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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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Hanover Bancorp, Inc. is a small regional bank holding company that provides commercial and consumer lending, mortgage and deposit services through its banking operations. Long-term growth may be supported by local loan and deposit expansion, net interest margin recovery and fee-income diversification, and investors may find the company attractive for its community banking franchise and potential for steady earnings generation.
Material risks include credit-quality deterioration, margin pressure from interest-rate shifts, deposit competition and regulatory or execution challenges that could weigh on profitability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | 9.95M | 16.38M | 20.19M | 30.50M | 14.05M |
| Net income | 7.49M | 12.35M | 15.16M | 23.56M | 10.85M |
| Selling general administrative | 35.63M | 27.02M | 23.86M | 21.29M | 16.29M |
| Selling and marketing expenses | - | - | - | 0.35M | 0.12M |
| Gross profit | 62.94M | 63.49M | 56.98M | 1.70M | 45.06M |
| Reconciled depreciation | 4.15M | 3.87M | - | 1.74M | 1.48M |
| Ebit | 9.95M | 16.38M | - | 37.67M | 14.05M |
| Ebitda | 14.10M | 20.25M | 1.77M | 39.41M | 15.53M |
| Depreciation and amortization | 4.15M | 3.87M | - | 1.74M | 1.48M |
| Operating income | 9.95M | 16.38M | 1.77M | 37.67M | 14.05M |
| Other operating expenses | 133.37M | 131.98M | 9.50M | 5.09M | -31.00M |
| Interest expense | 70.00M | 79.93M | 50.55M | 7.17M | 6.97M |
| Tax provision | 2.47M | 4.03M | 5.02M | 6.94M | 3.20M |
| Interest income | 130.48M | 133.02M | 105.04M | 68.43M | 48.67M |
| Net interest income | 60.48M | 53.09M | 54.49M | 61.25M | 41.71M |
| Income tax expense | 2.47M | 4.03M | 5.02M | 6.94M | 3.20M |
| Total revenue | 143.32M | 148.36M | 63.34M | 1.70M | 45.06M |
| Total operating expenses | 52.98M | 47.11M | 3.15M | 5.09M | -31.00M |
| Cost of revenue | 80.38M | 84.87M | 6.36M | - | - |
| Total other income expense net | 9.69M | 16.17M | 18.42M | -7.17M | -6.97M |
| Net income from continuing ops | 7.49M | 12.35M | 15.16M | 23.56M | 10.85M |
| Net income applicable to common shares | - | - | - | 23.56M | 10.85M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 2383.10M | 2312.11M | 2149.63M | 1840.06M | 1484.64M |
| Intangible assets | 6.52M | 6.27M | - | 4.75M | 4.17M |
| Other current assets | 3.25M | 3.38M | - | -8.55M | 1261.58M |
| Total liab | 2182.83M | 2115.47M | 215.37M | 1667.47M | 1362.11M |
| Total stockholder equity | 200.27M | 196.64M | 185.91M | 172.58M | 122.53M |
| Other current liab | 2028.39M | 1954.28M | - | -2.51M | -1.29M |
| Common stock | 0.07M | 0.07M | - | 0.07M | 0.06M |
| Capital stock | 5.11M | 5.11M | - | 0.07M | 0.06M |
| Retained earnings | 72.40M | 67.92M | - | 46.48M | 24.97M |
| Other liab | - | - | - | 13.05M | 12.01M |
| Good will | 19.17M | 19.17M | 19.17M | 19.17M | 19.17M |
| Other assets | 2174.19M | - | 1885.70M | 1631.03M | 1261.58M |
| Cash | 208.90M | 162.86M | 192.62M | 149.95M | 151.25M |
| Total current liabilities | 2030.13M | 1955.82M | - | 0.92M | 1.29M |
| Current deferred revenue | - | - | - | 2.51M | - |
| Net debt | -72.87M | -21.34M | 22.75M | -23.63M | 32.90M |
| Short term debt | - | - | - | 101.75M | - |
| Short long term debt total | 136.03M | 141.52M | 215.37M | 126.32M | 184.16M |
| Other stockholder equity | 123.43M | 124.94M | - | 126.66M | 97.25M |
| Property plant equipment | - | - | - | 14.46M | 15.00M |
| Total current assets | 260.86M | 261.84M | 203.51M | 162.23M | 168.36M |
| Long term investments | 100.57M | 87.51M | 15.00M | 16.70M | 16.36M |
| Net tangible assets | - | - | - | 153.42M | 102.88M |
| Short term investments | 36.93M | 83.75M | 10.89M | 12.29M | 7.75M |
| Net receivables | 11.78M | 11.85M | - | 8.55M | 9.36M |
| Long term debt | 125.47M | 132.49M | 204.47M | 126.32M | 184.16M |
| Accounts payable | 1.74M | 1.53M | - | 0.92M | 1.29M |
