Carter Bankshares Past Earnings Performance
Past criteria checks 2/6
Carter Bankshares has been growing earnings at an average annual rate of 24.7%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 6.3% per year. Carter Bankshares's return on equity is 3.7%, and it has net margins of 10.6%.
Key information
24.7%
Earnings growth rate
26.5%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 6.3% |
| Return on equity | 3.7% |
| Net Margin | 10.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Analysts Just Made A Major Revision To Their Carter Bankshares, Inc. (NASDAQ:CARE) Revenue Forecasts
Aug 01
It Looks Like Carter Bankshares, Inc.'s (NASDAQ:CARE) CEO May Expect Their Salary To Be Put Under The Microscope
Jun 17Would Shareholders Who Purchased Carter Bankshares' (NASDAQ:CARE) Stock Three Years Be Happy With The Share price Today?
Mar 05How Much Are Carter Bankshares, Inc. (NASDAQ:CARE) Insiders Taking Off The Table?
Jan 28Carter Bank inks agreement with Pendleton Community Bank
Jan 14Carter Bank & Trust EPS of -$2.19
Oct 29Revenue & Expenses BreakdownBeta
How Carter Bankshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 124 | 13 | 85 | 0 |
| 31 Dec 23 | 134 | 23 | 84 | 0 |
| 30 Sep 23 | 154 | 41 | 84 | 0 |
| 30 Jun 23 | 165 | 51 | 83 | 0 |
| 31 Mar 23 | 169 | 56 | 80 | 0 |
| 31 Dec 22 | 158 | 50 | 79 | 0 |
| 30 Sep 22 | 144 | 40 | 78 | 0 |
| 30 Jun 22 | 137 | 37 | 77 | 0 |
| 31 Mar 22 | 135 | 31 | 79 | 0 |
| 31 Dec 21 | 136 | 31 | 80 | 0 |
| 30 Sep 21 | 130 | 29 | 78 | 0 |
| 30 Jun 21 | 124 | -40 | 79 | 0 |
| 31 Mar 21 | 117 | -41 | 77 | 0 |
| 31 Dec 20 | 113 | -46 | 77 | 0 |
| 30 Sep 20 | 119 | -45 | 79 | 0 |
| 30 Jun 20 | 119 | 20 | 78 | 0 |
| 31 Mar 20 | 123 | 23 | 77 | 0 |
| 31 Dec 19 | 123 | 27 | 75 | 0 |
| 30 Sep 19 | 122 | 26 | 71 | 0 |
| 30 Jun 19 | 109 | 11 | 70 | 0 |
| 31 Mar 19 | 109 | 11 | 70 | 0 |
| 31 Dec 18 | 110 | 12 | 70 | 0 |
| 30 Sep 18 | 93 | 3 | 71 | 0 |
| 30 Jun 18 | 91 | 11 | 72 | 0 |
| 31 Mar 18 | 76 | 2 | 69 | 0 |
| 31 Dec 17 | 72 | -1 | 67 | 0 |
| 30 Sep 17 | 74 | 1 | 63 | 0 |
| 30 Jun 17 | 83 | 6 | 60 | 0 |
| 31 Mar 17 | 93 | 14 | 55 | 0 |
| 31 Dec 16 | 96 | 16 | 52 | 0 |
| 30 Sep 16 | 109 | 32 | 47 | 0 |
| 30 Jun 16 | 113 | 36 | 44 | 0 |
| 31 Mar 16 | 115 | 39 | 44 | 0 |
| 31 Dec 15 | 115 | 39 | 49 | 0 |
| 30 Sep 15 | 116 | 36 | 45 | 0 |
| 30 Jun 15 | 115 | 35 | 45 | 0 |
| 31 Mar 15 | 115 | 34 | 45 | 0 |
| 31 Dec 14 | 113 | 33 | 45 | 0 |
| 30 Sep 14 | 110 | 30 | 45 | 0 |
| 30 Jun 14 | 109 | 29 | 46 | 0 |
| 31 Mar 14 | 105 | 27 | 46 | 0 |
| 31 Dec 13 | 105 | 26 | 46 | 0 |
| 30 Sep 13 | 106 | 26 | 47 | 0 |
| 30 Jun 13 | 108 | 28 | 47 | 0 |
Quality Earnings: CARE has high quality earnings.
Growing Profit Margin: CARE's current net profit margins (10.6%) are lower than last year (33.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CARE's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: CARE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CARE had negative earnings growth (-76.8%) over the past year, making it difficult to compare to the Banks industry average (-12.4%).
Return on Equity
High ROE: CARE's Return on Equity (3.7%) is considered low.