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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 34M | 3.3% |
| Gross Profit | 7M | 18.6% |
| Cost of Revenue | 27M | 0% |
| Operating expense | 8.3M | 0.9% |
| Net Income | 5.6M | 17.2% |
| EBITDA | 7M | 8.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.61B | 1.8% |
| Total Liabilities | 4.23B | 1.4% |
| Total Equity | 387M | 6.2% |
| Shares Outstanding | 23M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 10M | 519.4% |
| Cash from investing | -23M | 2.9% |
| Cash from financing | 56M | 356.8% |
EPS
Financial Highlights for Carter Bank and Trust in Q3 '24
Carter Bank and Trust reported a revenue of 34M, which is a 3.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 7M, marking a 18.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 27M, a -0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 8.3M, showing a -0.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 5.6M, showing a 17.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 7M, showing a -8.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Carter Bank and Trust with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
