Carter Bankshares, Inc. (Nasdaq:CARE) is a bank holding company that operates through its subsidiary, Carter Bank & Trust, providing a wide range of banking products and services to individuals and businesses. With over 45 years of experience, the bank has established a strong presence in Virginia and North Carolina, serving customers through its 66 strategically located branches. Boasting a total asset value of USD 4.1 billion, Carter Bank & Trust is well-positioned to continue providing quality banking services and support to its customers.
Comps: Farmers & Merchants Bancorp, Inc. (Nasdaq:FMAO), Citizens & Northern Corporation (Nasdaq:CZNC)
Carter Bankshares stands out among other banking firms with a remarkable price-to-earnings ratio of 6.7, which is notably better than its peers. Additionally, the company’s return-on-equity, revenue, quarterly revenue growth year-over-year, and net income significantly surpassed its competitors. Moreover, its earnings per share and profit margin outperformed Citizens & Northern Corporation. Overall, Carter Bankshares exhibits robust earnings and margins, making it an attractive option for investors.