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
Carter Bankshares, Inc Announces First Quarter 2022 Financial Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results
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 pre-provision earnings
1 were $11.9 million, $7.9 million and $9.5 million for the quarters ended March 31, 2021, December 31, 2020 and March 31, 2020, respectively.
First Quarter 2021 Financial Highlights
Net interest income increased $0.4 million, or 1.4%, to $26.5 million as compared to the fourth quarter of 2020 primarily due to an 11 basis point decrease in funding costs;