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Last €5.45 EUR
Change Today +0.016 / 0.29%
Volume 0.0
As of 2:08 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

carver bancorp inc (39CN) Snapshot

Open
€5.45
Previous Close
€5.44
Day High
€5.45
Day Low
€5.45
52 Week High
12/22/14 - €7.24
52 Week Low
05/28/15 - €3.62
Market Cap
20.2M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
3.7M
EX-Date
10/29/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARVER BANCORP INC (39CN)

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carver bancorp inc (39CN) Details

Carver Bancorp, Inc. operates as a bank holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York City. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts. The company provides various loans, such as commercial, multi-family and residential mortgages; construction loans; business loans; and consumer loans comprising credit card loans, personal loans, and home improvement loans, as well as other than loans secured by savings deposits. It also offers other consumer and commercial banking products and services, including debit cards, online banking, online bill pay, and telephone banking; and check cashing, wire transfers, bill payment, reloadable prepaid cards, and money orders. It operates through 2 administrative offices, 10 branches, and 4 ATM locations. Carver Bancorp, Inc. was founded in 1948 and is headquartered in New York, New York.

128 Employees
Last Reported Date: 08/11/15
Founded in 1948

carver bancorp inc (39CN) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $263.3K
Chief Financial Officer and First Senior Vice...
Total Annual Compensation: $207.0K
Chief Operations & Information Technology Off...
Total Annual Compensation: $189.0K
First Senior Vice President, Loan Workout Off...
Total Annual Compensation: $207.0K
Chief Lending Officer, Senior Vice President,...
Total Annual Compensation: $180.4K
Compensation as of Fiscal Year 2015.

carver bancorp inc (39CN) Key Developments

Carver Bancorp, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015

Carver Bancorp, Inc. reported consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total interest income of $6,208,000 compared to $5,758,000 a year ago. Net interest income was $5,150,000 compared to $4,766,000 a year ago. Net interest income after provision for loan losses was $5,033,000 compared to $5,547,000 a year ago. Income before income taxes was $191,000 compared to $206,000 a year ago. Net income attributable to the company was $178,000 compared to $173,000 a year ago. Basic and diluted earnings per share were $0.05 compared to $0.05 a year ago. Return on average assets was 0.10% compared to 0.11% a year ago. Return on average stockholders' equity was 1.30% compared to 1.30% a year ago. The net income change is attributed to lower non-interest expense and higher net interest income, offset by an increase in the provision for loan losses for the current quarter. Interest income increased $450,000, or 7.8%, driven by a $90 million, or 22.6%, increase in the Bank's average loan balances.

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.

 

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Industry Analysis

39CN

Industry Average

Valuation 39CN Industry Range
Price/Earnings 62.3x
Price/Sales 0.9x
Price/Book 2.5x
Price/Cash Flow 62.3x
TEV/Sales NM Not Meaningful
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