What is Hanover Bancorp, Inc.'s earnings per share (EPS)?

Hanover Bancorp, Inc. (HNVR) reported diluted earnings per share of $1.00 for fiscal year 2025. This represents a -39.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hanover Bancorp, Inc. Financials

HNVR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Hanover Bancorp, Inc. (HNVR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 24/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Hanover Bancorp, Inc.'s revenue declined 1.9% year-over-year, from $133.0M to $130.5M. This contraction results in a growth score of 30/100.

Leverage

Hanover Bancorp, Inc. has elevated debt relative to equity (D/E of 10.90), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Hanover Bancorp, Inc. has a free cash flow margin of 9.3%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Hanover Bancorp, Inc. generates a 3.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 6.3% the prior year.

Piotroski F-Score Neutral

4/9

Hanover Bancorp, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.74x

For every $1 of reported earnings, Hanover Bancorp, Inc. generates $1.74 in operating cash flow ($13.1M OCF vs $7.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$130.5M

YoY-1.9%

5Y CAGR+26.6%

Hanover Bancorp, Inc. generated $130.5M in revenue in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

EBITDA

N/A

Net Income

$7.5M

YoY-39.3%

5Y CAGR+8.5%

Hanover Bancorp, Inc. reported $7.5M in net income in fiscal year 2025. This represents a decrease of 39.3% from the prior year.

EPS (Diluted)

$1.00

YoY-39.8%

5Y CAGR-3.3%

Hanover Bancorp, Inc. earned $1.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 39.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$12.2M

YoY+193.7%

Hanover Bancorp, Inc. generated $12.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 193.7% from the prior year.

Cash & Debt

$208.9M

YoY+28.3%

5Y CAGR+21.1%

Hanover Bancorp, Inc. held $208.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.10

YoY+0.0%

Hanover Bancorp, Inc. paid $0.10 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY-0.2%

5Y CAGR+11.3%

Hanover Bancorp, Inc. had 7M shares outstanding in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.7%

YoY-3.5pp

5Y CAGR-6.7pp

Hanover Bancorp, Inc.'s net profit margin was 5.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity

3.7%

YoY-2.5pp

5Y CAGR-2.6pp

Hanover Bancorp, Inc.'s ROE was 3.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.8M

Hanover Bancorp, Inc. spent $1.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$869K

YoY-32.7%

5Y CAGR-4.5%

Hanover Bancorp, Inc. invested $869K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 32.7% from the prior year.

HNVR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$130.5M-1.9%	$133.0M+26.6%	$105.0M+53.5%	$68.4M+40.6%	$48.7M+21.3%	$40.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$70.0M-12.4%	$79.9M+58.1%	$50.6M+604.5%	$7.2M+3.0%	$7.0M-46.5%	$13.0M
Income Tax	$2.5M-38.9%	$4.0M-19.7%	$5.0M-27.6%	$6.9M+116.8%	$3.2M+158.1%	$1.2M
Net Income	$7.5M-39.3%	$12.3M-18.6%	$15.2M-35.6%	$23.6M+117.1%	$10.9M+118.2%	$5.0M
EPS (Diluted)	$1.00-39.8%	$1.66-19.0%	$2.05-44.3%	$3.68+61.4%	$2.28+93.2%	$1.18

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$32.6M-1.2%	$33.0M+2.9%	$32.0M-2.4%	$32.8M-0.7%	$33.1M-3.1%	$34.1M+2.1%	$33.4M+3.0%	$32.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$16.8M-5.6%	$17.8M+3.0%	$17.3M-5.2%	$18.2M-5.4%	$19.2M-8.4%	$21.0M+4.2%	$20.2M+3.5%	$19.5M
Income Tax	$103K-91.3%	$1.2M+25.4%	$940K+285.2%	$244K-81.1%	$1.3M+19.8%	$1.1M+242.5%	$315K-76.6%	$1.3M
Net Income	$33K-99.1%	$3.5M+42.9%	$2.4M+60.6%	$1.5M-61.0%	$3.9M+10.3%	$3.5M+319.3%	$844K-79.2%	$4.1M
EPS (Diluted)	N/A	$0.47+42.4%	$0.33+65.0%	$0.20	N/A	$0.48+336.4%	$0.11-80.0%	$0.55

