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Hanover Bancorp HNVR Occupancy And Equipment Expense

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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+26.7%
Enterprise value$123.75M-18.2%
P/E20.9×+7.2×
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 hnvr:OccupancyAndEquipmentExpense.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
NON-INTEREST EXPENSE
Salaries and employee benefits7,3687,00317,49514,235
Conversion expenses3,180
Occupancy and equipment2,0121,9104,0803,746
Data processing4315088531,101
Professional fees8978781,8031,665
Federal deposit insurance premiums364365726702
Other expenses2,5761,9524,2973,983

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's occupancy and equipment expense?
Hanover Bancorp (HNVR) reported occupancy and equipment expense of $2.01M in Q2 2026.
How has Hanover Bancorp's occupancy and equipment expense changed year-over-year?
Hanover Bancorp's occupancy and equipment expense increased by 5.3% year-over-year, from $1.91M to $2.01M.
What is the long-term trend for Hanover Bancorp's occupancy and equipment expense?
Over 3 years (2021 to 2025), Hanover Bancorp's occupancy and equipment expense has grown at a 15.9% compound annual growth rate (CAGR), from $4.98M to $7.74M.
What does occupancy and equipment expense mean?
Occupancy And Equipment Expense as reported by Hanover Bancorp, Inc. Common Stock.

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