| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | Overweight → Equal-Weight | Stephens |
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
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
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
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
MINEOLA, N.Y., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. (NASDAQ:HNVR), the bank holding company for Hanover Community Bank, announced they hosted a cocktail party at their Hauppauge Business Banking center on Thursday, September 19, 2024 to thank the many people and businesses who have contributed to their success and welcomed them to Suffolk County. Hanover Bank recognizes that success is never accomplished alone. Since its expansion into Suffolk County, Hanover has received an enormous amount of support from its clients, the community, the businesses, and the leaders of this region. The scores of people and busin
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
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)
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)
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
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