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Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results


Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results
MARTINSVILLE, VA / ACCESSWIRE / January 28, 2021 / Carter Bankshares, Inc. (the Company ) (NASDAQ:CARE) today announced net income of $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020 as compared to a net loss of $57.7 million, or $2.19 per share, in the third quarter of 2020 due to a one-time goodwill impairment charge of $62.2 million that was recorded in the third quarter of 2020. Excluding this one-time charge, net income in the third quarter of 2020 was $4.5 million as compared to net income of $3.6 million, or $0.14 diluted earnings per share, for the fourth quarter of 2019. Pre-tax pre-provision earnings ....

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Carter Bank & Trust Enters Agreement with Pendleton Community Bank


Press release content from Accesswire. The AP news staff was not involved in its creation.
Carter Bank & Trust Enters Agreement with Pendleton Community Bank
January 14, 2021 GMT
Pendleton Community Bank will acquire three Carter Bank & Trust branches in 2021.
MARTINSVILLE, VA & FRANKLIN, WV / ACCESSWIRE / January 14, 2021 / Carter Bankshares (NASDAQ:CARE) and Pendleton Community Bank announced today that they have entered into an agreement regarding the sale of three Carter Bank & Trust branches in Staunton, Harrisonburg, and Bridgewater to Pendleton Community Bank.
The three branches will extend Pendleton Community Bank’s footprint to a total of five branches in Virginia’s Shenandoah Valley, along with eight branches serving West Virginia. ....

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