Company DescriptionCarver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. 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 also provides lending products, such as one-to-four family residential, multifamily real estate, and commercial real estate lending; and construction, business and small business administration, and consumer and other loans. In addition, it offers other consumer and commercial banking products and services, including debit cards, online account opening and banking, online bill pay, and telephone banking, as well as check cashing, wire transfer, bill payment, reloadable prepaid card, and money order services. The company operates through one administrative office, seven branches, and four ATMs. Carver Bancorp, Inc. was founded in 1948 and is headquartered in New York, New York.

How the Company Makes Money

Carver Bancorp Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Breakdown
Income Statement		Total Revenue
27.24M	29.20M	26.38M	27.82M	22.09M	19.73M
	Gross Profit
26.11M	29.28M	27.70M	27.82M	22.09M	19.73M
	EBIT
-2.66M	0.00	-548.00K	1.55M	-3.90M	-5.42M
	EBITDA
13.00K	0.00	0.00	0.00	-2.88M	-4.46M
	Net Income Common Stockholders
-9.96M	-2.98M	-3.34M	-3.25M	-3.90M	-5.42M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
96.39M	59.02M	668.00K	128.61M	162.10M	113.37M
	Total Assets
723.22M	756.80M	723.22M	735.31M	676.75M	578.77M
	Total Debt
64.26M	57.15M	64.26M	30.34M	53.23M	31.73M
	Net Debt
21.71M	-1.87M	21.71M	-30.68M	-22.37M	-15.81M
	Total Liabilities
64.26M	714.49M	678.00M	680.23M	53.23M	31.73M
	Stockholders Equity
45.22M	42.31M	45.22M	55.09M	52.30M	48.89M
Cash Flow		Free Cash Flow
-9.71M	-6.93M	-10.74M	6.96M	1.96M	-1.32M
	Operating Cash Flow
-9.28M	-6.57M	-10.51M	7.15M	2.21M	-31.00K
	Investing Cash Flow
17.88M	-20.05M	-15.26M	-79.08M	-76.98M	15.72M
	Financing Cash Flow
-33.87M	43.10M	7.31M	57.35M	102.82M	619.00K

Carver Bancorp Risk Analysis

Carver Bancorp disclosed 21 risk factors in its most recent earnings report. Carver Bancorp reported the most risks in the “Finance & Corporate” category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Carver Bancorp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARV		$7.20M	―	-26.57%	―	―	―
Sector *	64 Neutral	$12.87B	9.81	7.76%	16985.65%	12.28%	-7.83%
ASRV	55 Neutral	$49.39M	13.66	3.36%	4.01%	7.80%	―
GLBZ	52 Neutral	$14.47M	375.19	0.21%	8.02%	13.39%	-107.74%
KFFB	48 Neutral	$21.11M	―	-2.21%	3.03%	22.56%	-78.84%
PBBK		$42.62M	20.32	4.00%	―	―	―
SHFS	44 Neutral	$6.88M	2.00	-506.37%	―	-24.72%	-172.62%

* Financial Sector Average

Performance Comparison

CARV

Carver Bancorp

1.41

-0.67

-32.21%

ASRV

Ameriserv Financial

2.90

0.70

31.82%

GLBZ

Glen Burnie Bancorp

4.53

0.62

15.86%

KFFB

Kentucky First Federal Bancorp

2.62

-0.73

-21.79%

PBBK

PB Bankshares

16.94

3.69

27.85%

SHFS

SHF Holdings

2.55

-10.49

-80.44%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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