Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $5.96 USD
Change Today +0.41 / 7.39%
Volume 748.0
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) Snapshot

Open
$5.80
Previous Close
$5.55
Day High
$5.96
Day Low
$5.80
52 Week High
07/24/14 - $10.23
52 Week Low
03/25/15 - $3.95
Market Cap
22.0M
Average Volume 10 Days
23.1K
EPS TTM
$0.11
Shares Outstanding
3.7M
EX-Date
10/29/10
P/E TM
54.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CARVER BANCORP INC (CARV)

carver bancorp inc (CARV) Related Bloomberg News

View More Bloomberg News

carver bancorp inc (CARV) Related Businessweek News

No Related Businessweek News Found

carver bancorp inc (CARV) 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.

129 Employees
Last Reported Date: 06/29/15
Founded in 1948

carver bancorp inc (CARV) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $225.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $207.0K
Chief Information Technology and Operations O...
Total Annual Compensation: $181.7K
First Senior Vice President, General Counsel,...
Total Annual Compensation: $181.1K
Compensation as of Fiscal Year 2014.

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

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CARV:US $5.96 USD +0.41

CARV Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CBT Financial Corp $27.51 USD 0.00
Hopewell Valley Community Bank/Pennington NJ $9.10 USD 0.00
Kinderhook Bank Corp $29.75 USD 0.00
Royal Bancshares of Pennsylvania Inc $2.01 USD +0.03
Stewardship Financial Corp $6.18 USD 0.00
View Industry Companies
 

Industry Analysis

CARV

Industry Average

Valuation CARV Industry Range
Price/Earnings 60.5x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 60.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CARVER BANCORP INC, please visit www.carverbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.