Start here if you're new
what it is
Carver runs a Harlem bank that takes deposits and makes loans.
how it gets paid
Last year Carver Bancorp reported about $37.4M in total revenue (NII plus non-interest income). Net interest income ~$23.6M was the main engine (~63%); fees and other ~$13.8M made up the rest.
why it's growing
Top-line growth was modest vs. prior year on a ~$37M revenue base— not enough to offset credit and expense pressure, so the bank still lost money.
what just happened
Carver printed about -$0.68 EPS while annual revenue was ~$37M— still losing money on a thin earnings base.
At a glance
C balance sheet — red flag territory — real financial stress
25/100 earnings predictability — expect surprises
-$2.65 fy2024 eps est
data note: ignore absurd top-line estimates vs ~$37M actuals
1.5 beta
xvary composite: 25/100 — weak
What they do
Carver runs a Harlem bank that takes deposits and makes loans.
Carver is the largest African- and Caribbean-American run bank in the U.S. It has 7 full-service branches and 4 ATM centers. If you bank locally, you are not a line item in a national branch plan.
How they make money
~$37.4M
annual revenue (approx.) · bank-style mix (NII + non-interest)
Net interest income
~$23.6M
core spread
Non-interest income
~$13.8M
fees & other
The products that matter
deposit and lending franchise
Carver Federal Savings Bank
$37.4M revenue · seven branches
it is the whole company. the bank produced $37.4M of revenue in 2025 through a branch footprint that stays small enough for every operating cost line to matter.
entire business
core bank spread
Net Interest Income
$23.6M · 63% of revenue
this is the classic bank model: earn more on assets than you pay on funding. at $23.6M, it is the main source of revenue, which means funding pressure hits the whole story fast.
core engine
fees and other banking revenue
Non-Interest Income
$13.8M · 37% of revenue
$13.8M is a large enough share to matter. for a bank this small, fee revenue helps, but it did not offset a $5.6M annual loss.
supporting revenue
Key numbers
$7M
market cap
You are paying $7M for a bank with $697.93M of assets. That is less than 1% of the balance sheet.
$697.93M
assets
The asset base is 100x the market cap. That gap matters only if loan losses stay contained.
$625.59M
deposits
Deposits are the funding engine. At $625.59M, they are the cheap money behind every loan.
$20M
debt load
Debt is 73% of capital. That makes every loss hit harder than the stock price suggests.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $20M (73% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for CARV right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Carver's -$0.68 EPS while annual revenue was about $37M.
Revenue moved slightly on a ~$37M annual base, but the bank still lost money. That is not a turnaround— it is survival math.
~$37M
annual revenue (approx.)
-$0.68
eps
modest
revenue trend vs. prior year
the number that mattered
The -$0.68 EPS print matters because it shows the bank is still losing money even with ~$37M in annual revenue— scale is not fixing the income statement yet.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is balance sheet distress at a seven-branch bank carrying $20M of long-term debt.
high
balance sheet distress
CARV carries a C balance sheet grade, a 5 risk rank, and $20M of long-term debt equal to 73% of capital.
That debt load is almost three times the roughly $7M market cap. If operating losses keep running, equity sits behind a lot of claims.
high
dilution as a financing tool
The trust preferred securities exchange canceled more than $1M of interest in return for 524,826 shares of common stock.
That is about 9% dilution based on recent share counts. For a $7M equity value, each rescue move can shrink your claim fast.
med
tiny scale, jumpy earnings
Revenue was $37.4M and earnings predictability is 25 / 100. This is a small income statement with little room for error.
One weak quarter, one credit issue, or one funding-cost move can swing the whole story. That is why the stock carries a 2.42 beta and 5 / 100 price stability.
A $5.6M annual loss, $20M of debt, and recent 9% dilution tell you the risk is not abstract. It is already in the capital structure.
source: institutional data · regulatory filings · risk analysis
Pay attention to
capital
whether dilution stops here
The 524,826-share TruPS exchange already reset the share count. If more capital repair needs equity, your slice gets smaller again.
earnings
the profit margin, not the press release
A -58.39% profit margin means losses are still eating the revenue base. You want that number moving toward breakeven, fast.
deal timing
Q3 2026 merger path
The pending merger still needs antitrust review. If the timing slips, uncertainty stays on the stock longer.
volatility
price action versus fundamentals
With a 2.42 beta and a $1–$4 52-week range, the tape can move far ahead of the business. For CARV, that gap matters.
Analyst rankings
earnings predictability
25 / 100
low visibility. in human-speak: the next result can look very different from the last one.
risk rank
5
this sits safer than only 5% of stocks in the coverage set. that is the opposite of defensive.
price stability
5 / 100
the stock has not traded like a sleepy bank name. it has traded like a stressed small-cap.
source: institutional data
Institutional activity
institutional ownership data for CARV is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive