Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Carter Bankshares, Inc. (CARE)
NASDAQ:AMEX Investor Relations:
carterbankandtrust.com
Company Research
Source: Yahoo! Finance
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 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 first quarter of 2024, compared to the prior year quarter, were significantly impacted by placing loans contained in the Bank's Other segment representing the Bank's largest lending relationship with an aggregate principal value of $301.9 million on nonaccrual status during the second quarter of 2023. As a result, interest income was negatively impacted by $9.3 million during the first quarter of 2024 and interest income has be
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News
- Compared to Estimates, Carter Bankshares (CARE) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Carter Bankshares, Inc. Announces First Quarter 2024 Financial ResultsAccesswire
- Carter Bankshares, Inc.'s (NASDAQ:CARE) top owners are individual investors with 54% stake, while 42% is held by institutions [Yahoo! Finance]Yahoo! Finance
CARE
Earnings
- 4/25/24 - Beat
CARE
Sec Filings
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/26/24 - Form ARS
- CARE's page on the SEC website