Saturday 17 October 2026 Export HNVR’s income statement to Excel — free account

Hanover Bancorp, Inc.

Hanover Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $143.3 million, down 3.40% from fiscal 2024. In the quarter to June 2026, revenue fell 2.10%, EPS grew 66.7%, free cash flow grew 972.8% and total debt rose 38.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

24.13 0.05 −0.21%

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Market cap: $170.6M
P/E: 19.0×
Fwd P/E: 11.2×
Dividend yield: 1.66%
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.27

Total sells 0.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	1	—	—	—
Sell	1	—	—	1	—	—	3	3	—	—	—	—

Insider Ownership 43.21%

Capital & Financial Ratios $m

Market Cap 170.60

Revenue 141.04

Net Income 9.46

Free Cash Flow 26.05

Net Debt (107.01)

Current Ratio 1.03

Debt/Equity 0.17

P/E ratio 19.00

Fwd P/E 11.20

P/S ratio 1.24

P/B ratio 0.88

Past 5Y EPS Growth —

This Y EPS Growth 75.27%

Next Y EPS Growth 29.06%

Next Y revenue growth (44.38%)

Next 5Y EPS Growth 40.57%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 82.84%

10-year low 10-year high

P/S against its own 10 years 60.92%

10-year low 10-year high

P/B against its own 10 years 87.15%

10-year low 10-year high

Dividends

Payout Ratio 0.32

Annual Dividend Rate 0.40

Annual Dividend Yield 1.66%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.40	0.10 0.10 0.10
2025	0.40	0.10 0.10 0.10 0.10
2024	0.40	0.10 0.10 0.10 0.10
2023	0.40	0.10 0.10 0.10 0.10
2022	0.30	0.10 0.10 0.10
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	18.44	17.22	13.62	17.47	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	24.68	20.61	27.14	27.00
People
People	Employees	—	—	—	—	—	136	162	176	185	194
	Revenue/emp, $m	—	—	—	0.00	0.00	0.38	0.48	0.65	0.80	0.74
Income, $m
Income, $m	Revenue	—	—	—	41	41	52	77	114	148	143
	Gross margin, %	—	—	—	68.65	68.65	86.61	90.72	55.61	46.12	51.16
	EBT	—	—	—	6	(23)	14	30	20	16	10
	EBT margin, %	—	—	—	14.97	0.00	27.01	39.45	17.72	11.04	6.95
	Net income	—	—	—	0	(5)	11	24	0	12	7
	Depreciation	—	—	—	—	0	2	2	4	4	4
Per share, $
Per share, $	Revenue	—	—	—	0.00	9.97	11.37	12.75	16.18	20.73	19.75
	Earnings	—	—	—	1.93	1.20	2.37	3.88	2.15	1.67	1.00
	Cash flow	—	—	—	1.90	0.00	2.88	4.14	2.33	0.76	1.80
	Capex	—	—	—	0.00	0.00	(0.45)	(0.18)	(0.48)	(0.18)	(0.08)
	Free cash flow	—	—	—	1.90	0.00	2.43	3.95	1.85	0.58	1.72
	Book value	—	—	—	0.00	0.00	26.78	28.46	0.00	27.47	27.60
	Shares, m	—	—	—	4	4	5	6	7	7	7
Valuation, ×
Valuation, ×	P/E	—	—	—	7.71	7.71	7.71	5.02	8.74	13.81	23.11
	P/S	—	—	—	1.66	1.66	1.66	1.50	1.12	1.11	1.17
	P/B	—	—	—	0.86	0.86	0.86	0.67	0.70	0.86	0.86
	EV/Sales	—	—	—	0.19	0.19	0.19	(0.12)	(0.35)	0.18	(0.11)
	EV/FCF	—	—	—	0.54	0.54	0.54	(0.31)	(3.08)	6.48	(1.32)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	8	(2)	13	25	16	5	13
	Capex	—	—	—	(2)	(1)	(2)	(1)	(3)	(1)	(1)
	Free cash flow	—	—	—	8	(2)	11	24	13	4	12
Balance, $m
Balance, $m	Working capital	—	—	—	804	(665)	89	138	100	86	78
	Total debt	—	—	—	116	25	25	25	25	25	25
	Net debt	—	—	—	(80)	25	(142)	(125)	(153)	(138)	(184)
	Shareholders’ equity	—	—	—	78	0	123	173	185	197	200
Returns, %
Returns, %	ROA	—	—	—	0.58	2.55	0.93	1.36	0.00	0.52	0.31
	ROIC	—	—	—	0.00	(78.55)	0.00	40.38	0.00	17.51	38.63
	ROE	—	—	—	11.55	27.75	17.69	15.35	0.00	6.41	3.77

Negative figures in brackets.

All 10 years →

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

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LARK Landmark Bancorp Inc.	$192.5M	9.5×	5.6×	+2.62% (above 0%: growing)	+21.58% (above 0%: growing)	+828.81% (above 0%: growing)	78.76%	0.00%	Compare
BVFL BV Financial, Inc.	$184.2M	14.1×	—	−2.37% (below 0%: shrinking)	+48.28% (above 0%: growing)	+1.43% (above 0%: growing)	78.95%	0.00%	Compare
SBFG SB Financial Group, Inc.	$183.5M	11.0×	8.8×	+5.49% (above 0%: growing)	+20.00% (above 0%: growing)	+255.74% (above 0%: growing)	72.32%	0.00%	Compare
FNWD Finward Bancorp	$181.0M	18.3×	12.2×	+0.43% (above 0%: growing)	−2.00% (below 0%: shrinking)	+0.22% (above 0%: growing)	69.03%	0.00%	Compare
ECBK ECB Bancorp, Inc.	$173.4M	13.9×	—	+15.35% (above 0%: growing)	+127.78% (above 0%: growing)	+538.43% (above 0%: growing)	46.07%	0.00%	Compare
MNSB MainStreet Bank	$172.8M	11.8×	10.9×	−6.70% (below 0%: shrinking)	+9.43% (above 0%: growing)	+286.64% (above 0%: growing)	57.99%	0.00%	Compare
BAFN BayFirst Financial Corp.	$170.8M	— (loss-making)	—	−70.88% (below 0%: shrinking)	n/m	−99.45% (below 0%: shrinking)	27.34%	0.00%	Compare
HNVR Hanover Bancorp, Inc.	$170.6M	19.0×	11.2×	−2.10% (below 0%: shrinking)	+66.67% (above 0%: growing)	+972.77% (above 0%: growing)	56.13%	0.00%
EBMT Eagle Bancorp Montana, Inc.	$164.7M	10.2×	11.3×	−1.03% (below 0%: shrinking)	+11.90% (above 0%: growing)	−301.01% (below 0%: shrinking)	76.37%	0.00%	Compare
Median of peers	$177.2M	11.8×	10.9×	−0.30%	+20.00%	+128.59%	70.68%	0.00%

All 323 Banks Regional stocks →

Hanover Bancorp, Inc. (HNVR) key facts

Concern: Hanover Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $143.3 million, down 3.40% from fiscal 2024.
Concern: Net income was $7.5 million, or $1.00 per share (basic), a net margin of 5.09%.
Hanover Bancorp, Inc. (HNVR) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, HNVR traded at $24.13, a market capitalization of $170.6 million.
At that price the stock trades at 19.0× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 83% of its own readings over the past ten years.
Hanover Bancorp, Inc. pays an annual dividend of $0.40 per share, a yield of 1.66%, with a payout ratio of 31.5%.
Return on equity was 3.77% and debt-to-equity 0.17.