Hanover Bancorp, Inc. (HNVR) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Hanover Bancorp reported revenue of $73.3M, up 7.1% from $68.4M the year before. Net income was $7.5M (a 10.2% net margin), or $1.00 per diluted share. Net interest income was $60.5M, and the efficiency ratio (noninterest expense / revenue) was 72.3%. Operating activities generated $13.1M of cash, leaving $12.2M of free cash flow. At fiscal year end, Hanover Bancorp held $2.38B in total assets against $2.18B in total liabilities, including $208.9M of cash and equivalents.
Open the full interactive Hanover Bancorp financials → Quarterly statements, key ratios, valuation history and price charts.
Hanover Bancorp Key Stats
| Share Price | $24.53 |
|---|---|
| Market Cap | $177.1M |
| P/E Ratio | 24.5 |
| Dividend Yield | 1.69% |
| Revenue YoY Growth | +7.1% |
| 52-Week Range | $19.83 – $27.74 |
| Shares Outstanding | 7.2 million (basic, 2026 Q2) |
Hanover Bancorp Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Net Interest Income | $41.7M | $61.3M | $54.5M | $53.1M | $60.5M |
| Provision for Credit Losses | $1.0M | $4.5M | $3.4M | $4.9M | $10.4M |
| Noninterest Income | $3.3M | $8.9M | $8.8M | $15.3M | $12.8M |
| Noninterest Expense | $30.0M | $35.2M | $39.7M | $47.1M | $53.0M |
| Revenue | $45.1M | $70.1M | $63.3M | $68.4M | $73.3M |
| Pre-Tax Income | $14.1M | $30.5M | $20.2M | $16.4M | $10.0M |
| Income Tax | $3.2M | $6.9M | $5.0M | $4.0M | $2.5M |
| Net Income | $10.9M | $23.6M | $15.2M | $12.3M | $7.5M |
| Diluted EPS | $2.28 | $3.68 | $2.05 | $1.66 | $1.00 |
Hanover Bancorp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $18.0M | $18.6M | $19.1M | $19.6M |
| Net Income | $3.5M | $33,000 | $1.9M | $4.1M |
| Diluted EPS | $0.47 | $0.00 | $0.25 | $0.55 |
Hanover Bancorp Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $166.5M | $149.9M | $192.6M | $162.9M | $208.9M |
| Loans (Net) | — | — | — | $1.96B | $1.98B |
| Total Assets | $1.48B | $1.84B | $2.15B | $2.31B | $2.38B |
| Deposits | $1.16B | $1.53B | $1.74B | $1.95B | $2.03B |
| Total Long-Term Debt | $66.5M | $117.4M | $200.3M | $132.5M | $125.5M |
| Total Liabilities | $1.36B | $1.67B | $1.96B | $2.12B | $2.18B |
| Shareholders' Equity | $122.5M | $172.6M | $185.9M | $196.6M | $200.3M |
Hanover Bancorp Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $13.2M | $25.0M | $16.4M | $5.9M | $13.1M |
| Cash From Investing | $89.8M | -$374.1M | -$256.4M | -$45.8M | -$27.9M |
| Cash From Financing | -$16.7M | $332.5M | $282.6M | $25.6M | $60.9M |
| Free Cash Flow | $11.1M | $23.9M | $13.0M | $4.6M | $12.2M |
| Dividends Paid | — | — | — | $3.0M | $3.0M |
Figures from Hanover Bancorp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hanover Bancorp financials page for every line item.
Hanover Bancorp Company Profile
| Ticker | HNVR |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Mineola, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001828588 |
Frequently Asked Questions
What was Hanover Bancorp's revenue in fiscal 2025?
Hanover Bancorp (HNVR) reported revenue of $73.3M for fiscal 2025.
What is Hanover Bancorp's annual revenue history?
Hanover Bancorp's annual revenue by fiscal year: 2021: $45.1M; 2022: $70.1M; 2023: $63.3M; 2024: $68.4M; 2025: $73.3M.
What was Hanover Bancorp's net income in fiscal 2025?
Hanover Bancorp reported net income of $7.5M for fiscal 2025.
What was Hanover Bancorp's earnings per share (EPS) in fiscal 2025?
Hanover Bancorp's diluted EPS was $1.00 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hanover Bancorp generate in fiscal 2025?
Hanover Bancorp generated $12.2M of free cash flow in fiscal 2025.
What was Hanover Bancorp's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hanover Bancorp reported revenue of $19.6M.
How much debt does Hanover Bancorp have?
Hanover Bancorp reported $125.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hanover Bancorp are outstanding?
Hanover Bancorp reported a weighted average of 7.2 million basic shares outstanding in 2026 Q2.
What is Hanover Bancorp's market cap?
Based on its latest closing price, Hanover Bancorp (HNVR) has a market capitalization of about $177.1M.
When does Hanover Bancorp's fiscal year end?
Hanover Bancorp's fiscal year end, as registered with the SEC, is December 31.
Where is Hanover Bancorp headquartered?
Hanover Bancorp lists its business address in Mineola, New York in its SEC filings.