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.

Earnings

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.

Past Earnings Performance

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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