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Hanover Bancorp

HNVR

Hanover Bancorp, Inc. is the bank holding company for Hanover Community Bank, a community-oriented commercial bank serving the New York metropolitan area and New Jersey.

Market cap
$194.09M+26.4%
Revenue$75.3M+4.9%
Net income$9.5M-17.0%
EPS (diluted)$1.27-17.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 3 months)
Revenue estimate$20.0M
EPS estimate$0.60

Financials

Q2 2026

Income statement

See full
Revenue$19.6M+6.6%
Net income$4.1M+66.4%
EPS (diluted)$0.55+66.7%

Balance sheet

See full
Cash & equivalents$141.2M-14.2%
Total debt$7.6M-95.2%
Total equity$202.7M+1.9%
Total assets$2.3B+1.1%

Valuation & ratios

Valuation

See full
Market cap$194.09M+26.4%
Enterprise value$60.47M-59.2%
P/E20.5×+7.1×
P/S2.6×+0.4×

Profitability

See full
Net margin12.6%-3.3pp

Returns & leverage

See full
Return on equity4.7%-1.2pp
Debt / equity-0.8×

Competitors

Profile

Hanover Bancorp, Inc. is the bank holding company for Hanover Community Bank, a community-oriented commercial bank serving the New York metropolitan area and New Jersey. The company provides highly personalized financial services, specializing in niche lending markets and commercial banking for small to medium-sized businesses. Its core value proposition centers on strong local community ties, differentiated consumer services, and a robust capital base.

Competitive position

A community-focused regional player with a 'branch-lite' strategy and specialized expertise in non-conforming residential loans and SBA lending.

GeographiesNew York, New Jersey, United States
Customer segmentsSmall and Medium Enterprises, Retail Consumers, Municipal Governments, Real Estate Investors
Business modelInterest Income, Fee-based Services, Loan Origination and Sale
SuppliersFederal Deposit Insurance Corporation, Federal Reserve System, Loan Brokers, Depositors
CustomersSmall Business Owners, Residential Homebuyers, Local Government Entities, Secondary Market Loan Purchasers
Listed2022
Employees176.0
CEOMichael Puorro
FilingsSEC EDGAR

FAQ

What is Hanover Bancorp's market cap?
Hanover Bancorp (HNVR) has a market capitalization of $194.1M and trades on NASDAQ.
What is Hanover Bancorp's revenue and profitability?
Hanover Bancorp generated $75.3M in trailing twelve-month revenue with net income of $9.5M, representing a net margin of 12.6%. These figures are based on the Q2 2026 filing.
Who are Hanover Bancorp's competitors?
Hanover Bancorp's key competitors include NB Bancorp, Inc. Common Stock, Rhinebeck Bancorp, Inc. Common Stock, Home Federal Bancorp, Inc. of Louisiana, and others. These companies compete in similar markets and product categories.
What subsidiaries does Hanover Bancorp have?
Hanover Bancorp's subsidiaries include Hanover Community Bank, Chinatown Federal Savings Bank, Savoy Bank.
Where is Hanover Bancorp headquartered?
Hanover Bancorp is headquartered in United States of America and employs approximately 176 people. It has been publicly traded since 2022.