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Hanover Bancorp, Inc.(HNVR)Earnings, Financials & Key Ratios
HNVR•NASDAQ•Banking & Credit
$23.30
$167M mkt cap·23.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial real estate and multifamily lenders
AboutHanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.Show more
- Net Interest Income$60M+13.9%
- Total Revenue$143M-3.4%
- Net Income$7M-39.3%
- Return on Equity3.77%-41.5%
- Net Interest Margin2.54%+10.5%
- Efficiency Ratio36.97%+16.4%
- ROA0.32%-42.4%
- Equity / Assets8.4%-1.2%
- Book Value per Share26.78+1.2%
- Tangible BV/Share24.19+5.0%
- Debt/Equity0.68-5.6%
HNVR Key Insights
Hanover Bancorp, Inc. (HNVR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 37.0% efficiency ratio
- ✓Trading near 52-week high
- ✓Trading at only 0.9x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HNVR Price & Volume
Hanover Bancorp, Inc. (HNVR) stock price & volume — 10-year historical chart
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HNVR Growth Metrics
Hanover Bancorp, Inc. (HNVR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years28.13%
3 Years22.85%
TTM-
Profit CAGR
10 Years-
5 Years8.53%
3 Years-31.75%
TTM-39.35%
EPS CAGR
10 Years-
5 Years-3.42%
3 Years-35.23%
TTM-38.76%
Return on Capital
10 Years1.61%
5 Years1.69%
3 Years1.8%
Last Year1.56%
HNVR Recent Earnings
Hanover Bancorp, Inc. (HNVR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
Apr 27, 2026EPS
$0.54
Est $0.53
+1.9%
Revenue
$19M
Est $20M
-2.0%
Q2 2026
Mar 13, 2026EPS
$0.00
Revenue
$35M
Q1 2026
Jan 29, 2026EPS
$0.00
Est $0.51
-99.1%
Revenue
$19M
Est $19M
-1.4%
Q4 2025
Oct 30, 2025EPS
$0.47
Est $0.49
-4.1%
Revenue
$36M
Est $19M
+90.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $0.54vs $0.53+1.9% | $19Mvs $20M-2.0% |
| Q2 2026 | Mar 13, 2026 | $0.00 | $35M |
| Q1 2026 | Jan 29, 2026 | $0.00vs $0.51-99.1% | $19Mvs $19M-1.4% |
| Q4 2025 | Oct 30, 2025 | $0.47vs $0.49-4.1% | $36Mvs $19M+90.8% |
Based on last 12 quarters of dataView full earnings history →
HNVR Peer Comparison
Hanover Bancorp, Inc. (HNVR) competitors in Commercial real estate and multifamily lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DCOM | 1.64B | 37.19 | 15.69 | 13.03% | 7.67% | 0.25 | ||
 CZWI | 202.59M | 21.04 | 14.41 | -9.41% | 7.81% | 0.28 | ||
 NECB | 337.14M | 24.37 | 7.50 | -1.55% | 13.07% | 0.21 | ||
 FXNC | 248.63M | 27.50 | 14.03 | 27.11% | 9.98% | 0.23 | ||
 MNSB | 175.12M | 23.36 | 13.27 | -1.44% | 7.26% | 0.32 | ||
 BWFG | 417.32M | 52.34 | 11.76 | 6.13% | 12.21% | 0.60 | ||
 PBFS | 366.37M | 14.61 | 19.22 | -10.72% | 6.43% | |||
 CHMG | 322.44M | 67.05 | 21.42 | -6.46% | 6.27% | 0.02 |
Compare HNVR vs Peers
Hanover Bancorp, Inc. (HNVR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HNVR Income Statement
