Carver Bancorp, Inc. (CARV) Balance Sheet
CARV balance sheet, FY2026
March 31, 2026 · U.S. dollars$671.2M assets = $646.5M liabilities + $24.7M equity
Both columns are drawn to the same scale: what CARV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CARV financial health
Descriptive bands, not a rating. Fiscal FY2026.
CARV balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $687.9MFY2017 | $671.2MFY2026 | −0.3%/yr | |
| Total liabilities | $640.5MFY2017 | $646.5MFY2026 | +0.1%/yr | |
| Shareholders’ equity | $47.4MFY2017 | $24.7MFY2026 | −7.0%/yr | |
| Cash & short-term investments | $133.6MFY2017 | $45.8MFY2026 | −11.2%/yr | |
| Total debt | $108.4MFY2017 | $51.8MFY2026 | −7.9%/yr | |
| Net cash (debt) | $25.2MFY2017 | −$6.0MFY2026 | −$31.2M | |
| Working capital | −$489.3MFY2017 | $39.8MFY2026 | +$529.1M | |
| Book value per share | $12.82FY2017 | $4.65FY2026 | −10.7%/yr | |
| Debt / equity | 2.29FY2017 | 2.10FY2026 | −0.19 | |
| Shares outstanding | 3.7MFY2017 | 5.3MFY2026 | +4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CARV assets
CARV liabilities and equity
CARV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CARV balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $45.8M | $94.0M | $107.1M | $96.4M | $128.6M | $162.1M | $113.4M | $111.1M | $195.3M | $133.6M |
| Cash & equivalents | $45.8M | $50.3M | $59.0M | $42.6M | $61.0M | $75.6M | $47.5M | $31.2M | $134.6M | $58.7M |
| Short-term investments | $21.7M | $43.7M | $48.0M | $53.8M | $67.6M | $86.5M | $65.8M | $79.8M | $60.7M | $59.0M |
| Receivables | $3.2M | $3.0M | $3.7M | $1.9M | $2.4M | $2.6M | $2.1M | $2.0M | $2.0M | $1.6M |
| Inventory | $0 | $0 | −$6.1M | −$46.4M | −$63.5M | −$78.3M | −$49.7M | −$33.7M | −$334.5M | $990,000 |
| Other current assets | $0 | $0 | $6.1M | $46.4M | $63.5M | $78.3M | $49.7M | $33.7M | $334.5M | $0 |
| Total current assets | $49.0M | $97.0M | $110.7M | $98.3M | $131.0M | $164.7M | $115.4M | $113.1M | $197.3M | $132.7M |
| Property, plant & equipment (net) | $7.4M | $10.3M | $12.4M | $15.5M | $17.4M | $20.0M | $23.0M | $5.1M | $3.0M | $0 |
| Goodwill & intangible assets | $0 | $0 | $140,000 | $152,000 | $162,000 | $147,000 | $145,000 | $180,000 | $181,000 | $192,000 |
| Long-term investments | $43.8M | $46.3M | $50.0M | $56.2M | $72.8M | $572.7M | $499.8M | $424.2M | $472.6M | $541.4M |
| Other non-current assets | $571.1M | $576.5M | $583.5M | $553.1M | $513.9M | $0 | $0 | $21.2M | $20.8M | $13.5M |
| Total assets | $671.2M | $730.0M | $756.8M | $723.2M | $735.3M | $676.7M | $578.8M | $563.7M | $693.9M | $687.9M |
| Liabilities | ||||||||||
| Accounts payable | — | $5.7M | $3.3M | $1.5M | $499,000 | $7.7M | $739,000 | $563,000 | $393,000 | $579.2M |
| Short-term debt | $9.2M | $4.7M | $30.8M | $3.0M | $2.6M | $2.7M | $69,000 | $8.0M | $6.0M | $49.4M |
| Deferred revenue | — | — | −$3.3M | −$262.8M | −$318.2M | −$250.4M | −$170.2M | −$322.9M | −$413.0M | — |
| Total current liabilities | $9.2M | $661.8M | $647.0M | $600.4M | $628.1M | $556.6M | $488.8M | $563,000 | $586.9M | $622.1M |
| Long-term debt | $45.5M | $20.2M | $46.5M | $51.1M | $15.9M | $37.2M | $13.6M | $13.4M | $13.4M | $18.4M |
| Lease obligations | $6.2M | $8.9M | $10.6M | $13.2M | $14.4M | $16.0M | $18.2M | — | — | — |
| Other long-term liabilities | $591.8M | $18.3M | $21.0M | $26.5M | $36.2M | $30.7M | $27.5M | $8.0M | $41.7M | $0 |
| Total liabilities | $646.5M | $700.4M | $714.5M | $678.0M | $680.2M | $624.4M | $529.9M | $516.6M | $641.9M | $640.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $84,000 | $78,000 | $77,000 | $68,000 | $67,000 | $58,000 | $61,000 | $61,000 | $61,000 | $61,000 |
