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Jun 30, 2022
Carter Bankshares Q2 2022 Earnings Report
Announced second quarter financial results
Key Takeaways
Carter Bankshares, Inc. reported a solid second quarter with net income of $10.8 million, or $0.44 diluted earnings per share. The company saw positive trends in net interest income expansion, loan growth, and expense control. Loans grew by an annualized rate of 14.4% since March 31, 2022.
Net interest income increased $4.2 million, or 15.0%, to $32.5 million compared to the first quarter of 2022.
Net interest margin increased 36 basis points to 3.27% compared to the first quarter of 2022.
Total portfolio loans increased $103.9 million, or 14.4% on an annualized basis, to $3.0 billion at June 30, 2022 compared to March 31, 2022.
Total deposits increased $25.1 million, or 2.7% on an annualized basis, to $3.8 billion at June 30, 2022 compared to March 31, 2022.
Carter Bankshares
Carter Bankshares
Carter Bankshares Revenue by Segment
Revenue by Segment
Commercial Real Estate Revenue
CapyFin.comCommercial and Industrial Revenue
CapyFin.comOther Consumer Revenue
CapyFin.comConstruction Revenue
CapyFin.comOther Revenue
CapyFin.com