Hanover Bancorp, Inc. Reports First Quarter 2026 Results Highlighted by Continued Margin Expansion and Declares $0.10 Quarterly Cash Dividend
Hanover Bancorp, Inc. (HNVR)
Company Research
Source: GlobeNewswire
First Quarter Performance Highlights Net Income: Net income for the quarter ended March 31, 2026 totaled $1.9 million or $0.25 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance expenses) was $4.0 million or $0.54 per diluted share for the quarter ended March 31, 2026.Net Interest Income: Net interest income was $16.4 million for the quarter ended March 31, 2026, an increase of $0.5 million, or 3.36% from the quarter ended December 31, 2025 and $1.7 million, or 11.85%, from the quarter ended March 31, 2025, representing the highest level since the third quarter of 2022.Net Interest Margin Expansion: The Company’s net interest margin for the quarter ended March 31, 2026 increased to 2.96% from 2.84% for the quarter ended December 31, 2025 and 2.68% in the quarter ended March 31, 2025.Subordinated Debt: On March 12, 2026, the Company completed the private placement of $35 million of 7.25% fixed-to-floating subordinated notes
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HNVR
News
- Hanover Bancorp (HNVR) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b-)" to "hold (c)".MarketBeat
- Hanover Bancorp, Inc. Completes $35 Million Private Placement of Subordinated Notes [Yahoo! Finance]Yahoo! Finance
- Hanover Bancorp, Inc. Completes $35 Million Private Placement of Subordinated NotesGlobeNewswire
- Hanover Bancorp (NASDAQ:HNVR) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Hanover Bancorp (NASDAQ:HNVR) was given a new $26.50 price target on by analysts at Piper Sandler.MarketBeat
HNVR
Earnings
- 10/30/25 - Miss
HNVR
Sec Filings
- 4/27/26 - Form 8-K
- 4/23/26 - Form DEF
- 4/8/26 - Form 3
- HNVR's page on the SEC website