Hanover Bancorp, Inc. income statement
In fiscal 2025, Hanover Bancorp, Inc. reported revenue of $73.3m, up 7.1% on the year before and net income of $7.5m, or $1.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 28 | 45 | 70 | 63 | 68 | 73 | 75 |
| Interest expense | 13 | 7 | 7 | 51 | — | — | — |
| Net interest income | 27 | 42 | 61 | 54 | 53 | 60 | 64 |
| Non-interest income | 1 | 3 | 9 | 9 | 15 | 13 | 11 |
| Non-interest expense | 21 | 30 | 35 | 40 | 47 | 53 | 54 |
| Provision for credit losses | 1 | 1 | 4 | 3 | 5 | 10 | 8 |
| Income before tax | 6 | 14 | 30 | 20 | 16 | 10 | 13 |
| Income tax | 1 | 3 | 7 | 5 | 4 | 2 | 4 |
| Net income | 5 | 11 | 24 | 15 | 12 | 7 | 9 |
| Diluted EPS | $1.18 | $2.28 | $3.68 | $2.05 | $1.66 | $1.00 | $1.31 |
| Diluted shares (average) | 4m | 5m | 6m | 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 18 | 18 | 18 | 18 | 19 | 19 | 20 |
| Net interest income | 13 | 14 | 15 | 15 | 15 | 16 | 16 | 17 |
| Non-interest income | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 |
| Non-interest expense | 12 | 12 | 16 | 13 | 12 | 12 | 16 | 14 |
| Provision for credit losses | 0 | 0 | 1 | 2 | 1 | 6 | 1 | 1 |
| Income before tax | 5 | 5 | 2 | 3 | 5 | 0 | 3 | 5 |
| Income tax | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 |
| Net income | 4 | 4 | 2 | 2 | 3 | 0 | 2 | 4 |
| Diluted EPS | $0.48 | $0.52 | $0.20 | $0.33 | $0.47 | $0.00 | $0.25 | $0.55 |
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