Carver Bancorp(OTC) CARV

Carver helps New Yorkers manage money and access loans for homes or businesses. Its services support individuals, small businesses, and community groups. Everyday needs like paying bills or saving for retirement are made easier through its local banking products.

Money Moves: Carver’s Core Offerings

• Deposit Accounts: Checking, savings, and certificates of deposit for individuals and organizations (the company reports only one operating segment and does not provide a segment breakdown).
• Residential Loans: Mortgages for one-to-four family homes, helping people buy or refinance property.
• Commercial and Multifamily Loans: Financing for apartment buildings and business properties, supporting local real estate and entrepreneurs.
• Business and SBA Loans: Loans for small businesses, including those backed by the U.S. Small Business Administration.
• Community Banking Services: Debit cards, online banking, bill pay, check cashing, wire transfers, and prepaid cards for everyday transactions.

Branching Out: Growth and Expansion Highlights

• Joined JPMorgan Chase’s Empowering Change program in 2023 to boost non-interest income.
• Secured a $25 million revolving loan facility in 2024 for green energy and minority/women-owned business lending.
• Maintained focus on New York City, with no recent acquisitions or new branch openings reported.

Why Carver Stands Out (Without the Hype)

Carver is one of the largest African-American operated banks in the U.S, focusing on underserved New York neighborhoods. Its community lending and targeted products address gaps left by larger banks. The bank’s regulatory recognition for community reinvestment sets it apart in a crowded market.

Five Things You Need to Know

• Total revenue was $9 million in QQ1 2026, down 7.1% year-over-year.
• Net loss improved to $1.18 million in QQ1 2026 from $2.21 million prior year.
• Deposits totaled $645.53 million as of June 30, 2025, down $16.31 million from March.
• Nonaccrual loans were $24.46 million (4.04% of loans) as of June 30, 2025.
• Capital ratios fell below regulatory minimums in June 2025, triggering oversight restrictions.

Bottom Line

Carver has evolved as a community-focused bank serving New York’s diverse neighborhoods. Its adaptability and local relationships remain central as it navigates regulatory and competitive pressures.