HNVR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.4B+3.1%	$2.3B+7.6%	$2.1B+16.8%	$1.8B+23.9%	$1.5B+74.3%	$851.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$208.9M+28.3%	$162.9M-15.5%	$192.6M+28.5%	$149.9M-10.0%	$166.5M+107.6%	$80.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M+908.3%	$1.9M
Total Liabilities	$2.2B+3.2%	$2.1B+7.7%	$2.0B+17.8%	$1.7B+22.4%	$1.4B+76.1%	$773.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$200.3M+1.8%	$196.6M+5.8%	$185.9M+7.7%	$172.6M+40.9%	$122.5M+57.0%	$78.0M
Retained Earnings	$72.4M+6.6%	$67.9M+15.7%	$58.7M+26.3%	$46.5M+86.1%	$25.0M+76.8%	$14.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.4B+2.2%	$2.3B+0.8%	$2.3B+0.9%	$2.3B-0.9%	$2.3B-0.7%	$2.3B-0.1%	$2.3B+1.0%	$2.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$208.9M+24.7%	$167.6M+1.8%	$164.5M+2.7%	$160.2M-1.6%	$162.9M+15.3%	$141.2M+0.1%	$141.1M+3.4%	$136.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M
Total Liabilities	$2.2B+2.5%	$2.1B+0.8%	$2.1B+0.9%	$2.1B-1.0%	$2.1B-0.9%	$2.1B-0.3%	$2.1B+1.1%	$2.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$200.3M-0.8%	$201.8M+1.5%	$198.9M+1.1%	$196.6M0.0%	$196.6M+2.2%	$192.3M+1.2%	$190.1M+0.3%	$189.5M
Retained Earnings	$72.4M-1.0%	$73.1M+3.9%	$70.4M+2.5%	$68.7M+1.1%	$67.9M+4.9%	$64.8M+4.5%	$62.0M+0.2%	$61.9M

HNVR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$13.1M+139.9%	$5.4M-66.8%	$16.4M-34.6%	$25.1M+90.1%	$13.2M+2230.7%	$566K
Capital Expenditures	$869K-32.7%	$1.3M-62.1%	$3.4M+203.7%	$1.1M-46.0%	$2.1M+90.2%	$1.1M
Free Cash Flow	$12.2M+193.7%	$4.1M-68.1%	$13.0M-45.8%	$24.0M+115.6%	$11.1M+2208.7%	-$527K
Investing Cash Flow	-$27.9M+38.4%	-$45.4M+82.3%	-$256.4M+31.5%	-$374.1M-516.4%	$89.8M+1332.5%	-$7.3M
Financing Cash Flow	$60.9M+138.4%	$25.6M-91.0%	$282.6M-15.0%	$332.5M+2090.0%	-$16.7M-1760.5%	-$898K
Dividends Paid	$3.0M+1.7%	$3.0M+1.1%	$2.9M+43.4%	$2.0M	$0	N/A
Share Buybacks	$1.8M	$0	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$8.3M+200.1%	$2.7M+233.4%	-$2.1M-150.1%	$4.1M-25.1%	$5.5M+1104.4%	-$547K+82.4%	-$3.1M-186.3%	$3.6M
Capital Expenditures	$234K-26.2%	$317K+252.2%	$90K-60.5%	$228K+128.9%	-$789K-339.8%	$329K-77.2%	$1.4M+368.8%	$308K
Free Cash Flow	$8.0M+229.6%	$2.4M+213.1%	-$2.2M-155.4%	$3.9M-17.4%	$4.7M+637.1%	-$876K+80.7%	-$4.5M-238.3%	$3.3M
Investing Cash Flow	-$18.4M-23.8%	-$14.9M-92.5%	-$7.7M-159.2%	$13.0M-65.9%	$38.3M+332.7%	$8.8M+154.2%	-$16.3M+78.6%	-$76.2M
Financing Cash Flow	$51.5M+239.8%	$15.2M+7.6%	$14.1M+171.2%	-$19.8M+10.7%	-$22.2M-170.7%	-$8.2M-134.0%	$24.1M-24.5%	$31.9M
Dividends Paid	$762K+1.9%	$748K-0.3%	$750K+0.1%	$749K+0.9%	$742K+0.1%	$741K+0.1%	$740K+0.4%	$737K
Share Buybacks	$1.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HNVR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.7%-3.5pp	9.3%-5.2pp	14.4%-20.0pp	34.4%+12.1pp	22.3%+9.9pp	12.4%
Return on Equity	3.7%-2.5pp	6.3%-1.9pp	8.2%-5.5pp	13.7%+4.8pp	8.9%+2.5pp	6.4%
Return on Assets	0.3%-0.2pp	0.5%-0.2pp	0.7%-0.6pp	1.3%+0.6pp	0.7%+0.2pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.90+0.1	10.76+0.2	10.56+0.9	9.66-1.5	11.12+1.2	9.91
FCF Margin	9.3%+6.2pp	3.1%-9.3pp	12.4%-22.6pp	35.0%+12.2pp	22.8%+24.1pp	-1.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.1%-10.5pp	10.6%+3.0pp	7.6%+3.0pp	4.6%-7.2pp	11.8%+1.4pp	10.4%+7.8pp	2.5%-10.0pp	12.5%
Return on Equity	0.0%-1.7pp	1.7%+0.5pp	1.2%+0.5pp	0.8%-1.2pp	2.0%+0.1pp	1.8%+1.4pp	0.4%-1.7pp	2.1%
Return on Assets	0.0%-0.1pp	0.1%+0.0pp	0.1%+0.0pp	0.1%-0.1pp	0.2%+0.0pp	0.1%+0.1pp	0.0%-0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.90+0.3	10.55-0.1	10.62-0.0	10.65-0.1	10.76-0.3	11.10-0.2	11.26+0.1	11.17
FCF Margin	24.6%+17.2pp	7.4%+14.1pp	-6.7%-18.5pp	11.8%-2.4pp	14.2%+16.8pp	-2.6%+11.0pp	-13.6%-23.7pp	10.1%

