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Hanover Bancorp HNVR Occupancy And Equipment Expense

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Other financials

Income statement

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Revenue$19.1M+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 hnvr:OccupancyAndEquipmentExpense.

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 occupancy and equipment expense?
Hanover Bancorp (HNVR) reported occupancy and equipment expense of $2.07M in Q1 2026.
How has Hanover Bancorp's occupancy and equipment expense changed year-over-year?
Hanover Bancorp's occupancy and equipment expense increased by 12.6% year-over-year, from $1.84M to $2.07M.
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?
This includes costs related to the maintenance, rent, depreciation, and utilities of physical branch locations and corporate offices. It serves as a measure of the bank's overhead intensity and the efficiency of its physical footprint.