Hanover Bancorp Inc $HNVR

Financials

$23.71
+0.15 (+0.66%)
As of Oct 22, 2026, 9:33 PM EDT
Price history
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Hanover Bancorp Inc (HNVR) is trading up at $23.71 (+0.66%), as of the latest quote. It is a Russell 2000 constituent in the Financials sector.

IPO: May 11, 2022 · $21.00 offering · NASDAQ · View IPO details →

Hanover Bancorp Inc revenue & net income history (FY2020–FY2025)

RevenueNet incomeNet margin (right axis, %)
$73.3M$36.7M$0FY2020 revenue: $28.5MFY2020 net income: $4.97M · Net margin 17.5%'20FY2021 revenue: $45.1MFY2021 net income: $10.9M · Net margin 24.1%'21FY2022 revenue: $70.1MFY2022 net income: $23.6M · Net margin 33.6%'22FY2023 revenue: $63.3MFY2023 net income: $15.2M · Net margin 23.9%'23FY2024 revenue: $68.4MFY2024 net income: $12.3M · Net margin 18.0%'24FY2025 revenue: $73.3MFY2025 net income: $7.49M · Net margin 10.2%'250%10%20%30%40%FY2020 net margin: 17.5%FY2021 net margin: 24.1%FY2022 net margin: 33.6%FY2023 net margin: 23.9%FY2024 net margin: 18.0%FY2025 net margin: 10.2%
Hanover Bancorp Inc annual financial statements
FY2020Sep 2020FY2021Sep 2021FY2022Sep 2022FY2023Sep 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$28.5M$45.1M$70.1M$63.3M$68.4M$73.3M
Growth (year over year)—+58.2%+55.6%−9.7%+8.0%+7.1%
Net income$4.97M$10.9M$23.6M$15.2M$12.3M$7.49M
Net margin17.5%24.1%33.6%23.9%18.0%10.2%
EPS (diluted)$1.18$2.28$3.68$2.05$1.66$1.00
Balance sheet
Cash and equivalents$80.2M$166.5M$149.9M$192.6M$162.9M$208.9M
Total assets$851.6M$1.48B$1.84B$2.15B$2.31B$2.38B
Total liabilities$773.6M$1.36B$1.67B$1.96B$2.12B$2.18B
Shareholders' equity$78.0M$122.5M$172.6M$185.9M$196.6M$200.3M
Cash flow
Operating cash flow$566.0K$13.2M$25.1M$16.4M$5.44M$13.1M
Capital expenditure$1.09M$2.08M$1.12M$3.41M$1.29M$869.0K
Free cash flow−$527.0K$11.1M$24.0M$13.0M$4.15M$12.2M
Dividends paid—$0$2.04M$2.93M$2.96M$3.01M
Share buybacks————$0$1.83M

From Hanover Bancorp Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Hanover Bancorp Inc

Headquarters
Mineola, New York From SEC filings, Oct 2026

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