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Hanover Bancorp HNVR Mortgage Servicing Rights MSR Impairment Recovery

Mortgage Servicing Rights MSR Impairment Recovery at other companies

Northrim BanCorp logo
Northrim BanCorpNRIM
$127K-85.1%

Other financials

Income statement

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Revenue$19.1M+4.1%
Net income$1.9M+23.2%
EPS (diluted)$0.25+25.0%

Balance sheet

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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

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Operating cash flow-$2.5M-985%
CapEx$184.0K-19.3%
Free cash flow-$2.7M-4,916%

Valuation

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Market cap$166.89M+7.6%
Enterprise value$41.02M-72.6%
P/E21.3×+7.7×
P/S2.3×+0.1×

Profitability

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Net margin10.6%-3.4pp
FCF margin12.7%+11.4pp

Returns & leverage

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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:MortgageServicingRightsMSRImpairmentRecovery.

The official record: Hanover Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hanover Bancorp's mortgage servicing rights MSR impairment recovery?
Hanover Bancorp (HNVR) reported mortgage servicing rights MSR impairment recovery of $227K in Q1 2026.
How has Hanover Bancorp's mortgage servicing rights MSR impairment recovery changed year-over-year?
Hanover Bancorp's mortgage servicing rights MSR impairment recovery decreased by 24.1% year-over-year, from $299K to $227K.
What is the long-term trend for Hanover Bancorp's mortgage servicing rights MSR impairment recovery?
Over 4 years (2021 to 2025), Hanover Bancorp's mortgage servicing rights MSR impairment recovery has grown at a 43.7% compound annual growth rate (CAGR), from $251K to $1.07M.
What does mortgage servicing rights MSR impairment recovery mean?
Represents the reversal of previously recognized impairment charges on mortgage servicing rights due to changes in market interest rates or prepayment assumptions. This recovery positively impacts net income and reflects a stabilization or improvement in the valuation of the servicing asset portfolio.