Articles from Carter Bankshares, Inc.

MARTINSVILLE, VA / ACCESSWIRE / July 28, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $10.8 million, or $0.44 diluted earnings per share, for the second quarter of 2022 compared to net income of $9.3 million, or $0.36 diluted earnings per share, in the first quarter of 2022 and net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021. The pre-tax pre-provision income 1 was $14.7 million for the quarter ended June 30, 2022, $11.0 million for the quarter ended March 31, 2022 and $6.7 million for the quarter ended June 30, 2021.

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MARTINSVILLE, VA / ACCESSWIRE / April 26, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $9.3 million, or $0.36 diluted earnings per share, for the first quarter of 2022 compared to net income of $5.6 million, or $0.21 diluted earnings per share, in the fourth quarter of 2021 and net income of $9.4 million, or $0.36 diluted earnings per share,

The Bank will open a regional banking hub, on East Morehead, for commercial and retail banking in early May. MARTINSVILLE, VA / ACCESSWIRE / April 13, 2022 / Carter Bank & Trust (NASDAQ:CARE) announced today that it is expanding in the Charlotte-market with the opening of its second North Carolina regional banking hub, located at 500 East Morehead St. The hub will be a flagship center for the $4.1 billion community bank headquartered in

Owen, who joined the bank in 2017, will continue to lead the Bank's Mortgage and Corporate Sales Divisions. MARTINSVILLE, VA / ACCESSWIRE / April 5, 2022 / Carter Bank & Trust (NASDAQ:CARE) (The "Bank") announced today the promotion of Richard Owen to Executive Vice President - Mortgage Banking & Corporate Sales Director. Owen, who has more than 25 years of experience within the financial services industry, joined the bank in 2017 and

Jacob A. Lutz, III and Curtis E. Stephens Will Help Guide the Continued Growth of Carter Bankshares, Inc. MARTINSVILLE, VA / ACCESSWIRE / March 24, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company for Carter Bank & Trust, announced the appointment of two new members to its Board of Directors - Jacob A. Lutz, III and Curtis E. Stephens, both from Richmond, Virginia. "We're excited to bring both Jake and

Parnell brings more than two decades of experience in brand strategy and marketing to the newly created position. MARTINSVILLE, VA / ACCESSWIRE / March 23, 2022 / Carter Bank & Trust (NASDAQ:CARE) has announced the hiring of financial services marketing veteran Chrystal Parnell to serve as the Bank's Chief Marketing and Communications Officer (CMCO), a newly created position on its Senior Management Team. Carter Bank introduced the new role

MARTINSVILLE, VA / ACCESSWIRE / March 1, 2022 / In continuing its reputation of caring for the communities it's privileged to serve, Carter Bank & Trust (NASDAQ:CARE) donated more than $26,000 to 23 non-profit organizations throughout its footprint in Q4 2021 as part of the Bank's CARE Forward program. The Q4 donations brought the yearly total to more than $100,000. "To be able to look back on the first year of CARE Forward and know what we

MARTINSVILLE, VA / ACCESSWIRE / January 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $5.6 million, or $0.21 diluted earnings per share, for the fourth quarter of 2021 compared to net income of $11.2 million, or $0.42 diluted earnings per share, in the third quarter of 2021 and $2.9 million, or $0.11 diluted earnings per share, for the

The partnership will include $10,000 in needs-based scholarship funds for North Carolina Agricultural & Technical State University students. MARTINSVILLE, VA / ACCESSWIRE / December 17, 2021 / Carter Bank & Trust (NASDAQ:CARE) is proud to partner with HBCU Heroes in support of their vision to advance, elevate and inspire the HBCU student community. In collaboration with HBCU Heroes, Carter Bank & Trust will serve and invest in HBCU

Donations were a part of the Bank's CARE Forward Campaign. MARTINSVILLE, VA / ACCESSWIRE / December 6, 2021 / Since 1974, Carter Bank & Trust (NASDAQ:CARE) has built a reputation of care by working to enriching the lives of the people living and working in the communities it is privileged to serve. Through the CARE Forward Program, the Bank was able to continue that tradition by donating $31,370 to23non-profit organizations both nationally

MARTINSVILLE, VA / ACCESSWIRE / October 28, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $11.2 million, or $0.42 diluted earnings per share, for the third quarter of 2021 compared to net income of $5.4 million, or $0.21 diluted earnings per share, in the second quarter of 2021 and a net loss of $57.7 million, or $2.19 per share, for the

In the multi-year partnership, Carter Bank & Trust will serve as the "Preferred Community Bank of Virginia Tech Athletics." MARTINSVILLE, VA / ACCESSWIRE / August 30, 2021 / Carter Bank & Trust and Virginia Tech Athletics announced today they have entered a multi-year partnership for the Bank to serve as the "Preferred Community Bank of Virginia Tech Athletics." As part of the partnership agreement, Carter Bank & Trust will have a

MARTINSVILLE, VA / ACCESSWIRE / July 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $5.4 million, or $0.21 diluted earnings per share, for the second quarter of 2021 compared to net income of $9.4 million, or $0.36 diluted earnings per share, in the first quarter of 2021 and net income of $4.5 million, or $0.17 diluted earnings per share, for the second quarter of 2020. Core pre-tax pre-provision

The donations are part of The Bank's CARE Forward campaign. MARTINSVILLE, VA / ACCESSWIRE / July 27, 2021 / Carter Bank & Trust continued its commitment to the communities it serves by donating more than $32,470 to 23non-profit organizations throughout its footprint in the second quarter of 2021, through its CARE Forward program. CARE Forward, which runs through the end of the year, donates $10 to local non-profit organizations across the

The partnership is part of The Bank's larger C.A.R.E. FORWARD campaign. MARTINSVILLE, VA / ACCESSWIRE / April 29, 2021 / Carter Bank & Trust joined the American Red Cross' "Help Can't Wait" campaign in 2021 as a part of The Bank's C.A.R.E. Forward campaign. The "Help Can't Wait" campaign celebrates community heroes from across Virginia who go above and beyond to provide help and hope when

MARTINSVILLE, VA / ACCESSWIRE / April 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $9.4 million, or $0.36 diluted earnings per share, for the first quarter of 2021 compared to net income of $2.9 million, or $0.11 diluted earnings per share, in the fourth quarter of 2020 and net income of $4.4 million, or $0.17 diluted earnings per share, for the first quarter of 2020. Pre-tax