Hanover Bancorp, Inc. /MD
HNVR Nasdaq· State Commercial Banks
Last close · Oct 23, 2026
$23.88
KIRA · Stoqly’s AI analyst, in plain words
- Hanover Bancorp, Inc. /MD had $73.3M of revenue in fiscal 2025. Over five years, revenue changed +20.8% a year on average.
- Hanover Bancorp, Inc. /MD made $7.5M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew −3.3% a year.
- Hanover Bancorp, Inc. /MD returned $4.8M to shareholders in fiscal 2025, 40% of free cash flow.
- It earned 3.8% on shareholders’ money. Running costs took 72.3% of revenue (the efficiency ratio; lower is better).
Market cap
$172M
P/E
18.8x
Revenue
$73.3M
Net income
$7.5M
Return on equity
3.8%
Efficiency ratio
72.3%
Hanover Bancorp, Inc. /MD in 30 seconds · fiscal 2025
Does it make a profit?
10.2%
Yes. It keeps 10.2% of every sale as profit.
How lean are its costs?
72.3%
Costly. Running costs take 72.3% of revenue.
How much does it earn on its capital?
3.8%
Low. It earns 3.8% a year on shareholders’ money.
How is the share priced?
18.8x
One share costs 18.8 times its yearly profit per share.
What Hanover Bancorp, Inc. /MD does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- Hanover Bancorp, Inc. /MD
- CIK
- 0001828588
Hanover Bancorp, Inc. /MD · HNVR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $45.1M | $70.1M | $63.3M | — | $73.3M |
| Revenue growth | 58.2% | 55.6% | −9.7% | — | — |
| Net interest income | $41.7M | $61.3M | $54.5M | — | $60.5M |
| Net income | $10.9M | $23.6M | $15.2M | — | $7.5M |
| Net margin | 24.1% | 33.6% | 23.9% | — | 10.2% |
| Diluted EPS | $2.28 | $3.68 | $2.05 | — | $1.00 |
| Cash | |||||
| Cash from operations | $13.2M | $25.1M | $16.4M | — | $13.1M |
| Capital expenditure | $2.1M | $1.1M | $3.4M | — | $0.9M |
| Free cash flow | $11.1M | $24.0M | $13.0M | — | $12.2M |
| FCF margin | 24.7% | 34.2% | 20.5% | — | 16.6% |
| Dividends paid | $0.0M | $2.0M | $2.9M | — | $3.0M |
| Share buybacks | — | — | — | — | $1.8M |
| Share count change | 10.4% | 32.0% | 15.6% | — | — |
| Debt and strength | |||||
| Cash and short-term investments | $167M | $150M | $193M | $163M | $209M |
| Debt incl. finance leases | $160M | $102M | $180M | $108M | $101M |
| Loans, net | — | — | — | $2.0B | $2.0B |
| Deposits | $1.2B | $1.5B | $1.7B | $2.0B | $2.0B |
| Shareholders' equity | $123M | $173M | $186M | $197M | $200M |
| Returns and quality | |||||
| Return on equity | 10.8% | 16.0% | 8.5% | — | 3.8% |
| Return on tangible equity | 10.3% | 14.8% | 8.8% | — | 4.0% |
| Efficiency ratio | 66.6% | 50.2% | 62.7% | — | 72.3% |
| Piotroski F-score | 4 | 6 | 3 | — | — |
Insiders bought, 12 months
$0.3M
1 insider
Insiders sold, 12 months
$0.6M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Hanover Bancorp, Inc. /MD · HNVR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $23.88 a share, the company is worth $172M: 18.8 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001828588). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.