The bank maintains a thin capital cushion with an equity-to-assets ratio consistently between 0.08 and 0.09, which may limit flexibility given the $6.1 million spike in credit loss provisions.
| Cash & Short Term Investments | 195.34M | 195M | 192.62M | 162.23M | 159M | 86.24M | 87.83M | 57.1M | 34.95M | 27.9M |
| Cash & Due from Banks | 208.9M | 162.86M | 192.11M | 149.95M | 151.25M | 80.21M | 87.83M | 57.1M | 34.95M | 27.9M |
| Short Term Investments | 36.93M | 32.15M | 10.89M | 12.29M | 7.75M | 6.04M | 0 | 0 | 0 | 0 |
| Total Investments | 2.09B | 2.09B | 25.89M | 25.46M | 24.11M | 22.8M | 65.73M | 0 | 0 | 0 |
| Investments Growth % | 0.17% | 7956.25% | 1.69% | 5.6% | 5.74% | -65.32% | - | - | - | - |
| Long-Term Investments | 2.05B | 2.05B | 15M | 16.7M | 16.36M | 16.76M | 65.73M | 0 | 0 | 0 |
| Accounts Receivables | 11.78M | 11.85M | 10.64M | 8.55M | 9.36M | 6.77M | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 19.36M | 25.43M | 23.97M | 23.92M | 23.34M | 2.08M | 1.48M | 0 | 0 | 0 |
| Goodwill | 19.17M | 19.17M | 19.17M | 19.17M | 19.17M | 1.9M | 1.48M | 0 | 0 | 0 |
| Intangible Assets | 196K | 6.27M | 4.81M | 4.75M | 4.17M | 177K | 0 | 0 | 0 | 0 |
| PP&E (Net) | 24.17M | 15.34M | 26.25M | 14.46M | 15M | 14.16M | 14.41M | 13.84M | 0 | 0 |
| Other Assets | 78.75M | 6.25M | 1.89B | -6.04M | -3.56M | -33M | 10.05M | 579.02M | 466.41M | 334.38M |
| Total Current Assets | 208.9M | 210.23M | 402.95M | 162.23M | 168.36M | 93.01M | 95.51M | 57.1M | 34.95M | 27.9M |
| Total Non-Current Assets | 2.17B | 2.1B | 1.96B | 46.8M | 54.7M | 33M | 753.32M | 592.87M | 466.41M | 334.38M |
| Total Assets | 2.38B | 2.31B | 2.15B | 1.84B | 1.48B | 851.61M | 848.84M | 649.96M | 501.36M | 362.28M |
| Asset Growth % | 3.07% | 7.56% | 16.82% | 23.94% | 74.33% | 0.33% | 30.6% | 29.64% | 38.39% | - |
| Return on Assets (ROA) | 0.32% | 0.55% | 0.76% | 1.42% | 0.93% | 0.58% | 1.08% | 0.8% | 0.5% | 0.54% |
| Accounts Payable | 1.74M | 1.53M | 1.82M | 915K | 1.29M | 374K | 0 | 0 | 0 | 0 |
| Total Debt | 136.03M | 141.52M | 215.37M | 126.32M | 184.16M | 100.14M | 115.73M | 124.5M | 82.37M | 60.39M |
| Net Debt | -83.44M | -21.34M | 22.75M | -23.63M | 32.9M | 19.93M | 27.89M | 67.4M | 47.42M | 32.48M |
| Long-Term Debt | 125.47M | 132.49M | 136.61M | 126.32M | 184.16M | 100.14M | 115.73M | 124.5M | 82.37M | 60.39M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 576.21M | 18.14M | 1.82B | 1.54B | 0 | -100.14M | 435.4M | 0 | 0 | 0 |
| Total Current Liabilities | 1.46B | 1.96B | 1.16B | 915K | 1.29M | 374K | 225.75M | 0 | 0 | 0 |
| Total Non-Current Liabilities | 722.81M | 159.66M | 1.96B | 915K | 184.16M | 100.14M | 551.13M | 124.5M | 82.37M | 60.39M |
| Total Liabilities | 2.18B | 2.12B | 1.96B | 1.67B | 1.36B | 773.56M | 776.89M | 124.5M | 82.37M | 60.39M |
| Total Equity | 200.27M | 196.64M | 185.91M | 172.58M | 122.53M | 78.04M | 71.95M | 54.23M | 41.78M | 32.06M |
| Equity Growth % | 1.85% | 5.77% | 7.72% | 40.85% | 57% | 8.47% | 32.68% | 29.81% | 30.3% | - |
| Equity / Assets (Capital Ratio) | 8.4% | 8.5% | 8.65% | 9.38% | 8.25% | 9.16% | 8.48% | 8.34% | 8.33% | 8.85% |
| Return on Equity (ROE) | 3.77% | 6.45% | 8.46% | 15.96% | 10.82% | 6.63% | 12.81% | 9.58% | 5.83% | 6.13% |
| Book Value per Share | 26.78 | 26.46 | 26.11 | 28.03 | 25.75 | 18.65 | 17.19 | 16.03 | 15.14 | 12.24 |
| Tangible BV per Share | 24.19 | 23.03 | 22.74 | 24.14 | 20.84 | 18.15 | 16.84 | 16.03 | 15.14 | 12.24 |
| Common Stock | 71K | 72K | 72K | 73K | 56K | 42K | 42K | 54.23M | 41.78M | 32.06M |
