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Last $5.96 USD
Change Today +0.41 / 7.39%
Volume 748.0
CARV On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

carver bancorp inc (CARV) Key Developments

Carver Bancorp, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended March 31, 2015; Reports Net Charge-Offs for the Fourth Quarter Ended March 31, 2015

Carver Bancorp, Inc. reported consolidated earnings results for the fourth quarter and fiscal year ended March 31, 2015. For the quarter, the company reported total interest income of $5,714,000 against $5,733,000 a year ago. Net interest income was $4,768,000 against $4,747,000 a year ago. Loss before income taxes was $95,000 against $907,000 a year ago. Net loss attributable to the company was $126,000 or $0.03 per basic and diluted share against $769,000 or $0.21 per basic and diluted share a year ago. Negative return on average assets was 0.08% against 0.51% a year ago. Negative return on average stockholders' equity was 0.92% against 5.82% a year ago. The fourth quarter loss primarily reflects continued interest rate compression and slower than anticipated loan growth. The primary drivers of net loss are recoveries in the loan loss provision and lower non-interest expenses, partially offset by lower non-interest income in the current period For the year, the company reported total interest income of $22,327,000 against $23,248,000 a year ago. Net interest income was $18,385,000 against $19,297,000 a year ago. Income before income taxes was $249,000 against loss before income taxes of $844,000 a year ago. Net income attributable to the company was $364,000 or $0.10 per basic and diluted share against net loss attributable to the company of $836,000 or $0.23 per basic and diluted share a year ago. Return on average assets was 0.06% against negative return on average assets of 0.14% a year ago. Return on average stockholders' equity was 0.67% against negative return on average stockholders' equity of 1.57% a year ago. The change of income was driven by recoveries of loan losses and lower non-interest expenses, partially offset by lower net interest income and non-interest income in the current fiscal year. For the fourth quarter ended March 31, 2015, the company recognized net charge-offs of $1 million, compared to $1.5 million in the prior year quarter.

Carver Bancorp, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Carver Bancorp, Inc. reported consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company has posted net interest income of $4,252,000 against $5,025,000 a year ago. Income before income tax was $22,000 against loss before income tax of $964,000 a year ago. Net income attributable to the company was $111,000 or $0.03 basic and diluted per share against net loss attributable to the company of $823,000 or $0.22 basic and diluted per share a year ago. Return on average assets was 0.07% against negative return on average assets of 0.56% a year ago. Return on average stockholders' equity was 0.82% against negative return on average stockholders' equity of 6.40% a year ago. For the nine months, the company has posted net interest income of $13,615,000 against $14,550,000 a year ago. Profit before income tax was $345,000 against $61,000 a year ago. Net profit attributable to the company was $491,000 or $0.13 basic and diluted per share against net loss attributable to the company of $69,000 or $0.02 basic and diluted per share a year ago. Return on average assets was 0.10% against negative return on average assets of 0.02% a year ago. Return on average stockholders' equity was 1.21% against negative return on average stockholders' equity of 0.17% a year ago. The primary driver of the change in net income is attributed to higher non-interest expense in the prior year quarter due to the cost of terminating the Bank's pension plan, partially offset by lower interest income in the current quarter.

Carver Bancorp, Inc. to Report Q3, 2015 Results on Feb 09, 2015

Carver Bancorp, Inc. announced that they will report Q3, 2015 results on Feb 09, 2015

Carver Bancorp, Inc. Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014 01:00 PM

Carver Bancorp, Inc. Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014 01:00 PM. Venue: McGraw Hill Conference Center in Midtown Manhattan, 1221 6th Ave., 2nd Floor, New York, NY 10020-1095, United States. Speakers: Niles D. Stewart, Business Banking Team Manager.

Carver Bancorp, Inc. Announces Management Changes, Effective January 1, 2015

Carver Bancorp, Inc. announced that Deborah C. Wright will retire as Chief Executive Officer effective December 31, 2014, after 15 years of service. The Board of Directors has named Michael T. Pugh, currently the Company's President and Chief Operating Officer, as her successor, effective January 1, 2015. Ms. Wright will continue to serve as the company's non-executive Chairman of the Board. She will join the Ford Foundation as a Senior Fellow in the Economic Opportunity and Assets program in early 2015. Michael T. Pugh is a seasoned retail and commercial banking executive with more than 22 years of experience working across various market cycles. He joined the company as Chief Revenue Officer in 2012 and was promoted to President and Chief Operating Officer in January 2013.

 

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CARV Competitors

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Company Last Change
CBT Financial Corp $27.51 USD 0.00
Emclaire Financial Corp $24.72 USD +0.27
Hopewell Valley Community Bank/Pennington NJ $9.10 USD 0.00
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Stewardship Financial Corp $6.18 USD 0.00
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Industry Analysis

CARV

Industry Average

Valuation CARV Industry Range
Price/Earnings 55.2x
Price/Sales 0.8x
Price/Book 2.1x
Price/Cash Flow 56.0x
TEV/Sales NM Not Meaningful
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