| Retained earnings (deficit) | −$72.1M | −$65.3M | −$51.5M | −$47.9M | −$43.5M | −$42.7M | −$52.3M | −$52.2M | −$45.5M | −$50.9M |
| Treasury stock | — | — | — | — | — | −$2.9M | −$408,000 | −$417,000 | −$417,000 | −$417,000 |
| Accumulated other comprehensive income | −$10.9M | −$12.0M | −$12.7M | −$12.2M | −$6.7M | −$3.2M | $932,000 | −$939,000 | −$2.7M | −$2.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $24.7M | $29.6M | $42.3M | $45.2M | $55.1M | $52.3M | $48.9M | $47.1M | $52.0M | $47.4M |
| Key figures | ||||||||||
| Total debt | $51.8M | $29.1M | $57.2M | $64.3M | $30.3M | $53.2M | $31.7M | $21.4M | $38.4M | $108.4M |
| Net cash (debt) | −$6.0M | $64.9M | $49.9M | $32.1M | $98.3M | $108.9M | $81.6M | $89.7M | $156.9M | $25.2M |
| Working capital | $39.8M | −$564.9M | −$536.3M | −$502.1M | −$497.1M | −$391.8M | −$373.4M | $112.5M | −$389.6M | −$489.3M |
| Tangible book value | $24.7M | $29.6M | $42.2M | $45.1M | $54.9M | $52.2M | $48.7M | $47.0M | $51.8M | $47.2M |
| Book value per share | $4.65 | $5.71 | $8.73 | $10.57 | $15.35 | $15.32 | $13.22 | $12.74 | $14.04 | $12.82 |
| Shares outstanding | 5.3M | 5.2M | 4.8M | 4.3M | 3.6M | 3.4M | 3.7M | 3.7M | 3.7M | 3.7M |
| Current ratio | 5.33 | 0.15 | 0.17 | 0.16 | 0.21 | 0.30 | 0.24 | 200.87 | 0.34 | 0.21 |
| Quick ratio | 5.33 | 0.15 | 0.17 | 0.16 | 0.21 | 0.30 | 0.24 | 200.87 | 0.34 | 0.22 |
| Debt / equity | 2.10 | 0.98 | 1.35 | 1.42 | 0.55 | 1.02 | 0.65 | 0.45 | 0.74 | 2.29 |
| Equity / assets | 3.7% | 4.1% | 5.6% | 6.3% | 7.5% | 7.7% | 8.4% | 8.4% | 7.5% | 6.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $82.5M | $45.8M | $88.7M | $63.3M | $66.5M | $94.0M | $94.1M | $102.7M | $93.3M | $107.1M | $124.3M | $99.8M |
| Cash & equivalents | $40.8M | $45.8M | $45.9M | $40.7M | $43.8M | $50.3M | $50.0M | $54.5M | $46.3M | $59.0M | $75.2M | $52.2M |
| Short-term investments | $41.7M | $21.7M | $42.9M | $22.6M | $22.6M | $43.7M | $44.1M | $48.1M | $46.9M | $48.0M | $49.1M | $47.6M |
| Receivables | $2.7M | $3.2M | $3.0M | $3.1M | $3.3M | $3.0M | $2.5M | $4.9M | $3.7M | $3.4M | $2.4M | $2.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $54.9M | $0 | −$128.3M | $550.8M |
| Other current assets | $0 | $0 | $0 | $609.4M | $0 | $0 | $0 | $0 | $0 | — | $128.3M | $0 |
| Total current assets | $85.2M | $49.0M | $91.8M | $675.9M | $69.7M | $97.0M | $96.5M | $107.5M | $97.0M | — | $126.8M | $101.9M |
| Property, plant & equipment (net) | $6.7M | $7.4M | $8.1M | $8.9M | $9.6M | $10.3M | $11.1M | $11.8M | $11.7M | $12.4M | $13.1M | $13.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $43.2M | $43.8M | $44.5M | $45.7M | $45.5M | $46.3M | $45.9M | $50.0M | $48.9M | $50.0M | $51.2M | $49.8M |
| Other non-current assets | $517.9M | $571.1M | $546.3M | $0 | $588.8M | $576.5M | $574.0M | $579.4M | $589.0M | $694.3M | $584.2M | $577.2M |
| Total assets | $653.0M | $671.2M | $690.6M | $697.9M | $713.6M | $730.0M | $727.5M | $748.8M | $746.5M | $756.8M | $775.3M | $742.8M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | $3.3M | — | — | — |
| Short-term debt | — | $9.2M | — | $1.4M | $2.2M | $4.7M | $759,000 | $1.5M | $2.0M | — | $754,000 | $11.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$3.3M | — | — | — |
| Total current liabilities | $571.8M | $9.2M | $574.7M | $7.5M | $645.5M | $661.8M | $636.9M | $650.8M | $638.5M | — | $662.8M | $630.5M |
| Long-term debt | $39.5M | $45.5M | $68.5M | $27.5M | $21.3M | $20.2M | $38.3M | $38.3M | $48.3M | $46.5M | $46.6M | $46.6M |
| Lease obligations | $5.6M | $6.2M | $6.9M | $7.5M | $8.2M | $8.9M | $9.5M | $10.2M | $10.0M | $10.6M | $11.3M | $11.9M |
