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Complete financial analysis of Hanover Bancorp, Inc. (HNVR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hanover Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Hanover Bancorp, Inc. (HNVR)
About Hanover Bancorp, Inc.
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 deposits 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. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59.91M | 1.70M | 45.06M | 28.49M | 39.27M | 19.34M | 13.05M | 9.50M |
| Cost of Revenue | 2.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 56.99M | 1.70M | 45.06M | 28.49M | 39.27M | 19.34M | 13.05M | 9.50M |
| Gross Profit Ratio | 95.12% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 5.10M | 21.29M | 16.29M | 12.09M | 1.44M | 1.60M | 1.18M | 937.00K |
| Selling & Marketing | 27.01M | 348.00K | 118.00K | 296.00K | 487.00K | 370.00K | 299.00K | 58.00K |
| SG&A | 32.11M | 21.64M | 16.41M | 12.39M | 13.80M | 10.74M | 8.05M | 5.58M |
| Other Expenses | 0.00 | 2.17M | -47.41M | -34.66M | -3.27M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 32.11M | 5.09M | -31.01M | -22.27M | 3.27M | 12.81M | 9.43M | 6.46M |
| Cost & Expenses | 32.11M | 5.09M | -31.01M | -22.27M | 28.20M | 12.81M | 9.43M | 6.46M |
| Interest Income | 105.04M | 68.43M | 48.68M | 40.13M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 50.55M | 7.18M | 6.97M | 13.01M | 2.84M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 3.49M | 1.78M | 1.43M | 1.30M | 700.00K | -7.46M | -3.92M | -3.04M |
| EBITDA | 0.00 | 32.24M | 0.00 | 6.58M | 11.03M | -931.00K | -297.00K | 4.81M |
| EBITDA Ratio | 0.00% | 2,322.57% | 34.46% | 26.55% | -1.88% | -4.81% | -2.28% | 0.00% |
| Operating Income | 19.21M | 37.67M | 14.05M | 6.21M | 11.39M | 7.46M | 3.92M | 3.04M |
| Operating Income Ratio | 32.07% | 2,219.80% | 31.19% | 21.81% | 29.01% | 38.57% | 30.00% | 31.99% |
| Total Other Income/Expenses | 975.00K | -250.00K | -8.44M | -2.10M | -2.41M | -2.07M | -1.39M | -883.00K |
| Income Before Tax | 20.19M | 30.50M | 14.05M | 6.21M | 10.33M | 6.53M | 3.62M | 3.04M |
| Income Before Tax Ratio | 33.70% | 1,796.99% | 31.19% | 21.81% | 26.30% | 33.76% | 27.73% | 31.99% |
| Income Tax Expense | 5.02M | 6.94M | 3.20M | 1.24M | 2.24M | 1.93M | 1.47M | 1.08M |
| Net Income | 15.16M | 23.56M | 10.85M | 4.97M | 8.09M | 4.60M | 2.15M | 1.97M |
| Net Income Ratio | 25.31% | 1,388.10% | 24.08% | 17.46% | 20.59% | 23.79% | 16.49% | 20.68% |
| EPS | 2.07 | 3.74 | 2.32 | 1.19 | 1.93 | 1.36 | 0.78 | 0.75 |
| EPS Diluted | 2.05 | 3.68 | 2.28 | 1.19 | 1.93 | 1.36 | 0.78 | 0.75 |
| Weighted Avg Shares Out | 7.04M | 6.07M | 4.67M | 4.19M | 4.19M | 3.38M | 2.76M | 2.62M |
| Weighted Avg Shares Out (Dil) | 7.12M | 6.16M | 4.76M | 4.19M | 4.19M | 3.38M | 2.76M | 2.62M |
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Source: https://incomestatements.info
Category: Stock Reports