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Hanover Bancorp HNVR Data processing and equipment

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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 us-gaap:InformationTechnologyAndDataProcessing.

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
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
Total non-interest expense13,64812,61629,25428,612

ITEM 1. – FINANCIAL STATEMENTS

FAQ

What is Hanover Bancorp's data processing and equipment?
Hanover Bancorp (HNVR) reported data processing and equipment of $431K in Q2 2026.
How has Hanover Bancorp's data processing and equipment changed year-over-year?
Hanover Bancorp's data processing and equipment decreased by 15.2% year-over-year, from $508K to $431K.
What is the long-term trend for Hanover Bancorp's data processing and equipment?
Over 4 years (2021 to 2025), Hanover Bancorp's data processing and equipment has grown at a 8.2% compound annual growth rate (CAGR), from $1.28M to $1.75M.
What does data processing and equipment mean?
This represents the expenses associated with maintaining core banking systems, digital platforms, and data processing infrastructure. It reflects the bank's investment in technology and its ongoing commitment to digital transformation and operational security.

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