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    Hanover Bancorp Inc.

    Subscribe to $HNVR
    $HNVR
    Major Banks
    Finance

    IPO Year: 2022

    Exchange: NASDAQ

    Recent Analyst Ratings for Hanover Bancorp Inc.

    DatePrice TargetRatingAnalyst
    8/13/2025$24.00Market Perform
    Hovde Group
    12/9/2024Overweight → Equal-Weight
    Stephens
    See more ratings

    Hanover Bancorp Inc. Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    Hovde Group initiated coverage on Hanover Bancorp with a new price target

    Hovde Group initiated coverage of Hanover Bancorp with a rating of Market Perform and set a new price target of $24.00

    8/13/25 7:43:49 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp downgraded by Stephens

    Stephens downgraded Hanover Bancorp from Overweight to Equal-Weight

    12/9/24 9:35:24 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp Inc. Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    FSVP & Chief Risk Officer Vivona John P covered exercise/tax liability with 216 shares, decreasing direct ownership by 5% to 3,909 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /MD (0001828588) (Issuer)

    12/3/25 11:02:22 AM ET
    $HNVR
    Major Banks
    Finance

    EVP & Chief Lending Officer Burns Joseph F covered exercise/tax liability with 576 shares, decreasing direct ownership by 6% to 9,101 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /MD (0001828588) (Issuer)

    12/2/25 1:36:08 PM ET
    $HNVR
    Major Banks
    Finance

    Director Golden Robert sold $106,248 worth of shares (5,000 units at $21.25) (SEC Form 4)

    4 - Hanover Bancorp, Inc. /MD (0001828588) (Issuer)

    11/6/25 10:21:33 AM ET
    $HNVR
    Major Banks
    Finance

    EVP & Chief Financial Officer Burke Lance P covered exercise/tax liability with 540 shares, decreasing direct ownership by 2% to 25,957 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    8/1/25 9:17:37 PM ET
    $HNVR
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    Finance

    Director Golden Robert sold $388,132 worth of shares (16,829 units at $23.06) (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/12/25 4:19:25 PM ET
    $HNVR
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    Finance

    Director Golden Robert sold $39,360 worth of shares (1,708 units at $23.04) (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/8/25 2:54:36 PM ET
    $HNVR
    Major Banks
    Finance

    Director Golden Robert sold $124,649 worth of shares (5,323 units at $23.42) (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/6/25 10:18:24 AM ET
    $HNVR
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    Finance

    EVP & Chief Financial Officer Burke Lance P was granted 3,798 shares and covered exercise/tax liability with 1,369 shares, increasing direct ownership by 10% to 26,497 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    4/1/25 3:57:00 PM ET
    $HNVR
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    Finance

    President Wilcox Mcclelland W was granted 11,076 shares and covered exercise/tax liability with 6,125 shares, increasing direct ownership by 5% to 101,098 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    4/1/25 3:46:34 PM ET
    $HNVR
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    EVP & Chief Credit Officer Corbett Kevin was granted 3,988 shares and covered exercise/tax liability with 1,437 shares, increasing direct ownership by 10% to 26,925 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    4/1/25 1:14:51 PM ET
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    Hanover Bancorp Inc. SEC Filings

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    SEC Form SCHEDULE 13G filed by Hanover Bancorp Inc.

    SCHEDULE 13G - Hanover Bancorp, Inc. /MD (0001828588) (Subject)

    11/14/25 11:37:05 AM ET
    $HNVR
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    SEC Form SCHEDULE 13G filed by Hanover Bancorp Inc.

    SCHEDULE 13G - Hanover Bancorp, Inc. /MD (0001828588) (Subject)

    11/14/25 10:56:07 AM ET
    $HNVR
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    Hanover Bancorp Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /MD (0001828588) (Filer)

    11/10/25 7:23:42 PM ET
    $HNVR
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    SEC Form 10-Q filed by Hanover Bancorp Inc.

    10-Q - Hanover Bancorp, Inc. /MD (0001828588) (Filer)

    11/7/25 4:00:46 PM ET
    $HNVR
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    Hanover Bancorp Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /MD (0001828588) (Filer)

    10/30/25 4:01:12 PM ET
    $HNVR
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    Hanover Bancorp Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)

    9/4/25 7:00:31 AM ET
    $HNVR
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    SEC Form 10-Q filed by Hanover Bancorp Inc.

