Recap: Carter Bankshares Q3 Earnings

Carter Bankshares CARE reported its Q3 earnings results on Thursday, October 27, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Carter Bankshares beat estimated earnings by 10.0%, reporting an EPS of $0.55 versus an estimate of $0.5.

Revenue was up $6.64 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 1.53% increase in the share price the next day.

Here's a look at Carter Bankshares's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.37	0.30	0.34	0.28
EPS Actual	0.44	0.36	0.21	0.42
Revenue Estimate	35.70M	33.54M	34.39M	33.03M
Revenue Actual	38.06M	33.56M	33.83M	36.32M

To track all earnings releases for Carter Bankshares visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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