Carter Bankshares Second Quarter 2025 Earnings: EPS Beats Expectations
Financial Performance: The company reported a revenue of US$39.9 million (up 20%) and a net income of US$8.51 million (up 79%), with an EPS of US$0.37, surpassing analyst estimates by 25%.
Future Outlook: Revenue is expected to grow at an average rate of 9.4% per annum over the next two years, outpacing the 7.5% growth forecast for the US Banks industry, although there is one warning sign noted for Carter Bankshares.
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Carter Bank & Trust Reports Strong Q4 Earnings
- Earnings Growth: Carter Bank & Trust reported a GAAP EPS of $0.38 for Q4, indicating stable profitability and resilience in a competitive market environment.
- Revenue Performance: The bank achieved revenues of $39.86 million in Q4, showcasing strong performance and continued growth in its lending and deposit businesses, thereby enhancing its market position.
- Deposit Situation: Total deposits increased slightly by $0.5 million to $4.2 billion as of December 31, 2025, reflecting customer trust and reliance on Carter Bank despite uncertainties in the overall market.
- Borrowing Situation: Federal Home Loan Bank borrowings rose by $3.0 million to $178.5 million to support loan growth, indicating the bank's proactive strategy in expanding its credit business.
Carter Bank Wins Eight Awards for Brand Refresh
- Brand Refresh Achievement: Since unveiling its new brand last year, Carter Bank has received eight national honors, including accolades from the Brandies and MUSE Awards, highlighting its innovation and impact in the financial services sector.
- Industry Recognition: Recently named one of the Best Banks in Virginia by Forbes, Carter Bank's rebranding is seen as a crucial step in enhancing customer service and community engagement, further solidifying its market position.
- Visual Identity Innovation: The new brand identity modernizes Carter Bank's visual recognition while reflecting its mission to create opportunities for more people and businesses, enhancing customer brand loyalty.
- Team Effort Rewarded: Executives at Carter Bank noted that these awards are a testament to the dedication of the team and customer relationships, further motivating employees to continue driving brand development and community service in the future.
Carter Bank Becomes a State Member Bank of the Federal Reserve Bank of Richmond
Carter Bank's New Status: Carter Bank, a subsidiary of Carter Bankshares, Inc., has received approval to become a state member bank regulated by the Federal Reserve, enhancing its regulatory framework and operational efficiency.
CEO's Statement: CEO Litz Van Dyke expressed optimism about the transition, highlighting it as a significant step towards achieving the company's strategic objectives and fostering innovation.
Company Overview: Carter Bankshares, Inc. is a $4.8 billion community bank based in Martinsville, Virginia, with a mission to create opportunities for individuals and businesses since 1974.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the potential benefits of the bank's transition and conversion to a financial holding company, emphasizing the inherent risks and uncertainties involved.
Fresh Strong Sell Stocks for October 29th
Stocks Added to Zacks Rank #5: Three stocks, Adecco (AHEXY), Carter Bankshares (CARE), and Cantaloupe (CTLP), have been added to the Zacks Rank #5 (Strong Sell) List due to significant downward revisions in their earnings estimates over the past 60 days.
Adecco's Earnings Estimate: Adecco's earnings estimate has been revised down by approximately 46.1%, indicating potential challenges in its service offerings that connect clients and colleagues.
Carter Bankshares' Earnings Estimate: Carter Bankshares has seen a 7.3% downward revision in its earnings estimate, reflecting concerns about its banking services and overall financial performance.
Cantaloupe's Earnings Estimate: Cantaloupe's earnings estimate has been adjusted down by about 6.7%, suggesting difficulties in its software and payment solutions for the unattended retail market.
Carter Bank Enhances Leadership Team Through Important Promotions
Promotions at Carter Bank: Andy Meece and Charlie Sword have been promoted to Senior Vice President roles, reflecting Carter Bank's commitment to investing in its employees and community banking. Meece will lead strategy and finance, while Sword will oversee accounting operations.
Company Growth and Leadership: These promotions come after a significant rebranding for Carter Bank, highlighting the bank's ongoing growth and the importance of strong leadership in shaping its future.
Validea Martin Zweig Strategy Daily Upgrade Report - 8/13/2025
Carter Bankshares Inc. Rating Update: The stock rating for Carter Bankshares Inc. (CARE) has increased from 77% to 85% based on Martin Zweig's growth investor strategy, indicating strong interest due to its solid fundamentals and valuation.
