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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:Deposits.

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
Non-interest-bearing demand$254,270$247,786
Savings, NOW and money market1,252,2311,270,705
Time506,338509,896
Total deposits2,012,8392,028,387
Borrowings59,810100,725
Subordinated debentures, $35,000 and $25,000 face amount at June 30, 2026 and December 31, 2025, respectively (less unamortized debt issuance costs of $771 and $257 at June 30, 2026 and December 31, 2025)34,22924,743
Operating lease liabilities7,62810,567
Accrued interest payable1,7751,741

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's deposits?
Hanover Bancorp (HNVR) reported deposits of $2.01B in Q2 2026.
How has Hanover Bancorp's deposits changed year-over-year?
Hanover Bancorp's deposits increased by 3.2% year-over-year, from $1.95B to $2.01B.
What is the long-term trend for Hanover Bancorp's deposits?
Over 4 years (2021 to 2025), Hanover Bancorp's deposits has grown at a 14.6% compound annual growth rate (CAGR), from $1.18B to $2.03B.
What does deposits mean?
Total customer deposits held by a bank or financial institution — the primary funding source for lending operations.

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