Hanover Bancorp, Inc. (HNVR)

Hanover Bancorp Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Sep 30, 2023	Sep 30, 2022
Net Interest Income	60.48	53.09	51.89	54.49	61.25
Net Interest Income Growth	13.91%	2.32%	-4.78%	-11.04%	46.86%
Non-Interest Income	12.84	15.34	9.72	8.85	8.87
Non-Interest Income Growth	-16.27%	57.87%	9.81%	-0.27%	164.91%
Revenues Before Loan Losses	73.32	68.43	61.6	63.34	70.13
Provision for Credit Losses	10.38	4.94	2.13	3.43	4.45
Revenue	62.94	63.49	59.47	59.91	65.68
Revenue Growth (YoY)	-0.87%	6.76%	-0.73%	-8.78%	49.07%
Compensation Expenses	27.89	25.6	-	20.65	19.67
Selling, General & Admin	14.03	13.82	-	12.71	10.45
Other Non-Interest Expenses	11.07	7.7	-	6.36	5.07
Total Non-Interest Expense	52.98	47.11	42.12	39.72	35.18
Pretax Income	9.95	16.38	18.33	20.19	30.5
Provision for Income Taxes	2.47	4.03	4.74	5.02	6.94
Net Income	7.49	12.35	13.59	15.16	23.56
Net Income to Common	7.49	12.35	13.59	15.16	23.56
Net Income Growth	-39.35%	-9.15%	-10.39%	-35.63%	117.09%
Shares Outstanding (Basic)	7	7	7	7	6
Shares Outstanding (Diluted)	7	7	7	7	6
Shares Change (YoY)	1.05%	-2.70%	3.73%	15.64%	32.01%
EPS (Basic)	1.01	1.67	1.85	2.07	3.74
EPS (Diluted)	1.00	1.66	1.85	2.05	3.68
EPS Growth	-39.76%	-10.27%	-9.76%	-44.29%	61.40%
Shares Outstanding	7.14	7.15	7.2	7.17	7.29
Free Cash Flow	12.18	4.15	2.13	12.99	23.96
Free Cash Flow Growth	193.68%	94.56%	-83.59%	-45.77%	115.59%
Free Cash Flow Per Share	1.68	0.58	0.29	1.82	3.89
Dividends Per Share	0.400	0.400	0.400	0.100	0.200
Dividend Growth	-	-	300.00%	-50.00%	-
Profit Margin	11.90%	19.45%	22.85%	25.31%	35.87%
FCF Margin	19.36%	6.53%	3.58%	21.69%	36.48%
EBITDA	2.06	2.15	0	1.88	1.74
EBITDA Margin	3.27%	3.39%	0.00%	3.14%	2.66%
Effective Tax Rate	24.77%	24.62%	25.85%	24.88%	22.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q