See more : Embark Technology, Inc. (EMBK) Income Statement Analysis – Financial Results
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.
You may be interested
- ESGEN Acquisition Corporation (ESACW) Income Statement Analysis – Financial Results
- Kawaguchi Chemical Industry Co., Ltd (4361.T) Income Statement Analysis – Financial Results
- Healios K.K. (4593.T) Income Statement Analysis – Financial Results
- enX Group Limited (ENX.JO) Income Statement Analysis – Financial Results
- Pomvom Ltd (PMVM.TA) Income Statement Analysis – Financial Results
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 |
3 Financial Stocks Short Sellers Are Banking On to Fail
This article examines some of the most shorted financial stocks on the market. More specifically, we're looking at financial stocks short sellers are targeting that you may want to sell before it's too late.
Bounce-Back Bargains: 3 Oversold Stocks Ripe for a Short-Term Surge
When the stock market pushes too high too fast, sudden corrections can reveal several oversold stocks for a short-term surge. Reasons for large dips include simple differences of opinion on a company's prospects, short-term holders exiting positions with long-term potential,...
5 Cheap Dividend Stocks: Which to Buy Now
Among Marketbeat's numerous investor resources are screener pages seeking hard-to-find investments. One of those tools is the screener page for Cheap Dividend Stocks, which is a veritable treasure trove of candidates.
Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter highlighted by Increased Net Income and Net Interest Income and Strong Non-interest Income
Fourth Calendar Quarter Performance Highlights Net Income: Net income for the quarter ended December 31, 2023 totaled $3.8 million or $0.51 per diluted share (including Series A preferred shares), versus $3.5 million or $0.48 per diluted share (including Series A preferred shares) in the prior linked...
Hanover Bancorp Announces Joseph Burns as its New Executive Vice President, Chief Lending Officer
MINEOLA, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, (NASDAQ: HNVR) (the “Bank”) the bank holding company for Hanover Community Bank, today announced the appointment of Mr. Joseph Burns to the position of Executive Vice President, Chief Lending Officer,...
Hanover Bancorp, Inc. Reports Earnings for the Third Calendar Quarter and Fiscal Year 2023 and Declares $0.10 Quarterly Cash Dividend
Third Calendar Quarter and Fiscal Year Performance Highlights Net Income: Net income for the quarter ended September 30, 2023 totaled $3.5 million or $0.48 per diluted share (including Series A preferred shares). Net income for the quarter ended June 30, 2023 totaled $3.1 million or $0.42 per...
Hanover Bancorp (HNVR) Announces New Share Repurchase Plan
Hanover Bancorp (HNVR) announces a new share repurchase program. This, along with steady payouts, is set to enhance shareholder value.
Hanover Bancorp Approves New Share Repurchase Program
MINEOLA, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ: HNVR) (the “Company”), parent company of Hanover Community Bank (the “Bank”), announced that its Board of Directors has approved a Share Repurchase Program. Under this program, the Company may repurchase up to...
Hanover Bancorp, Inc. Reports Earnings for the Third Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend
Third Fiscal Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2023 totaled $3.1 million or $0.42 per diluted share (including Series A preferred shares), inclusive of a $0.3 million tax related adjustment and temporary increase in the effective tax...
3 IPO stocks to watch in September: PEPG, PFHC, HNVR
Initial public offerings (IPOs) are often the most common route companies use to hit the public markets and raise money
Source: https://incomestatements.info
Category: Stock Reports