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CARV

Carver Bancorp, Inc.

CARV

Carver Bancorp, Inc. • NASDAQ
$1.61 ▼ -1.83% (-0.03)
Market Cap $8.20 M
52w High $3.85
52w Low $1.30
Dividend Yield 0%
P/E -0.65
Volume 17.73K
Outstanding Shares 5.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $6.396M ▼ $6.792M ▼ $-2.431M ▼ -38.008% ▼ $-0.46 ▼ $335K ▲
Q1-2026 $10.472M ▲ $8.112M ▼ $-1.177M ▲ -11.239% ▲ $-0.22 ▲ $-998K ▲
Q4-2025 $9.043M ▲ $8.733M ▼ $-3.771M ▲ -41.701% ▲ $-0.71 ▲ $-3.597M ▲
Q3-2025 $7.678M ▼ $9.34M ▲ $-5.648M ▼ -73.561% ▼ $-1.09 ▼ $-5.448M ▼
Q2-2025 $10.41M $8.231M $-2.113M -20.298% $-0.41 $-1.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $0 ▼ $697.933M ▼ $671.004M ▼ $26.929M ▼
Q1-2026 $66.463M ▼ $713.624M ▼ $685.086M ▼ $28.538M ▼
Q4-2025 $93.994M ▼ $729.991M ▲ $700.413M ▲ $29.578M ▼
Q3-2025 $94.08M ▼ $727.53M ▼ $695.264M ▼ $32.266M ▼
Q2-2025 $102.656M $748.76M $708.89M $39.87M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-2.431M ▼ $-1.585M ▼ $12.221M ▲ $-13.724M ▲ $-3.088M ▲ $-1.417M ▼
Q1-2026 $-1.177M ▲ $-230K ▲ $8.958M ▲ $-15.208M ▼ $-6.48M ▼ $-398K ▲
Q4-2025 $-3.771M ▲ $-6.188M ▼ $-328K ▼ $6.872M ▲ $356K ▲ $-6.206M ▼
Q3-2025 $-5.648M ▼ $-1.045M ▲ $10.137M ▲ $-13.678M ▼ $-4.586M ▼ $-1.098M ▲
Q2-2025 $-2.113M $-3.027M $8.87M $2.358M $8.201M $-3.133M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Advertising
Advertising
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Mortgage Banking
Mortgage Banking
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Carver’s revenue base is very small and has stayed mostly flat over the past few years, which limits its ability to spread fixed costs. Profitability has been weak and volatile, with the most recent year showing a clear loss after a stretch of roughly break-even results. Earnings per share have swung sharply from year to year and are often negative, underscoring how sensitive the bank is to even small changes in costs or credit performance. Overall, the income statement points to a fragile earnings profile and limited margin for error.

Balance Sheet

Balance Sheet The balance sheet is modest in size and has not grown meaningfully, signaling a small, niche institution rather than a scaling regional bank. Equity levels appear steady but not expanding, which suggests limited internal capital generation. Debt is present but not outsized, yet the relatively thin capital base means shocks could matter more here than at larger banks. Cash balances have drifted down from earlier years, suggesting less liquidity cushion than before.

Cash Flow

Cash Flow Operating cash flow has been consistently weak and often negative, meaning the core business is not reliably generating cash. Free cash flow mirrors this pattern, as there is little spending on long-term assets; the strain is coming from operations rather than heavy investment. This combination points to a bank that must manage its costs and credit risk very carefully, because it does not have strong internal cash generation to absorb setbacks.

Competitive Edge

Competitive Edge Carver occupies a highly specialized niche as a community-focused bank serving minority and underserved urban neighborhoods, backed by formal designations as both a community development and minority depository institution. Its long-standing local relationships, mission-driven brand, and targeted lending to minority and women-owned businesses give it a differentiated position that larger banks struggle to replicate. At the same time, its small scale, geographic concentration, and weaker profitability leave it more exposed to local economic cycles, regulatory pressure, and competition from both big banks and digital-first lenders.

Innovation and R&D

Innovation and R&D Instead of traditional in-house R&D, Carver leans on partnerships and targeted initiatives to modernize. It uses AI-driven platforms like Upstart and Moody’s tools to refine credit decisions, broaden access to credit, and speed up lending. The bank has upgraded its digital banking and extended online account opening beyond its branch footprint, helping it reach more customers without heavy branch expansion. Its move into green energy financing and planned governance changes signal a push to reposition itself as a modern urban community bank, though successful execution and risk control will be crucial given its limited financial buffer.

Summary

Carver Bancorp is a very small, mission-driven community bank with a distinctive focus on minority and underserved communities and a growing emphasis on green and impact-oriented lending. Financially, it operates on a thin margin, with flat revenue, inconsistent profitability, and weak cash generation, which together highlight operational and credit-risk sensitivity. The balance sheet and liquidity profile are modest, offering less protection than at larger peers. On the other hand, its specialized regulatory status, deep community ties, and technology-enabled partnerships give it a unique competitive angle that is hard to copy. The core question going forward is whether Carver can turn its mission and innovation efforts into a more stable, sustainable earnings base without overextending its limited resources.

NEWS

November 18, 2025 · 5:00 PM UTC

Carver Bancorp, Inc. Announces Intention to List on OTCQX, Voluntarily Delist from Nasdaq and Deregister from SEC

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November 5, 2025 · 8:30 AM UTC

Carver Bancorp, Inc. Announces Board Modernization Initiative with Comprehensive Governance Enhancements

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November 4, 2025 · 9:00 AM UTC

Dream Chasers Encourages Carver Bancorp and All Shareholders to Help Support Victims of Hurricane Melissa

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November 4, 2025 · 8:30 AM UTC

Carver Bancorp, Inc. Strengthens Leadership Team with Appointment of Jason Sisack, Former OCC Executive, as Senior Enterprise Risk Management Advisor to the CEO

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September 23, 2025 · 9:00 AM UTC

Dream Chasers Invites Bidders for a Carver Bancorp Transaction

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