    10-Q - Hanover Bancorp, Inc. /NY (0001828588) (Filer)

    8/8/25 4:00:33 PM ET
    $HNVR
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    Hanover Bancorp Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)

    7/23/25 4:10:26 PM ET
    $HNVR
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    Hanover Bancorp Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)

    6/27/25 8:00:17 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

    8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)

    6/18/25 7:00:51 AM ET
    $HNVR
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    Hanover Bancorp Inc. Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    Director Sisti Elena bought $5,048 worth of shares (215 units at $23.48), increasing direct ownership by 0.21% to 102,093 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    11/26/24 9:58:29 AM ET
    $HNVR
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    Director Okun Philip A bought $1,714 worth of shares (100 units at $17.14), increasing direct ownership by 0.25% to 39,746 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    8/20/24 9:32:31 PM ET
    $HNVR
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    Finance

    Director Okun Philip A bought $16,480 worth of shares (1,000 units at $16.48), increasing direct ownership by 3% to 39,646 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    6/14/24 5:08:53 PM ET
    $HNVR
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    Director Okun Philip A bought $16,255 worth of shares (1,000 units at $16.25), increasing direct ownership by 3% to 38,646 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    6/13/24 10:04:42 AM ET
    $HNVR
    Major Banks
    Finance

    Burke Lance P bought $2,907 worth of shares (175 units at $16.61), increasing direct ownership by 0.80% to 21,946 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/6/24 3:57:13 PM ET
    $HNVR
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    Finance

    Burke Lance P bought $6,648 worth of shares (400 units at $16.62), increasing direct ownership by 2% to 21,771 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/3/24 9:29:07 AM ET
    $HNVR
    Major Banks
    Finance

    Wilcox Mcclelland W bought $4,150 worth of shares (250 units at $16.60), increasing direct ownership by 0.31% to 81,537 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/1/24 11:19:37 AM ET
    $HNVR
    Major Banks
    Finance

    Puorro Michael P bought $8,300 worth of shares (500 units at $16.60), increasing direct ownership by 0.18% to 278,388 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/1/24 10:49:36 AM ET
    $HNVR
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    Finance

    Burke Lance P bought $3,320 worth of shares (200 units at $16.60), increasing direct ownership by 0.94% to 21,371 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    5/1/24 10:39:50 AM ET
    $HNVR
    Major Banks
    Finance

    Burke Lance P bought $3,356 worth of shares (200 units at $16.78), increasing direct ownership by 0.95% to 21,171 units (SEC Form 4)

    4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)

    4/26/24 9:34:37 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp Inc. Press Releases

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    Hanover Bancorp, Inc. Reports Third Quarter 2025 Results and Declares $0.10 Quarterly Cash Dividend

    Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2025 totaled $3.5 million or $0.47 per diluted share (including Series A preferred shares), versus $2.4 million or $0.33 per diluted share (including Series A preferred shares) in the prior linked quarter.Pre-Provision Net Revenue: Pre-provision net revenue was $6.0 million resulting in a return on average assets of 1.05% for the quarter ended September 30, 2025 which was the highest level since the first quarter of 2023, versus $5.7 million and 1.04% in the prior linked quarter and $4.8 million and 0.85% in the third quarter of 2024.Net Interest Income: Net interest income was $15.2 million for

    10/30/25 4:00:00 PM ET
    $HNVR
    Major Banks
    Finance

    Your Bank - Your Way: Hanover Bank Launches Dynamic New Website

    MINEOLA, N.Y., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Hanover Community Bank ("Hanover Bank"), the bank subsidiary of Hanover Bancorp (NASDAQ: HNVR), today announced the launch of its completely redesigned website, aimed at delivering a significantly improved digital experience through enhanced features, responsive functionality, and intuitive navigation across all devices. The upgraded site combines modern technology and a clean, user-friendly layout to meet the needs of our diverse audiences, including long-time clients, new prospects, and first-time visitors. Designed with accessibility and performance in mind, the platform seeks to ensure quick, seamless access to the information users va

    9/25/25 8:00:03 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bank Launches Inaugural Radio & Digital Audio Campaign to Reinforce Community Commitment & Growth Strategy

    MINEOLA, N.Y., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Hanover Community Bank ("Hanover Bank"), the bank subsidiary of Hanover Bancorp (Nasdaq: HNVR), is excited to announce the launch of its first-ever radio and digital audio advertising campaign, marking a major step forward in its strategic growth and marketing efforts. This inaugural venture into electronic media supports the Bank's ongoing mission to reinvest in the communities it serves and deepen connections with customers across Long Island and the New York metropolitan area. The campaign will air on top local radio stations WALK-FM, WBAB-FM, as well as top regional radio stations 1010 WINS, and WFAN, reaching a broad audience with mess

    8/7/25 8:00:48 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Second Quarter 2025 Results Highlighted by Strong Demand Deposit Growth, Continued Margin Expansion and Its Inclusion in the Russell 2000 Index

    Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2025 totaled $2.4 million or $0.33 per diluted share (including Series A preferred shares).Pre-Provision Net Revenue: Pre-provision net revenue was $5.7 million resulting in a return on average assets of 1.04% for the quarter ended June 30, 2025 which was the highest level since the first quarter of 2023.Net Interest Income: Net interest income was $14.8 million for the quarter ended June 30, 2025, an increase of $0.2 million, or 1.13% from the quarter ended March 31, 2025 and $1.5 million, or 11.69%, from the quarter ended June 30, 2024.Net Interest Margin Expansion: The Company's net interest margi

    7/23/25 4:00:44 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bank Opens Tenth Branch in Port Jefferson, Long Island Enhancing Banking Services to Suffolk County

    PORT JEFFERSON, N.Y., June 25, 2025 (GLOBE NEWSWIRE) -- Hanover Community Bank ("Hanover Bank"), the bank subsidiary of Hanover Bancorp (Nasdaq "HNVR"), is excited to announce the opening of its tenth branch, located in the historic and bustling village of Port Jefferson on Long Island. This expansion marks a significant step in Hanover Bank's strategic growth, strengthening its commitment to serving both businesses and individual consumers across the Long Island region and beyond. Strategically situated to serve the thriving Suffolk County area, the new Port Jefferson branch offers a full spectrum of commercial banking services, including commercial lending, treasury management, and cash

    6/25/25 8:00:36 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports First Quarter 2025 Results Highlighted by Accelerated Margin Expansion, Improved Credit Quality Metrics & Successful Core Banking System Conversion

    First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2025 totaled $1.5 million or $0.20 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding core system conversion expenses of $2.6 million, net of tax) increased to $4.1 million or $0.55 per diluted share for the quarter ended March 31, 2025.Net Interest Income: Net interest income was $14.6 million for the quarter ended March 31, 2025, an increase of $0.8 million or 5.95% from the quarter ended December 31, 2024 and $1.7 million, or 13.10% from the quarter ended March 31, 2024.Net Interest Margin Expansion: The Company's net interest margin during the quart

    4/23/25 8:00:17 AM ET
    $HNVR
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    Finance

    Hanover Bank Announces Core Banking System Conversion to Drive Digital Growth

    MINEOLA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- Hanover Bank, the bank subsidiary of Hanover Bancorp (Nasdaq "HNVR"), is excited to announce its conversion to a new core banking system, a significant technological upgrade designed to improve the banking experience for our clients, streamline operations for employees, and drive greater value for all our stakeholders. Our core banking system conversion was successfully completed on Tuesday, February 18, 2025. As the bank continues to evolve into a more business-focused financial institution, we remain committed to providing the best possible service to our customers. This upgrade strengthens Hanover Bank's ability to offer digitally forwa

    4/22/25 8:00:03 AM ET
    $HNVR
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    Finance

    Hanover Bank Unveils a Refreshed Logo to Reflect Commitment to Innovation and Growth

    MINEOLA, N.Y., April 08, 2025 (GLOBE NEWSWIRE) -- Hanover Bank, the bank subsidiary of Hanover Bancorp (Nasdaq "HNVR") is excited to unveil its new logo, a brand identity refresh that embodies our continued evolution into a financial services leader recognized for delivering digital banking solutions with unparalleled service. Our new logo reflects a forward-thinking vision that builds on the values of trust, stability, and progress – values that have always been at the heart of Hanover Bank since our founding in 2009 – underscoring our commitment to innovation and tradition. "We take great pride in our legacy and the strong relationships we've built over the years, and this logo represe

    4/8/25 8:00:32 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports 2024 Full Year And Fourth Quarter Results Highlighted by Fourth Quarter Robust Margin Expansion and Record Non-interest Income

    Fourth Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2024 totaled $3.9 million or $0.52 per diluted share (including Series A preferred shares).Record Non-interest Income: The Company reported record non-interest income of $4.2 million for the quarter ended December 31, 2024, an increase of $0.2 million or 5.89% from the quarter ended September 30, 2024 and $0.9 million or 28.67% from the quarter ended December 31, 2023.Net Interest Income: Net interest income was $13.8 million for the quarter ended December 31, 2024, an increase of $0.7 million or 5.39% from the quarter ended September 30, 2024 and $1.1 million, or 9.08% from the quarter end

