Stephens downgraded Hanover Bancorp from Overweight to Equal-Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | Overweight → Equal-Weight | Stephens |
8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)
SCHEDULE 13G/A - Hanover Bancorp, Inc. /NY (0001828588) (Subject)
144 - Hanover Bancorp, Inc. /NY (0001828588) (Subject)
Stephens downgraded Hanover Bancorp from Overweight to Equal-Weight
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
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
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
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)