# Carver Bancorp, Inc. (CARV)

> Source: Nexqual · https://nexqual.com/CARV · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Carver Bancorp, Inc. (CARV), nexqual.com/CARV" · informational, not investment advice.

**Price:** USD 1.85 (+3.35% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 1.79 · day 1.81–1.85 · 52w 1.07–3.85 · market cap $10.8M · OQB

## Key facts
- Last four reported quarters (through Sep 30, 2025): revenue $22.7M, net income -$13.0M (-57.3% margin) (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -31.7% vs S&P 500 +13.4%; 5Y -87.5% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $22.1M | $27.8M | $26.4M | $29.3M | $22.2M | $22.7M |
| Net income | -$3.9M | -$847K | -$4.4M | -$3.0M | -$13.7M | -$13.0M |
| EPS (diluted) | -$1.14 | -$0.24 | -$1.03 | -$0.61 | -$2.65 | — |
| Free cash flow | $2.0M | $7.0M | -$10.7M | -$6.9M | -$12.9M | -$9.4M |
| Net margin | -17.6% | -3.0% | -16.7% | -10.2% | -61.8% | -57.3% |
| Revenue growth | +11.9% | +26.0% | -5.2% | +11.0% | -24.1% | — |
| Cash + short-term investments | $75.6M | $61.0M | $42.6M | $59.0M | $50.3M | — |
| Total debt | — | $15.9M | $40.9M | $46.4M | $20.2M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2025)
P/S 0.5x · P/B 0.4x · FCF yield -87.17% · Earnings yield -120.77%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -31.7% | -87.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -31.8% | -34.0% |
| Volatility (annualized) | 103.9% | 83.2% |
| Max drawdown | -67.9% (Nov 2025→Dec 2025) | -92.1% (Nov 2021→Dec 2025) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/CARV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CARV's own 10-K filed 2025-06-24 (https://www.sec.gov/Archives/edgar/data/1016178/000101617825000010/carv-20250331.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Upstart Holdings, Inc. (UPST) | "During fiscal year 2025, the Bank generated $15.4 million of consumer loans, purchased primarily through its strategic partnerships that included $7.2 million through Upstart Holdings, Inc. based on the Bank's credit cri…" |

## Revenue by product line (quarter ended 2025-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Depository fees and charges | $675,000 | 56.0% | +23.9% |
| Other noninterest income | $298,000 | 24.7% | +181.1% |
| Loan fees and service charges | $233,000 | 19.3% | +288.3% |
| Total revenue | $1.2M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2011-03-31) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2011-03-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |