← Back to Screener
US Stock Screener
HomeScreensNewsWatchlist
...

Hanover Bancorp, Inc. (HNVR) 10-Year Financial Performance & Capital Metrics

HNVR • • Banking & Credit
Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks
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 $53M -2.6%
  • Total Revenue $148M +30.3%
  • Net Income $12M -18.6%
  • Return on Equity 6.45% -23.7%
  • Net Interest Margin 2.3% -9.4%
  • Efficiency Ratio 31.75% -8.9%
  • ROA 0.55% -27.2%
  • Equity / Assets 8.5% -1.7%
  • Book Value per Share 26.46 +1.3%
  • Tangible BV/Share 23.03 +1.3%
  • Debt/Equity 0.72 -37.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 31.8% efficiency ratio
  • ✓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.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-
5Y30.45%
3Y41.81%
TTM-

Profit (Net Income) CAGR

10Y-
5Y8.84%
3Y4.4%
TTM-6.96%

EPS CAGR

10Y-
5Y-2.97%
3Y-10.04%
TTM-6.75%

ROCE

10Y Avg1.62%
5Y Avg1.55%
3Y Avg1.9%
Latest2.43%

Peer Comparison

Northeast Community Banks
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DCOMDime Community Bancshares, Inc.1.37B31.1356.600.1%4.5%4.02%6.79%0.70
EBCEastern Bankshares, Inc.4.4B19.5629.6491.64%11.17%1.3%6.14%0.01
LYGLloyds Banking Group plc80.5B5.4821.9210.79%11.75%9.93%1.76
CFGCitizens Financial Group, Inc.26.03B60.6120.001.31%12.22%6.6%7.22%0.51
PFSProvident Financial Services, Inc.2.65B20.2919.3263.91%10.13%7.51%16.04%0.93
CBUCommunity Bank System, Inc.3.3B62.7318.2424.44%19.4%10.34%6.71%0.57
VLYValley National Bancorp6.7B12.0217.426.51%10.65%6.53%8.18%0.50
INDBIndependent Bank Corp.3.8B76.6216.956.89%19.72%7.76%5.51%0.23

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Dec 2024
Net Interest Income+000027.12M41.71M61.25M54.49M53.09M
NII Growth %-----0.54%0.47%-0.11%-0.03%
Net Interest Margin %---------
Interest Income000040.13M48.67M68.43M105.04M133.02M
Interest Expense0002.84M13.01M6.97M7.17M50.55M79.93M
Loan Loss Provision000-2.84M1.25M1M4.45M3.43M4.94M
Non-Interest Income+9.5M13.05M19.34M39.27M1.36M3.35M8.87M8.85M15.34M
Non-Interest Income %---------
Total Revenue+9.5M13.05M19.34M39.27M41.5M52.02M77.3M113.89M148.36M
Revenue Growth %-0.37%0.48%1.03%0.06%0.25%0.49%0.47%0.3%
Non-Interest Expense6.46M9.43M12.81M3.27M21.02M30M35.18M39.72M47.11M
Efficiency Ratio---------
Operating Income+3.04M3.92M7.46M11.39M6.21M14.05M30.5M20.19M16.38M
Operating Margin %---------
Operating Income Growth %-0.29%0.91%0.53%-0.45%1.26%1.17%-0.34%-0.19%
Pretax Income+3.04M3.62M6.53M10.33M6.21M14.05M30.5M20.19M16.38M
Pretax Margin %---------
Income Tax+1.07M1.47M1.93M2.24M1.24M3.2M6.94M5.02M4.03M
Effective Tax Rate %---------
Net Income+1.97M2.15M4.6M8.09M4.97M10.85M23.56M15.16M12.35M
Net Margin %---------
Net Income Growth %-0.1%1.14%0.76%-0.38%1.18%1.17%-0.36%-0.19%
Net Income (Continuing)1.97M2.15M4.6M8.09M4.97M10.85M23.56M15.16M12.35M
EPS (Diluted)+0.750.781.361.931.192.283.682.051.66
EPS Growth %-0.04%0.74%0.42%-0.38%0.92%0.61%-0.44%-0.19%
EPS (Basic)0.750.781.361.931.192.323.742.071.67
Diluted Shares Outstanding2.62M2.76M3.38M4.19M4.19M4.76M6.16M7.12M7.43M

