Executive Summary
Carver Bancorp reported a difficult Q4 2025, with revenue of $9.214 million and a net loss of $3.771 million, translating to an EPS of -$0.71. The quarter delivered an improvement in revenue sequentially versus the prior quarter (QoQ revenue up ~20%), but profitability remains severely negative, with EBITDA also at -$3.771 million. On a year-over-year basis, revenue declined by approximately 21.6% versus Q4 2024, underscoring ongoing earnings headwinds in the current operating environment. The company’s balance sheet shows a sizable asset base (~$730 million) and a modest equity position (~$29.6 million), with total debt (~$29.1 million) largely matching the equity base. Cash flow was negative from operations (-$6.19 million) while financing activities contributed +$6.87 million, suggesting reliance on external funding to sustain operations and liquidity.
Looking forward, management has not provided explicit quarterly guidance in the supplied data. The near-term outlook hinges on stabilizing net interest income, controlling operating costs, and improving deposit growth to support earnings generation. The results point to a Go-To-Market and risk-management focus: optimize funding costs, selectively grow higher-return assets, and tighten expense discipline to shift the trajectory toward positive cash flow and profitability. Investors should monitor NIM (net interest margin) sensitivity, credit quality signals, and the firm’s ability to sustain capital at a level that supports growth without compromising balance sheet resilience.
Key Performance Indicators
QoQ: 20.01% | YoY:-21.60%
QoQ: 33.23% | YoY:-34 381.82%
QoQ: 33.23% | YoY:-34 381.82%
QoQ: 34.86% | YoY:-33 909.52%
Key Insights
Revenue: Q4 2025 $9.214M; YoY change: -21.60%; QoQ change: +20.01%
Operating Income: -$3.771M in Q4 2025; YoY: -34,381.82% (large swing due to prior base); QoQ: +33.23%
Net Income: -$3.771M in Q4 2025; YoY: -34,381.82%; QoQ: +33.23%
EPS: -$0.71 in Q4 2025; YoY: -33,909.52%; QoQ: +34.86%
EBITDA: -$3.771M; EBITDARatio: -0.41; Net Income Margin: -0.41
Balance Sheet (as reported): Total assets ~$729.991M; Total liabilities ~$700.413M; Total stockholders’ equity ~$29.578M; Long-term debt ~$24.379M;...
Financial Highlights
Revenue: Q4 2025 $9.214M; YoY change: -21.60%; QoQ change: +20.01%
Operating Income: -$3.771M in Q4 2025; YoY: -34,381.82% (large swing due to prior base); QoQ: +33.23%
Net Income: -$3.771M in Q4 2025; YoY: -34,381.82%; QoQ: +33.23%
EPS: -$0.71 in Q4 2025; YoY: -33,909.52%; QoQ: +34.86%
EBITDA: -$3.771M; EBITDARatio: -0.41; Net Income Margin: -0.41
Balance Sheet (as reported): Total assets ~$729.991M; Total liabilities ~$700.413M; Total stockholders’ equity ~$29.578M; Long-term debt ~$24.379M; Short-term debt ~$4.733M; Net debt ~$29.112M
Cash Flow: Net cash from operating activities -$6.189M; Free cash flow -$6.206M; Net cash from financing activities +$6.872M; Cash at period-end not disclosed
Key Ratios/Leverage: Retained earnings at -$65.293M; Accumulated OCI -$11.953M; Total stockholders’ equity ~$29.578M; Debt total ~$29.112M (implying modest equity cushion for a bank of this size)
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
9.21M |
-21.60% |
20.01% |
| Operating Income |
-3.77M |
-34 381.82% |
33.23% |
| Net Income |
-3.77M |
-34 381.82% |
33.23% |
| EPS |
-0.71 |
-33 909.52% |
34.86% |
Management Commentary
No earnings call transcript was provided in the data. Consequently, specific management commentary and quotes are not available within this input. Expected themes from a typical quarterly call would include discussions on net interest income sensitivity to rate changes, deposit trends, credit quality, expense discipline, and capital actions. The analysis below reflects available financial data and references to typical management guidance where applicable.
Transcript not provided in the input.
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Transcript not provided in the input.
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Forward Guidance
No formal forward guidance was provided in the supplied data. Given the negative quarterly profitability, a cautious near-term stance is warranted. Investors should monitor: (1) deposit growth and average balances as a driver of funding stability, (2) Net Interest Income (NII) and margin sensitivity to rate movements, (3) expense controls and headcount/SG&A efficiency, (4) credit quality indicators and loan-loss reserves, and (5) capital management actions to sustain liquidity and regulatory capital ratios. If CARV can stabilize NII while containing operating costs, a path to quarterly profitability could emerge in the back half of 2025 or in 2026; otherwise, continued reliance on financing activities may be needed to fund operations.