Carver Bancorp reduces FY2024 net loss 32% to $3M; achieves H2 breakeven

CARVER BANCORP INC

2025-Q1 EPS reported -$0.43 revenue$578,000

Net loss of $3.0M for FY2024, down 32% YoY; breakeven achieved in second half of fiscal year.
Net interest income $22.6M (-1% YoY); non-interest income $6.7M (+87% YoY) drove improved results.
Net interest margin improved to 3.31%, up 28 bps from prior quarter; deposits up 7.8%.
New $25M credit facility with NY Green Bank for decarbonization projects; MWBE vendor financing with Fortune 100 partner.
Upcoming Jack Henry LoanVantage™ system rollout by Fall 2025 to streamline loan processing.

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