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks27.9M34.95M57.1M87.83M80.21M151.25M149.95M192.11M162.86M
Short Term Investments00001000K1000K1000K1000K1000K
Total Investments+00065.73M22.8M24.11M25.46M25.89M2.09B
Investments Growth %-----0.65%0.06%0.06%0.02%79.56%
Long-Term Investments00065.73M16.76M16.36M16.7M15M2.05B
Accounts Receivables00001000K1000K1000K1000K1000K
Goodwill & Intangibles+---------
Goodwill0001.48M1.9M19.17M19.17M19.17M19.17M
Intangible Assets0000177K4.17M4.75M4.81M6.27M
PP&E (Net)0013.84M14.41M14.16M15M14.46M26.25M15.34M
Other Assets334.38M466.41M579.02M10.05M-33M-3.56M-6.04M1.89B6.25M
Total Current Assets27.9M34.95M57.1M95.51M93.01M168.36M162.23M402.95M210.23M
Total Non-Current Assets334.38M466.41M592.87M753.32M33M54.7M46.8M1.96B2.1B
Total Assets+362.28M501.36M649.96M848.84M851.61M1.48B1.84B2.15B2.31B
Asset Growth %-0.38%0.3%0.31%0%0.74%0.24%0.17%0.08%
Return on Assets (ROA)0.01%0%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Accounts Payable0000374K1.29M915K1.82M1.53M
Total Debt+60.39M82.37M124.5M115.73M100.14M184.16M126.32M215.37M141.52M
Net Debt32.48M47.42M67.4M27.89M19.93M32.9M-23.63M22.75M-21.34M
Long-Term Debt60.39M82.37M124.5M115.73M100.14M184.16M126.32M136.61M132.49M
Short-Term Debt000000000
Other Liabilities000435.4M-100.14M01.54B1.82B18.14M
Total Current Liabilities000225.75M374K1.29M915K1.16B1.96B
Total Non-Current Liabilities60.39M82.37M124.5M551.13M100.14M184.16M915K1.96B159.66M
Total Liabilities60.39M82.37M124.5M776.89M773.56M1.36B1.67B1.96B2.12B
Total Equity+32.06M41.78M54.23M71.95M78.04M122.53M172.58M185.91M196.64M
Equity Growth %-0.3%0.3%0.33%0.08%0.57%0.41%0.08%0.06%
Equity / Assets (Capital Ratio)---------
Return on Equity (ROE)0.06%0.06%0.1%0.13%0.07%0.11%0.16%0.08%0.06%
Book Value per Share12.2415.1416.0317.1918.6525.7528.0326.1126.46
Tangible BV per Share---------
Common Stock32.06M41.78M54.23M42K42K56K73K72K72K
Additional Paid-in Capital00062.74M63.73M97.25M126.66M125.5M124.94M
Retained Earnings0009.15M14.12M24.97M46.48M58.69M67.92M
Accumulated OCI00022K156K256K-620K-1.32M-1.33M
Treasury Stock000000000
Preferred Stock00000002.96M5.04M

