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Hanover Bancorp HNVR Debt Issuance Proceeds

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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$198.65M+29.4%
Enterprise value$124.85M-16.1%
P/E21×+7.5×
P/S2.6×+0.5×

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 us-gaap:ProceedsFromFederalHomeLoanBankBorrowings.

The source filing: Hanover Bancorp’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-057877
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash from investing activities1,85316,874
Cash flows from financing activities:
Net decrease in deposits(6,041)(17,843)
Proceeds from term FHLB advances59,780
Repayments of term FHLB advances(100,725)
Proceeds from issuance of subordinated debentures, net of issuance costs34,261
Payments related to tax withholding for equity awards(325)(721)
Cash dividends paid(746)(749)

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's debt issuance proceeds?
Hanover Bancorp (HNVR) reported debt issuance proceeds of $59.78M in Q1 2026.
What does debt issuance proceeds mean?
Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.

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