    1/29/25 7:30:41 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Third Quarter 2024 Results and Declares $0.10 Quarterly Cash Dividend

    Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2024 totaled $3.5 million or $0.48 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance and retirement expenses) was $3.7 million or $0.50 per diluted share for the quarter ended September 30, 2024.Record Non-interest Income: The Company reported record non-interest income of $4.0 million for the quarter ended September 30, 2024, an increase of $0.3 million or 9.17% from the quarter ended June 30, 2024 and $0.2 million or 6.66% from the quarter ended September 30, 2023.Net Interest Income: Net interest income was $13.1 million for the quarte

    10/23/24 4:00:51 PM ET
    $HNVR
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    Hanover Bancorp Inc. Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    SEC Form SC 13D filed by Hanover Bancorp Inc.

    SC 13D - Hanover Bancorp, Inc. /NY (0001828588) (Subject)

    8/26/24 7:18:47 PM ET
    $HNVR
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    SEC Form SC 13G/A filed by Hanover Bancorp Inc. (Amendment)

    SC 13G/A - Hanover Bancorp, Inc. /NY (0001828588) (Subject)

    2/14/24 3:04:10 PM ET
    $HNVR
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    SEC Form SC 13G/A filed by Hanover Bancorp Inc. (Amendment)

    SC 13G/A - Hanover Bancorp, Inc. /NY (0001828588) (Subject)

    2/13/23 4:05:29 PM ET
    $HNVR
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    SEC Form SC 13G filed by Hanover Bancorp Inc.

    SC 13G - Hanover Bancorp, Inc. /NY (0001828588) (Subject)

    2/10/23 1:13:38 PM ET
    $HNVR
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    SEC Form SC 13G filed by Hanover Bancorp Inc.

    SC 13G - Hanover Bancorp, Inc. /NY (0001828588) (Subject)

    1/31/23 4:37:54 PM ET
    $HNVR
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    Hanover Bancorp Inc. Leadership Updates

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    Hanover Bancorp Announces Joseph Burns as its New Executive Vice President, Chief Lending Officer

    MINEOLA, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, (NASDAQ:HNVR) (the "Bank") the bank holding company for Hanover Community Bank, today announced the appointment of Mr. Joseph Burns to the position of Executive Vice President, Chief Lending Officer, effective immediately. In his new role Mr. Burns will lead the Bank's commercial banking expansion with an emphasis on relationship-based business deposit and loan growth on Long Island and across the New York metro market. Among other responsibilities, Mr. Burns will work closely with executive management to define the Bank's commercial banking goals and strategies, develop and launch new products and expand into new markets.

    11/16/23 9:00:45 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bank Announces Appointment of New President

    MINEOLA, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc., (NASDAQ:HNVR) the holding company for Hanover Community Bank, today announced that effective immediately McClelland (Mac) Wilcox will assume the role of President, a position previously held by Brian Finneran who retired from the Bank in February 2023. Wilcox joined Hanover in May of 2021 with Hanover's acquisition of Savoy Bank, where he served as President and CEO. Since joining Hanover, he has served as Senior Executive Vice President, Chief Lending & Revenue Officer. "I am certain Mac will contribute to strengthening Hanover's overall loan and deposit growth by assisting us with our long-term efforts of generatin

    4/27/23 4:30:53 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp Inc. Financials

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    Hanover Bancorp, Inc. Reports Third Quarter 2025 Results and Declares $0.10 Quarterly Cash Dividend

    Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2025 totaled $3.5 million or $0.47 per diluted share (including Series A preferred shares), versus $2.4 million or $0.33 per diluted share (including Series A preferred shares) in the prior linked quarter.Pre-Provision Net Revenue: Pre-provision net revenue was $6.0 million resulting in a return on average assets of 1.05% for the quarter ended September 30, 2025 which was the highest level since the first quarter of 2023, versus $5.7 million and 1.04% in the prior linked quarter and $4.8 million and 0.85% in the third quarter of 2024.Net Interest Income: Net interest income was $15.2 million for

    10/30/25 4:00:00 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Second Quarter 2025 Results Highlighted by Strong Demand Deposit Growth, Continued Margin Expansion and Its Inclusion in the Russell 2000 Index

    Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2025 totaled $2.4 million or $0.33 per diluted share (including Series A preferred shares).Pre-Provision Net Revenue: Pre-provision net revenue was $5.7 million resulting in a return on average assets of 1.04% for the quarter ended June 30, 2025 which was the highest level since the first quarter of 2023.Net Interest Income: Net interest income was $14.8 million for the quarter ended June 30, 2025, an increase of $0.2 million, or 1.13% from the quarter ended March 31, 2025 and $1.5 million, or 11.69%, from the quarter ended June 30, 2024.Net Interest Margin Expansion: The Company's net interest margi

