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Volume 120.0
As of 8:10 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

carver bancorp inc (CARV) Key Developments

Carver Bancorp, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Carver Bancorp, Inc. announced consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company's total interest income was $5.8 million compared with $5.6 million a year ago. Net interest income was $4.8 million compared with $4.6 million a year ago. The increase was primarily attributable to an increase in the average balances of loans and other investments. Income before income taxes was $0.21 million compared with $0.58 million a year ago. Net income attributable to the company was $0.17 million or $0.05 per basic and diluted share compared with $0.41 million or $0.11 per basic and diluted share a year ago. The primary driver of the change was attributed to non-recurring gains on sales of loans and investments, an insurance recovery, and release of Federal National Mortgage Association repurchase reserves in the prior year period, partially offset by recoveries of previously charged-off loans versus a provision in the prior year period, and improved net interest income in the current quarter. Consolidated net income was $0.19 compared with $0.5 million a year ago. Return on average assets was 0.11% compared with 0.27% a year ago. Return on average stockholders' equity was 1.23% compared with 2.83% a year ago.

Carver Bancorp, Inc., Annual General Meeting, Sep 25, 2014

Carver Bancorp, Inc., Annual General Meeting, Sep 25, 2014., at 10:00 US Eastern Standard Time. Location: Schomburg Center for Research in Black Culture. Agenda: To elect four directors, each to serve for a three-year term and until their respective successors has been elected and qualified; to ratify the Carver Bancorp, Inc. 2014 Equity Incentive Plan; to ratify the appointment of KPMG LLP as independent auditors for Carver for the fiscal year ending March 31, 2015; and to consider advisory (non-binding) approval of the compensation of named executive officers.

Carver Bancorp, Inc. Provides Earnings Guidance for the Fourth Quarter and the Fiscal Year Ended March 31, 2014

Carver Bancorp, Inc. provided earnings guidance for the fourth quarter and the fiscal year ended March 31, 2014. Based on the expected adjustments, the company anticipates that it will report a loss for the fiscal year ended March 31, 2014 in the amount of approximately $0.9 million, subject to tax adjustment. The company expects to report loss of $1.5 million for the fourth quarter ended March 31, 2014.

Carver Bancorp, Inc. announced delayed annual 10-K filing

On 07/01/2014, Carver Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Carver Bancorp Inc. Appoints Isaac Torres as Vice President, Assistant General Counsel and Corporate Secretary

Carver Bancorp, Inc. announced the appointment of Isaac Torres as Vice President, Assistant General Counsel and Corporate Secretary. Mr. Torres will be responsible for the legal, regulatory, compliance and corporate governance functions and will report to Deborah C. Wright, the company's Chairman and Chief Executive Officer. He previously was Assistant Vice President and Assistant Corporate Secretary of MetLife, Inc. He is a member of the New York City Bar Association, the Association of Corporate Counsel and the Society of Corporate Secretaries & Governance Professionals.

 

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