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Hanover Bancorp, Inc. logo

Hanover Bancorp, Inc.

HNVR

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Previous close

$27.06

−$0.02 · -0.07%

Aug 21, 4:00 PM ET

HNVR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

53

Neutral

Sentiment

44

Mixed

Risk resilience

78

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Hanover Bancorp, Inc. functions as the parent entity for Hanover Community Bank, providing a comprehensive range of financial products and services. These offerings serve individuals, municipalities, and small to mid-sized businesses across the New York metropolitan area. The bank's extensive portfolio includes various deposit options such as checking, savings, money market, NOW, and individual retirement accounts, alongside certificates of deposit and time deposits, as well as card services. For lending needs, it offers residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, Small Business Administration (SBA) loans, home equity financing, multi-family property loans, general business loans, bridge loans, and other personal purpose loans. Branch locations are established in Manhattan, Brooklyn, Queens, and Nassau County, New York, with its administrative hub situated in Suffolk County, New York. Established in 2008, Hanover Bancorp, Inc. maintains its headquarters in Mineola, New York.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Michael Puorro
Listed since
May 11, 2022
Employees
194

Market position

Day range

Current $27.06

52-week range

Current $27.06

Open
$27.17
Previous close
$27.08
Volume
28.44K
0.53× average
Average volume
53.18K
Average daily volume
Market cap
193.66M USD
Beta
0.11
Market reference 1
50-day average
$25.0681
+7.95% above average
200-day average
$23.2219
+16.53% above average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends93%61%29%-3%Gross margin, FY2021: 84.69%Gross margin, FY2022: 84.96%Gross margin, FY2023: 52.60%Gross margin, FY2024: 42.79%Gross margin, FY2025: 43.91%Operating margin, FY2021: 27.01%Operating margin, FY2022: 39.45%Operating margin, FY2023: 17.72%Operating margin, FY2024: 11.04%Operating margin, FY2025: 6.95%Net margin, FY2021: 20.86%Net margin, FY2022: 30.47%Net margin, FY2023: 13.31%Net margin, FY2024: 8.32%Net margin, FY2025: 5.22%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 84.69%. Gross margin FY2022 84.96%. Gross margin FY2023 52.60%. Gross margin FY2024 42.79%. Gross margin FY2025 43.91%. Operating margin FY2021 27.01%. Operating margin FY2022 39.45%. Operating margin FY2023 17.72%. Operating margin FY2024 11.04%. Operating margin FY2025 6.95%. Net margin FY2021 20.86%. Net margin FY2022 30.47%. Net margin FY2023 13.31%. Net margin FY2024 8.32%. Net margin FY2025 5.22%.

