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CARVCarver Bancorp, Inc.
$1.40$7M
Overview & Verdict
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HomeStocksCARVCash Flow

Carver Bancorp, Inc. (CARV) Cash Flow Statement

30Y historyFree accessUpdated daily

Operating cash flow remains under pressure, evidenced by the bank's decision to issue $1.0 million in long-term debt during 2026Q2 to manage liquidity requirements.

CARV Cash Flow Statement

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMMar'25Mar'24Mar'23Mar'22Mar'21Mar'20Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10Mar'09Mar'08Mar'07Mar'06Mar'05Mar'04Mar'03Mar'02Mar'01Mar'00Mar'99Mar'98Mar'97Mar'96
Cash from Operations-9.05M-12.61M-6.57M-10.51M7.15M2.21M-31K-8.77M-4.99M827K420K3.62M15.55M20.34M31.53M4.31M1.47M11.76M-26.62M-13.68M7.16M-4.49M16.95M-1.05M8.9M2.6M5.04M8.2M8.3M100K4.7M
Operating CF Growth %-110.4%-91.89%37.5%-246.99%223.33%7235.48%99.65%-75.83%-702.78%96.9%-88.39%-76.73%-23.57%-35.48%632.02%193.39%-87.51%144.16%-94.59%-290.98%259.64%-126.46%1720.94%-111.75%242.37%-48.36%-38.57%-1.2%8200%-97.87%-17.54%
Net Income-13.03M-13.74M-2.98M-4.4M-847K-3.9M-5.42M-5.94M5.35M-2.85M-1.77M-272K-836K662K-23.41M-39.53M-1.02M-7.02M3.98M2.58M3.77M2.65M4.84M3.83M4.71M-389K-1.14M-4.5M1M-1.7M800K
Depreciation & Amortization924K813K965K1.06M1.03M1.02M965K793K897K867K1.42M1.05M1.08M1.13M1.45M1.66M2.53M1.93M1.46M436K2.41M2.92M3.17M1.92M1.99M1.36M1.79M2.4M1.3M2M1.2M
Deferred Taxes00000000000000014.32M000000000000100K-400K-400K
Other Non-Cash Items568K1.62M567K188K877K-142K1.24M9K-8.76M478K196K-3.21M16.38M18.74M50.12M27.18M8.56M11.34M-260K1.94M-118K1.53M33K206K-1.26M552K711.97K4.3M2.9M2.8M2.3M
Working Capital Changes2.47M-1.36M-5.35M-7.45M5.97M5.2M3.23M-3.67M-2.48M2.33M574K6.05M-1.08M-196K3.31M655K-8.63M5.43M-31.8M-18.64M1.1M-11.6M8.91M-7M3.46M1.08M3.67M6M3M-2.6M800K
Cash from Investing30.99M15.08M-20.05M-15.26M-79.08M-76.98M15.72M29.12M84.15M41.24M-52.04M-106.58M-5.29M-3.48M62.34M55.64M9.17M-48.68M-18.07M88.65M-31.04M-86.8M-38.17M-65.79M-21.99M1.8M-7.9M19.5M-8.6M-62.7M-6.5M
Purchase of Investments00-603K00-74.47M0-58.13M-7.79M-30.76M-5.27M-28.2M-35.18M-75.94M-54.34M-88.64M-23.66M-200.57M-15.27M0-26.83M-83.77M-78.34M-96.93M-134.72M-166.23M-485M-331.9M-19.1M-60M0
Sale/Maturity of Investments3.81M4.31M5.34M10.74M17.3M52.63M15.89M39.87M6.35M27.74M46.47M17.09M56.7M47.52M30.35M73.73M42.91M10.13M46.89M93.05M67.53M70.67M102.49M35.28M120.26M183.33M477.21M348.7M88.5M116M35.7M
Net Investment Activity3.81M4.31M4.73M10.74M17.3M-21.84M15.89M-18.26M-1.44M-3.02M41.2M-11.11M21.52M-28.41M-24M-14.92M19.25M-190.44M31.63M93.05M40.7M-13.1M24.15M-61.65M-14.46M17.1M-7.79M16.8M69.4M56M35.7M
Acquisitions00000000000000000-2.55M0-2.42M00000000000
Other Investing27.25M11.1M-24.43M-25.78M-96.19M-54.89M1.12M50.26M87.19M44.52M-92.66M-95.18M-26.5M25.15M86.48M71.06M-10.08M145.7M-46.83M-517K-70.67M-70.3M-59.54M-2.97M-6.36M-14.7M404.32K4.4M-77.1M-116.6M-36.3M
Cash from Financing-35.74M-11.18M43.1M7.31M57.35M102.82M619K-123.69M-3.29M-46.56M63.98M31.39M7.65M-3.91M-46.25M-54.21M14.36M22.9M54.71M-80.52M26.36M88.93M20.82M55.14M16.18M5.16M3.74M-21.6M11.2M56.9M-300K
Dividends Paid00000000000000-364K712K-1.94M-1.06M-975K-883K-782K-793K-659K-313K-312K-298K-106.18K-100K-100K00
Share Repurchases00000-2.5M0000000000-68K-159K0-321K0-1.02M000000000
Stock Issued195K195K1M03M3.2M0000000051.43M0018.98M0000000000000
Net Stock Activity195K195K1M03M697K0000000051.43M0-68K18.82M0-321K0-1.02M000000000
Debt Issuance (Net)1000K-1000K-1000K1000K-1000K1000K-1000K-1000K-1000K-1000K-1000K1000K-1000K1000K-1000K-1000K1000K1000K-1000K-1000K-1000K1000K-1000K1000K-1000K1000K-1000K-1000K1000K1000K-1000K
Other Financing-25.22M14.84M46.57M-27.69M71.56M70.24M8.62M-106.69M7.71M-27.57M78.98M18.39M13.65M-36.88M-28.1M-35.9M-167K-32.27M58.54M-33.66M48.77M79.79M39.24M22.21M46.52M-1.5M4.94M1.4M8.3M9.8M8.2M
Net Change in Cash-13.8M-8.71M16.47M-18.47M-14.57M28.05M16.31M-103.33M75.87M-4.5M12.36M-71.56M17.91M12.95M47.62M5.73M25M-14.03M10.02M-5.55M2.48M-2.35M-386K-11.69M3.09M9.56M881.75K6.2M10.9M-10M-11.8M
Exchange Rate Effect-356K000000000000000000000000000000
Cash at Beginning43.84M59.02M42.55M61.02M75.59M47.54M31.23M134.56M58.69M63.19M50.99M122.55M104.65M91.7M44.08M38.35M13.34M27.37M17.35M22.9M20.42M22.77M23.16M34.85M31.76M22.2M21.32M15.1M4.2M10M11.8M
Cash at End40.75M50.31M59.02M42.55M61.02M75.59M47.54M31.23M134.56M58.69M63.66M50.99M122.55M104.65M91.7M44.08M38.35M13.34M27.37M17.35M22.9M20.42M22.77M23.16M34.85M31.76M22.2M21.3M15.1M66.9M9.7M
Interest Paid-919K15.21M10.71M4.62M5.52M3.9M4.87M5.3M4.58M6.86M4.08M3.47M3.58M4.46M8.45M9.5M13.76M16.11M0000000000000
Income Taxes Paid-17K222K232K193K211K57K53K123K225K134K217K161K130K69K708K1.22M120K297K0000000000000
Free Cash Flow-9.12M-12.94M-6.93M-10.74M6.96M1.96M-1.32M-11.64M-6.59M565K-154K3.33M15.24M20.12M31.38M3.81M1.47M10.37M-29.48M-15.14M6.08M-7.89M14.18M-2.21M7.73M1.99M4.53M6.5M7.4M-2M-1.2M
FCF Growth %-69.28%-86.7%35.45%-254.28%255.83%248.52%88.69%-76.79%-1265.84%466.88%-104.63%-78.16%-24.26%-35.88%724.81%159.2%-85.84%135.16%-94.66%-349.05%177.11%-155.63%740.87%-128.6%288.4%-56%-30.38%-12.16%470%-66.67%-129.27%

