Hanover Bancorp, Inc. HNVR R2K

Financial Services · Banks - Regional · United States

https://www.hanoverbank.com

Hanover 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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.

Market & Price

Market Cap

$166.46M

Current Price

$23.26

High / Low (52W)

$23.91 / $19.90

Beta

0.12

Valuation

Stock P/E

22.15

Industry PE

12.01

Forward P/E

8.12

PEG Ratio

Book Value

$27.44

Price to Book

0.85

P/S

2.61

EV/EBITDA

Dividend Yield

1.72%

Profitability & Returns

ROCE

ROE

3.94%

ROA

0.34%

Profit Margin

12.30%

Op Margin

29.78%

EPS (Latest Qtr)

$0.25

EPS (TTM)

$1.05

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$128.14M

Total Assets

$2.38B

Current Assets

Working Capital

Ownership

Promoter Holding

31.41%

Chg in Prom Hold

FII / Inst Holding

35.60%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$105.20M

Total Revenue (TTM)

$63.75M

EBITDA

Free Cash Flow

Operating Cash Flow

$10.25M

Shares Outstanding

7.16M

Gross Margin

0.00%

Payout Ratio

38.10%

Growth (CAGR)

Revenue 5Y

1.50%

Profit 5Y

-31.75%

Revenue (YoY)

4.60%

Earnings (YoY)

25.00%

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -31.8% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HNVR Hanover Bancorp, Inc. R2K	23.26	22.15	$166.46M	1.72%	-	3.94%	1.50%	-31.75%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2020	Jun 2020	Dec 2020	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18.36M	18.36M	18.01M	18.59M	19.11M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18.21M	17.25M	17.77M	16.77M	15.93M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.76M	3.38M	4.67M	136.00K	2.97M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	244.00K	940.00K	1.18M	103.00K	1.10M
Net Income	249.00K	1.41M	1.52M	2.06M	221.00K	6.54M	5.86M	5.33M	5.34M	3.21M	3.09M	3.52M	3.76M	4.06M	844.00K	-	-	1.52M	2.44M	3.49M	33.00K	1.87M
Diluted EPS	0.06	0.33	0.36	0.48	0.05	1.16	1.00	0.80	0.72	0.43	0.42	0.48	0.51	0.55	0.11	-	-	0.20	0.33	0.47	0.00	0.25

Profit & Loss (Annual)

Figures in USD.

Metric	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Dec 2024	Dec 2025
Revenue	-	-	70.13M	63.34M	68.43M	73.32M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-
Interest Expense	-	-	7.17M	50.55M	79.93M	70.00M
Pretax Income	-	-	30.50M	20.19M	16.38M	9.95M
Tax Provision	-	-	6.94M	5.02M	4.03M	2.47M
Net Income	4.97M	-	23.56M	15.16M	12.35M	7.49M
Diluted EPS	1.18	-	3.68	2.05	1.66	1.00

Compounded Sales Growth

5 Years:	1.50%
1 Year:	4.60%

Compounded Profit Growth

5 Years:	-31.75%
1 Year:	25.00%

Stock Price Performance

1 Year:	+4.69%
6 Months:	+4.24%
3 Months:	+12.96%
1 Month:	+0.26%

Balance Sheet (Annual)

Figures in USD.

Metric	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	851.61M	-	-	2.15B	2.27B	2.31B	2.38B
Current Assets	-	-	-	-	-	-	-	-
Cash & Equivalents	-	80.21M	-	-	192.11M	176.68M	162.86M	208.90M
Inventory	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	10.64M	11.91M	11.85M	11.78M
Total Liabilities	-	773.56M	-	-	1.96B	2.09B	2.12B	2.18B
Current Liabilities	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	204.47M	153.59M	132.49M	125.47M
Total Debt	-	-	-	-	215.37M	164.05M	141.52M	136.03M
Total Equity	71.95M	78.04M	-	-	185.91M	184.83M	196.64M	200.27M
Shares Outstanding	-	-	-	-	7.17M	7.20M	7.15M	7.14M

Cash Flows (Annual)

Figures in USD.

Metric	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Dec 2024	Dec 2025
Operating Cash Flow	566.00K	-	25.08M	16.40M	5.44M	13.05M
Investing Cash Flow	-7.29M	-	-374.15M	-256.36M	-45.36M	-27.95M
Financing Cash Flow	-898.00K	-	332.47M	282.64M	25.57M	60.94M
Capital Expenditure	-1.09M	-	-1.12M	-3.41M	-1.29M	-869.00K
Free Cash Flow	-527.00K	-	23.96M	12.99M	4.15M	12.18M
Net Change in Cash	-	-	-16.60M	42.68M	-14.35M	46.05M
Share Buybacks	-	-	-	-	0	1.83M
Dividends Paid	-	-	-	2.93M	2.96M	3.01M

Ratios (Annual)

Figures in %.

Metric	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-
Net Margin %	-	-	33.6%	23.9%	18.0%	10.2%
ROE %	6.4%	-	-	8.2%	6.3%	3.7%
ROCE %	-	-	-	-	-	-

Shareholding Pattern

Insiders

31.41%

Institutions

35.60%

Public Float

51.90%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Fourthstone LLC	7.29%	521.65K	$12.13M
2	Alliancebernstein L.P.	4.43%	317.38K	$7.38M
3	Vanguard Capital Management LLC	3.57%	255.40K	$5.94M
4	Blackrock Inc.	3.17%	227.20K	$5.28M
5	Geode Capital Management, LLC	1.24%	88.71K	$2.06M
6	BANC FUNDS CO LLC	1.07%	76.76K	$1.79M
7	Corient Private Wealth LLC	0.59%	42.24K	$982.48K
8	Northern Trust Corporation	0.54%	38.69K	$899.95K
9	State Street Corporation	0.54%	38.87K	$904.05K
10	Goldman Sachs Group Inc	0.46%	33.12K	$770.32K

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HNVR · Financial Services