secwatch.observer — SEC 8-K summary
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Issuer:     CARVER BANCORP INC (CARV)
CIK:        0001016178
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000943374-24-000081
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carver Bancorp reports breakeven quarter; assets up 4.4% to $775M; $1.4M ERP grant income
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- Net income improved $1.1M YoY to near breakeven; recognized $1.4M ERP grant income in Dec 2023 quarter.
- Year-to-date interest income +$4.0M (+19.6%) vs interest expense +$4.7M (+144%); NIM 3.0%.
- Assets grew 4.4% to $775.3M; over $30M in new institutional deposits from Key Bank, Micron, TIAA.
- Lending activity: $8.9M commercial mortgage, $3.2M multifamily, $4M consumer/specialty, $2M leveraged loans.
- CEO Craig MacKay cites continued organic growth, diversification, and well-capitalized status.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016178/000094337424000081/0000943374-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016178/000094337424000081/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer