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General information

Country: UNITED STATES

Sector: Banks — Regional

Carver Bancorp, Inc. is a holding company, which engages in the provision of consumer and commercial banking services. The company is headquartered in New York City, New York and currently employs 108 full-time employees. The firm conducts business as a unitary savings and loan holding company, and the business of the Company consists of the operation of its subsidiary, Carver Federal. Carver Federal serves African-American communities whose residents, businesses and institutions had limited access to mainstream financial services. The company engages in a range of consumer and commercial banking services. The company provides deposit products, such as demand, savings and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its market area within New York City. The company offers other consumer and commercial banking products and services, such as debit cards, online banking, online bill pay and telephone banking. The company also offers a suite of products and services for unbanked and underbanked consumers, branded as Carver Community Cash.
Website: carverbank.com



Growth: Bad revenue growth rate 0.0%, there is slowdown compared to average historical growth rates 6.7%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -29.5%

Profitability: LTM net profit margin is positive, +4.2%. On average the margin is decreasing steadily. Gross margin is high, +100.0%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 19.0% higher than minimum and 94.6% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 1.9x by P / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: CARV
Share price, USD:  (+11.6%)1.44
year average price 2.3635  


year start price 4.8000 2023-04-18

max close price 5.1600 2023-04-20

min close price 1.2098 2023-10-26

current price 1.4400 2024-04-16
Common stocks: 3 804 600

Dividend Yield:  0.0%
P / E LTM: 5.5x
Last revenue growth (y/y):  0.0%
Last growth of Net Income (y/y):  ---
Historical revenue growth:  6.7%
Historical growth of Net Income:  ---
P / Sales: 0.2x
Margin (Net Income LTM / Revenue): 4.2%
Fundamental value created in LTM:
Market Cap ($m): 5
Price to Book: 0.1x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CARV CARV CARV CARV CARV CARV
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-14 2023-11-14 2023-08-14 2023-06-29 2023-02-14 2022-11-14
acceptedDate 2024-02-14 14:19:10 2023-11-14 12:01:32 2023-08-14 17:27:01 2023-06-29 16:04:04 2023-02-14 16:12:19 2022-11-14 15:09:39
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 10M 8M 6M 7M 6M 7M
costOfRevenue 1M 0 0 0 0 0
grossProfit 8M 8M 6M 7M 6M 7M
grossProfitRatio 0.882 1.000 1.000 1.000 1.000 1.000
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 4M 4M 4M 4M 4M 4M
sellingAndMarketingExpenses 353 000 449 000 355 000 388 000 328 000 361 000
sellingGeneralAndAdministrativeExpenses 4M 4M 4M 4M 4M 4M
otherExpenses -3M -10M -9M -12M -10M 0
operatingExpenses 3M -10M -9M -7M -6M 0
costAndExpenses 11M -10M -9M -7M -6M 0
interestIncome 8M 1M 8M 7M 7M 7M
interestExpense 606 000 3M 2M 2M 1M 1M
depreciationAndAmortization 237 000 263 000 260 000 275 000 262 000 261 000
ebitda 19 000 -2M -1M 450 000 615 000 528 000
ebitdaratio 0.002 -0.198 -0.228 0.061 0.101 0.081
operatingIncome 19 000 -2M -1M 175 000 353 000 267 000
operatingIncomeRatio 0.002 -0.198 -0.228 0.024 0.058 0.041
totalOtherIncomeExpensesNet 19 000 -2M 0 -2M -1M -1M
incomeBeforeTax 19 000 -2M -1M -2M -1M -955 000
incomeBeforeTaxRatio 0.002 -0.198 -0.228 -0.204 -0.180 -0.146
incomeTaxExpense -214 000 -263 000 -260 000 2M 1M 1M
netIncome 15 000 -2M -1M -3M -3M -2M
netIncomeRatio 0.002 -0.198 -0.228 -0.432 -0.420 -0.334
eps 0.003 -0.330 -0.320 -0.740 -0.590 -0.510
epsdiluted 0.002 -0.330 -0.320 -0.740 -0.590 -0.510
weightedAverageShsOut 5M 5M 4M 4M 4M 4M
weightedAverageShsOutDil 6M 5M 4M 4M 4M 4M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CARV CARV CARV CARV CARV CARV
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-14 2023-11-14 2023-08-14 2023-06-29 2023-02-14 2022-11-14
acceptedDate 2024-02-14 14:19:10 2023-11-14 12:01:32 2023-08-14 17:27:01 2023-06-29 16:04:04 2023-02-14 16:12:19 2022-11-14 15:09:39
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 75M 52M 42M 43M 44M 96M
shortTermInvestments 49M 48M 52M 54M 53M 55M
cashAndShortTermInvestments 126M 102M 96M 96M 44M 151M
netReceivables 2M 2M 2M 2M 3M 2M
inventory -128M 551M 0 0 0 0
otherCurrentAssets 78M 54M 0 0 0 0
totalCurrentAssets 78M 709M 683M 98M 628M 152M
propertyPlantEquipmentNet 13M 14M 15M 15M 16M 17M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 9M 50M 54M 56M 56M 58M
taxAssets 0 0 0 0 0 0
otherNonCurrentAssets 675M -50M -54M -72M -56M -75M
totalNonCurrentAssets 698M 14M 15M 72M 16M 75M
otherAssets 0 20M 14M 553M 68M 529M
totalAssets 775M 743M 712M 723M 712M 756M
accountPayables 0 0 0 1M 0 0
shortTermDebt 754 000 12M 13M 0 14M 14M
taxPayables 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0
otherCurrentLiabilities 320M 0 0 0 0 0
totalCurrentLiabilities 320M 12M 13M 1M 14M 14M
longTermDebt 46M 58M 64M 64M 45M 70M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 366M 633M 593M -64M 609M 625M
totalNonCurrentLiabilities 412M 691M 657M 64M 653M 695M
otherLiabilities 0 0 0 -1M 0 0
capitalLeaseObligations 11M 12M 13M 13M 14M 14M
totalLiabilities 733M 703M 669M 64M 667M 709M
preferredStock 23M 23M 24M 25M 25M 25M
commonStock 76 000 75 000 70 000 68 000 68 000 68 000
retainedEarnings -52M -52M -50M -48M -46M -45M
accumulatedOtherComprehensiveIncomeLoss -12M -15M -13M -12M -14M -14M
othertotalStockholdersEquity 84M 83M 82M 80M 80M 80M
totalStockholdersEquity 43M 40M 43M 45M 45M 46M
totalEquity 43M 40M 43M 45M 45M 46M
totalLiabilitiesAndStockholdersEquity 775M 743M 712M 723M 712M 756M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 775M 743M 712M 723M 712M 756M
totalInvestments 9M 50M 54M 110M 56M 113M
totalDebt 58M 58M 64M 64M 45M 70M
netDebt -17M 6M 22M 22M 858 000 -25M
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finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CARV CARV CARV CARV CARV CARV
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-14 2023-11-14 2023-08-14 2023-06-29 2023-02-14 2022-11-14
acceptedDate 2024-02-14 14:19:10 2023-11-14 12:01:32 2023-08-14 17:27:01 2023-06-29 16:04:04 2023-02-14 16:12:19 2022-11-14 15:09:39
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome 15 000 -2M -1M -2M -1M -955 000
depreciationAndAmortization 237 000 263 000 260 000 275 000 262 000 261 000
deferredIncomeTax -475 000 0 888 000 0 0 0
stockBasedCompensation 1000.000 44 000 175 000 71 000 0 0
changeInWorkingCapital 3M -4M -839 000 -468 000 2M 6M
accountsReceivables -336 000 -97 000 -70 000 602 000 -669 000 476 000
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 3M -4M -769 000 -1M 2M 5M
otherNonCashItems 458 000 370 000 -772 000 -44 000 294 000 -102 000
netCashProvidedByOperatingActivities 3M -5M -2M -2M 1M 5M
investmentsInPropertyPlantAndEquipment -71 000 -99 000 -66 000 -57 000 -45 000 -73 000
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments -603 000 0 0 0 0 0
salesMaturitiesOfInvestments 2M 2M 879 000 1M 2M 5M
otherInvestingActivites -14M -20M 7M -12M -12M -25M
netCashUsedForInvestingActivites -13M -18M 8M -11M -11M -21M
debtRepayment 0 -10M 0 0 0 0
commonStockIssued 0 1 000 000 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 43M -7M 11M -42M 68M
netCashUsedProvidedByFinancingActivities 32M 34M -7M 11M -42M 68M
effectOfForexChangesOnCash 1.000 0 0 0 0 0
netChangeInCash 23M 10M -861 000 -1M -52M 52M
cashAtEndOfPeriod 75M 52M 42M 43M 44M 96M
cashAtBeginningOfPeriod 52M 42M 43M 44M 96M 43M
operatingCashFlow 3M -5M -2M -2M 1M 5M
capitalExpenditure -71 000 -99 000 -66 000 -57 000 -45 000 -73 000
freeCashFlow 3M -5M -2M -2M 966 000 5M
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finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-01-31 21:15 ET
Carver Bancorp, Inc. Definitively Rejects Dream Chasers' Offer