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Frequently Asked Questions

What is Hanover Bancorp, Inc.'s annual revenue?

Hanover Bancorp, Inc. (HNVR) reported $130.5M in total revenue for fiscal year 2025. This represents a -1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hanover Bancorp, Inc.'s revenue growing?

Hanover Bancorp, Inc. (HNVR) revenue declined by 1.9% year-over-year, from $133.0M to $130.5M in fiscal year 2025.

Is Hanover Bancorp, Inc. profitable?

Yes, Hanover Bancorp, Inc. (HNVR) reported a net income of $7.5M in fiscal year 2025, with a net profit margin of 5.7%.

What is Hanover Bancorp, Inc.'s net profit margin?

Hanover Bancorp, Inc. (HNVR) had a net profit margin of 5.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Hanover Bancorp, Inc. pay dividends?

Yes, Hanover Bancorp, Inc. (HNVR) paid $0.10 per share in dividends during fiscal year 2025.

What is Hanover Bancorp, Inc.'s return on equity (ROE)?

Hanover Bancorp, Inc. (HNVR) has a return on equity of 3.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hanover Bancorp, Inc.'s free cash flow?

Hanover Bancorp, Inc. (HNVR) generated $12.2M in free cash flow during fiscal year 2025. This represents a 193.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hanover Bancorp, Inc.'s operating cash flow?

Hanover Bancorp, Inc. (HNVR) generated $13.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hanover Bancorp, Inc.'s total assets?

Hanover Bancorp, Inc. (HNVR) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hanover Bancorp, Inc.'s capital expenditures?

Hanover Bancorp, Inc. (HNVR) invested $869K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Hanover Bancorp, Inc. buy back shares?

Yes, Hanover Bancorp, Inc. (HNVR) spent $1.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Hanover Bancorp, Inc. have outstanding?

Hanover Bancorp, Inc. (HNVR) had 7M shares outstanding as of fiscal year 2025.

What is Hanover Bancorp, Inc.'s debt-to-equity ratio?

Hanover Bancorp, Inc. (HNVR) had a debt-to-equity ratio of 10.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hanover Bancorp, Inc.'s return on assets (ROA)?

Hanover Bancorp, Inc. (HNVR) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hanover Bancorp, Inc.'s Piotroski F-Score?

Hanover Bancorp, Inc. (HNVR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hanover Bancorp, Inc.'s earnings high quality?

Hanover Bancorp, Inc. (HNVR) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Hanover Bancorp, Inc.?

Hanover Bancorp, Inc. (HNVR) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.