Hanover Bancorp, Inc. (HNVR) Revenue History
Annual and quarterly revenue from 2016 to present
HNVR Revenue Over Time (2016–2025)
HNVR Revenue Growth History
8 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +37.3%
- FY2018 revenue growth
- +48.2%
- FY2019 revenue growth
- +103.0%
- FY2020 revenue growth
- +5.7%
- FY2021 revenue growth
- +25.4%
- FY2022 revenue growth
- +48.6%
- FY2023 revenue growth
- +47.3%
- FY2024 revenue growth
- +30.3%
- FY2025 revenue growth
- -3.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $35.4M | — |
| Q3 2025 | $35.8M | — |
| Q2 2025 | $35.6M | — |
| Q1 2025 | $36.6M | — |
| Q4 2024 | $37.2M | — |
| Q3 2024 | $38.1M | — |
| Q2 2024 | $37.0M | — |
| Q1 2024 | $36.0M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
HNVR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
HNVR Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 29, 2026, Hanover Bancorp, Inc. (HNVR) generated trailing twelve-month (TTM) revenue of $143.3 million, reflecting moderate decline in growth of -5.0% year-over-year. The most recent quarter (Q4 2025) recorded $35.4 million in revenue, down 1.2% sequentially.
Historical Growth Trajectory
HNVR's 5-year compound annual growth rate (CAGR) stands at +28.1%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +22.9% is below the 5-year average, signalling a growth deceleration in recent years. Hanover Bancorp, Inc.'s highest annual revenue of $148.4 million was recorded in 2024.
Revenue by Segment
HNVR's revenue is primarily driven by Service Charges On Deposit Accounts (74%), and Other Revenue (26%). With over half of revenue concentrated in Service Charges On Deposit Accounts, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including DCOM, CZWI, and NECB. Compare HNVR vs DCOM →
HNVR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HNVRCurrent | $143M | -5.0% | +28.1% | 6.9% | |
 DCOM | $730M | - | - | 21.5% | |
 CZWI | $90M | - | - | 7.0% | |
 NECB | $157M | - | - | 39.6% | |
 FXNC | $112M | - | - | 19.6% | |
 MNSB | $136M | - | - | 14.0% |
HNVR Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $143.3M | - | $62.9M | 43.9% | $10.0M | 6.9% |
| 2024 | $148.4M | - | $63.5M | 42.8% | $16.4M | 11.0% |
| 2023 | $113.9M | - | $59.9M | 52.6% | $20.2M | 17.7% |
| 2022 | $77.3M | - | $65.7M | 85.0% | $30.5M | 39.4% |
| 2021 | $52.0M | - | $44.1M | 84.7% | $14.1M | 27.0% |
| 2020 | $41.5M | - | $27.2M | 65.6% | $6.2M | 15.0% |
| 2019 | $39.3M | - | $39.3M | 100.0% | $11.4M | 29.0% |
| 2018 | $19.3M | - | $19.3M | 100.0% | $7.5M | 38.6% |
| 2017 | $13.0M | - | $13.0M | 100.0% | $3.9M | 30.0% |
| 2016 | $9.5M | - | $9.5M | 100.0% | $3.0M | 32.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HNVR — Frequently Asked Questions
Quick answers to the most common questions about buying HNVR stock.
Is HNVR's revenue growth accelerating or slowing?
HNVR revenue is declining -5.0% year-over-year. TTM revenue fell to $143M, contrasting with the 5-year CAGR of +28.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is HNVR's revenue history from 2016 to 2026?
Hanover Bancorp, Inc. (HNVR) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $143M, growing at -5.0% YoY. The 5-year CAGR is +28.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HNVR's long-term revenue growth rate (CAGR)?
Hanover Bancorp, Inc.'s 5-year revenue CAGR of +28.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HNVR.
Why does HNVR's quarterly revenue fluctuate?
HNVR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Hanover Bancorp, Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is HNVR's revenue distributed by segment?
HNVR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HNVR's revenue compare to industry peers?
Hanover Bancorp, Inc. (HNVR) with TTM revenue of $143M and -5.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.