Company Analysis

Hanover Bancorp, Inc. (HNVR)

Nasdaq: HNVR · State Commercial Banks · Mineola, NY · filing with the SEC since 2020
Grade3.6
◀ Past 4.7● Present 3.2▶ Future 2.6
1 est.

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period endingDec 31, 2025Dec 31, 2024Sep 30, 2023Sep 30, 2022Sep 30, 2021Sep 30, 2020
Report filedMar 13, 2026Mar 14, 2025Dec 21, 2023Dec 23, 2022Dec 23, 2021·
For lenders
Interest and dividend income130,479133,022105,04368,42948,67540,133
Interest expense on deposits and borrowings70,00279,93050,551···
Net interest income60,47753,09254,49261,25441,70827,122
Provision for credit losses10,3824,9403,4324,4501,0001,250
Net interest income after provision50,09548,15251,06056,80440,70825,872
Noninterest income12,84315,3398,8488,8723,3491,364
Noninterest expense52,98447,11239,72135,18130,00521,022
Interest expense··50,5517,1756,96713,011
Income before income taxes9,95416,37920,18730,49514,0526,214
Income tax expense2,4664,0335,0236,9393,2011,240
Net income7,48812,34615,16423,55610,8514,974
Net income to common shareholders7,29411,96214,60322,65310,633·
Earnings per share, basic1.011.672.073.742.321.20
Earnings per share, diluted1.001.662.053.682.281.18
Weighted average shares, basic7,256,8647,158,1597,040,8296,065,0694,575,210r4,162,280
Weighted average shares, diluted7,262,7807,187,1427,120,9476,158,0464,664,870r4,226,967
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses
Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome
Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense
Interest expense what its borrowing costus-gaap:InterestExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton HNVR · research, not advice