secwatch.observer — SEC 8-K summary
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Issuer:     CARVER BANCORP INC (CARV)
CIK:        0001016178
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001104659-23-114035
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carver Bancorp interim CEO highlights strong capital, growth in shareholder letter
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- Bank emerged from regulatory formal agreement in Jan 2023; now 'well capitalized' with Tier 1 capital 12.4%, Leverage 10.1%, Total RBC 13.4%.
- Assets over $720M as of June 30, 2023, organic growth 28% since 2019; net interest margin YTD FY2024 at 3.14%.
- Loan growth 8.7% 4-year CAGR, deposit growth 5.8% 4-year CAGR, net charge-offs only 0.09% annually.
- Since 2019, raised over $40M in net capital and invested over $3M in technology upgrades.
- Fintech partnerships expanded deposit footprint to 9 states; supported over 16,000 small business loans nationwide.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016178/000110465923114035/0001104659-23-114035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016178/000110465923114035/tm2329810d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114035

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