2024-01-25 14:24 ET
Dream Chasers Capital meets with Carver Bancorp (NASDAQ: CARV) for talks
2023-11-29 13:30 ET
Carver Bancorp, Inc. Interim CEO Craig C. MacKay Comments on the Bank's Recent Performance
2023-11-20 14:25 ET
Dream Chasers raises its offer to $3.25 per share for 35% of Nasdaq listed Carver Bancorp symbol: CARV
2023-11-03 12:30 ET
Carver Bancorp, Inc. Interim CEO Craig C. MacKay Provides Strategic Update on the Bank's Progress and Impact on the Communities it Serves
2023-09-22 14:00 ET
New Microloan Program is Driving Economic Empowerment for Small Businesses in Brooklyn, Harlem, and Across New York City
2023-08-31 13:38 ET
Leading Bank in Harlem Faces Hostile Takeover From One of its Biggest Shareholders Dream Chasers Capital
2023-08-16 14:00 ET
Carver Launches Suite of Cash Management Services to Support Growth of Small and Larger Businesses Across Greater NYC Region
2023-08-14 12:30 ET
Carver Bancorp, Inc. Names Craig C. MacKay Interim CEO
2023-08-10 12:45 ET
LISC names Michael T. Pugh as CEO
2023-08-09 12:30 ET
Carver Bancorp, Inc. Announces Chief Executive Officer Transition
2023-08-03 12:00 ET
Carver Bancorp, Inc. Successfully Completes $1,000,000 Private Placement with National Community Investment Fund
2023-02-28 18:30 ET
M&T Bank Announces Harlem Small Business Innovation Lab in Partnership with Carver Federal Savings Bank
2022-12-01 14:00 ET
Carver Federal Savings Bank Partners with Artificial Intelligence (AI) Lending Marketplace Leader Upstart to Enhance its Loan Offering Capabilities and Expand Credit
2022-11-17 15:01 ET
WINNERS of Carver Federal Savings Bank and The Greater Harlem Chamber of Commerce 2022 Women Business Pitch Competition
2022-10-24 14:00 ET
The City College of New York and Carver Federal Savings Bank Celebrate the Minority-Depository Institution's First Campus ATM
2022-10-17 12:00 ET
Carver Bancorp, Inc. Appoints Robin L. Nunn to Board of Directors
2022-09-26 15:36 ET
Carver & Operation HOPE Launch Financial Literacy to Loans Program
2022-09-01 12:00 ET
Carver Federal Savings Bank and The Greater Harlem Chamber of Commerce Announces 2022 Minority Women-Owned Business Pitch Competition
2022-03-22 15:00 ET
Michael Pugh and Carver Federal Savings Bank are the Cover Feature Story for The CEO Magazine's March 2022 Issue
2021-11-29 15:00 ET
Carver Federal Savings Bank to Leverage Moody's Analytics CreditLens Solution to Elevate Customer Experience for its Business Clientele
2021-10-27 14:00 ET
Carver Federal Savings Bank And The Touro Graduate School Of Business Announce Innovative Scholarship Program
2021-09-30 15:00 ET
The Society for Financial Education & Professional Development (SFE&PD) and Carver Bank amplify successful financial education initiative at three historically Black colleges and universities (HBCUs) to include internships and professional development
2021-06-17 12:00 ET
Carver Bancorp and Bank of America Announce Closing of Social Impact Credit Facility with BlackRock
2021-05-20 15:00 ET
Carver Bank and New Rochelle-White Plains Alumni Chapter of Kappa Alpha Psi Fraternity, Inc. Announce Partnership to Support Economic Empowerment in Communities of Color
2021-05-17 14:00 ET
Carver Federal Savings Bank's Customers Can Now Access Wells Fargo's Nationwide Network of ATMs
2021-02-23 18:30 ET
Carver Bancorp Inc. Receives Investment from JPMorgan Chase To Support Economic Empowerment in Communities of Color
2021-02-08 15:30 ET
Society For Financial Education & Professional Development And Carver Bank Partner To Reduce Financial Literacy Gap For Students At Historically Black Colleges And Universities
2021-02-05 16:30 ET
Carver Federal Savings Bank and John Hope Bryant Announce a New Sizeable Long-term Deposit in the Bank to Support Economic Empowerment in Communities of Color
2020-12-02 18:00 ET
Carver Federal Savings Bank Expands Presence Offering Online Consumer Accounts Across Several Key Markets In Northeast
2019-05-02 20:15 ET
Carver Bancorp Appoints Jim Montes As President Of Carver Community Development Corporation

