Pricing Log in Create free account
Friday 6 November 2026 Export HNVR’s income statement to Excel — free account

Hanover Bancorp, Inc.

HNVR Financial Banks Regional

Hanover Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $143.3 million, down 3.40% from fiscal 2024.

Revenue
−2.10%
EPS
+66.7%
Free cash flow
+972.8%
Total debt
+38.5%

Quarter to June 2026, against a year earlier

21.87 0.08 +0.37%
Market cap
$153.7M
P/E
17.0×
Fwd P/E
11.4×
Dividend yield
1.85%
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.27
Sold, $m 0.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 1 — — — —
Sell — — 1 — — 3 3 — — — — —
Insider Ownership 43.21%

Capital & Financial Ratios $m

Size
Market Cap 153.74
Revenue ttm 141.04
Net income ttm 9.46
Free cash flow ttm 26.05
Net debt Q (107.01)
Valuation
P/E 17.00
Forward P/E 11.40
Price / sales 1.11
Forward P/S Powerpack
Price / FCF 5.98
Price / book 0.79
Financial health
Current ratio Q 1.03
Debt / equity Q 0.17
Interest coverage Q —
Growth
Revenue growth Q −2.10% (below 0%: shrinking)
Operating income growth Q +60.18% (above 0%: growing)
EPS, this year +74.07% (at or above 15%: strong)
EPS, next year A +26.06% (at or above 15%: strong)
Revenue, next year A −45.44% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +35.89% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 78.79%
10-year low 10-year high
P/S against its own 10 years 35.58%
10-year low 10-year high
P/B against its own 10 years 54.21%
10-year low 10-year high

Dividends

Yield
1.85%
Annual rate
0.40
Payout ratio
31.5%
Growth, 2022–26
+7.46%/yr
  1. 0.30 ’22
  2. 0.40 ’23 +33
  3. 0.40 ’24 +0
  4. 0.40 ’25 +0
  5. 0.40 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 193 163 209 141
Receivables — — — —
Inventory — — — —
Other — — — —
2,063 2,150 2,209 2,135
2023 2024 2025 Q'26
Payables 1,735 1,954 2,028 2,013
ST’ Debt — — — —
Other — — — —
1,917 2,064 2,131 2,074

Compound Annual Growth %

10y 5y 3y
Sales — 28.13% 22.85%
Cash Flow — 0.00% (19.57%)
Earnings — (7.64%) (31.46%)
Book Value — 10.32% 2.51%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.60 Actual 0.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.49 0.47 Miss by 0.02
Q4 FY25 0.51 0.00 Miss by 0.51
Q2 FY26 0.57 0.58 Beat by 0.01
Q3 FY26 0.60 0.60 Met by 0.00
Q4 FY26 0.69 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.25 0.55 — — —
’25 0.20 0.33 0.47 0.00 1.00
’24 0.55 0.11 0.48 0.52 1.66
’23 0.43 0.42 0.48 0.72 2.13
’22 1.00 0.80 0.79 1.16 3.83
’21 0.48 0.05 — — 2.33
’20 — 0.33 — — 1.18
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 — 35 35 — —
’25 35 37 36 36 143
’24 37 36 37 38 148
’23 24 27 30 33 114
’22 19 19 18 22 77
’21 10 10 13 19 52
’20 — — 10 — 41
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 18 — — —
’25 0 2 3 8 13
’24 4 (3) (1) 5 5
’23 1 8 1 6 16
’22 10 8 8 7 25
’21 2 4 6 — 13
’20 — — — (1) (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 18 — — —
’25 0 2 3 8 12
’24 3 (5) (1) 6 4
’23 0 7 1 5 13
’22 9 7 8 6 24
’21 2 4 5 — 11
’20 — — — 0 (2)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 41 41 52 77 114 148 143 141 +22.9% 78 89 96 (12.6%)
Gross margin, % — — — 68.65 68.65 86.61 90.72 55.61 46.12 51.16 53.37 (17.5) pt
EBT — — — 6 (23) 14 30 20 16 10 13 +8.2%
EBT margin, % — — — 14.97 0.00 27.01 39.45 17.72 11.04 6.95 9.36 (8.0) pt
Net income — — — 0 (5) 11 24 0 12 7 9 n/m
Per share, $
Per share, $ Revenue — — — 0.00 9.97 11.37 12.75 16.18 20.73 19.75 19.53 n/m
Earnings — — — 1.93 1.20 2.37 3.88 2.15 1.67 1.00 1.27 (10.4%)
Cash flow — — — 1.90 0.00 2.88 4.14 2.33 0.76 1.80 3.73 (0.9%)
Capex — — — 0.00 0.00 (0.45) (0.18) (0.48) (0.18) (0.08) (0.12) n/m
Free cash flow — — — 1.90 0.00 2.43 3.95 1.85 0.58 1.72 3.61 (1.7%)
Book value — — — 0.00 0.00 26.78 28.46 0.00 27.47 27.60 28.08 n/m
Shares, m — — — 4 4 5 6 7 7 7 7 +9.6%
Valuation, ×
Valuation, × P/E — — — 7.71 7.71 7.71 5.02 8.74 13.81 23.11 17.00 10.5
P/S — — — 1.66 1.66 1.66 1.50 1.12 1.11 1.17 1.11 1.4
P/B — — — 0.86 0.86 0.86 0.67 0.70 0.86 0.86 0.79 0.8
EV/Sales — — — 0.19 0.19 0.19 (0.12) (0.35) 0.18 (0.11) — 0.0
EV/FCF — — — 0.54 0.54 0.54 (0.31) (3.08) 6.48 (1.32) — 0.5
Cash, $m
Cash, $m Operating cash flow — — — 8 (2) 13 25 16 5 13 27 +8.6%
Capex — — — (2) (1) (2) (1) (3) (1) (1) (1) (15.1%)
Free cash flow — — — 8 (2) 11 24 13 4 12 26 +7.8%
Balance, $m
Balance, $m Working capital — — — 804 (665) 89 138 100 86 78 60 (32.2%)
Net debt — — — (80) 25 (142) (125) (153) (138) (184) (107) +14.9%
Shareholders’ equity — — — 78 0 123 173 185 197 200 203 +17.0%
Returns, %
Returns, % ROA — — — 0.58 2.55 0.93 1.36 0.00 0.52 0.31 0.40 (0.3) pt
ROIC — — — 0.00 (78.55) 0.00 40.38 0.00 17.51 38.63 8.61 +38.6 pt
ROE — — — 11.55 27.75 17.69 15.35 0.00 6.41 3.77 4.72 (7.8) pt
People
People Employees — — — — — 136 162 176 185 194 — +9.3%
Revenue/emp, $m — — — 0.00 0.00 0.38 0.48 0.65 0.80 0.74 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026

Hanover Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FINW FinWise Bancorp $187.9M 13.5× 19.5× +98.06% (above 0%: growing) −48.39% (below 0%: shrinking) −43.89% (below 0%: shrinking) 91.22% 0.00% Compare
BVFL BV Financial, Inc. $183.1M 14.2× — −2.37% (below 0%: shrinking) +48.28% (above 0%: growing) +1.43% (above 0%: growing) 78.95% 0.00% Compare
BAFN BayFirst Financial Corp. $179.3M — (loss-making) — −70.88% (below 0%: shrinking) n/m −99.45% (below 0%: shrinking) 27.34% 0.00% Compare
EBMT Eagle Bancorp Montana, Inc. $166.3M 10.6× 10.6× +1.67% (above 0%: growing) −19.15% (below 0%: shrinking) +45.65% (above 0%: growing) 75.79% 0.00% Compare
MNSB MainStreet Bank $154.1M 10.6× 10.7× −6.70% (below 0%: shrinking) +9.43% (above 0%: growing) +286.64% (above 0%: growing) 57.99% 0.00% Compare
HNVR Hanover Bancorp, Inc. $153.7M 17.0× 11.4× −2.10% (below 0%: shrinking) +66.67% (above 0%: growing) +972.77% (above 0%: growing) 56.13% 0.00%
HYNE Hoyne Bancorp, Inc. $151.2M — — +11.37% (above 0%: growing) — −140.80% (below 0%: shrinking) 83.07% 0.00% Compare
LSBK Lake Shore Bancorp, Inc. $145.7M 16.6× — +2.32% (above 0%: growing) +16.05% (above 0%: growing) +60.67% (above 0%: growing) 75.39% 0.00% Compare
MGYR Magyar Bancorp, Inc. $142.1M 11.4× 10.6× +9.88% (above 0%: growing) +25.00% (above 0%: growing) +84.11% (above 0%: growing) 63.70% 0.00% Compare
Median of peers $160.2M 12.4× 10.6× +2.00% +12.74% +23.54% 75.59% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 23 April 2026

Ownership

Directors and executive officers, together 24.38%
Castle Creek Capital Partners VIII, L.P. 9.90%
Fourthstone LLC 7.18%
Aurum Holdings Inc. dba Muthoot Holdings Inc. 6.20%
Robert Golden 5.66%
AllianceBernstein L.P. 5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Hanover Bancorp, Inc. (HNVR) Latest News

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 ·

22 Oct

Impact 3 · · Zacks

6 Oct

Impact 3 · · GlobeNewswire

26 Aug

Impact 3 ·

23 Jul

Impact 4 · · GlobeNewswire
Impact 3 ·
Impact 3 ·

27 Apr

Impact 4 · · GlobeNewswire

12 Mar

Impact 4 · · GlobeNewswire

3 Feb

Impact 3 · · Simply Wall St.

29 Jan

Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

23 Jan

Impact 3 · · Simply Wall St.

22 Jan

Impact 3 · · Zacks

3 Nov

Impact 3 · · Simply Wall St.

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 3 · · Zacks
Impact 3 ·

25 Sep

Impact 3 · · GlobeNewswireBanking DiveSimply Wall St.ZacksZacksSimply Wall St.Simply Wall St.etf.com

13 Aug

Impact 3 · · Simply Wall St.

7 Aug

Impact 3 · · GlobeNewswire

27 Jul

Impact 3 · · Simply Wall St.

25 Jun

Impact 3 · · GlobeNewswire

24 Apr

Impact 3 ·

23 Apr

Impact 4 ·
Impact 3 · · Zacks

22 Apr

Impact 4 ·
stockrow.com/HNVR · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com