Carver Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 04:12 pm
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Carver Bancorp, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported net interest income was USD 5.74 million compared to USD 5.07 million a year ago. Net loss was USD 1.09 million compared to net income of USD 0.696 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.
For the nine months, net interest income was USD 17.06 million compared to USD 14.89 million a year ago. Net loss was USD 2.9 million compared to USD 0.976 million a year ago. Basic loss per share from continuing operations was USD 0.68 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.68 compared to USD 0.28 a year ago.
Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank (Carver Federal), a federally chartered savings bank. The Company 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 engages in a range of consumer and commercial banking services. It provides deposit products, including demand, savings and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its local market area within New York City. It offers other consumer and commercial banking products and services, such as debit cards, online banking, online bill pays and telephone banking. The Company also offers a suite of products and services for unbanked and underbanked consumers, branded as Carver Community Cash. It offers loan products covering a range of asset classes, including commercial and multifamily mortgages, and business loans.