Hanover Bancorp, Inc. (HNVR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 27.12M | 41.71M | 61.25M | 54.49M | 53.09M | 60.48M |
| NII Growth % | - | - | - | - | 53.78% | 46.86% | -11.04% | -2.57% | 13.91% |
| Net Interest Margin % | 0% | 0% | 0% | 3.18% | 2.81% | 3.33% | 2.54% | 2.3% | 2.54% |
| Interest Income | 0 | 0 | 0 | 40.13M | 48.67M | 68.43M | 105.04M | 133.02M | 130.48M |
| Interest Expense | 0 | 0 | 2.84M | 13.01M | 6.97M | 7.17M | 50.55M | 79.93M | 70M |
| Loan Loss Provision | 0 | 0 | -2.84M | 1.25M | 1M | 4.45M | 3.43M | 4.94M | 10.38M |
| Non-Interest Income | 13.05M | 19.34M | 39.27M | 1.36M | 3.35M | 8.87M | 8.85M | 15.34M | 12.84M |
| Non-Interest Income % | 100% | 100% | 100% | 3.29% | 6.44% | 11.48% | 7.77% | 10.34% | 8.96% |
| Total Revenue | 13.05M▲ 0% | 19.34M▲ 48.2% | 39.27M▲ 103.0% | 41.5M▲ 5.7% | 52.02M▲ 25.4% | 77.3M▲ 48.6% | 113.89M▲ 47.3% | 148.36M▲ 30.3% | 143.32M▼ 3.4% |
| Revenue Growth % | 37.3% | 48.2% | 103.05% | 5.68% | 25.37% | 48.59% | 47.33% | 30.27% | -3.4% |
| Non-Interest Expense | 9.43M | 12.81M | 3.27M | 21.02M | 30M | 35.18M | 39.72M | 47.11M | 52.98M |
| Efficiency Ratio | 72.27% | 66.24% | 8.34% | 50.66% | 57.68% | 45.51% | 34.88% | 31.75% | 36.97% |
| Operating Income | 3.92M▲ 0% | 7.46M▲ 90.5% | 11.39M▲ 52.7% | 6.21M▼ 45.4% | 14.05M▲ 126.1% | 30.5M▲ 117.0% | 20.19M▼ 33.8% | 16.38M▼ 18.9% | 9.95M▼ 39.2% |
| Operating Margin % | 30% | 38.57% | 29.01% | 14.97% | 27.01% | 39.45% | 17.72% | 11.04% | 6.95% |
| Operating Income Growth % | 28.78% | 90.52% | 52.71% | -45.45% | 126.13% | 117.02% | -33.8% | -18.86% | -39.23% |
| Pretax Income | 3.62M▲ 0% | 6.53M▲ 80.4% | 10.33M▲ 58.2% | 6.21M▼ 39.8% | 14.05M▲ 126.1% | 30.5M▲ 117.0% | 20.19M▼ 33.8% | 16.38M▼ 18.9% | 9.95M▼ 39.2% |
| Pretax Margin % | 27.73% | 33.76% | 26.3% | 14.97% | 27.01% | 39.45% | 17.72% | 11.04% | 6.95% |
| Income Tax | 1.47M | 1.93M | 2.24M | 1.24M | 3.2M | 6.94M | 5.02M | 4.03M | 2.47M |
| Effective Tax Rate % | 40.52% | 29.52% | 21.73% | 19.95% | 22.78% | 22.75% | 24.88% | 24.62% | 24.77% |
| Net Income | 2.15M▲ 0% | 4.6M▲ 113.8% | 8.09M▲ 75.7% | 4.97M▼ 38.5% | 10.85M▲ 118.2% | 23.56M▲ 117.1% | 15.16M▼ 35.6% | 12.35M▼ 18.6% | 7.49M▼ 39.3% |
| Net Margin % | 16.49% | 23.79% | 20.59% | 11.99% | 20.86% | 30.47% | 13.31% | 8.32% | 5.22% |
| Net Income Growth % | 9.52% | 113.8% | 75.72% | -38.48% | 118.15% | 117.09% | -35.63% | -18.58% | -39.35% |
| Net Income (Continuing) | 2.15M | 4.6M | 8.09M | 4.97M | 10.85M | 23.56M | 15.16M | 12.35M | 7.49M |
| EPS (Diluted) | 0.78▲ 0% | 1.36▲ 74.4% | 1.93▲ 41.9% | 1.19▼ 38.3% | 2.28▲ 91.6% | 3.68▲ 61.4% | 2.05▼ 44.3% | 1.66▼ 19.0% | 1.00▼ 39.8% |
| EPS Growth % | 4% | 74.36% | 41.91% | -38.34% | 91.6% | 61.4% | -44.29% | -19.02% | -39.76% |
