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4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
SC 13D - Hanover Bancorp, Inc. /NY (0001828588) (Subject)
SC 13G/A - Hanover Bancorp, Inc. /NY (0001828588) (Subject)
SC 13G/A - Hanover Bancorp, Inc. /NY (0001828588) (Subject)
MINEOLA, N.Y., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. the bank holding company for Hanover Community Bank, today announced grants to seventeen local not-for-profit organizations as a part of the Federal Home Loan Bank of New York's (FHLBNY) Small Business Recovery Grant Program. Mr. Puorro stated "These organizations are the very heartbeat of the communities we serve, and we are thrilled that this money will help them in fulfilling their mission. We are simultaneously so grateful to the Federal Home Loan Bank of New York and their Small Business Recovery Grant Program for providing these much-needed funds to so ma
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
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
10-Q - Hanover Bancorp, Inc. /NY (0001828588) (Filer)
8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)
8-K - Hanover Bancorp, Inc. /NY (0001828588) (Filer)
Piper Sandler analyst Mark Fitzgibbon maintains Hanover Bancorp (NASDAQ:HNVR) with a Overweight and raises the price target from $18 to $20.
Piper Sandler analyst Mark Fitzgibbon maintains Hanover Bancorp (NASDAQ:HNVR) with a Overweight and raises the price target from $20 to $21.
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
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
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
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
4 - Hanover Bancorp, Inc. /NY (0001828588) (Issuer)
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.
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