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Hanover Bancorp, Inc. key statistics and ratios

In fiscal 2025, Hanover Bancorp, Inc. had return on equity of 3.8% and a net margin of 10.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin17.5%24.1%33.6%23.9%18.0%10.2%12.6%
Return on equity6.4%10.8%16.0%8.5%6.5%3.8%4.7%
Return on assets0.6%0.9%1.4%0.8%0.6%0.3%0.4%
Effective tax rate20.0%22.8%22.8%24.9%24.6%24.8%28.3%
Dividends ÷ net income—0.0%8.7%19.3%24.0%40.2%31.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

42 /100

Weak moat

How hard Hanover Bancorp's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Net income has been a median 0.5% of total assets over 6 years.

  • Durability 15 / 20

    Net margin has been a median 17.4%; its worst year was 12.6%.

  • Discipline 10 / 20

    The diluted share count rose 65.3% over five years; stock-based pay has been a median 2.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (47 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: FNRN vs HNVRHNVR vs LARKATLO vs HNVR

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from Hanover Bancorp, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hanover Bancorp, Inc.