| EPS (Basic) | 0.78 | 1.36 | 1.93 | 1.19 | 2.32 | 3.74 | 2.07 | 1.67 | 1.00 |
| Diluted Shares Outstanding | 2.76M | 3.38M | 4.19M | 4.19M | 4.76M | 6.16M | 7.12M | 7.43M | 7.48M |
HNVR Balance Sheet
Hanover Bancorp, Inc. (HNVR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 34.95M | 57.1M | 87.83M | 86.24M | 159M | 162.23M | 192.62M | 195M | 195.34M |
| Cash & Due from Banks | 34.95M | 57.1M | 87.83M | 80.21M | 151.25M | 149.95M | 192.11M | 162.86M | 208.9M |
| Short Term Investments | 0 | 0 | 0 | 6.04M | 7.75M | 12.29M | 10.89M | 32.15M | 36.93M |
| Total Investments | 0 | 0 | 65.73M | 22.8M | 24.11M | 25.46M | 25.89M | 2.09B | 2.09B |
| Investments Growth % | - | - | - | -65.32% | 5.74% | 5.6% | 1.69% | 7956.25% | 0.17% |
| Long-Term Investments | 0 | 0 | 65.73M | 16.76M | 16.36M | 16.7M | 15M | 2.05B | 2.05B |
| Accounts Receivables | 0 | 0 | 0 | 6.77M | 9.36M | 8.55M | 10.64M | 11.85M | 11.78M |
| Goodwill & Intangibles | 0 | 0 | 1.48M | 2.08M | 23.34M | 23.92M | 23.97M | 25.43M | 19.36M |
| Goodwill | 0 | 0 | 1.48M | 1.9M | 19.17M | 19.17M | 19.17M | 19.17M | 19.17M |
| Intangible Assets | 0 | 0 | 0 | 177K | 4.17M | 4.75M | 4.81M | 6.27M | 196K |
| PP&E (Net) | 0 | 13.84M | 14.41M | 14.16M | 15M | 14.46M | 26.25M | 15.34M | 24.17M |
| Other Assets | 466.41M | 579.02M | 10.05M | -33M | -3.56M | -6.04M | 1.89B | 6.25M | 78.75M |
| Total Current Assets | 34.95M | 57.1M | 95.51M | 93.01M | 168.36M | 162.23M | 402.95M | 210.23M | 208.9M |
| Total Non-Current Assets | 466.41M | 592.87M | 753.32M | 33M | 54.7M | 46.8M | 1.96B | 2.1B | 2.17B |
| Total Assets | 501.36M▲ 0% | 649.96M▲ 29.6% | 848.84M▲ 30.6% | 851.61M▲ 0.3% | 1.48B▲ 74.3% | 1.84B▲ 23.9% | 2.15B▲ 16.8% | 2.31B▲ 7.6% | 2.38B▲ 3.1% |
| Asset Growth % | 38.39% | 29.64% | 30.6% | 0.33% | 74.33% | 23.94% | 16.82% | 7.56% | 3.07% |
| Return on Assets (ROA) | 0.5% | 0.8% | 1.08% | 0.58% | 0.93% | 1.42% | 0.76% | 0.55% | 0.32% |
| Accounts Payable | 0 | 0 | 0 | 374K | 1.29M | 915K | 1.82M | 1.53M | 1.74M |
| Total Debt | 82.37M | 124.5M | 115.73M | 100.14M | 184.16M | 126.32M | 215.37M | 141.52M | 136.03M |
| Net Debt | 47.42M | 67.4M | 27.89M | 19.93M | 32.9M | -23.63M | 22.75M | -21.34M | -83.44M |
| Long-Term Debt | 82.37M | 124.5M | 115.73M | 100.14M | 184.16M | 126.32M | 136.61M | 132.49M | 125.47M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 435.4M | -100.14M | 0 | 1.54B | 1.82B | 18.14M | 576.21M |
| Total Current Liabilities | 0 | 0 | 225.75M | 374K | 1.29M | 915K | 1.16B | 1.96B | 1.46B |
| Total Non-Current Liabilities | 82.37M | 124.5M | 551.13M | 100.14M | 184.16M | 915K | 1.96B | 159.66M | 722.81M |
| Total Liabilities | 82.37M | 124.5M | 776.89M | 773.56M | 1.36B | 1.67B | 1.96B | 2.12B | 2.18B |