| Additional Paid-in Capital | 123.43M | 124.94M | 125.5M | 126.66M | 97.25M | 63.73M | 62.74M | 0 | 0 | 0 |
| Retained Earnings | 72.4M | 67.92M | 58.69M | 46.48M | 24.97M | 14.12M | 9.15M | 0 | 0 | 0 |
| Accumulated OCI | -680K | -1.33M | -1.32M | -620K | 256K | 156K | 22K | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 5.04M | 5.04M | 2.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NYC CRE concentration risk
According to recent financial statements, Hanover Bancorp's total assets have remained largely stagnant at approximately $2.3 billion to $2.4 billion since 2023Q3, suggesting that the bank is struggling to achieve meaningful organic expansion while navigating a challenging New York City commercial real estate environment.
The lack of significant asset growth indicates a potential pivot toward defensive balance sheet management rather than aggressive market share acquisition. This stagnation appears to reflect the difficulty of deploying capital into a concentrated geographic footprint without exacerbating existing risk exposures.
Based on reported figures, the provision for credit losses surged to $6.1 million in 2025Q4, a sharp departure from the sub-$1 million levels observed in early 2024, which suggests that management is increasingly concerned about the underlying credit quality of its NYC-centric commercial real estate portfolio.
This dramatic increase in provisioning warrants close monitoring as it may imply that the bank is beginning to recognize latent deterioration in its multi-family and commercial loan book. Investors should consider whether this spike is a proactive measure or a reaction to emerging defaults within the local real estate market.
As reported in quarterly filings, Hanover Bancorp has significantly increased its investment securities portfolio to $2.1 billion by 2025Q4, representing a major shift from the minimal holdings seen in early 2024, which suggests a tactical attempt to manage liquidity and interest rate sensitivity.
The rapid accumulation of securities appears to be a defensive maneuver to bolster the balance sheet against potential deposit volatility. However, this strategy may also indicate a lack of attractive loan origination opportunities, forcing the bank to park capital in lower-yielding assets.
Based on the provided data, the equity-to-assets ratio has hovered between 0.08 and 0.09 throughout the last ten quarters, indicating that Hanover Bancorp maintains a relatively thin capital cushion that may limit its ability to absorb significant credit losses or fund future growth initiatives.
This low capital ratio suggests that the bank operates with high leverage, leaving little room for error in a volatile interest rate environment. The consistency of this ratio implies a management preference for capital efficiency, though it may leave the institution vulnerable to regional economic shocks.
Quick answers to the most common questions about buying HNVR stock.
As of 2025, Hanover Bancorp, Inc. (HNVR) had total assets of $2.38B including $208.9M in current assets.
Hanover Bancorp, Inc. (HNVR) carries total debt of $136.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hanover Bancorp, Inc. (HNVR) has total shareholders' equity (book value) of $200.3M ($26.78 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hanover Bancorp, Inc. (HNVR) reported a current ratio of 0.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.