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Carter Bankshares Inc   (CARE)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

CARE's Net Income Growth by Quarter and Year

Carter Bankshares Inc 's Net Income results by quarter and year




CARE Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 5.61 0.00 0.00
III Quarter September - 11.17 0.00 0.00
II Quarter June - 5.43 0.00 0.00
I Quarter March 9.32 9.38 0.00 0.00
FY   9.32 31.59 - -



CARE Net Income first quarter 2022 Y/Y Growth Comment
Carter Bankshares Inc reported decrease in Net Income in the first quarter 2022 by -0.61% to $ 9.32 millions, from the same quarter in 2021.
The decrease in the first quarter 2022 Carter Bankshares Inc 's Net Income compares unfavorably to the Company's average Net Income decrease of -0.16%.

Looking into first quarter 2022 results within Commercial Banks industry 13 other companies have achieved higher Net Income growth. While Carter Bankshares Inc ' s Net Income decline of -0.61% ranks overall at the positon no. 894 in the first quarter 2022.




CARE Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - - - -
III Quarter September - - - -
II Quarter June - - - -
I Quarter March -0.61 % - - -
FY   - - - -

Financial Statements
Carter Bankshares Inc 's first quarter 2022 Net Income $ 9.32 millions CARE's Income Statement
Carter Bankshares Inc 's first quarter 2021 Net Income $ 9.38 millions Quarterly CARE's Income Statement
New: More CARE's historic Net Income Growth >>


CARE Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - -49.78 % - -
III Quarter September - 105.71 % - -
II Quarter June - -42.11 % - -
I Quarter March 66.19 % - - -
FY (Year on Year)   - - - -




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #14
Financial Sector #215
Overall #894

Net Income Y/Y Growth Statistics
High Average Low
-0.16 % -0.16 % -0.16 %
 
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #14
Financial Sector #215
Overall #894
Net Income Y/Y Growth Statistics
High Average Low
-0.16 % -0.16 % -0.16 %
 

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Carter Bankshares Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
105.69 % 20.01 % -49.79 %
(Sep 30 2021)  


CARE's I. Quarter Q/Q Net Income Comment
Carter Bankshares Inc achieved in the I. Quarter 2022 above company average sequential Net Income jump of 66.19%, to $ 9.32 millions, from $5.61 millions in the forth quarter.
CARE is impressively improving, not just reporting higher then normal gain, but also increasing rate.

Within Commercial Banks industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Carter Bankshares Inc 's Net Income growth quarter on quarter, overall rank is 499.


Net Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #4
Financial Sector #219
Overall #499
Net Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #4
Financial Sector #219
Overall #499
Net Income Q/Q Growth Statistics
High Average Low
105.69 % 20.01 % -49.79 %
(Sep 30 2021)  


CARE's I. Quarter Q/Q Net Income Comment
Carter Bankshares Inc achieved in the I. Quarter 2022 above company average sequential Net Income jump of 66.19%, to $ 9.32 millions, from $5.61 millions in the forth quarter.
CARE is impressively improving, not just reporting higher then average gain, and also increasing rate, Markel Martínez , an industry contributor mentioned.

Within Commercial Banks industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Carter Bankshares Inc 's Net Income growth quarter on quarter, overall rank is 499.


Carter Bankshares Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Net Income 12 Months Ending $ 31.54 $ 31.59 $ 0.00 $ 0.00 $ 0.00
Y / Y Net Income Growth (TTM) - - - - -
Year on Year Net Income Growth Overall Ranking # # # # #
Seqeuential Net Income Change (TTM) -0.16 % - - - -
Seq. Net Income Growth (TTM) Overall Ranking # 894 # 0 # 0 # 0 # 0




Cumulative Net Income growth Comment


Carter Bankshares Inc achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
-0.16 %
-0.16 %
-0.16 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #
Financial Sector #
Overall # 0

Net Income TTM Y/Y Growth Statistics
High Average Low
0 %
0 %
0 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 215
S&P 500 # 894
Cumulative Net Income growth Comment


Carter Bankshares Inc achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
-0.16 %
-0.16 %
-0.16 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #
Financial Sector #
Overall # 0

Net Income TTM Y/Y Growth Statistics
High Average Low
0 %
0 %
0 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 14
Sector # 215
S&P 500 # 894




Other Net Income Growth
Commercial Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CARE's Net Income Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CARE's Competitors
Net Income Growth for Carter Bankshares Inc 's Suppliers
Net Income Growth for CARE's Customers

You may also want to know
CARE's Annual Growth Rates CARE's Profitability Ratios CARE's Asset Turnover Ratio CARE's Dividend Growth
CARE's Roe CARE's Valuation Ratios CARE's Financial Strength Ratios CARE's Dividend Payout Ratio
CARE's Roa CARE's Inventory Turnover Ratio CARE's Growth Rates CARE's Dividend Comparisons



Companies with similar Net Income jump for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
The Community Financial Corporation-0.17%$ -0.175 millions
Penns Woods Bancorp inc-0.44%$ -0.435 millions
Mainstreet Bancshares Inc -0.50%$ -0.495 millions
Carter Bankshares Inc -0.55%$ -0.555 millions
Enterprise Bancorp inc -0.63%$ -0.628 millions
Kinsale Capital Group Inc -0.90%$ -0.898 millions
Cambridge Bancorp-1.36%$ -1.356 millions
Arbor Realty Trust inc -1.46%$ -1.456 millions
First Financial Bankshares Inc -1.66%$ -1.662 millions
First Merchants Corp-1.78%$ -1.785 millions
Nbt Bancorp Inc-1.81%$ -1.807 millions
Guaranty Bancshares Inc -2.04%$ -2.043 millions
Evans Bancorp Inc -2.14%$ -2.143 millions
Hamilton Lane Incorporated-2.27%$ -2.270 millions
1st Source Corp-2.51%$ -2.508 millions
Pacific Premier Bancorp Inc-2.57%$ -2.569 millions
Moelis and Co-2.91%$ -2.908 millions
Columbia Financial Inc -3.05%$ -3.046 millions
Simmons First National Corp-3.19%$ -3.192 millions
Capstar Financial Holdings Inc -3.24%$ -3.237 millions
Universal Health Realty Income Trust-3.24%$ -3.240 millions
Pcsb Financial Corporation-3.29%$ -3.285 millions
Truist Financial Corporation-3.87%$ -3.870 millions
Arrow Financial Corporation-3.88%$ -3.882 millions
Bar Harbor Bankshares-3.88%$ -3.882 millions
Cousins Properties Inc-3.92%$ -3.917 millions
Five Star Bancorp-4.05%$ -4.047 millions
Federal Home Loan Bank Of Indianapolis-4.28%$ -4.280 millions
Flushing Financial Corporation-4.31%$ -4.307 millions
First Northern Community Bancorp-4.31%$ -4.311 millions


       
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