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Hanover Bancorp presents Q3 results and $35M subordinated debt issuance to investors
HNVRHanover Bancorp, Inc.
Hanover Bancorp furnished an investor presentation detailing its financial condition as of September 30, 2026. The company reported total assets of $2.4 billion, with a net income of $4.3 million for the quarter and diluted earnings per share of $0.60. The filing highlights a recent $35 million private placement of fixed-to-floating subordinated notes due in 2036 at a 7.25% coupon, completed in March 2026 to refinance existing debt and bolster capital. The presentation also outlines the bank's niche lending strategies in multifamily real estate and SBA loans, alongside its branch expansion on Long Island and in New York City. Hanover Bancorp operates as a community bank holding company providing consumer and commercial banking services.