of the quarterly dividend reflects the Company's improved financial metrics, continued strong fundamentals and operating performance during the first quarter of 2026," stated Litz H. Van Dyke, Chief Executive Officer. Van Dyke continued, "This marks an important milestone for the Company, as it represents the first quarterly cash dividend in nearly 10 years." About Carter Bankshares, Inc. Headquartered in Martinsville, VA, Carter Bankshares, Inc. (NASDAQ: CARE) provides a full range of commercial banking, consumer banking, mortgage and services through its subsidiary Carter Bank. The Company has $4.8 billion in assets and 63 branches in Virginia and North Carolina as of March 31, 2026. For more information or to open an account visit www.carterbank.com. Carter Bankshares, Inc. [email protected] SOURCE: Carter Bankshares, Inc. View the original press release on ACCESS Newswire

Wall Street expects a year-over-year increase in earnings on higher revenues when Carter Bankshares, Inc. (CARE) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $3.91 per share in its upcoming report, which represents a year-over-year change of +1121.9%. Revenues are expected to be $120.95 million, up 225% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.61% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Ea...

Unity Bancorp (UNTY) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.19%. A quarter ago, it was expected that this bank holding company would post earnings of $1.35 per share when it actually produced earnings of $1.41, delivering a surprise of +4.44%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Unity Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $33.61 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $29.35 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Unity Bancorp shares have added about 8.7% since the beginning of the year versus the S&P 500's gain of 0.6%. While Unity Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Unity Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Ran...

For the quarter ended December 2025, Carter Bankshares, Inc. (CARE) reported revenue of $39.99 million, up 15.2% over the same period last year. EPS came in at $0.41, compared to $0.37 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $41.02 million, representing a surprise of -2.52%. The company delivered an EPS surprise of +24.24%, with the consensus EPS estimate being $0.33. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Carter Bankshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 77.8% versus 72.1% estimated by two analysts on average. Net Interest Margin: 2.9% versus 2.9% estimated by two analysts on average. Total Noninterest Income: $5.23 million versus $5.75 million estimated by two analysts on average. View all Key Company Metrics for Carter Bankshares here>>> Shares of Carter Bankshares have returned +1.3% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carter Bankshares, Inc. (CARE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +24.24%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.26, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Carter Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $39.99 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 2.52%. This compares to year-ago revenues of $34.7 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Carter Bankshares shares have added about 1.3% since the beginning of the year versus the S&P 500's gain of 1.9%. While Carter Bankshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Carter Bankshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of tod...

MARTINSVILLE, VA / ACCESS Newswire / January 29, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.5 million, or $0.38 diluted earnings per share ("EPS"), for the fourth quarter of 2025 compared to net income of $5.4 million, or $0.24 diluted EPS, for the third quarter of 2025 and net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024. Net interest income was $34.6 million for the fourth quarter of 2025, $33.7 million for the third quarter of 2025, and $29.1 million for the fourth quarter of 2024. Pre-tax pre-provision income1 was $8.8 million for the fourth quarter of 2025, $10.4 million for the third quarter of 2025 and $5.7 million for the fourth quarter of 2024. For the year ended December 31, 2025, net income was $31.4 million, or $1.38 diluted EPS, compared to net income of $24.5 million, or $1.06 diluted EPS for the year ended December 31, 2024. Net interest income was $130.8 million for the year ended December 31, 2025 and $114.5 million for the year ended December 31, 2024. Pre-tax pre-provision income1 was $36.2 million and $25.8 million for the years ended December 31, 2025 and 2024, respectively. The Company's financial results continue to be significantly impacted by loans in the Bank's Other segment of the Company's loan portfolio, the significant majority of which have been on nonaccrual status since the second quarter of 2023. The Bank's loans, now reduced to judgments, relate to various entities in which James C. Justice, II has an interest (collectively, the "Justice Entities"), remain the Bank's largest credit relationship and comprise the significant majority of the Other segment with an aggregate principal balance of $214.0 million as of December 31, 2025. Interest income was negatively impacted by $6.1 million during the fourth quarter of 2025, $6.5 million during the third quarter of 2025 and $7.9 million during the fourth quarter of 2024, due to these credits being on nonaccrual status. The negative impact to interest income during the years ended December 31, 2025 and December 31, 2024, was $26.1 million and $35.1 million, respectively. Interest income has been negatively impacted by $91.2 million in the aggregate since placement of these credits on nonaccrual status during the second quarter of 2023. As of...

