What is Hanover Bancorp's foreclosed assets?

Hanover Bancorp (HNVR) reported foreclosed assets of $650K in Q4 2025.

What does foreclosed assets mean?

This metric represents the carrying value of real estate or other collateral acquired by the bank through the foreclosure process on defaulted loans. High levels of foreclosed assets indicate potential credit quality issues and may require additional resources for maintenance and liquidation. Monitoring this balance helps investors assess the bank's exposure to distressed assets and the effectiveness of its loan underwriting standards.

Hanover Bancorp HNVR Foreclosed Assets

Foreclosed Assets at other companies

Parke BancorpPKBK

$2.86M+83.2%

Great Southern BancorpGSBC

$6.62M+9.6%

MeridianMRBK

$6.01M+3,679%

First Community CorporationFCCO

$168K-61.6%

FB Bancorp, Inc.FBLA

——

CF BanksharesCFBK

——

Other financials

Income statement

See full

Revenue$19.1M+4.1%

Net income$1.9M+23.2%

EPS (diluted)$0.25+25.0%

Balance sheet

See full

Cash & equivalents$194.4M+21.4%

Total debt$68.6M-56.4%

Total equity$201.4M+2.4%

Total assets$2.4B+3.5%

Cash flow

See full

Operating cash flow-$2.5M-985%

CapEx$184.0K-19.3%

Free cash flow-$2.7M-4,916%

Valuation

See full

Market cap$166.89M+7.6%

Enterprise value$41.02M-72.6%

P/E21.3×+7.7×

P/S2.3×+0.1×

Profitability

See full

Net margin10.6%-3.4pp

FCF margin12.7%+11.4pp

Returns & leverage

See full

Return on equity3.9%-1.1pp

Debt / equity0.3×-0.5×

Where this comes from

Reported directly by Hanover Bancorp in its filing.

Tagged under the XBRL concept us-gaap:OtherRealEstate.

The official record: Hanover Bancorp’s 10-K, filed March 13, 2026, on SEC EDGAR. View the filing →

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What is Hanover Bancorp's foreclosed assets?: Hanover Bancorp (HNVR) reported foreclosed assets of $650K in Q4 2025.
What does foreclosed assets mean?: This metric represents the carrying value of real estate or other collateral acquired by the bank through the foreclosure process on defaulted loans. High levels of foreclosed assets indicate potential credit quality issues and may require additional resources for maintenance and liquidation. Monitoring this balance helps investors assess the bank's exposure to distressed assets and the effectiveness of its loan underwriting standards.