HNVR - NASDAQ
Hanover Bancorp, Inc.
$22.91
+0.087%Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.
At a Glance
Live SnapshotHanover Bancorp, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Hanover Bancorp, Inc. Income Statement
HNVR • NASDAQ
| Hanover Bancorp, Inc. Income Statement | Dec 2025 | Dec 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||
143.3M | 148.4M | 113.9M | 77.3M | 52M | 41.5M | 39.3M | 19.3M | 13M | 9.5M | |
GROSS PROFIT | ||||||||||
(80.4M) | (84.9M) | (54M) | (11.6M) | (8M) | (14.3M) | (0.0) | (0.0) | (0.0) | (0.0) | |
62.9M | 63.5M | 59.9M | 65.7M | 44.1M | 27.2M | 39.3M | 19.3M | 13M | 9.5M | |
OPERATING INCOME | ||||||||||
(53M) | (47.1M) | (39.7M) | (35.2M) | (30M) | (21M) | (3.3M) | (12.8M) | (9.4M) | (6.5M) | |
(35.6M) | (27M) | (21.9M) | (20M) | (14.9M) | (12.4M) | (13.8M) | (10.7M) | (8M) | (5.6M) | |
10M | 16.4M | 20.2M | 30.5M | 14.1M | 6.2M | 11.4M | 7.5M | 3.9M | 3M | |
PRE-TAX INCOME | ||||||||||
(70M) | (79.9M) | (50.6M) | (7.2M) | (7M) | (13M) | (2.8M) | (0.0) | (0.0) | (0.0) | |
60.5M | 53.1M | 54.5M | 61.3M | 41.7M | 27.1M | 0.0 | 0.0 | 0.0 | 0.0 | |
(17.4M) | (20.1M) | (17.8M) | (15.1M) | (15.1M) | (8.6M) | -3.3M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -2.4M | -2.1M | -1.4M | -883K | |
10M | 16.4M | 20.2M | 30.5M | 14.1M | 6.2M | 10.3M | 6.5M | 3.6M | 3M | |
NET INCOME | ||||||||||
(2.5M) | (4M) | (5M) | (6.9M) | (3.2M) | (1.2M) | (2.2M) | (1.9M) | (1.5M) | (1.1M) | |
7.5M | 12.3M | 15.2M | 23.6M | 10.9M | 5M | 8.1M | 4.6M | 2.2M | 2M |
SEC Filings
HNVR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | May 28, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 27, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | May 28, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 13, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 29, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 12, 2025 | November 11, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 07, 2025 | September 30, 2025 | 2025 |
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Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
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Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.