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and Capital Adequacy

Persistent Operating Losses Drain Capital

According to quarterly financial data, Carver Bancorp has reported negative net income in eight of the last ten quarters, with a net loss of $2.4 million in 2026Q2, indicating that the bank is currently unable to generate organic capital to support its regulatory requirements.

The consistent inability to generate positive net income suggests that the bank's core operations are not self-sustaining. Investors should monitor whether the reliance on external capital infusions remains a permanent feature of the bank's capital structure rather than a temporary bridge.

Liquidation of Securities Portfolio Continues

As reported in recent SEC filings, Carver Bancorp has consistently sold investment securities over the last ten quarters, including $556,000 in 2026Q2, suggesting that the bank is liquidating its portfolio to offset operating cash outflows rather than reinvesting for long-term yield enhancement.

The absence of new investment purchases across the observed period implies a strategy focused on immediate liquidity preservation. This trend warrants further investigation into the remaining duration and quality of the securities portfolio as the bank continues to shrink its earning asset base.

Debt Financing Masks Operational Deficits

Based on the provided cash flow statements, Carver Bancorp has frequently utilized long-term debt issuances, such as the $1.0 million recorded in 2026Q2, to manage its liquidity position, highlighting a reliance on wholesale funding to compensate for negative operating cash flows and loan portfolio stagnation.

The recurring pattern of debt issuance suggests that the bank's internal cash generation is insufficient to cover its operational and lending activities. This reliance on external debt may indicate heightened sensitivity to interest rate fluctuations and potential constraints on future borrowing capacity.

Provisioning Volatility Reflects Credit Uncertainty

As indicated by the bank's reported figures, the provision for credit losses has fluctuated significantly, reaching a peak expense of $461,000 in 2025Q2, which suggests that management's assessment of credit risk remains highly sensitive to the evolving conditions of the New York commercial real estate market.

The lack of a consistent provisioning trend may imply that the bank is struggling to accurately forecast potential losses within its concentrated loan book. Analysts should monitor whether these provisions are sufficient to cover potential asset quality deterioration in the current urban economic environment.

CARV — Frequently Asked Questions

Quick answers to the most common questions about buying CARV stock.

How much cash does Carver Bancorp, Inc. (CARV) generate from operations?

Carver Bancorp, Inc. (CARV) generated $-12.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.

What is Carver Bancorp, Inc.'s free cash flow?

Carver Bancorp, Inc. (CARV) reported negative free cash flow of $12.9M in 2025, indicating capital requirements exceeded cash from operations.

What is Carver Bancorp, Inc.'s capital expenditure (CapEx)?

Carver Bancorp, Inc. (CARV) spent $0.3M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.