    7/23/25 4:00:44 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports First Quarter 2025 Results Highlighted by Accelerated Margin Expansion, Improved Credit Quality Metrics & Successful Core Banking System Conversion

    First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2025 totaled $1.5 million or $0.20 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding core system conversion expenses of $2.6 million, net of tax) increased to $4.1 million or $0.55 per diluted share for the quarter ended March 31, 2025.Net Interest Income: Net interest income was $14.6 million for the quarter ended March 31, 2025, an increase of $0.8 million or 5.95% from the quarter ended December 31, 2024 and $1.7 million, or 13.10% from the quarter ended March 31, 2024.Net Interest Margin Expansion: The Company's net interest margin during the quart

    4/23/25 8:00:17 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports 2024 Full Year And Fourth Quarter Results Highlighted by Fourth Quarter Robust Margin Expansion and Record Non-interest Income

    Fourth Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2024 totaled $3.9 million or $0.52 per diluted share (including Series A preferred shares).Record Non-interest Income: The Company reported record non-interest income of $4.2 million for the quarter ended December 31, 2024, an increase of $0.2 million or 5.89% from the quarter ended September 30, 2024 and $0.9 million or 28.67% from the quarter ended December 31, 2023.Net Interest Income: Net interest income was $13.8 million for the quarter ended December 31, 2024, an increase of $0.7 million or 5.39% from the quarter ended September 30, 2024 and $1.1 million, or 9.08% from the quarter end

    1/29/25 7:30:41 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Third Quarter 2024 Results and Declares $0.10 Quarterly Cash Dividend

    Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2024 totaled $3.5 million or $0.48 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance and retirement expenses) was $3.7 million or $0.50 per diluted share for the quarter ended September 30, 2024.Record Non-interest Income: The Company reported record non-interest income of $4.0 million for the quarter ended September 30, 2024, an increase of $0.3 million or 9.17% from the quarter ended June 30, 2024 and $0.2 million or 6.66% from the quarter ended September 30, 2023.Net Interest Income: Net interest income was $13.1 million for the quarte

    10/23/24 4:00:51 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Earnings for the Second Quarter and Declares $0.10 Quarterly Cash Dividend

    Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2024 totaled $0.8 million (after giving effect to an allowance for credit loss ("ACL") on an individually evaluated loan of $2.5 million and a $1.1 million provision resulting from ongoing enhancements to the current expected credit loss ("CECL") model) or $0.11 per diluted share (including Series A preferred shares), versus $4.1 million or $0.55 per diluted share (including Series A preferred shares) in the prior linked quarter and $3.1 million or $0.42 per diluted share (including Series A preferred shares) in the comparable 2023 quarter.Net Interest Income: Net interest income was $13.2 million fo

    7/24/24 4:00:32 PM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Earnings for the First Quarter with Increased Net Income and Net Interest Income and Strong Non-interest Income

    First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2024 totaled $4.1 million or $0.55 per diluted share (including Series A preferred shares), versus $3.8 million or $0.51 per diluted share (including Series A preferred shares) in the prior linked quarter and $3.2 million or $0.43 per diluted share (including Series A preferred shares) in the comparable 2023 quarter. Our first quarter results reflect linked quarter and year over year increases in diluted earnings per share ("EPS") of 7.8% and 27.9%, respectively.Net Interest Income: Net interest income was $12.9 million for the quarter ended March 31, 2024, an increase of $0.3 million, or 2.2% from t

    4/17/24 8:30:22 AM ET
    $HNVR
    Major Banks
    Finance

    Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter highlighted by Increased Net Income and Net Interest Income and Strong Non-interest Income

    Fourth Calendar Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2023 totaled $3.8 million or $0.51 per diluted share (including Series A preferred shares), versus $3.5 million or $0.48 per diluted share (including Series A preferred shares) in the prior linked quarter. The Company recorded adjusted (non-GAAP) net income (excluding severance expense) of $4.0 million or $0.54 per diluted share for the quarter ended December 31, 2023, versus adjusted (non-GAAP) net income (excluding litigation settlement payment) of $2.8 million or $0.38 per diluted share for the quarter ended September 30, 2023.  Net Interest Income: Net interest income was $12.7 milli

    1/24/24 4:15:33 PM ET
    $HNVR
    Major Banks
    Finance