| Total Equity | 41.78M▲ 0% | 54.23M▲ 29.8% | 71.95M▲ 32.7% | 78.04M▲ 8.5% | 122.53M▲ 57.0% | 172.58M▲ 40.9% | 185.91M▲ 7.7% | 196.64M▲ 5.8% | 200.27M▲ 1.8% |
| Equity Growth % | 30.3% | 29.81% | 32.68% | 8.47% | 57% | 40.85% | 7.72% | 5.77% | 1.85% |
| Equity / Assets (Capital Ratio) | 8.33% | 8.34% | 8.48% | 9.16% | 8.25% | 9.38% | 8.65% | 8.5% | 8.4% |
| Return on Equity (ROE) | 5.83% | 9.58% | 12.81% | 6.63% | 10.82% | 15.96% | 8.46% | 6.45% | 3.77% |
| Book Value per Share | 15.14 | 16.03 | 17.19 | 18.65 | 25.75 | 28.03 | 26.11 | 26.46 | 26.78 |
| Tangible BV per Share | 15.14 | 16.03 | 16.84 | 18.15 | 20.84 | 24.14 | 22.74 | 23.03 | 24.19 |
| Common Stock | 41.78M | 54.23M | 42K | 42K | 56K | 73K | 72K | 72K | 71K |
| Additional Paid-in Capital | 0 | 0 | 62.74M | 63.73M | 97.25M | 126.66M | 125.5M | 124.94M | 123.43M |
| Retained Earnings | 0 | 0 | 9.15M | 14.12M | 24.97M | 46.48M | 58.69M | 67.92M | 72.4M |
| Accumulated OCI | 0 | 0 | 22K | 156K | 256K | -620K | -1.32M | -1.33M | -680K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 2.96M | 5.04M | 5.04M |
HNVR Cash Flow Statement
Hanover Bancorp, Inc. (HNVR) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 0 | 0 | 7.96M | 566K | 13.19M | 25.05M | 16.4M | 5.9M | 13.05M |
| Operating CF Growth % | - | - | - | -92.89% | 2230.74% | 89.88% | -34.52% | -64.03% | 121.24% |
| Net Income | 2.15M | 4.6M | 8.09M | 4.97M | 10.85M | 23.56M | 15.16M | 12.35M | 7.49M |
| Depreciation & Amortization | 0 | 0 | 700K | 1.35M | 1.48M | 1.74M | 3.49M | 3.81M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 202K | 365K | 1.32M | 1.2M | 0 | 0 |
| Other Non-Cash Items | -2.15M | -4.6M | -3.43M | 166K | -3.83M | -3.82M | -589K | -5.24M | 8.42M |
| Working Capital Changes | 0 | 0 | 2.19M | -6.89M | 3.43M | 565K | -4.73M | -6.6M | -2.86M |
| Cash from Investing | 0 | 0 | -45.82M | -7.29M | 89.85M | -374.15M | -256.36M | -45.82M | -27.95M |
| Purchase of Investments | 0 | 0 | -1.89M | -5M | -4.7M | -8M | 0 | -622.63M | 0 |
| Sale/Maturity of Investments | 0 | 0 | 2.05M | 1.32M | 5.68M | 6.63M | 352K | 601.25M | 0 |
| Net Investment Activity | 0 | 0 | 158K | -3.68M | 978K | -1.37M | 352K | -21.38M | 0 |
| Acquisitions | 0 | 0 | 14.53M | -3.88M | 26.16M | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | -56.73M | 1.36M | 64.79M | -371.65M | -253.31M | -23.14M | -27.95M |
| Cash from Financing | 0 | 0 | 68.59M | -898K | -16.71M | 332.5M | 282.64M | 25.57M | 60.94M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -2.04M | -2.93M | -2.96M | -3.01M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -170K | 0 | -1.83M |
| Stock Issued | 0 | 0 | 5.11M | 112K | 113K | 27.73M | 0 | -68K | -468K |
| Net Stock Activity | 0 | 0 | 5.11M | 112K | 113K | 27.73M | -170K | -68K | -2.3M |
| Debt Issuance (Net) | 0 | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K |
