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Home CompaniesHanover Bancorp Inc

Hanover Bancorp Inc

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
22.18 USD 0.02 ( 0.09%)
Last update at 2026-11-12T14:30:00Z
VOLUME
322
Market Cap
192.75M
P/E
21.51

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
22.18
Low
22.18
High
52 Week Price Range
19.57
Low
27.94
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Hanover Bancorp, Inc. is a small regional bank holding company that provides commercial and consumer lending, mortgage and deposit services through its banking operations. Long-term growth may be supported by local loan and deposit expansion, net interest margin recovery and fee-income diversification, and investors may find the company attractive for its community banking franchise and potential for steady earnings generation.
Material risks include credit-quality deterioration, margin pressure from interest-rate shifts, deposit competition and regulatory or execution challenges that could weigh on profitability.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
22.16
Dividend Yield
1.48%
Revenue TTM
66.82M
Revenue Per Share
9.23
Gross Profit TTM
66.82M
Debt / Equity
0.68
ROE
4.71%
Net Debt
-72.87M
ROCE
2.82%
Diluted EPS TTM
1.27

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax 9.95M 16.38M 20.19M 30.50M 14.05M
Net income 7.49M 12.35M 15.16M 23.56M 10.85M
Selling general administrative 35.63M 27.02M 23.86M 21.29M 16.29M
Selling and marketing expenses - - - 0.35M 0.12M
Gross profit 62.94M 63.49M 56.98M 1.70M 45.06M
Reconciled depreciation 4.15M 3.87M - 1.74M 1.48M
Ebit 9.95M 16.38M - 37.67M 14.05M
Ebitda 14.10M 20.25M 1.77M 39.41M 15.53M
Depreciation and amortization 4.15M 3.87M - 1.74M 1.48M
Operating income 9.95M 16.38M 1.77M 37.67M 14.05M
Other operating expenses 133.37M 131.98M 9.50M 5.09M -31.00M
Interest expense 70.00M 79.93M 50.55M 7.17M 6.97M
Tax provision 2.47M 4.03M 5.02M 6.94M 3.20M
Interest income 130.48M 133.02M 105.04M 68.43M 48.67M
Net interest income 60.48M 53.09M 54.49M 61.25M 41.71M
Income tax expense 2.47M 4.03M 5.02M 6.94M 3.20M
Total revenue 143.32M 148.36M 63.34M 1.70M 45.06M
Total operating expenses 52.98M 47.11M 3.15M 5.09M -31.00M
Cost of revenue 80.38M 84.87M 6.36M - -
Total other income expense net 9.69M 16.17M 18.42M -7.17M -6.97M
Net income from continuing ops 7.49M 12.35M 15.16M 23.56M 10.85M
Net income applicable to common shares - - - 23.56M 10.85M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 2383.10M 2312.11M 2149.63M 1840.06M 1484.64M
Intangible assets 6.52M 6.27M - 4.75M 4.17M
Other current assets 3.25M 3.38M - -8.55M 1261.58M
Total liab 2182.83M 2115.47M 215.37M 1667.47M 1362.11M
Total stockholder equity 200.27M 196.64M 185.91M 172.58M 122.53M
Other current liab 2028.39M 1954.28M - -2.51M -1.29M
Common stock 0.07M 0.07M - 0.07M 0.06M
Capital stock 5.11M 5.11M - 0.07M 0.06M
Retained earnings 72.40M 67.92M - 46.48M 24.97M
Other liab - - - 13.05M 12.01M
Good will 19.17M 19.17M 19.17M 19.17M 19.17M
Other assets 2174.19M - 1885.70M 1631.03M 1261.58M
Cash 208.90M 162.86M 192.62M 149.95M 151.25M
Total current liabilities 2030.13M 1955.82M - 0.92M 1.29M
Current deferred revenue - - - 2.51M -
Net debt -72.87M -21.34M 22.75M -23.63M 32.90M
Short term debt - - - 101.75M -
Short long term debt total 136.03M 141.52M 215.37M 126.32M 184.16M
Other stockholder equity 123.43M 124.94M - 126.66M 97.25M
Property plant equipment - - - 14.46M 15.00M