About Validea and Martin Zweig: Validea is an investment research service that utilizes strategies from renowned investors like Martin Zweig, who achieved an average annual return of 15.9% over 15 years with his stock recommendations.
Carter Bank & Trust Reports Strong Q4 Earnings
- Earnings Growth: Carter Bank & Trust reported a GAAP EPS of $0.38 for Q4, indicating stable profitability and resilience in a competitive market environment.
- Revenue Performance: The bank achieved revenues of $39.86 million in Q4, showcasing strong performance and continued growth in its lending and deposit businesses, thereby enhancing its market position.
- Deposit Situation: Total deposits increased slightly by $0.5 million to $4.2 billion as of December 31, 2025, reflecting customer trust and reliance on Carter Bank despite uncertainties in the overall market.
- Borrowing Situation: Federal Home Loan Bank borrowings rose by $3.0 million to $178.5 million to support loan growth, indicating the bank's proactive strategy in expanding its credit business.
Carter Bank Wins Eight Awards for Brand Refresh
- Brand Refresh Achievement: Since unveiling its new brand last year, Carter Bank has received eight national honors, including accolades from the Brandies and MUSE Awards, highlighting its innovation and impact in the financial services sector.
- Industry Recognition: Recently named one of the Best Banks in Virginia by Forbes, Carter Bank's rebranding is seen as a crucial step in enhancing customer service and community engagement, further solidifying its market position.
- Visual Identity Innovation: The new brand identity modernizes Carter Bank's visual recognition while reflecting its mission to create opportunities for more people and businesses, enhancing customer brand loyalty.
- Team Effort Rewarded: Executives at Carter Bank noted that these awards are a testament to the dedication of the team and customer relationships, further motivating employees to continue driving brand development and community service in the future.
Carter Bank Becomes a State Member Bank of the Federal Reserve Bank of Richmond
Carter Bank's New Status: Carter Bank, a subsidiary of Carter Bankshares, Inc., has received approval to become a state member bank regulated by the Federal Reserve, enhancing its regulatory framework and operational efficiency.
CEO's Statement: CEO Litz Van Dyke expressed optimism about the transition, highlighting it as a significant step towards achieving the company's strategic objectives and fostering innovation.
Company Overview: Carter Bankshares, Inc. is a $4.8 billion community bank based in Martinsville, Virginia, with a mission to create opportunities for individuals and businesses since 1974.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the potential benefits of the bank's transition and conversion to a financial holding company, emphasizing the inherent risks and uncertainties involved.
Fresh Strong Sell Stocks for October 29th
Stocks Added to Zacks Rank #5: Three stocks, Adecco (AHEXY), Carter Bankshares (CARE), and Cantaloupe (CTLP), have been added to the Zacks Rank #5 (Strong Sell) List due to significant downward revisions in their earnings estimates over the past 60 days.
Adecco's Earnings Estimate: Adecco's earnings estimate has been revised down by approximately 46.1%, indicating potential challenges in its service offerings that connect clients and colleagues.
Carter Bankshares' Earnings Estimate: Carter Bankshares has seen a 7.3% downward revision in its earnings estimate, reflecting concerns about its banking services and overall financial performance.
Cantaloupe's Earnings Estimate: Cantaloupe's earnings estimate has been adjusted down by about 6.7%, suggesting difficulties in its software and payment solutions for the unattended retail market.
Carter Bank Enhances Leadership Team Through Important Promotions
Promotions at Carter Bank: Andy Meece and Charlie Sword have been promoted to Senior Vice President roles, reflecting Carter Bank's commitment to investing in its employees and community banking. Meece will lead strategy and finance, while Sword will oversee accounting operations.
Company Growth and Leadership: These promotions come after a significant rebranding for Carter Bank, highlighting the bank's ongoing growth and the importance of strong leadership in shaping its future.
Validea Martin Zweig Strategy Daily Upgrade Report - 8/13/2025
Carter Bankshares Inc. Rating Update: The stock rating for Carter Bankshares Inc. (CARE) has increased from 77% to 85% based on Martin Zweig's growth investor strategy, indicating strong interest due to its solid fundamentals and valuation.
About Validea and Martin Zweig: Validea is an investment research service that utilizes strategies from renowned investors like Martin Zweig, who achieved an average annual return of 15.9% over 15 years with his stock recommendations.
