Carter Bankshares Inc reports results for the quarter ended June 30 - Earnings Summary

Carter Bankshares

23/07/2026 14:50

Carter Bankshares Inc CARE.OQ reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 41 cents.  The mean expectation of four analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 41 cents to $1.75 per share.
Revenue rose 72% to $68.68 million from a year ago; analysts expected $55.91 million. 
Carter Bankshares Inc's reported EPS for the quarter was $1.31​.
The company reported quarterly net income of $28.91 million.
Carter Bankshares Inc shares had fallen by 3.2% this quarter and gained 67.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 69.6% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy" 
Wall Street's median 12-month price target for Carter Bankshares Inc is $28.50, about 15.5% below its last closing price of $32.92
This summary was machine generated from LSEG data July 23 at 01:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
0.76
0.48
Missed
Mar. 31 2026 
2.74
0.40
Missed
Dec. 31 2025 
0.35
0.41
Beat
Sep. 30 2025 
0.41
0.26
Missed