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Hanover Bancorp(NASDAQ) HNVR

Current Price$25.09
Market Cap$178.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2022)+29%
5 YearN/A
1 Year+15%
1 Month+7%
Hanover Bancorp last closing stock price
MetricPriceDate
Last closeUSD 25.012026-07-24
Hanover Bancorp stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.16%USD 25.052026-07-17
1 month+6.61%USD 23.462026-06-24
3 month+12.33%USD 22.262026-04-24
Year to date+9.17%USD 22.912025-12-31
1 year+15.22%USD 21.712025-07-24
3 year+45.68%USD 17.172023-07-25
Since inception+29.1%USD 19.372022-05-11

Hanover Bancorp Financials at a Glance

Market Cap

$178.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$133.09M

Net Income (TTM)

$9.46M

EPS (TTM)

$1.27

P/E Ratio

19.62

Dividend

$0.40

Beta (Volatility)

0.33 (Low)

Price

$25.09

Volume

55,137.875

Open

$24.85

Previous Close

$25.01

Daily Range

$24.80 - $25.75

52-Week Range

$19.91 - $25.75

Estimated Earnings Date

Oct 29, 2026

HNVR News

No articles available.

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About Hanover Bancorp

Hanover Bancorp helps people and businesses manage money and get loans. Its services support local companies, public organizations, and families in New York. Everyday needs like paying bills or buying a home are made easier through its banking products.

Money Moves: Products and Services

  • Deposit Accounts: Checking, savings, and money market accounts for individuals, businesses, and municipalities (revenue share not disclosed).
  • Real Estate Loans: Mortgages for homes, multi-family, and commercial properties, mainly in New York (revenue share not disclosed).
  • Business Lending: Loans and credit lines for small and medium-sized businesses, including Small Business Administration (SBA) loans (revenue share not disclosed).
  • Municipal Banking: Specialized accounts and services for local governments and public entities (revenue share not disclosed).
  • Digital Banking: Online, mobile, and 24-hour ATM services for easy account access (revenue share not disclosed).

Branching Out: Growth and Expansion

  • Acquired Chinatown Federal Savings Bank in 2019 to expand in New York City.
  • Acquired Savoy Bank in 2021, adding commercial lending capabilities.
  • Launched business banking for the legal cannabis industry in late 2023.
  • Opened new branches in Hauppauge (2023) and Port Jefferson (2025); plans for Riverhead in 2026.
  • Joined the Russell 2000 Index in June 2025, increasing visibility among investors.

Why Hanover Bancorp Stands Out

Hanover Bancorp focuses on niche markets, like non-traditional mortgages for Asian American borrowers. Its municipal banking business provides stable, low-cost funding. The company uses a technology-driven, branch-lite model to keep operations efficient.

Five Things You Need to Know

  • Total revenue was $35 million in Q4 2025, down 5.0% year-over-year.
  • Net income was $7.5 million in 2025, down from $12.3 million in 2024.
  • Loan portfolio reached $2.00 billion at year-end 2025, up slightly from 2024.
  • Municipal deposits made up 34.5% of total deposits in 2025.
  • Net interest margin improved to 2.75% in 2025, up from 2.44% in 2024.

Bottom Line

Hanover Bancorp has grown through targeted acquisitions and niche lending. Its focus on local markets and operational efficiency shapes its steady, community-based business model.

AI Generated • Apr 16, 2026

Industry

Banks

Sector

Financials

Employees

194

CEO

Michael P. Puorro, CPA

Website

www.hanoverbank.com

Headquarters

Mineola, NY 11501, US

HNVR Financials

Key Financial Metrics (TTM)

Gross Margin

44.53%

Operating Margin

3.72%

Net Income Margin

7.11%

Return on Equity

4.72%

Return on Capital

2.96%

Return on Assets

0.40%

Earnings Yield

5.10%

Dividend Yield

1.60%

Payout Ratio

31.77%

Stock Overview

Market Cap

$178.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

7.16M

Volume

55.14K

Avg. Volume

56.79K

Financials (TTM)

Gross Profit

$59.26M

Operating Income

$4.95M

EBITDA

$7.05M

Operating Cash Flow

$6.43M

Capital Expenditure

-$825.00K

Free Cash Flow

$5.60M

Cash & ST Invst.

$234.45M

Total Debt

$127.60M

Hanover Bancorp Performance Analysis

Hanover Bancorp annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 77,301,00048.6%
20232023-09-30USD 112,916,00046.1%
20242024-12-31USD 148,361,00031.4%
20252025-12-31USD 143,322,000-3.4%
Hanover Bancorp sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-300.5%
Q42025-12-31-1.2%
Q12026-03-31-8.7%
Q22026-06-30-8.2%
Hanover Bancorp annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 3.6861.3%
20232023-09-30USD 2.05-44.3%
20242024-12-31USD 1.66-18.8%
20252025-12-31USD 1.00-39.7%
Hanover Bancorp sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3042.4%
Q42025-12-31-99.1%
Q12026-03-315581.8%
Q22026-06-30120.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$29.65M

-16.7%

Gross Profit

$13.72M

-14.2%

Gross Margin

46.28%

N/A

Market Cap

$178.99MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$922.62K

N/A

Employees

194

N/A

Net Income

$4.06M

+66.4%

EBITDA

-$2.39M

-153.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$234.45M

+46.3%

Total Debt

$127.60M

-9.9%

Accounts Receivable

$11.52M

-4.2%

Inventory

$0.00

N/A

Long Term Debt

$127.60M

-9.9%

Short Term Debt

$0.00

N/A

Return on Assets

0.40%

N/A

Return on Invested Capital

1.43%

N/A

Free Cash Flow

-$2.70M

-169.4%

Operating Cash Flow

-$2.51M

-161.1%

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Questions About HNVR

What is the current price of Hanover Bancorp?

Hanover Bancorp is trading at $25.01 per share.

What is the 52-week range for Hanover Bancorp?

Over the past 52 weeks, Hanover Bancorp has traded between $19.91 and $25.75.

How much debt does Hanover Bancorp have?

As of the most recent reporting period, Hanover Bancorp reported total debt of $101.67M.

How much cash does Hanover Bancorp have on hand?

Hanover Bancorp does not have cash on hand data available.

What is Hanover Bancorp’s dividend yield?

Hanover Bancorp currently has a dividend yield of 1.60%.

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