Hanover Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022
Interest Income on Loans	130.48	122.97	103.98	97.56	67.01
Interest Income on Investments	-	10.05	9.65	7.48	1.42
Total Interest Income	130.48	133.02	113.63	105.04	68.43
Interest Paid on Deposits	70	72.52	54.32	43.85	5.38
Interest Paid on Borrowings	-	7.41	7.42	6.7	1.8
Total Interest Expense	70	79.93	61.74	50.55	7.18
Net Interest Income	60.48	53.09	51.89	54.49	61.25
Net Interest Income Growth (YoY)	13.91%	2.32%	-4.78%	-11.04%	46.86%
Gain (Loss) on Sale of Investments	0.22	0.03	-	-	0.11
Other Non-Interest Income	4.53	3.9	4.55	3.51	3.39
Total Non-Interest Income	12.84	15.34	10.69	7.87	8.87
Non-Interest Income Growth (YoY)	-16.27%	43.48%	35.79%	-11.26%	164.91%
Revenues Before Loan Losses	73.32	68.43	62.58	62.37	70.13
Provision for Loan Losses	10.38	4.94	2.13	3.43	4.45
Revenue	62.94	63.49	60.45	58.93	65.68
Revenue Growth (YoY)	-0.87%	5.04%	2.57%	-10.27%	49.07%
Salaries and Employee Benefits	27.89	24.01	19.77	18.78	17.98
Occupancy Expenses	7.74	7.22	6.63	6.36	5.63
Federal Deposit Insurance	1.39	1.42	1.48	1.26	0.37
Selling, General & Administrative	4.9	6.76	7.05	6.97	5.88
Other Non-Interest Expense	11.07	7.7	7.2	6.36	5.07
Total Non-Interest Expense	52.98	47.11	42.12	39.72	34.93
EBT Excluding Unusual Items	9.95	16.38	18.33	19.21	30.75
Legal Settlements	-	-	-	0.98	-
Pretax Income	9.95	16.38	18.33	20.19	30.5
Income Tax Expense	2.47	4.03	4.74	5.02	6.94
Net Income	7.49	12.35	13.59	15.16	23.56
Preferred Dividends & Other Adjustments	-	0.38	0.47	0.56	0.9
Net Income to Common	7.49	11.96	13.12	14.6	22.65
Net Income Growth	-39.35%	-9.15%	-10.39%	-35.63%	117.09%
Basic Shares Outstanding	7	7	7	7	6
Diluted Shares Outstanding	7	7	7	7	6
Shares Change (YoY)	4.04%	0.73%	0.20%	15.64%	32.01%
EPS (Basic)	1.00	1.67	1.86	2.07	3.73
EPS (Diluted)	1.00	1.66	1.84	2.05	3.68
EPS Growth	-39.76%	-9.79%	-10.24%	-44.29%	61.40%
Dividend Per Share	0.400	0.400	0.400	0.100	0.200
Dividend Growth	-	-	300.00%	-50.00%	-
Effective Tax Rate	24.77%	24.62%	25.85%	24.88%	22.75%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q