| Other Financing | 0 | 0 | 77.36M | 14.58M | 157.72M | 364.52M | 207.41M | 49.87M | 73.33M |
| Net Change in Cash | 0▲ 0% | 0▲ 0% | 87.83M▲ 0% | -7.62M▼ 108.7% | 86.33M▲ 1232.7% | -16.6M▼ 119.2% | 42.68M▲ 357.1% | -14.35M▼ 133.6% | 46.05M▲ 420.9% |
| Exchange Rate Effect | 0 | 0 | 57.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 0 | 0 | 87.83M | 80.21M | 166.54M | 149.95M | 177.21M | 162.86M |
| Cash at End | 0 | 0 | 87.83M | 80.21M | 166.54M | 149.95M | 192.62M | 162.86M | 208.9M |
| Interest Paid | 0 | 0 | 0 | 13.17M | 7.1M | 7.55M | 60.86M | 80.12M | 69.79M |
| Income Taxes Paid | 0 | 0 | 0 | 1.24M | 1.38M | 6.47M | 4.4M | 4.03M | 2.58M |
| Free Cash Flow | 0▲ 0% | 0▲ 0% | 6.44M▲ 0% | -527K▼ 108.2% | 11.11M▲ 2208.7% | 23.93M▲ 115.3% | 12.99M▼ 45.7% | 4.61M▼ 64.5% | 13.05M▲ 183.3% |
| FCF Growth % | - | - | - | -108.18% | 2208.73% | 115.31% | -45.69% | -64.55% | 183.29% |
HNVR Banking Ratios
Hanover Bancorp, Inc. (HNVR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 6.13% | 5.83% | 9.58% | 12.81% | 6.63% | 10.82% | 15.96% | 8.46% | 6.45% | 3.77% |
| Return on Assets (ROA) | 0.54% | 0.5% | 0.8% | 1.08% | 0.58% | 0.93% | 1.42% | 0.76% | 0.55% | 0.32% |
| Net Interest Margin | 0% | 0% | 0% | 0% | 3.18% | 2.81% | 3.33% | 2.54% | 2.3% | 2.54% |
| Efficiency Ratio | 68.01% | 72.27% | 66.24% | 8.34% | 50.66% | 57.68% | 45.51% | 34.88% | 31.75% | 36.97% |
| Equity / Assets | 8.85% | 8.33% | 8.34% | 8.48% | 9.16% | 8.25% | 9.38% | 8.65% | 8.5% | 8.4% |
| Book Value / Share | 12.24 | 15.14 | 16.03 | 17.19 | 18.65 | 25.75 | 28.03 | 26.11 | 26.46 | 26.78 |
| NII Growth | - | - | - | - | - | 53.78% | 46.86% | -11.04% | -2.57% | 13.91% |
| Dividend Payout | - | - | - | - | - | - | 8.67% | 19.32% | 23.98% | 40.18% |
HNVR SEC Filings & Documents
Hanover Bancorp, Inc. (HNVR) SEC filings — annual & quarterly reports (10-K, 10-Q)
HNVR Frequently Asked Questions
Hanover Bancorp, Inc. (HNVR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hanover Bancorp, Inc. (HNVR) saw revenue decline by 3.4% over the past year.
Yes, Hanover Bancorp, Inc. (HNVR) is profitable, generating $7.5M in net income for fiscal year 2025 (5.2% net margin).
Dividend & Returns
Yes, Hanover Bancorp, Inc. (HNVR) pays a dividend with a yield of 1.73%. This makes it attractive for income-focused investors.
Hanover Bancorp, Inc. (HNVR) has a return on equity (ROE) of 3.8%. This is below average, suggesting room for improvement.
Industry Metrics
Hanover Bancorp, Inc. (HNVR) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.
Hanover Bancorp, Inc. (HNVR) has an efficiency ratio of 37.0%. This is excellent, indicating strong cost control.
Explore More HNVR
Hanover Bancorp, Inc. (HNVR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates