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Hanover Bancorp HNVR Prepaid Pension

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Other financials

Income statement

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

Balance sheet

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Cash & equivalents$141.2M-14.2%
Total debt$67.4M-57.8%
Total equity$202.7M+1.9%
Total assets$2.3B+1.1%

Cash flow

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Operating cash flow$18.4M+943%
CapEx$442.0K+391%
Free cash flow$18.0M+973%

Valuation

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Market cap$197.55M+22.4%
Enterprise value$123.75M-22.6%
P/E20.9×+6.7×
P/S2.6×+0.4×

Profitability

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Net margin12.6%-3.3pp
FCF margin34.2%+24.3pp

Returns & leverage

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Return on equity4.7%-1.2pp
Debt / equity0.3×-0.5×

Where this comes from

Reported directly by Hanover Bancorp in its filing.

Tagged under the XBRL concept hnvr:PrepaidPension.

The source filing: Hanover Bancorp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092675
ASSETSJune 30, 2026 / (unaudited)December 31, 2025
Premises and equipment, net14,05214,313
Operating lease assets7,0069,855
Accrued interest receivable11,64611,780
Prepaid post retirement plan3,2143,247
Stock in Federal Home Loan Bank ("FHLB"), at cost5,8487,792
Goodwill19,16819,168
Loan servicing rights6,0206,320
Other assets10,79612,686

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's prepaid pension?
Hanover Bancorp (HNVR) reported prepaid pension of $3.21M in Q2 2026.
How has Hanover Bancorp's prepaid pension changed year-over-year?
Hanover Bancorp's prepaid pension decreased by 3.0% year-over-year, from $3.31M to $3.21M.
What is the long-term trend for Hanover Bancorp's prepaid pension?
Over 2 years (2023 to 2025), Hanover Bancorp's prepaid pension has grown at a -3.7% compound annual growth rate (CAGR), from $3.5M to $3.25M.
What does prepaid pension mean?
Prepaid Pension as reported by Hanover Bancorp, Inc. Common Stock.

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