Hanover Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	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	119.33	119.69	122.97	103.98	97.56	67.01
Interest Income on Investments	10.63	10.79	10.05	9.65	7.48	1.42
Total Interest Income	129.95	130.48	133.02	113.63	105.04	68.43
Interest Paid on Deposits	59.34	63.84	72.52	54.32	43.85	5.38
Interest Paid on Borrowings	6.43	6.17	7.41	7.42	6.7	1.8
Total Interest Expense	65.77	70	79.93	61.74	50.55	7.18
Net Interest Income	64.19	60.48	53.09	51.89	54.49	61.25
Net Interest Income Growth	13.94%	13.91%	2.32%	-4.78%	-11.04%	46.86%
Gain (Loss) on Sale of Assets	0.17	0.17	-	-	-	-
Gain (Loss) on Sale of Investments	0.22	0.22	0.03	-	-	0.11
Other Non-Interest Income	4.35	4.37	3.9	4.55	3.51	3.39
Total Non-Interest Income	11.09	12.84	15.34	10.69	7.87	8.87
Non-Interest Income Growth	-28.15%	-16.27%	43.48%	35.79%	-11.26%	164.91%
Revenues Before Loan Losses	75.28	73.32	68.43	62.58	62.37	70.13
Provision for Loan Losses	8.46	10.38	4.94	2.13	3.43	4.45
Revenue	66.82	62.94	63.49	60.45	58.93	65.68
Revenue Growth	-2.04%	-0.87%	5.04%	2.57%	-10.27%	49.07%
Salaries and Employee Benefits	27.46	26.31	24.01	19.77	18.78	17.98
Occupancy Expenses	8.08	7.74	7.22	6.63	6.36	5.63
Federal Deposit Insurance	1.41	1.39	1.42	1.48	1.26	0.37
Selling, General & Administrative	6.28	6.47	6.76	7.05	6.97	5.88
Other Non-Interest Expense	5.02	7.89	7.7	7.2	6.36	5.07
Total Non-Interest Expense	48.25	49.8	47.11	42.12	39.72	34.93
EBT Excluding Unusual Items	18.58	13.13	16.38	18.33	19.21	30.75
Legal Settlements	-	-	-	-	0.98	-
Other Unusual Items	-3.18	-3.18	-	-	-	-
Pretax Income	13.2	9.95	16.38	18.33	20.19	30.5
Income Tax Expense	3.73	2.47	4.03	4.74	5.02	6.94
Net Income	9.46	7.49	12.35	13.59	15.16	23.56
Preferred Dividends & Other Adjustments	0.23	0.19	0.38	0.47	0.56	0.9
Net Income to Common	9.24	7.29	11.96	13.12	14.6	22.65
Net Income Growth	-16.54%	-39.02%	-8.80%	-10.18%	-35.54%	113.04%
Basic Shares Outstanding	7	7	7	7	7	6
Diluted Shares Outstanding	7	7	7	7	7	6
Shares Change	0.28%	1.05%	0.73%	0.20%	15.64%	32.01%
EPS (Basic)	1.28	1.01	1.67	1.86	2.07	3.73
EPS (Diluted)	1.27	1.00	1.66	1.84	2.05	3.68
EPS Growth	-16.92%	-39.76%	-9.79%	-10.24%	-44.29%	61.40%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	0.400	0.400	0.400	0.400	0.100	0.200
Dividend Growth	0%	0%	0%	300.00%	-50.00%	-
Effective Tax Rate	28.29%	24.77%	24.62%	25.85%	24.88%	22.75%

SEC Filings: 10-K · 10-Q