| Accumulated other comprehensive income | -0.68M | -1.33M | - | -0.62M | 0.26M |
| Common stock total equity | - | - | - | 0.07M | - |
| Retained earnings total equity | - | - | - | 46.48M | - |
| Non currrent assets other | 30.14M | 29.02M | -60.41M | -6.04M | -3.56M |
| Non current assets total | 2122.24M | 2050.27M | 60.41M | 46.80M | 54.70M |
| Capital lease obligations | 10.57M | 9.03M | 10.90M | - | - |
| Long term debt total | - | - | - | 24.57M | - |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | -11.49M | -45.82M | - | -370.46M | 0.98M |
| Change to liabilities | - | - | - | -0.25M | 0.00M |
| Total cashflows from investing activities | -27.95M | -45.36M | - | -374.15M | 89.85M |
| Net borrowings | -7.08M | -21.15M | - | -57.71M | -174.54M |
| Total cash from financing activities | 60.94M | 25.57M | - | 332.50M | -16.71M |
| Change to operating activities | - | - | - | -0.25M | 1.50M |
| Net income | 7.49M | 12.35M | 15.16M | 23.56M | 10.85M |
| Change in cash | 46.05M | -14.35M | - | -16.60M | 86.33M |
| Begin period cash flow | 162.86M | 177.21M | 149.95M | 166.54M | 80.21M |
| End period cash flow | 208.90M | 162.86M | - | 149.95M | 166.54M |
| Total cash from operating activities | 13.05M | 5.44M | - | 25.05M | 13.19M |
| Issuance of capital stock | - | - | - | 27.77M | 0.11M |
| Depreciation | 4.15M | 3.87M | - | 1.74M | 1.48M |
| Other cashflows from investing activities | -15.59M | -22.68M | - | -2.57M | 1.15M |
| Dividends paid | 3.01M | 2.96M | - | -2.05M | 2.05M |
| Change to account receivables | 0.07M | 0.07M | - | 0.82M | 1.92M |
| Sale purchase of stock | -1.83M | -0.20M | - | 27.77M | - |
| Other cashflows from financing activities | 73.33M | 49.87M | - | 439.49M | 182.18M |
| Change to netincome | - | - | - | 2.80M | -2.63M |
| Capital expenditures | 0.87M | 1.29M | 0.00M | 1.12M | 2.08M |
| Change receivables | - | - | - | 0.82M | - |
| Cash flows other operating | - | - | - | -0.11M | - |
| Cash and cash equivalents changes | - | - | - | -16.60M | - |
| Change in working capital | -2.86M | -6.60M | - | 0.56M | 3.43M |
| Stock based compensation | 1.57M | 1.59M | - | 1.68M | 0.90M |
| Other non cash items | 0.70M | -6.36M | - | -3.82M | -3.83M |
| Free cash flow | 12.18M | 4.15M | - | 23.93M | 11.11M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| HNVR Hanover Bancorp Inc |
0.02 0.09% |
22.18 | 21.51 | - | 2.88 | 0.97 | 3.95 |
| DBSDY DBS Group Holdings Ltd ADR |
-0.76 0.34% |
219.92 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.62 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
0.28 0.82% |
34.49 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
-0.46 0.49% |
92.86 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
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. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.
80 East Jericho Turnpike, Mineola, NY, United States, 11501
516 548 8500
194
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael P. Puorro CPA | CEO & Chairman | 1960 |
| Mr. Brian K. Finneran | Pres | 1958 |
| Mr. Lance P. Burke | Exec. VP & CFO | 1979 |
| Ms. Lisa A. Dilorio | First Sr. VP & Chief Accounting Officer | 1964 |
| Ms. Alice T. Rouse | Exec. VP & Chief Risk Officer | 1966 |
| Mr. McClelland W. Wilcox | Sr. Exec. VP, Chief Lending & Chief Revenue Officer | 1971 |
| Mr. Michael P. Locorriere | Exec. VP & Chief Municipal Officer | 1968 |
| Ms. Michelle Mihas | First VP & Corp. Sec. | NA |
| Mr. McClelland W. Wilcox | President & Chief Revenue Officer | 1972 |
| Mr. Kevin Corbett | Executive VP & Chief Credit Officer | 1960 |
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Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Financial Services
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Financials
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Healthcare
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Real Estate
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Technology
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