Hanover Bancorp, Inc. balance sheet
At the end of fiscal 2025, Hanover Bancorp, Inc. had total assets of $2.38bn, total liabilities of $2.18bn and shareholders' equity of $200m. It held $209m in cash against $101m of debt.
Balance sheet
| Fiscal year | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | 163 | 209 | 141 |
| Goodwill | 2 | 19 | 19 | 19 | 19 | 19 | 19 |
| Total assets | 852 | 1,485 | 1,840 | 2,150 | 2,312 | 2,383 | 2,337 |
| Short-term debt | 85 | 160 | 102 | 180 | 108 | 101 | 60 |
| Total debt | 85 | 160 | 102 | 180 | 108 | 101 | 60 |
| Total liabilities | 774 | 1,362 | 1,667 | 1,964 | 2,115 | 2,183 | 2,134 |
| Shareholders' equity | 78 | 123 | 173 | 186 | 197 | 200 | 203 |
| Shares outstanding | 4m | 6m | 7m | 7m | 7m | 7m | 7m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Total assets | 2,328 | 2,312 | 2,292 | 2,312 | 2,332 | 2,383 | 2,371 | 2,337 |
| Short-term debt | 126 | 108 | 108 | 108 | 101 | 101 | 60 | 60 |
| Total debt | 126 | 108 | 108 | 108 | 101 | 101 | 60 | 60 |
| Total liabilities | 2,135 | 2,115 | 2,095 | 2,113 | 2,130 | 2,183 | 2,170 | 2,134 |
| Shareholders' equity | 192 | 197 | 197 | 199 | 202 | 200 | 201 | 203 |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
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