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CARE

Carter Bankshares Inc

$16.97

Earnings Summary

Revenue
$35.98Mn
Net Profits
$10.78Mn
Net Profit Margins
29.96%
PE Ratio
11.69

Highlights

Revenue:

Carter Bankshares Inc’s revenue jumped 15.6% since last year same period to $35.98Mn in the Q2 2022. On a quarterly growth basis, Carter Bankshares Inc has generated 11.11% jump in its revenue since last 3-months.

Net Profits:

Carter Bankshares Inc’s net profit jumped 98.42% since last year same period to $10.78Mn in the Q2 2022. On a quarterly growth basis, Carter Bankshares Inc has generated 15.61% jump in its net profits since last 3-months.

Net Profit Margins:

Carter Bankshares Inc’s net profit margin jumped 71.64% since last year same period to 29.96% in the Q2 2022. On a quarterly growth basis, Carter Bankshares Inc has generated 4.05% jump in its net profit margins since last 3-months.

PE Ratio:

Carter Bankshares Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 11.69.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Carter Bankshares Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.37
EPS Estimate Current Year
0.37

Highlights

EPS Estimate Current Quarter:

Carter Bankshares Inc’s earning per share (EPS) estimates for the current quarter stand at 0.37 - a 23.33% jump from last quarter’s estimates.

EPS Estimate Current Year:

Carter Bankshares Inc’s earning per share (EPS) estimates for the current year stand at 0.37.

Key Ratios

Key ratios of the Carter Bankshares Inc post its Q2 2022 earnings

Earning Per Share (EPS)
0.44
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.1
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Carter Bankshares Inc’s earning per share (EPS) jumped 109.52% since last year same period to 0.44 in the Q2 2022. This indicates that the Carter Bankshares Inc has generated 109.52% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Carter Bankshares Inc’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Carter Bankshares Inc’s return on equity (ROE) stands at 0.1.

Dividend Per Share (DPS):

Carter Bankshares Inc declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
0.3
0.36
20%
2022-08-03
0.37
0.44
18.92%

Company Information

Headquartered in Martinsville, VA, Carter Bank & Trust is a state-chartered community bank in Virginia and trades on the Nasdaq Global Select Market under the symbol CARE. The Bank has $4.1 billion in assets and 91 branches in Virginia and North Carolina.

Organisation
Carter Bankshares Inc
Employees
828
Industry
Regional Banks