CB Financial Services (CBFV) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.25%. A quarter ago, it was expected that this holding company for Pennsylvania-based Community Bank would post earnings of $0.66 per share when it actually produced earnings of $0.74, delivering a surprise of +12.12%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. CB Financial Services, which belongs to the Zacks Banks - Northeast industry, posted revenues of $15.56 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.34%. This compares to year-ago revenues of $13.19 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CB Financial Services shares have added about 0.7% since the beginning of the year versus the S&P 500's gain of 1.5%. While CB Financial Services has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CB Financial Services was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with t...

Carter Bankshares, Inc. (CARE) reported $39.25 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 14.1%. EPS of $0.26 for the same period compares to $0.23 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $39.8 million, representing a surprise of -1.38%. The company delivered an EPS surprise of -33.33%, with the consensus EPS estimate being $0.39. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Carter Bankshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 73.4% versus the two-analyst average estimate of 72%. Net Interest Margin: 2.9% compared to the 2.9% average estimate based on two analysts. Total Noninterest Income: $5.37 million versus the two-analyst average estimate of $5.35 million. View all Key Company Metrics for Carter Bankshares here>>> Shares of Carter Bankshares have returned -3.5% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carter Bankshares, Inc. (CARE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINSVILLE, VA / ACCESS Newswire / October 23, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $5.4 million, or $0.24 diluted earnings per share ("EPS"), for the third quarter of 2025 compared to net income of $8.5 million, or $0.37 diluted EPS, for the second quarter of 2025 and net income of $5.6 million, or $0.24 diluted EPS, for the third quarter of 2024. Net interest income was $33.7 million for the third quarter of 2025, $32.4 million for the second quarter of 2025, and $28.8 million for the third quarter of 2024. Pre-tax pre-provision income1 was $10.4 million for the third quarter of 2025, $8.0 million for the second quarter of 2025 and $6.8 million for the third quarter of 2024. For the nine months ended September 30, 2025, net income was $22.9 million, or $1.00 diluted EPS, compared to net income of $16.2 million, or $0.70 diluted EPS for the same period in 2024. Net interest income was $96.2 million for the nine months ended September 30, 2025, and $85.3 million for the nine months ended September 30, 2024. Pre-tax pre-provision income1 was $27.3 million and $20.2 million for the nine months ended September 30, 2025 and 2024, respectively. The Company's financial results continue to be significantly impacted by loans in the Bank's Other segment of the Company's loan portfolio, the significant majority of which have been on nonaccrual status since the second quarter of 2023. The Bank's loans, now reduced to judgments, relate to various entities in which James C. Justice, II has an interest (collectively, the "Justice Entities"), remain the Bank's largest credit relationship and comprise the significant majority of the Other segment with an aggregate principal balance of $228.6 million as of September 30, 2025. Interest income was negatively impacted by $6.5 million during the third quarter of 2025, $6.7 million during the second quarter of 2025, and $8.8 million during the third quarter of 2024, due to these credits being on nonaccrual status. Interest income has been negatively impacted by $85.2 million in the aggregate since placement of these credits on nonaccrual status during the second quarter of 2023. As of September 30, 2025, $73.4 million of aggregate curtailment payments made by the Justice Entities to the Bank have decreased the aggreg...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.41, delivering a surprise of +32.26%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Carter Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $39.25 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.38%. This compares to year-ago revenues of $34.41 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Carter Bankshares shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 13.9%. While Carter Bankshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Carter Bankshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of...