Carter Bankshares Inc   (CARE)
Other Ticker:  
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
Price: $12.5900 $-0.07 -0.553%
Day's High: $12.68 Week Perf: -1.56 %
Day's Low: $ 12.48 30 Day Perf: 13.42 %
Volume (M): 50 52 Wk High: $ 18.74
Volume (M$): $ 628 52 Wk Avg: $14.62
Open: $12.57 52 Wk Low: $10.43

 Market Capitalization (Millions $) 289
 Shares Outstanding (Millions) 23
 Employees 835
 Revenues (TTM) (Millions $) 154
 Net Income (TTM) (Millions $) 41
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 10

Carter Bankshares Inc
Carter Bankshares Inc. is a bank holding company headquartered in Martinsville, Virginia. It was established in 2006 and is publicly traded on the NASDAQ Stock Exchange under the ticker symbol CARE. The Company operates as a community bank and serves its customers through a network of 106 branches in Virginia and North Carolina.

Carter Bankshares has a wide array of financial products and services, including personal and commercial banking, loans, mortgages, investments, and insurance. The Bank's personal banking services include checking and savings accounts, credit cards, overdraft protection, and online banking. For businesses, the Bank offers a range of services such as corporate banking, business loans, leasing, and merchant services.

The Bank operates on the philosophy of providing personalized attention to customers, and its offerings are customized to the unique needs of each local market. The Bank strives to cater to the banking needs of its customers and provide them with the necessary resources to achieve their financial goals.

One of the key strengths of Carter Bankshares is its strong financial performance. The Company has consistently generated strong revenue growth and profits since its inception, and its balance sheet remains stable. Additionally, the Bank's credit quality is strong, with a low level of non-performing loans and a high level of loan loss reserves.

Carter Bankshares is also committed to community service and gives back to the communities where it operates. The Bank has made significant donations to schools, community organizations, and disaster relief efforts.

In summary, Carter Bankshares is a community-oriented bank that provides a wide range of financial services and products to its customers. The Bank is known for its personalized service and strong financial performance, and it is dedicated to giving back to the communities where it operates.

   Company Address: 1300 Kings Mountain Road Martinsville 24112 VA
   Company Phone Number: 656-1776   Stock Exchange / Ticker: NASDAQ CARE
   CARE is expected to report next financial results on March 09, 2024.


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During this period, Wafd Inc reported revenues of $151.53 million, a significant decrease from $186.60 million in the corresponding period of 2022. Additionally, the earnings per share (EPS) declined to $0.72 from $1.07 in the fiscal period ending September 30, 2022.

United Security Bancshares

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United Security Bancshares, a leading player in the commercial banking industry, recently announced its financial results for the third quarter of 2023. Unfortunately, the numbers were not as strong as expected, with a decrease in both income and revenue compared to the previous year.
In the third quarter of 2023, United Security Bancshares reported a 15.38% decline in income to $0.22 per share. Revenue also decreased by 3.835% to $12.04 million. These numbers reflect a challenging financial period for the company.

Shore Bancshares Inc

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Shore Bancshares Inc (SHBIs) has reported mixed financial results for the most recent fiscal period, with revenue increasing by a significant 11.878% from the corresponding reporting period a year ago. However, the company slipped into a loss, recording a loss per share of $-0.19. Analyzing the results from the previous reporting period, revenue surged by a remarkable 31.938%, but income per share fell from $0.20. This article will explore the implications of these financial results and how they may impact Shore Bancshares Inc moving forward.
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One notable concern is the sharp decline in net income for the July to September 30, 2023 fiscal time-frame. Instead of reporting a net income of $9.658 million, the company registered a net loss of $-6.384 million compared to the corresponding reporting period a year before. This downward shift raises questions about the underlying factors driving this loss and the potential impact on future profitability.

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Carter Bankshares Inc's Segments
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