Last $6.00 USD
Change Today -0.30 / -4.76%
Volume 488.0
CARV On Other Exchanges
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As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

carver bancorp inc (CARV) Key Developments

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.

Carver Bancorp, Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Carver Bancorp, Inc. announced consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total interest income of $5,590,000 compared with $5,942,000 for the same period a year ago. Net interest income was $4,598,000 compared with $4,965,000 for the same period a year ago. Income before income taxes was $120,000 compared with $448,000 for the same period a year ago. Net income attributable to Carver Bancorp, Inc. was $210,000 or $0.06 per basic and diluted share compared with $342,000 or $0.09 per basic and diluted share for the same period a year ago. Return on average assets was 0.14% compared with 0.22% for the same period a year ago. Return on average stockholders' equity was 1.49% compared with 2.39% for the same period a year ago. For the six months, the company reported total interest income of $11,348,000 compared with $11,511,000 for the same period a year ago. Net interest income was $9,364,000 compared with $9,524,000 for the same period a year ago. Income before income taxes was $324,000 compared with $1,024,000 for the same period a year ago. Net income attributable to Carver Bancorp, Inc. was $381,000 or $0.10 per basic and diluted share compared with $753,000 or $0.20 per basic and diluted share for the same period a year ago. Return on average assets was 0.12% compared with 0.25% for the same period a year ago. Return on average stockholders' equity was 1.34% compared with 2.62% for the same period a year ago.

Carver Bancorp, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Carver Bancorp, Inc. announced consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company's total interest income was $5.8 million compared with $5.6 million a year ago. Net interest income was $4.8 million compared with $4.6 million a year ago. The increase was primarily attributable to an increase in the average balances of loans and other investments. Income before income taxes was $0.21 million compared with $0.58 million a year ago. Net income attributable to the company was $0.17 million or $0.05 per basic and diluted share compared with $0.41 million or $0.11 per basic and diluted share a year ago. The primary driver of the change was attributed to non-recurring gains on sales of loans and investments, an insurance recovery, and release of Federal National Mortgage Association repurchase reserves in the prior year period, partially offset by recoveries of previously charged-off loans versus a provision in the prior year period, and improved net interest income in the current quarter. Consolidated net income was $0.19 compared with $0.5 million a year ago. Return on average assets was 0.11% compared with 0.27% a year ago. Return on average stockholders' equity was 1.23% compared with 2.83% a year ago.

Carver Bancorp, Inc., Annual General Meeting, Sep 25, 2014

Carver Bancorp, Inc., Annual General Meeting, Sep 25, 2014., at 10:00 US Eastern Standard Time. Location: Schomburg Center for Research in Black Culture. Agenda: To elect four directors, each to serve for a three-year term and until their respective successors has been elected and qualified; to ratify the Carver Bancorp, Inc. 2014 Equity Incentive Plan; to ratify the appointment of KPMG LLP as independent auditors for Carver for the fiscal year ending March 31, 2015; and to consider advisory (non-binding) approval of the compensation of named executive officers.

 

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