HNVR

First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2026 totaled $1.9 million or $0.25 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance expenses) was $4.0 million or $0.54 per diluted share for the quarter ended March 31, 2026. Net Interest Income: Net interest income was $16.4 million for the quarter ended March 31, 2026, an increase of $0.5 million, or 3.36% from the quarter ended December 31, 2025 and $1.7 million, or 11.85%, from the quarter ended March 31, 2025, representing the highest level since the third quarter of 2022. Net Interest Margin Expansion: The Company’s net interest margin for the quarter ended March 31, 2026 increased to 2.96% from 2.84% for the quarter ended December 31, 2025 and 2.68% in the quarter ended March 31, 2025. Subordinated Debt: On March 12, 2026, the Company completed the private placement of $35 million of 7.25% fixed-to-floating subordinated notes due in 2036. Proceeds were used to redeem the Company’s previously outstanding 8.54% floating rate subordinated notes on April 15, 2026 and to enhance the Bank’s capital base. Executed Wholesale Funding Optimization: In February 2026, the Bank proactively restructured $60.3 million of FHLB advances into new, flexible, put-feature advances. The restructuring reduced the weighted average borrowing cost from 4.27% to 3.47%, saving approximately $40 thousand in monthly interest expense, while maintaining term funding and call protection. Quarterly Cash Dividend: The Company’s Board of Directors approved a $0.10 per share cash dividend on both common shares and Series A preferred shares payable on May 18, 2026 to stockholders of record on May 11, 2026. Long Island Expansion: Regulatory authorization has been received for the opening of a full-service branch in a state-of-the-art facility in downtown Riverhead, New York. In anticipation of the branch opening later this year, a temporary loan production office in Riverhead with business development staff became operational in March 2026. MINEOLA, N.Y., April 27, 2026 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (“Hanover” or “the Company” – NASDAQ: HNVR), the holding company for Hanover Community Bank (“the Bank”), today reported results for the quarter ended March 31, 2026 and the declaration of a $0.10 per share cash dividend on both com...

Fourth Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2025 totaled $33 thousand (after giving effect to a $6.1 million provision for credit losses), versus $3.5 million (after giving effect to a $1.3 million provision for credit losses) for the prior linked quarter and $3.9 million (after giving effect to a $400 thousand provision for credit losses) for the quarter ended December 31, 2024. Pre-Provision Net Revenue: Pre-provision net revenue (non-GAAP) was $6.2 million or 1.08% of average assets for the quarter ended December 31, 2025, which was the highest level since the fourth quarter of 2022, versus $6.0 million or 1.05% of average assets in the prior linked quarter and $5.6 million or 1.00% of average assets in the fourth quarter of 2024. Net Interest Income: Net interest income was $15.8 million (inclusive of a $400 thousand accrued interest reversal related to a C&I loan placed on nonaccrual) for the quarter ended December 31, 2025, an increase of $0.6 million, or 3.99% from the quarter ended September 30, 2025 and $2.0 million, or 14.64%, from the quarter ended December 31, 2024. Net Interest Margin Expansion: The Company’s net interest margin for the quarter ended December 31, 2025 increased to 2.84% from 2.74% for the quarter ended September 30, 2025 (inclusive of a 7 basis point reduction related to the aforementioned C&I loan) and 2.53% in the quarter ended December 31, 2024. Continued Expense Management: The Company continues to focus on expense management and as a result, the operating efficiency ratio improved to 66.46% in the quarter ended December 31, 2025, which was the lowest level since the first quarter of 2024, versus 66.71% in the prior linked quarter and 68.91% in the fourth quarter of 2024. Deposit Growth: Total deposits increased $53.6 million or 2.71% from September 30, 2025 and $74.1 million or 3.79% from December 31, 2024. Demand deposits increased $14.8 million, or 6.35% from September 30, 2025 and $36.1 million, or 17.07%, from December 31, 2024, driven by the success of our C&I business banking relationships, which improved the loan to deposit ratio to 99% at December 31, 2025. Loan Diversification Strategy: The Company continues to actively manage its Multifamily and Commercial Real Estate portfolios which resulted in a reduction in the commercial real estate concentration ratio to 36...

