Hanover Bancorp Inc Overview
Industry: Banks Regional
Sector: Financial Services
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposit and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. The company also offers cash management, online and mobile banking, merchant, professional, and digital solutions. Its banking offices are located in Kings, Nassau, and Queens Counties in New York and in Monmouth County in New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York. Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Hanover Bancorp Inc into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
EPS was -$1 (reported).
EPS
-$1
reported
Net income
$1.9M
reported
What changed
- EPS reported to -$1.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Hanover Bancorp earnings missed by $0.01, revenue fell short of estimates
Headline from Investing.com: Hanover Bancorp earnings missed by $0.01, revenue fell short of estimates.
HNVR 8-K & SEC Filings
Headline from Yahoo Finance: HNVR 8-K & SEC Filings.
Hanover Bancorp names Kevin O’Connor as president By Investing.com
Headline from Investing.com Nigeria: Hanover Bancorp names Kevin O’Connor as president By Investing.com.
Hanover Bancorp names Kevin O’Connor as president
Headline from Investing.com: Hanover Bancorp names Kevin O’Connor as president.
Earnings Per Share
Score 2.00/5
Hanover Bancorp Inc earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
In
Banks Regional industry
, Pathward Financial Inc
, The Bancorp Inc
, Axos Financial
are companies with high ratings.
Return on Equity
Score 3.21/5
Hanover Bancorp Inc stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
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Net Margin
Score 2.49/5
Hanover Bancorp Inc
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
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Leverage
Score 1.43/5
Hanover Bancorp Inc
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Aflac Inc
Pathward Financial Inc
T. Rowe Price Group Inc
have achieved high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Verified SEC statements load when this section enters view.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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