Hanover Bancorp, Inc. (HNVR)

Hanover Bancorp Balance Sheet

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
Cash & Equivalents	164.54	162.86	177.21	192.62	149.95	166.54
Investment Securities	102.64	71.61	61.22	10.75	12.04	10.41
Trading Asset Securities	-	-	-	0.45	-	-
Mortgage-Backed Securities	3.59	15.91	4.24	4.25	4.66	5.94
Total Investments	106.23	87.51	65.46	15.44	16.7	16.36
Gross Loans	1,966	1,986	1,957	1,875	1,624	1,247
Allowance for Loan Losses	-21.57	-22.78	-19.66	-14.69	-12.84	-8.55
Net Loans	1,945	1,963	1,938	1,860	1,611	1,239
Property, Plant & Equipment	25.28	23.67	25.64	26.25	14.46	15
Goodwill	19.17	19.17	19.17	19.17	19.17	19.17
Other Intangible Assets	-	0.25	0.31	0.33	0.4	0.48
Loans Held for Sale	10.59	12.4	8.9	-	-	-
Accrued Interest Receivable	-	11.85	11.92	10.64	8.55	9.36
Long-Term Deferred Tax Assets	-	1.57	2.46	1.51	2.51	3.56
Other Long-Term Assets	41.29	22.2	12.84	13.16	11.36	11.88
Total Assets	2,312	2,312	2,270	2,150	1,840	1,485
Interest Bearing Deposits	1,708	1,743	1,697	1,549	1,221	912.88
Institutional Deposits	-	-	-	-	87.9	60.24
Non-Interest Bearing Deposits	243.66	211.66	207.78	185.73	219.23	191.54
Total Deposits	1,951	1,954	1,905	1,735	1,528	1,165
Short-Term Borrowings	-	0.93	2.36	49	55	-
Current Portion of Long-Term Debt	-	-	18.86	18.86	11.86	4
Accrued Interest Payable	-	1.53	1.72	1.82	0.92	1.29
Long-Term Debt	132.52	24.69	26.92	28.81	33.52	142.18
Federal Home Loan Bank Debt, Long-Term	-	107.81	107.81	107.81	25.94	37.98
Long-Term Leases	11.57	9.03	10.46	10.9	-	-
Other Long-Term Liabilities	17.72	17.21	12.5	11.37	12.13	12.01
Total Liabilities	2,113	2,115	2,085	1,964	1,667	1,362
Preferred Stock, Non-Redeemable	-	5.04	2.96	2.96	-	-
Total Preferred Equity	-	5.04	2.96	2.96	-	-
Common Stock	198.89	0.07	0.07	0.07	0.07	0.06
Retained Earnings	-	67.92	58.55	58.69	46.48	24.97
Comprehensive Income & Other	-	123.6	123.24	124.18	126.04	97.5
Total Common Equity	198.89	191.6	181.87	182.94	172.58	122.53
Shareholders' Equity	198.89	196.64	184.83	185.91	172.58	122.53
Total Liabilities & Equity	2,312	2,312	2,270	2,150	1,840	1,485
Total Debt	144.09	142.45	166.41	215.37	126.32	184.16
Net Cash (Debt)	20.45	20.41	10.8	-22.3	23.63	-17.61
Net Cash Growth	-	89.01%	-	-	-	-
Net Cash Per Share	2.84	2.84	1.51	-3.13	3.84	-3.78
Filing Date Shares Outstanding	7.5	7.2	7.23	7.33	7.15	5.56
Total Common Shares Outstanding	7.5	7.15	7.2	7.17	7.29	5.56
Book Value Per Share	26.51	26.79	25.28	25.51	23.69	22.02
Tangible Book Value	179.72	172.18	162.39	163.45	153.02	102.88
Tangible Book Value Per Share	23.96	24.07	22.57	22.79	21.00	18.49

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

SEC Filings: 10-K · 10-Q