Hanover Bancorp, Inc. (HNVR)

Hanover Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Interest Income on Loans	121.88	122.97	103.98	97.56	67.01	47.69
Interest Income on Investments	10.18	10.05	9.65	7.48	1.42	0.99
Total Interest Income	132.06	133.02	113.63	105.04	68.43	48.68
Interest Paid on Deposits	69.53	72.52	54.32	43.85	5.38	4.73
Interest Paid on Borrowings	6.2	7.41	7.42	6.7	1.8	2.24
Total Interest Expense	75.72	79.93	61.74	50.55	7.18	6.97
Net Interest Income	56.33	53.09	51.89	54.49	61.25	41.71
Net Interest Income Growth (YoY)	11.24%	2.32%	-4.78%	-11.04%	46.86%	53.78%
Gain (Loss) on Sale of Investments	0.03	0.03	-	-	0.11	0.24
Other Non-Interest Income	4.37	3.9	4.55	3.51	3.39	1.68
Total Non-Interest Income	15.43	15.34	10.69	7.87	8.87	3.35
Non-Interest Income Growth (YoY)	9.01%	43.48%	35.79%	-11.26%	164.91%	145.53%
Revenues Before Loan Losses	71.77	68.43	62.58	62.37	70.13	45.06
Provision for Loan Losses	3.56	4.94	2.13	3.43	4.45	1
Revenue	68.21	63.49	60.45	58.93	65.68	44.06
Revenue Growth (YoY)	14.14%	5.04%	2.57%	-10.27%	49.07%	61.76%
Salaries and Employee Benefits	26.08	24.01	19.77	18.78	17.98	13.86
Occupancy Expenses	7.36	7.22	6.63	6.36	5.63	3.28
Federal Deposit Insurance	1.44	1.42	1.48	1.26	0.37	-
Selling, General & Administrative	7.08	6.76	7.05	6.97	5.88	5.71
Other Non-Interest Expense	11.29	7.7	7.2	6.36	5.07	2.73
Total Non-Interest Expense	53.25	47.11	42.12	39.72	34.93	25.58
EBT Excluding Unusual Items	14.96	16.38	18.33	19.21	30.75	18.48
Legal Settlements	-	-	-	0.98	-	-
Pretax Income	14.96	16.38	18.33	20.19	30.5	14.05
Income Tax Expense	3.56	4.03	4.74	5.02	6.94	3.2
Net Income	11.41	12.35	13.59	15.16	23.56	10.85
Preferred Dividends & Other Adjustments	0.34	0.38	0.47	0.56	0.9	0.22
Net Income to Common	11.07	11.96	13.12	14.6	22.65	10.63
Net Income Growth	-6.45%	-9.15%	-10.39%	-35.63%	117.09%	118.15%
Basic Shares Outstanding	7	7	7	7	6	5
Diluted Shares Outstanding	7	7	7	7	6	5
Shares Change (YoY)	0.77%	0.73%	0.20%	15.64%	32.01%	10.36%
EPS (Basic)	1.53	1.67	1.86	2.07	3.73	2.32
EPS (Diluted)	1.53	1.66	1.84	2.05	3.68	2.28
EPS Growth	-7.36%	-9.79%	-10.24%	-44.29%	61.40%	93.22%
Dividend Per Share	0.400	0.400	0.400	0.100	0.200	-
Dividend Growth	-	-	300.00%	-50.00%	-	-
Effective Tax Rate	23.77%	24.62%	25.85%	24.88%	22.75%	22.78%

Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q