Carver Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 14, 2022 at 03:10 pm EST
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Carver Bancorp, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported net interest income was USD 5.5 million compared to USD 5.16 million a year ago. Net loss was USD 0.955 million compared to net income of USD 1.08 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.22.
For the six months, net interest income was USD 11.32 million compared to USD 9.82 million a year ago. Net loss was USD 1.81 million compared to USD 1.67 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to USD 0.49 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.