SEC forms

Show financial reports only

SEC form 10
2024-02-14 14:19 ET
Carver Bancorp published news for 2023 q4
SEC form 10
2024-02-14 00:00 ET
Carver Bancorp published news for 2023 q4
SEC form 10
2023-11-14 12:01 ET
Carver Bancorp published news for 2023 q3
SEC form 10
2023-11-14 00:00 ET
Carver Bancorp published news for 2023 q3
SEC form 10
2023-08-14 17:27 ET
Carver Bancorp published news for 2023 q2
SEC form 6
2023-08-14 09:41 ET
Carver Bancorp published news for 2023 q2
SEC form 10
2023-08-14 00:00 ET
Carver Bancorp published news for 2023 q2
SEC form 6
2023-08-09 08:37 ET
Carver Bancorp published news for 2023 q2
SEC form 6
2023-07-28 14:15 ET
Carver Bancorp published news for 2023 q2
SEC form 6
2023-07-20 08:45 ET
Carver Bancorp published news for 2023 q2
SEC form 10
2023-06-29 16:04 ET
Carver Bancorp reported for 2023 q1
SEC form 10
2023-06-29 00:00 ET
Carver Bancorp reported for 2023 q1
SEC form 10
2023-02-14 00:00 ET
Carver Bancorp published news for 2022 q4
SEC form 10
2022-11-14 00:00 ET
Carver Bancorp published news for 2022 q3
SEC form 10
2022-08-15 00:00 ET
Carver Bancorp published news for 2022 q2
SEC form 10
2022-07-14 00:00 ET
Carver Bancorp reported for 2022 q1
SEC form 10
2022-02-14 00:00 ET
Carver Bancorp published news for 2021 q4
SEC form 10
2021-11-15 00:00 ET
Carver Bancorp published news for 2021 q3
SEC form 10
2021-08-19 00:00 ET
Carver Bancorp published news for 2021 q2
SEC form 10
2021-06-29 00:00 ET
Carver Bancorp published news for 2021 q1