Carver Bancorp Inc (OQ:CARV)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 75 W 125Th St
NEW YORK NY 10027-4512
Tel: N/A
Website: https://carverbank.q4ir.com/corporate-profile/default.aspx
IR: See website
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Key People
Craig C. Mackay
Interim President and Chief Executive Officer, Director
Christina L. Maier
Chief Financial Officer, First Senior Vice President of the Company and Bank
Isaac Torres
Senior Vice President, General Counsel, Corporate Secretary
Business Overview
Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank (Carver Federal), a federally chartered savings bank. The Company conducts business as a unitary savings and loan holding company, and the business of the Company consists of the operation of its subsidiary, Carver Federal. Carver Federal engages in a range of consumer and commercial banking services. It provides deposit products, including demand, savings and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its local market area within New York City. It offers other consumer and commercial banking products and services, such as debit cards, online banking, online bill pays and telephone banking. The Company also offers a suite of products and services for unbanked and underbanked consumers, branded as Carver Community Cash. It offers loan products covering a range of asset classes, including commercial and multifamily mortgages, and business loans.
Financial Overview
For the nine months ended 31 December 2023, Carver Bancorp Inc interest income increased 20% to $24.3M. Net interest income after loan loss provision decreased 4% to $16.3M. Net loss applicable to common stockholders increased 3% to $3M. Net interest income after loan loss provision reflects Mortgage-backed securities decrease of 6% to $439K. Higher net loss reflects Deposits increase from $2.4M to $6.1M (expense).
Employees: 107 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $31.68M as of Dec 31, 2023
EBITDA (TTM): -$1.35M as of Dec 31, 2023
Net annual income (TTM): -$4.49M as of Dec 31, 2023
Free cash flow (TTM): -$5.67M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,985,612 as of Feb 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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