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Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results

1. Carter Bankshares reported $9.0 million net income for Q1 2025, increasing from Q4 2024. 2. Earnings per share rose to $0.39, reflecting strong performance compared to last year.

Earnings
+0.07%Current Return
VS
+2.82%S&P 500
$15.3404/24 08:08 AM EDTEvent Start
$15.3504/25 02:47 PM EDTLatest Updated
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FAQ

Why Bullish?

Carter Bankshares' earnings growth signifies financial stability, which historically boosts investor confidence and stock prices.

How important is it?

Consistent earnings growth directly influences stock valuations and investor sentiment, making this report highly significant.

Why Short Term?

Immediate financial performance can lead to short-term price adjustments as investors react to earnings reports.

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CASHCUBNSTTC
MARTINSVILLE, VA / ACCESS Newswire / April 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first quarter of 2024. Pre-tax pre-provision income1 was $9.0 million for the first quarter of 2025, $5.6 million for the fourth quarter of 2024 and $7.2 million for the first quarter of 2024.

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