Hanover Bancorp, Inc. (HNVR) — Financial statements
Income statement, balance sheet, and cash flow for Hanover Bancorp, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 143↓3.4% | 148↑30.3% | 114↑47.3% | 77↑48.6% | 52 | |
| Cost of Revenue | 80↓5.3% | 85↑57.2% | 54↑364.4% | 12↑45.9% | 8 | |
| Gross Profit | 63↓0.9% | 63↑6.0% | 60↓8.8% | 66↑49.1% | 44 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 36↑31.9% | 27↑23.3% | 22↑9.4% | 20↑35.7% | 15 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.12 | |
| SG&A Expenses | 36↑31.9% | 27↑23.3% | 22↑9.4% | 20↑34.6% | 15 | |
| Other Expenses | 17↓13.6% | 20↑12.8% | 18↑17.6% | 15↑0.1% | 15 | |
| Operating Expenses | 53↑12.5% | 47↑18.6% | 40↑12.9% | 35↑17.3% | 30 | |
| Total Costs & Expenses | 133↑1.1% | 132↑40.8% | 94↑100.2% | 47↑23.3% | 38 | |
| Operating Results | ||||||
| Operating Income | 10↓39.2% | 16↓18.9% | 20↓33.8% | 30↑117.0% | 14 | |
| Depreciation & Amortization | 0.00↓100.0% | 4↑10.8% | 3↑100.2% | 2↑18.2% | 1 | |
| EBITDA | 10↓50.8% | 20↓14.5% | 24↓26.6% | 32↑107.6% | 16 | |
| EBIT | 10↓39.2% | 16↓18.9% | 20↓33.8% | 30↑117.0% | 14 | |
| Interest & Other Income | ||||||
| Net Interest Income | 60↑13.9% | 53↓2.6% | 54↓11.0% | 61↑46.9% | 42 | |
| Interest Income | 130↓1.9% | 133↑26.6% | 105↑53.5% | 68↑40.6% | 49 | |
| Interest Expense | 70↓12.4% | 80↑58.1% | 51↑604.5% | 7↑3.0% | 7 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 10↓39.2% | 16↓18.9% | 20↓33.8% | 30↑117.0% | 14 | |
| Income Tax Expense | 2↓38.9% | 4↓19.7% | 5↓27.6% | 7↑116.8% | 3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7↓39.3% | 12↓18.6% | 15↓35.6% | 24↑117.1% | 11 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7↓39.3% | 12↓18.6% | 15↓35.6% | 24↑117.1% | 11 | |
| Bottom-Line Net Income | 7↓37.4% | 12↓18.1% | 15↓35.5% | 23↑113.0% | 11 | |
| EPS (Basic) | 1.00↓40.1% | 1.67↓19.3% | 2.07↓44.7% | 3.74↑61.2% | 2.32 | |
| EPS (Diluted) | 1.00↓39.8% | 1.66↓19.0% | 2.05↓44.3% | 3.68↑61.4% | 2.28 | |
| Weighted Average Shares | 7↑0.9% | 7↑5.2% | 7↑16.1% | 6↑29.9% | 5 | |
| Weighted Average Diluted Shares | 7↑0.6% | 7↑4.4% | 7↑15.6% | 6↑29.4% | 5 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.