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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:DepreciationAmortizationAndAccretionNet.

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
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net income$5,938$3,964
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses1,0302,957
Depreciation and amortization1,009974
Amortization of right-of-use assets2,8491,053
Stock-based compensation799886
Net gain on sale of loans held-for-sale(2,820)(4,650)
Net amortization of premiums, discounts and loan fees and costs1,085913

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's D&A?
Hanover Bancorp (HNVR) reported D&A of $500K in Q2 2026.
How has Hanover Bancorp's D&A changed year-over-year?
Hanover Bancorp's D&A increased by 4.2% year-over-year, from $480K to $500K.
What is the long-term trend for Hanover Bancorp's D&A?
Over 4 years (2021 to 2025), Hanover Bancorp's D&A has grown at a 8.6% compound annual growth rate (CAGR), from $1.44M to $2.01M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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