Loading...
•
Dec 31, 2021
Carter Bankshares Q4 2021 Earnings Report
Announced fourth quarter and full year financial results.
Key Takeaways
Carter Bankshares, Inc. reported a net income of $5.6 million, or $0.21 diluted earnings per share, for the fourth quarter of 2021, compared to $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020. The company's NPLs decreased and total deposits increased.
Nonperforming loans decreased by $1.5 million, or 16.6%, to $7.4 million.
Total deposits increased by $32.0 million, or 0.9%, to $3.7 billion.
Net interest income decreased $1.4 million, or 4.6%, to $28.1 million compared to the third quarter of 2021.
Net interest margin decreased 14 basis points to 2.82% compared to the third quarter of 2021.
Carter Bankshares
Carter Bankshares
Carter Bankshares Revenue by Segment
Revenue by Segment
Commercial Real Estate Revenue
CapyFin.comTaxable Investment Securities Revenue
CapyFin.comTax-Free Loans Revenue
CapyFin.comTaxable Loans Revenue
CapyFin.com Forward Guidance
Carter Bankshares believes they are well positioned to meet the challenges that 2022 will bring.
Positive Outlook
- Continued decline in problem assets.
- Credit quality metrics are at record lows.
- Better deposit mix.
- Continued reduction in cost of funds.
- Improved net interest margin.
Revenue & Expenses
Visualization of income flow from segment revenue to net income