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Dec 2024
Cash from Operations+0007.96M566K13.19M25.05M16.4M5.9M
Operating CF Growth %-----0.93%22.31%0.9%-0.35%-0.64%
Net Income1.97M2.15M4.6M8.09M4.97M10.85M23.56M15.16M12.35M
Depreciation & Amortization000700K1.35M1.48M1.74M3.49M3.81M
Deferred Taxes0000202K365K1.32M1.2M0
Other Non-Cash Items-1.97M-2.15M-4.6M-3.43M166K-3.83M-3.82M-589K-5.24M
Working Capital Changes0002.19M-6.89M3.43M565K-4.73M-6.6M
Cash from Investing+000-45.82M-7.29M89.85M-374.15M-256.36M-45.82M
Purchase of Investments000-1.89M-5M-4.7M-8M0-622.63M
Sale/Maturity of Investments0001000K1000K1000K1000K352K1000K
Net Investment Activity---------
Acquisitions00014.53M-3.88M26.16M000
Other Investing000-56.73M1.36M64.79M-371.65M-253.31M-23.14M
Cash from Financing+00068.59M-898K-16.71M332.5M282.64M25.57M
Dividends Paid000000-2.04M-2.93M-2.96M
Share Repurchases0000000-170K0
Stock Issued0005.11M112K113K27.73M0-68K
Net Stock Activity---------
Debt Issuance (Net)000-1000K-1000K-1000K-1000K1000K-1000K
Other Financing00077.36M14.58M157.72M364.52M207.41M49.87M
Net Change in Cash+00087.83M-7.62M86.33M-16.6M42.68M-14.35M
Exchange Rate Effect0001000K00000
Cash at Beginning000087.83M80.21M166.54M149.95M177.21M
Cash at End00087.83M80.21M166.54M149.95M192.62M162.86M
Interest Paid000013.17M7.1M7.55M60.86M80.12M
Income Taxes Paid00001.24M1.38M6.47M4.4M4.03M
Free Cash Flow+0006.44M-527K11.11M23.93M12.99M4.61M
FCF Growth %-----1.08%22.09%1.15%-0.46%-0.65%

Banking Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)6.13%5.83%9.58%12.81%6.63%10.82%15.96%8.46%6.45%
Return on Assets (ROA)0.54%0.5%0.8%1.08%0.58%0.93%1.42%0.76%0.55%
Net Interest Margin0%0%0%0%3.18%2.81%3.33%2.54%2.3%
Efficiency Ratio68.01%72.27%66.24%8.34%50.66%57.68%45.51%34.88%31.75%
Equity / Assets8.85%8.33%8.34%8.48%9.16%8.25%9.38%8.65%8.5%
Book Value / Share12.2415.1416.0317.1918.6525.7528.0326.1126.46
NII Growth-----53.78%46.86%-11.04%-2.57%
Dividend Payout------8.67%19.32%23.98%

Revenue by Segment

202120222023
Other Revenue--1.77M
Other Revenue Growth---
Service Charges On Deposit Accounts--275K
Service Charges On Deposit Accounts Growth---
Banking, Loan Fees and Service Charges703K2.88M-
Banking, Loan Fees and Service Charges Growth-310.38%-
Deposit Account127K232K-
Deposit Account Growth-82.68%-
Banking, Loan Servicing Income504K--
Banking, Loan Servicing Income Growth---

Frequently Asked Questions

Valuation & Price

Hanover Bancorp, Inc. (HNVR) has a price-to-earnings (P/E) ratio of 14.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hanover Bancorp, Inc. (HNVR) grew revenue by 30.3% over the past year. This is strong growth.

Yes, Hanover Bancorp, Inc. (HNVR) is profitable, generating $11.4M in net income for fiscal year 2024 (8.3% net margin).

Dividend & Returns

Yes, Hanover Bancorp, Inc. (HNVR) pays a dividend with a yield of 1.69%. This makes it attractive for income-focused investors.

Hanover Bancorp, Inc. (HNVR) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics

Hanover Bancorp, Inc. (HNVR) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

Hanover Bancorp, Inc. (HNVR) has an efficiency ratio of 31.8%. This is excellent, indicating strong cost control.

VCP Scanner

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screens
  • Valuation
  • Compare
  • Total Return
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Twitter
  • Get Early Access
© 2026 VCP Scanner. All rights reserved.
Made with ❤️ for investors
Not financial advice. Do your own research.