HNVR
Hanover Bancorp Inc
NASDAQ: HNVR · FINANCIAL SERVICES · BANKS - REGIONAL
$23.72
+1.80% today
Updated 2026-04-30
Market cap
$160.17M
P/E ratio
22.38
P/S ratio
2.55x
EPS (TTM)
$1.00
Dividend yield
1.79%
52W range
$20 – $24
Volume
0.0M
Hanover Bancorp Inc (HNVR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.50M | $13.05M | $19.34M | $39.27M | $41.50M | $52.02M | $70.70M | $63.34M | $148.36M | $143.32M |
| Revenue growth (YoY) | — | +37.3% | +48.2% | +103.0% | +5.7% | +25.4% | +35.9% | -10.4% | +134.2% | -3.4% |
| Cost of revenue | — | — | — | — | $14.26M | $7.97M | $11.63M | $6.36M | $84.87M | $80.38M |
| Gross profit | $9.50M | $13.05M | $19.34M | $39.27M | $27.24M | $44.06M | $70.70M | $56.98M | $63.49M | $62.94M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 65.6% | 84.7% | 100.0% | 90.0% | 42.8% | 43.9% |
| R&D | — | — | — | — | — | — | — | — | — | — |
| SG&A | $937000.00 | $1.18M | $1.60M | $1.44M | $12.09M | $14.76M | $21.29M | $23.86M | $27.02M | $35.63M |
| Operating income | $3.04M | $3.92M | $7.46M | $11.39M | $6.21M | $14.05M | $37.67M | $1.77M | $16.38M | $9.95M |
| Operating margin | 32.0% | 30.0% | 38.6% | 29.0% | 15.0% | 27.0% | 53.3% | 2.8% | 11.0% | 6.9% |
| EBITDA | $4.81M | $-297000.00 | $-931000.00 | $11.03M | $7.56M | $15.53M | $39.41M | $1.77M | $20.25M | $9.95M |
| EBITDA margin | 50.6% | -2.3% | -4.8% | 28.1% | 18.2% | 29.8% | 55.8% | 2.8% | 13.6% | 6.9% |
| EBIT | $7.85M | $3.62M | $6.53M | $10.33M | $6.21M | $14.05M | $37.67M | $1.77M | $16.38M | — |
| Interest expense | — | — | $0.00 | $2.84M | $13.01M | $6.97M | $7.17M | $50.55M | $79.93M | $70.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.97M | $2.15M | $4.60M | $8.09M | $4.97M | $10.85M | $23.56M | $15.16M | $12.35M | $7.49M |
| Net income growth (YoY) | — | +9.5% | +113.8% | +75.7% | -38.5% | +118.2% | +117.1% | -35.6% | -18.6% | -39.3% |
| Profit margin | 20.7% | 16.5% | 23.8% | 20.6% | 12.0% | 20.9% | 33.3% | 23.9% | 8.3% | 5.2% |