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Hanover Bancorp, Inc.(HNVR)Earnings, Financials & Key Ratios
HNVR•NASDAQ•Banking & Credit
$23.14
23.1× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial real estate and multifamily lenders
AboutHanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.Show more
- Net Interest Income$60M+13.9%
- Total Revenue$143M-3.4%
- Net Income$7M-39.3%
- Return on Equity3.77%-41.5%
- Net Interest Margin2.54%+10.5%
- Efficiency Ratio36.97%+16.4%
- ROA0.32%-42.4%
- Equity / Assets8.4%-1.2%
- Book Value per Share26.78+1.2%
HNVR Price & Volume
Hanover Bancorp, Inc. (HNVR) stock price & volume — 10-year historical chart
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Persistent Margin Compression Masks Credit Quality Risks
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:NYC CRE concentration risk
Key Thesis Takeaways
- Hanover Bancorp faces significant headwinds as its concentrated exposure to the New York City commercial real estate market drives volatile provisioning, which surged to $6.1 million in 2025Q4.
- While the bank has achieved a 14.6% year-over-year increase in net interest income, stagnant margins of 0.7% suggest that rising funding costs are severely limiting bottom-line profitability.
- Investors should remain cautious as the thin equity-to-assets ratio of 0.08 provides a limited buffer against potential credit deterioration in the current interest rate environment.
Verdict Logic
the bank's profitability is severely strained, evidenced by a 2025Q4 net income of only $33,000 and a volatile efficiency ratio that reached 43.7% in 2025Q1.
HNVR Growth Metrics
Hanover Bancorp, Inc. (HNVR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years28.13%
3 Years22.85%
TTM-
Profit CAGR
10 Years-
5 Years8.53%
3 Years-31.75%
TTM-39.35%
EPS CAGR
10 Years-
5 Years-3.42%
3 Years-35.23%
TTM-38.76%
Return on Capital
10 Years1.61%
5 Years1.69%
3 Years1.8%
Last Year1.56%
HNVR Recent Earnings
Hanover Bancorp, Inc. (HNVR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
Apr 27, 2026Metric
Actual
Est
EPS
$0.54+1.9%
$0.53
Rev
$19M-2.0%
$20M
Q2 2026
Mar 13, 2026Metric
Actual
Est
EPS
$0.00
—
Rev
$35M
—
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.00-99.1%
$0.51
Rev
$19M-1.4%
$19M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.47-4.1%
$0.49
Rev
$36M+90.8%
$19M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $0.54vs $0.53+1.9% | $19Mvs $20M-2.0% |
| Q2 2026 | Mar 13, 2026 | $0.00 | $35M |
| Q1 2026 | Jan 29, 2026 | $0.00vs $0.51-99.1% | $19Mvs $19M-1.4% |
| Q4 2025 | Oct 30, 2025 | $0.47vs $0.49-4.1% | $36Mvs $19M+90.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Hanover Bancorp, Inc. (HNVR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.14 | $165.96M | 23.14 | -3.4% | 5.22% | 3.77% | 1.74% | |
| $39.64 | $1.75B | 16.73 | 13.03% | 16.65% | 8.46% | — | |
| $23.29 | $224.61M | 15.95 | -9.41% | 16.49% | 8% | — | |
| $26.75 | $370.06M | 8.23 | -1.55% | 28.51% | 12.62% | — | |
| $29.30 | $264.9M | 14.95 | 27.11% | 18.05% | 11.51% | — | |
| $24.06 | $171.21M | 13.67 | -1.44% | 12.96% | 7.98% | — |
Compare HNVR vs Peers
Hanover Bancorp, Inc. (HNVR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HNVR SEC Filings & Documents
Hanover Bancorp, Inc. (HNVR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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HNVR Frequently Asked Questions
Hanover Bancorp, Inc. (HNVR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Hanover Bancorp, Inc. growing?
Hanover Bancorp, Inc. (HNVR) saw revenue decline by 3.4% over the past year.
Is HNVR profitable?
Yes, Hanover Bancorp, Inc. (HNVR) is profitable, generating $7.5M in net income for fiscal year 2025 (5.2% net margin).
Dividend & Returns
Does HNVR pay dividends?
Yes, Hanover Bancorp, Inc. (HNVR) pays a dividend with a yield of 1.74%. This makes it attractive for income-focused investors.
What is HNVR's return on equity?
Hanover Bancorp, Inc. (HNVR) has a return on equity (ROE) of 3.8%. This is below average, suggesting room for improvement.
Industry Metrics
What is Hanover Bancorp, Inc.'s net interest margin?
Hanover Bancorp, Inc. (HNVR) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.
What is Hanover Bancorp, Inc.'s efficiency ratio?
Hanover Bancorp, Inc. (HNVR) has an efficiency ratio of 37.0%. This is excellent, indicating strong cost control.