Last week, you might have seen that Carter Bank & Trust (NASDAQ:CARE) released its quarterly result to the market. The...
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
MARTINSVILLE, VA / ACCESSWIRE / November 20, 2019 / Carter Bank & Trust (CARE) (the "Bank") announced today that, effective January 1, 2020, Phyllis Q. Karavatakis will be stepping down as President and Chief Banking Officer and assuming a new position as the Bank's Senior Executive Vice President for Special Projects. Bradford N. Langs, who is currently Executive Vice President (EVP) and Chief Strategy Officer, will become President and Chief Strategy Officer.
Litz Van Dyke became the CEO of Carter Bank & Trust (NASDAQ:CARE) in 2017. This analysis aims first to contrast CEO...
If you want to compound wealth in the stock market, you can do so by buying an index fund. But the truth is, you can...
MARTINSVILLE, VA / ACCESSWIRE / January 9, 2020 / Carter Bank & Trust (NASDAQ:CARE) (the "Bank") held a ceremonial ribbon cutting today in recognition of the opening of its new Midtown Commercial ...
MARTINSVILLE, VA / ACCESSWIRE / October 24, 2019 / Carter Bank & Trust ( the "Bank") (NASDAQ:CARE) today announced net income of $7.6 million, or $0.29 diluted earnings per share, for the third ...
Whilst it may not be a huge deal, we thought it was good to see that the Carter Bank & Trust (NASDAQ:CARE) CEO...
MARTINSVILLE, VA / ACCESSWIRE / April 30, 2020 / Carter Bank & Trust (the "Bank") (NASDAQ:CARE) today announced net income of $4.4 million, or $0.17 diluted earnings per share, for the first ...
MARTINSVILLE, VA / ACCESSWIRE / May 18, 2020 / Carter Bank & Trust (the "Bank") (CARE) today announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Bank has not yet filed its Annual Report on Form 10-K for the period ended December 31, 2019 (the "Annual Report"), the Bank is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission or, in the Bank's case, the Federal Deposit Insurance Corporation ("FDIC"). As previously disclosed, the Bank and its auditor are currently evaluating collateral supporting one impaired loan relationship. The Bank's evaluation of the collateral is dependent, in part, on the results of a pending independent appraisal regarding the collateral.
To the annoyance of some shareholders, Carter Bank & Trust (NASDAQ:CARE) shares are down a considerable 33% in the...
MARTINSVILLE, VA / ACCESSWIRE / February 11, 2020 / The Board of Directors of Carter Bank & Trust (the "Bank") (CARE) today announced the declaration of a special one-time cash dividend of $0.14 per share. While we are cognizant that further improvement is needed, the Board of Directors of Carter Bank & Trust recognizes that our recent strategy of capital retention has resulted in capital levels that are well above the well-capitalized levels of federal banking regulatory agencies. In light of these considerations as well as our limited ability to effectively leverage this capital, our Board felt that it was appropriate to return some of our excess capital to our shareholders.
MARTINSVILLE, VA / ACCESSWIRE / February 4, 2020 / Carter Bank & Trust (NASDAQ:CARE) (the "Bank") can now access up to $1,000,000 from the Federal Home Loan Bank of Atlanta to offer its homeowner ...
The Virginia Based Financial Institution Will Provide a Variety of Loan Relief Options MARTINSVILLE, VA / ACCESSWIRE / April 2, 2020 / Since initial reports were released regarding the COVID-19 pandemic, ...
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
The Virginia-based Financial Institution Seeks to Fill a Critical Need in Response to COVID-19 MARTINSVILLE, VA / ACCESSWIRE / May 21, 2020 / In alignment with its tradition of care, Carter Bank & Trust ...
If you own shares in Carter Bank & Trust (NASDAQ:CARE) then it's worth thinking about how it contributes to the...
MARTINSVILLE, VA / ACCESSWIRE / January 28, 2020 / Carter Bank & Trust (the "Bank") (NASDAQ:CARE) today announced net income of $3.6 million, or $0.14 diluted earnings per share, for the fourth ...
To the annoyance of some shareholders, Carter Bank & Trust (NASDAQ:CARE) shares are down a considerable 44% in the...
MARTINSVILLE, VA / ACCESSWIRE / December 3, 2019 / Thirty-three years ago, the day after Thanksgiving in 1986, branch manager at that time, Phyllis Karavatakis, cut the ribbon of the bank's newest branch in Collinsville, Virginia. On December 2, 2019, Karavatakis, now as Carter Bank & Trust's (CARE) president and chief banking officer, cut the ribbon to celebrate the branch's extensive renovation. This renovated branch was formerly Patrick Henry National Bank and one of 10 banks that merged in 2007 to form Carter Bank & Trust in recognition of the 10 banks' founder, Worth Harris Carter Jr. This renovation will be replicated in other renovations throughout Carter Bank & Trust's service regions in Virginia and North Carolina.