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Share Name | Share Symbol | Market | Type |
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Carver Bancorp Inc New | NASDAQ:CARV | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.61% | 1.66 | 1.60 | 1.75 | 1.70 | 1.65 | 1.65 | 4,501 | 21:25:00 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading symbol(s)
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Name of each exchange on which registered
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Exhibit No.
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Description
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Letter to Shareholders, dated February 21, 2024
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104
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Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)
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CARVER BANCORP, INC.
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DATE: February 21, 2024
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By:
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/s/ Isaac Torres
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Isaac Torres
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Senior Vice President, General Counsel and Corporate Secretary
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Carver Bancorp (“Carver”) demonstrated resilience and continued progress in the fiscal quarter ended December 31, 2023, as our breakeven net
income outpaced the prior year quarter by $1.1 million. Integral to its mission and ongoing service to disadvantaged communities, Carver actively participates in the U.S. Treasury’s Economic Recovery Program (“ERP”) and recognized $1.4
million of ERP grant income in the December 2023 quarter, based on its qualified impact lending activities.
Growth in interest income for the nine-month year-to-date fiscal period of $4.0 million or 19.6% reflects a concurrent increase in new loan
commitments and average
new loan yields. Notwithstanding the deleterious effects of the 2023 Federal Reserve rate hikes on our funding costs, with year-to-date interest expense up $4.7 million or 144.0% over the prior year period, Carver still maintained a
Net Interest Margin of 3.0%.
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• $8.9 million commercial mortgage participation, refinancing a New Jersey-based charter school
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• $3.2 million refinancing of a six-unit multi-family apartment building in Queens, New York
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• $4.0 million of new consumer and specialty finance lending
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• $2.0 million of leveraged (cash flow) loan participations
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Document and Entity Information |
Feb. 21, 2024 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Feb. 21, 2024 |
Entity File Number | 001-13007 |
Entity Registrant Name | CARVER BANCORP, INC. |
Entity Central Index Key | 0001016178 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 13-3904174 |
Entity Address, Address Line One | 75 West 125th Street |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10027-4512 |
City Area Code | 212 |
Local Phone Number | 360-8820 |
Title of 12(b) Security | Common stock, par value $0.01 per share |
Trading Symbol | CARV |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
1 Year Carver Bancorp Chart |
1 Month Carver Bancorp Chart |
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