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Hanover Bancorp, Inc. NY (HNVR)

For the quarter ending 2025-06-30, HNVR made $35,610K in revenue. $2,443K in net income. Net profit margin of 6.86%.

Overview

Revenue
$35,610K
Net Income
$2,443K
Net Profit Margin
6.86%
EPS
$0.33
Unit: Thousand (K) dollars
Revenue Breakdown
    • Loans
    • Revenue from contracts with cust...
    • Taxable securities
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2024-09-30
2024-06-30
Revenue from contracts with customers, not included within the scope of asc 606-Loan Servicing And Fee Income1,083 - -
Revenue from contracts with customers, not included within the scope of asc 606-Service Charges On Deposit Accounts162 - -
Revenue from contracts with customers, not included within the scope of asc 606-Other Revenue18 - -
Revenue from contracts with customers, not included within the scope of asc 606-Net Gain On Sale Of Loans Held For Sale2,298 - -
Revenue not from contract with customer, excluding interest income- 3,917 3,536
Total non-interest income3,561 3,954 3,622
Professional fees878 762 717
Other expenses1,952 1,930 1,751
Salaries and employee benefits7,003 6,840 6,499
Data processing508 547 495
Federal deposit insurance premiums365 360 365
Occupancy and equipment1,910 1,799 1,843
Total non-interest expense12,616 12,238 11,670
Provision for credit losses2,357 200 4,040
Time deposits5,058 5,546 4,910
Savings, now and money market deposits10,649 13,941 12,667
Borrowings1,547 1,524 2,596
Total interest expense17,254 21,011 20,173
Other interest income831 1,138 762
Taxable securities1,433 1,619 1,534
Loans29,785 31,356 31,124
Total interest income32,049 34,113 33,420
Net interest income14,795 13,102 13,247
Net interest income after provision for credit losses12,438 12,902 9,207
Income before income tax expense3,383 4,618 1,159
Income tax expense940 1,079 315
Net income2,443 3,539 844
Earnings per share, basic0.33 0.48 0.11
Earnings per share, diluted0.33 0.48 0.11
Weighted average number of shares outstanding, basic7,287,237 7,168,850 7,155,382
Weighted average number of shares outstanding, diluted7,292,950 7,193,854 7,204,676
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Loans$29,785K (-4.30%↓ Y/Y)Taxable securities$1,433K (-6.58%↓ Y/Y)Other interest income$831K (9.06%↑ Y/Y)Total interest income$32,049K (-4.10%↓ Y/Y)Net interest income$14,795K (11.69%↑ Y/Y)Revenue from contractswith customers, not...$2,298K Revenue from contractswith customers, not...$18K Revenue from contractswith customers, not...$162K Revenue from contractswith customers, not...$1,083K Total interestexpense$17,254K (-14.47%↓ Y/Y)Net interest incomeafter provision for...$12,438K (35.09%↑ Y/Y)Total non-interestincome$3,561K (-1.68%↓ Y/Y)Provision for creditlosses$2,357K (-41.66%↓ Y/Y)Borrowings$1,547K (-40.41%↓ Y/Y)Savings, now and moneymarket deposits$10,649K (-15.93%↓ Y/Y)Time deposits$5,058K (3.01%↑ Y/Y)Income before incometax expense$3,383K (191.89%↑ Y/Y)Total non-interestexpense$12,616K (8.11%↑ Y/Y)Net income$2,443K (189.45%↑ Y/Y)Income tax expense$940K (198.41%↑ Y/Y)Occupancy and equipment$1,910K (3.64%↑ Y/Y)Federal depositinsurance premiums$365K (0.00%↑ Y/Y)Data processing$508K (2.63%↑ Y/Y)Salaries and employeebenefits$7,003K (7.76%↑ Y/Y)Other expenses$1,952K (11.48%↑ Y/Y)Professional fees$878K (22.45%↑ Y/Y)