| Other long-term liabilities | $18.3M | $591.8M | $22.0M | $17.9M | $18.2M | $18.3M | $20.0M | $19.8M | $19.9M | — | $23.2M | $26.1M |
| Total liabilities | $629.6M | $646.5M | $665.2M | $671.0M | $685.1M | $700.4M | $695.3M | $708.9M | $706.6M | $714.5M | $732.6M | $703.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $87,000 | $84,000 | $79,000 | $78,000 | $78,000 | $78,000 | $78,000 | $77,000 | $77,000 | — | $76,000 | $75,000 |
| Retained earnings (deficit) | −$73.9M | −$72.1M | −$70.6M | −$68.9M | −$66.5M | −$65.3M | −$61.5M | −$55.9M | −$53.8M | −$51.5M | −$51.6M | −$51.6M |
| Accumulated other comprehensive income | −$10.9M | −$10.9M | −$10.8M | −$11.0M | −$11.8M | −$12.0M | −$13.0M | −$10.8M | −$13.0M | — | −$12.3M | −$15.3M |
| Total shareholders' equity | $23.4M | $24.7M | $25.4M | $26.9M | $28.5M | $29.6M | $32.3M | $39.9M | $39.9M | $42.3M | $42.7M | $39.7M |
| Key figures | ||||||||||||
| Total debt | $45.1M | $51.8M | $75.4M | $35.1M | $29.5M | $29.1M | $47.8M | $48.5M | $58.3M | $46.5M | $57.8M | $58.5M |
| Net cash (debt) | $37.4M | −$6.0M | $13.3M | $28.2M | $36.9M | $64.9M | $46.3M | $54.2M | $35.0M | $60.5M | $66.5M | $41.4M |
| Working capital | −$486.6M | $39.8M | −$483.0M | $668.3M | −$575.8M | −$564.9M | −$540.4M | −$543.3M | −$541.5M | — | −$536.1M | −$528.5M |
| Tangible book value | $23.4M | $24.7M | $25.4M | $26.9M | $28.5M | $29.6M | $32.3M | $39.9M | $39.9M | $42.3M | $42.7M | $39.7M |
| Book value per share | $3.78 | $4.23 | $4.76 | $5.10 | $5.40 | $5.60 | $6.22 | $7.76 | $7.75 | $8.23 | $6.66 | $8.24 |
| Shares outstanding | 6.2M | 5.8M | 5.3M | 5.3M | 5.3M | 5.3M | 5.2M | 5.1M | 5.1M | 5.1M | 6.4M | 4.8M |
| Current ratio | 0.15 | 5.33 | 0.16 | 89.77 | 0.11 | 0.15 | 0.15 | 0.17 | 0.15 | — | 0.19 | 0.16 |
| Quick ratio | 0.15 | 5.33 | 0.16 | 8.82 | 0.11 | 0.15 | 0.15 | 0.17 | 0.15 | — | 0.19 | 0.16 |
| Debt / equity | 1.93 | 2.10 | 2.97 | 1.30 | 1.03 | 0.98 | 1.48 | 1.22 | 1.46 | 1.10 | 1.35 | 1.47 |
| Equity / assets | 3.6% | 3.7% | 3.7% | 3.9% | 4.0% | 4.1% | 4.4% | 5.3% | 5.3% | 5.6% | 5.5% | 5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
CARV financial position
At the end of fiscal 2026 (March 31, 2026), Carver Bancorp had total assets of $671.2 million (down 8.1% from a year earlier), total liabilities of $646.5 million and shareholders' equity of $24.7 million. It held $45.8 million in cash and short-term investments against $51.8 million of debt, net debt of $6.0 million. Its current ratio was 5.33. In the latest quarter (ended June 30, 2026) total assets were $653.0 million and equity $23.4 million.
Related: CARV income statement, CARV cash flow statement, CARV key metrics. See the CARV stock overview for the latest quote and news.
CARV balance sheet FAQ
What are Carver Bancorp's total assets?
Carver Bancorp reported total assets of $671.2 million at the end of fiscal 2026 (March 31, 2026), compared with $730.0 million a year earlier.
How much debt does Carver Bancorp have?
Carver Bancorp had $51.8 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.10.
How much cash does Carver Bancorp have?
Carver Bancorp held $45.8 million in cash and short-term investments at the end of fiscal 2026; with $51.8 million of debt that is net debt of $6.0 million.
What is Carver Bancorp's book value?
Carver Bancorp's shareholders' equity (book value) was $24.7 million at the end of fiscal 2026, or $4.65 per share.
What is Carver Bancorp's current ratio?
Carver Bancorp had current assets of $49.0 million and current liabilities of $9.2 million, a current ratio of 5.33 (it can cover its short-term obligations).