Income trends

Revenue

143.32M USD-3.40%

Operating income

9.95M USD-39.23%

Net income

7.49M USD-39.35%
Income trends across reported periods162.45M USD106.1M USD49.75M USD−6.6M USDRevenue, FY2021: 52.02M USDRevenue, FY2022: 77.3M USDRevenue, FY2023: 113.89M USDRevenue, FY2024: 148.36M USDRevenue, FY2025: 143.32M USDOperating income, FY2021: 14.05M USDOperating income, FY2022: 30.5M USDOperating income, FY2023: 20.19M USDOperating income, FY2024: 16.38M USDOperating income, FY2025: 9.95M USDNet income, FY2021: 10.85M USDNet income, FY2022: 23.56M USDNet income, FY2023: 15.16M USDNet income, FY2024: 12.35M USDNet income, FY2025: 7.49M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 52.02M USD. Revenue FY2022 77.3M USD. Revenue FY2023 113.89M USD. Revenue FY2024 148.36M USD. Revenue FY2025 143.32M USD. Operating income FY2021 14.05M USD. Operating income FY2022 30.5M USD. Operating income FY2023 20.19M USD. Operating income FY2024 16.38M USD. Operating income FY2025 9.95M USD. Net income FY2021 10.85M USD. Net income FY2022 23.56M USD. Net income FY2023 15.16M USD. Net income FY2024 12.35M USD. Net income FY2025 7.49M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue143.32M USD148.36M USD113.89M USD77.3M USD52.02M USD
Cost of goods sold80.38M USD84.87M USD53.98M USD11.63M USD7.97M USD
Gross profit62.94M USD63.49M USD59.91M USD65.68M USD44.06M USD
Selling, general, and administrative35.63M USD27.02M USD21.91M USD20.03M USD14.88M USD
Operating expenses52.98M USD47.11M USD39.72M USD35.18M USD30.01M USD
Interest income130.48M USD133.02M USD105.04M USD68.43M USD48.68M USD
Interest expense70M USD79.93M USD50.55M USD7.18M USD6.97M USD
Depreciation and amortization4.15M USD3.87M USD3.49M USD1.74M USD1.48M USD
Operating income9.95M USD16.38M USD20.19M USD30.5M USD14.05M USD
Net income7.49M USD12.35M USD15.16M USD23.56M USD10.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
-9.91%
11 comparable reports
Latest EPS result
0.58
Estimate 0.57 · Beat by 2.65%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.650.430.220Q2 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q2 2025, reported Apr 16, 2025: actual 0.55, estimate 0.51, surprise +7.84%, Beat. Q2 2025, reported Apr 23, 2025: actual 0.55, estimate 0.51, surprise +7.84%, Beat. Q3 2025, reported Jul 23, 2025: actual 0.33, estimate 0.57, surprise -42.11%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.47, estimate 0.49, surprise -4.08%, Miss. Q1 2026, reported Jan 29, 2026: actual 0.004, estimate 0.51, surprise -99.14%, Miss. Q2 2026, reported Apr 27, 2026: actual 0.54, estimate 0.53, surprise +1.89%, Beat. Q3 2026, reported Jul 23, 2026: actual 0.58, estimate 0.565, surprise +2.65%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates38.05M30.87M23.69M16.51MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 18M USD, estimate 18M USD, surprise -0.03%, Miss. Q2 2025, reported Apr 23, 2025: actual 36.57M USD, estimate 19.3M USD, surprise +89.48%, Beat. Q3 2025, reported Jul 23, 2025: actual 35.61M USD, estimate 19.3M USD, surprise +84.51%, Beat. Q4 2025, reported Oct 30, 2025: actual 35.78M USD, estimate 18.75M USD, surprise +90.82%, Beat. Q1 2026, reported Jan 29, 2026: actual 18.6M USD, estimate 18.85M USD, surprise -1.35%, Miss. Q2 2026, reported Apr 27, 2026: actual 19.11M USD, estimate 19.5M USD, surprise -2.02%, Miss. Q3 2026, reported Jul 23, 2026: actual 19.57M USD, estimate 19.83M USD, surprise -1.34%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 20M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$28.50

5.32% upside
Past 12 months12-month forecastHigh $28.50Average $28.50Low $28.50

Recent analyst actions

2 institutions
Stephens & Co.maintainEqual Weight

HNVR news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.40

2025 complete year0.0% since 2023

2026 partial: $0.30

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 6, 2026

$0.10

Quarterly

Record Aug 6, 2026 · Payment Aug 13, 2026

Dividend

Ex-dividend May 11, 2026

$0.10

Quarterly

Record May 11, 2026 · Payment May 18, 2026

Dividend

Ex-dividend Feb 12, 2026

$0.10

Quarterly

Record Feb 12, 2026 · Payment Feb 26, 2026

Dividend

Ex-dividend Nov 13, 2025

$0.10

Quarterly

Record Nov 13, 2025 · Payment Nov 20, 2025

Dividend

Ex-dividend Aug 6, 2025

$0.10

Quarterly

Record Aug 6, 2025 · Payment Aug 13, 2025

Dividend

Ex-dividend May 7, 2025

$0.10

Quarterly

Record May 7, 2025 · Payment May 14, 2025

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ETFs holding HNVR

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
4.22M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
2.94M
Weight
0.00%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.46M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
1.42M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
696.39K
Weight
0.01%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
655.39K
Weight
0.00%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
425.37K
Weight
0.03%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
222.03K
Weight
—
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%

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