Total current assets 260.86M 261.84M 203.51M 162.23M 168.36M
Long term investments 100.57M 87.51M 15.00M 16.70M 16.36M
Net tangible assets - - - 153.42M 102.88M
Short term investments 36.93M 83.75M 10.89M 12.29M 7.75M
Net receivables 11.78M 11.85M - 8.55M 9.36M
Long term debt 125.47M 132.49M 204.47M 126.32M 184.16M
Accounts payable 1.74M 1.53M - 0.92M 1.29M
Accumulated other comprehensive income -0.68M -1.33M - -0.62M 0.26M
Common stock total equity - - - 0.07M -
Retained earnings total equity - - - 46.48M -
Non currrent assets other 30.14M 29.02M -60.41M -6.04M -3.56M
Non current assets total 2122.24M 2050.27M 60.41M 46.80M 54.70M
Capital lease obligations 10.57M 9.03M 10.90M - -
Long term debt total - - - 24.57M -
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments -11.49M -45.82M - -370.46M 0.98M
Change to liabilities - - - -0.25M 0.00M
Total cashflows from investing activities -27.95M -45.36M - -374.15M 89.85M
Net borrowings -7.08M -21.15M - -57.71M -174.54M
Total cash from financing activities 60.94M 25.57M - 332.50M -16.71M
Change to operating activities - - - -0.25M 1.50M
Net income 7.49M 12.35M 15.16M 23.56M 10.85M
Change in cash 46.05M -14.35M - -16.60M 86.33M
Begin period cash flow 162.86M 177.21M 149.95M 166.54M 80.21M
End period cash flow 208.90M 162.86M - 149.95M 166.54M
Total cash from operating activities 13.05M 5.44M - 25.05M 13.19M
Issuance of capital stock - - - 27.77M 0.11M
Depreciation 4.15M 3.87M - 1.74M 1.48M
Other cashflows from investing activities -15.59M -22.68M - -2.57M 1.15M
Dividends paid 3.01M 2.96M - -2.05M 2.05M
Change to account receivables 0.07M 0.07M - 0.82M 1.92M
Sale purchase of stock -1.83M -0.20M - 27.77M -
Other cashflows from financing activities 73.33M 49.87M - 439.49M 182.18M
Change to netincome - - - 2.80M -2.63M
Capital expenditures 0.87M 1.29M 0.00M 1.12M 2.08M
Change receivables - - - 0.82M -
Cash flows other operating - - - -0.11M -
Cash and cash equivalents changes - - - -16.60M -
Change in working capital -2.86M -6.60M - 0.56M 3.43M
Stock based compensation 1.57M 1.59M - 1.68M 0.90M
Other non cash items 0.70M -6.36M - -3.82M -3.83M
Free cash flow 12.18M 4.15M - 23.93M 11.11M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
HNVR
Hanover Bancorp Inc		 0.02
0.09%		 22.18 21.51 - 2.88 0.97 3.95
DBSDY
DBS Group Holdings Ltd ADR		 -0.76
0.34%		 219.92 20.00 17.57 7.54 3.17 13.19
CIHHF
China Merchants Bank Co Ltd Class H		 -
-%		 6.62 7.70 7.10 0.55 0.83 3.51
CIHKY
China Merchants Bank Co Ltd		 0.28
0.82%		 34.49 7.79 7.20 0.55 0.85 3.51
UNCFF
UniCredit SpA		 -0.46
0.49%		 92.86 11.53 10.27 5.72 1.83 8.22

Profile*

Hanover Bancorp Inc

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.

80 East Jericho Turnpike, Mineola, NY, United States, 11501

516 548 8500

https://www.hanoverbank.com

194

Name Title Year Born
Mr. Michael P. Puorro CPA CEO & Chairman 1960
Mr. Brian K. Finneran Pres 1958
Mr. Lance P. Burke Exec. VP & CFO 1979
Ms. Lisa A. Dilorio First Sr. VP & Chief Accounting Officer 1964
Ms. Alice T. Rouse Exec. VP & Chief Risk Officer 1966
Mr. McClelland W. Wilcox Sr. Exec. VP, Chief Lending & Chief Revenue Officer 1971
Mr. Michael P. Locorriere Exec. VP & Chief Municipal Officer 1968
Ms. Michelle Mihas First VP & Corp. Sec. NA
Mr. McClelland W. Wilcox President & Chief Revenue Officer 1972
Mr. Kevin Corbett Executive VP & Chief Credit Officer 1960

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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