For the quarter ending 2025-06-30, HNVR made $65,480K in revenue. $2,443K in net income. Net profit margin of 3.73%.
| Income Statement | 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 Income | 1,083 | - | - | |
| Revenue from contracts with customers, not included within the scope of asc 606-Service Charges On Deposit Accounts | 162 | - | - | |
| Revenue from contracts with customers, not included within the scope of asc 606-Other Revenue | 18 | - | - | |
| Revenue not from contract with customer, excluding interest income | - | 3,917 | 3,536 | |
| Revenue from contracts with customers, not included within the scope of asc 606-Net Gain On Sale Of Loans Held For Sale | 2,298 | - | - | |
| Total non-interest income | 3,561 | 3,954 | 3,622 | |
| Time deposits | 5,058 | 5,546 | 4,910 | |
| Savings, now and money market deposits | 10,649 | 13,941 | 12,667 | |
| Borrowings | 1,547 | 1,524 | 2,596 | |
| Total interest expense | 17,254 | 21,011 | 20,173 | |
| Other interest income | 831 | 1,138 | 762 | |
| Taxable securities | 1,433 | 1,619 | 1,534 | |
| Loans | 29,785 | 31,356 | 31,124 | |
| Total interest income | 32,049 | 34,113 | 33,420 | |
| Net interest income | 14,795 | 13,102 | 13,247 | |
| Provision for credit losses | 2,357 | 200 | 4,040 | |
| Net interest income after provision for credit losses | 12,438 | 12,902 | 9,207 | |
| Professional fees | 878 | 762 | 717 | |
| Other expenses | 1,952 | 1,930 | 1,751 | |
| Salaries and employee benefits | 7,003 | 6,840 | 6,499 | |
| Data processing | 508 | 547 | 495 | |
| Federal deposit insurance premiums | 365 | 360 | 365 | |
| Occupancy and equipment | 1,910 | 1,799 | 1,843 | |
| Total non-interest expense | 12,616 | 12,238 | 11,670 | |
| Income before income tax expense | 3,383 | 4,618 | 1,159 | |
| Income tax expense | 940 | 1,079 | 315 | |
| Net income | 2,443 | 3,539 | 844 | |
| Earnings per share, basic | 0.33 | 0.48 | 0.11 | |
| Earnings per share, diluted | 0.33 | 0.48 | 0.11 | |
| Weighted average number of shares outstanding, basic | 7,287,237 | 7,168,850 | 7,155,382 | |
| Weighted average number of shares outstanding, diluted | 7,292,950 | 7,193,854 | 7,204,676 | |
Hanover Bancorp, Inc. NY (HNVR)
Hanover Bancorp, Inc. NY (HNVR)