First Mid Bancshares (FMBH) came out with quarterly earnings of $1.06 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.24%. A quarter ago, it was expected that this bank holding company would post earnings of $0.96 per share when it actually produced earnings of $0.97, delivering a surprise of +1.04%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Mid Bancshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $88.22 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 3.54%. This compares to year-ago revenues of $85.31 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Mid Bancshares shares have added about 7.9% since the beginning of the year versus the S&P 500's gain of 1.9%. While First Mid Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Mid Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list o...

Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.08%. A quarter ago, it was expected that this company would post earnings of $0.57 per share when it actually produced earnings of $0.33, delivering a surprise of -42.11%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Hanover Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $18.01 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 5.72%. This compares to year-ago revenues of $17.06 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hanover Bancorp shares have lost about 12.5% since the beginning of the year versus the S&P 500's gain of 17.2%. While Hanover Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hanover Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks...

Third Quarter Performance Highlights Net Income: Net income for the quarter ended September 30, 2025 totaled $3.5 million or $0.47 per diluted share (including Series A preferred shares), versus $2.4 million or $0.33 per diluted share (including Series A preferred shares) in the prior linked quarter. Pre-Provision Net Revenue: Pre-provision net revenue was $6.0 million resulting in a return on average assets of 1.05% for the quarter ended September 30, 2025 which was the highest level since the first quarter of 2023, versus $5.7 million and 1.04% in the prior linked quarter and $4.8 million and 0.85% in the third quarter of 2024. Net Interest Income: Net interest income was $15.2 million for the quarter ended September 30, 2025, an increase of $0.4 million, or 2.89% from the quarter ended June 30, 2025 and $2.1 million, or 16.19%, from the quarter ended September 30, 2024. Net Interest Margin Expansion: The Company’s net interest margin during the quarter ended September 30, 2025 increased to 2.74% from 2.37% in the quarter ended September 30, 2024. The net interest margin for the month ended September 30, 2025 was 2.83%. Deposit Growth: Total deposits increased $20.5 million or 1.05% from December 31, 2024 and $23.5 million or 1.21% from June 30, 2025. Demand deposits increased $21.3 million, or 10.08%, from December 31, 2024, underscoring the success of our C&I and Municipal banking verticals. Strong Liquidity Position: At September 30, 2025, undrawn liquidity sources, which include cash and unencumbered securities and secured and unsecured funding capacity, totaled $712.2 million, or approximately 253% of uninsured deposit balances. Insured and collateralized deposits, which include municipal deposits, accounted for approximately 86% of total deposits at September 30, 2025. Loan Growth: Loans totaled $1.99 billion, a net increase of $22.2 million or 4.52% annualized from June 30, 2025, primarily driven by growth in niche-residential and conventional C&I. Loan Diversification Strategy: The Company continues to actively manage its Multi-Family and Commercial Real Estate portfolios which resulted in a reduction in the commercial real estate concentration ratio to 362% of capital at September 30, 2025 from 385% at December 31, 2024 and 397% at September 30, 2024. The Company will selectively explore Commercial Real Estate opportunities with an emphasis on rel...

Explore Hanover Bancorp's Fair Values from the Community and select yours Revenue: US$16.0m (up 25% from 2Q 2024). Net income: US$2.38m (up 189% from 2Q 2024). Profit margin: 15% (up from 6.4% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.33 (up from US$0.12 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 39%. Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 4.9% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Hanover Bancorp's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -42.11%. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.55, delivering a surprise of +7.84%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Hanover Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $18.36 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 3.9%. This compares to year-ago revenues of $16.87 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hanover Bancorp shares have lost about 3.1% since the beginning of the year versus the S&P 500's gain of 7.3%. While Hanover Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hanover Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1...

Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2025 totaled $2.4 million or $0.33 per diluted share (including Series A preferred shares). Pre-Provision Net Revenue: Pre-provision net revenue was $5.7 million resulting in a return on average assets of 1.04% for the quarter ended June 30, 2025 which was the highest level since the first quarter of 2023. Net Interest Income: Net interest income was $14.8 million for the quarter ended June 30, 2025, an increase of $0.2 million, or 1.13% from the quarter ended March 31, 2025 and $1.5 million, or 11.69%, from the quarter ended June 30, 2024. Net Interest Margin Expansion: The Company’s net interest margin during the quarter ended June 30, 2025 increased to 2.76% from 2.68% in the quarter ended March 31, 2025 and 2.46% in the quarter ended June 30, 2024. Demand Deposit Growth: Demand deposits increased $28.1 million, or 13.03%, from March 31, 2025 and $32.0 million, or 15.12%, from December 31, 2024, underscoring the success of our C&I and Municipal banking verticals. Strong Liquidity Position: At June 30, 2025, undrawn liquidity sources, which include cash and unencumbered securities and secured and unsecured funding capacity, totaled $686.5 million, or approximately 274% of uninsured deposit balances. Insured and collateralized deposits, which include municipal deposits, accounted for approximately 87% of total deposits at June 30, 2025. Loan Diversification Strategy: The Company continues to actively manage its Multi-Family and Commercial Real Estate portfolios which resulted in a reduction in the commercial real estate concentration ratio to 368% of capital at June 30, 2025 from 385% at December 31, 2024 and 403% at June 30, 2024. The Company continues to focus loan growth primarily in residential loan products originated for sale to specific buyers in the secondary market, C&I and SBA loans. The Company will selectively explore Commercial Real Estate opportunities with an emphasis on relationship based Commercial Real Estate lending. Asset Quality: At June 30, 2025, the Bank’s asset quality metrics remained solid with non-performing loans totaling $12.7 million, representing 0.64% of the total loan portfolio, and the allowance for credit losses equaling 1.10% of total loans, a decrease from non-performing loans totaling $16.4 million, representing 0.82% of the tota...

Revenue: US$17.8m (up 9.6% from 1Q 2024). Revenue: US$17.8m (up 9.6% from 1Q 2024). Net income: US$1.52m (down 61% from 1Q 2024). Net income: US$1.52m (down 61% from 1Q 2024). Profit margin: 8.6% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Profit margin: 8.6% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. EPS: US$0.20 (down from US$0.55 in 1Q 2024). EPS: US$0.20 (down from US$0.55 in 1Q 2024). We've discovered 2 warning signs about Hanover Bancorp. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 58%. Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 8.1% from a week ago. You still need to take note of risks, for example - Hanover Bancorp has 2 warning signs we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Hanover Bancorp, Inc. (HNVR) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.84%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.52, delivering a surprise of 6.12%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Hanover Bancorp , which belongs to the Zacks Banks - Northeast industry, posted revenues of $18.36 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.58%. This compares to year-ago revenues of $16.51 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hanover Bancorp shares have lost about 7.6% since the beginning of the year versus the S&P 500's decline of -10.1%. While Hanover Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hanover Bancorp: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1...

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 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 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 quarter ended March 31, 2025 increased to 2.68% from 2.53% in the quarter ended December 31, 2024 and 2.41% in the quarter ended March 31, 2024. Net Interest Margin Expansion: The Company’s net interest margin during the quarter ended March 31, 2025 increased to 2.68% from 2.53% in the quarter ended December 31, 2024 and 2.41% in the quarter ended March 31, 2024. Strong Liquidity Position: At March 31, 2025, undrawn liquidity sources, which include cash and unencumbered securities and secured and unsecured funding capacity, totaled $679.0 million, or approximately 322% of uninsured deposit balances. Insured and collateralized deposits, which include municipal deposits, accounted for approximately 89% of total deposits at March 31, 2025. Strong Liquidity Position: At March 31, 2025, undrawn liquidity sources, which include cash and unencumbered securities and secured and unsecured funding capacity, totaled $679.0 million, or approximately 322% of uninsured deposit balances. Insured and collateralized deposits, which include municipal deposits, accounted for approximately 89% of total deposits at March 31,...

Revenue: US$63.5m (up 5.0% from FY 2023). Revenue: US$63.5m (up 5.0% from FY 2023). Net income: US$12.0m (down 8.8% from FY 2023). Net income: US$12.0m (down 8.8% from FY 2023). Profit margin: 19% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Profit margin: 19% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$1.67 (down from US$1.86 in FY 2023). EPS: US$1.67 (down from US$1.86 in FY 2023). Non-performing loans: 0.82% (up from 0.74% in FY 2023). Non-performing loans: 0.82% (up from 0.74% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 2.4% from a week ago. You should learn about the 1 warning sign we've spotted with Hanover Bancorp. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.