Recent Updates — HNVR

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.

Hanover Bancorp reported third-quarter net income of $4.3 million, or $0.60 per diluted share, up from $3.5 million in the prior-year period. Net interest income reached a record $17.0 million, driven by a 28 basis point expansion in net interest margin to 3.02%. The company also declared a quarterly cash dividend of $0.10 per common share, payable on November 18, 2026, to shareholders of record as of November 11, 2026. Hanover Bancorp operates as the holding company for Hanover Community Bank, providing commercial and consumer banking services in New York.

Hanover Bancorp, Inc. reported second quarter 2026 net income of $4.1 million or $0.55 per diluted share, an increase from $2.4 million or $0.33 per diluted share in the comparable 2025 quarter. Net interest income reached a record $16.8 million, and the company declared a $0.10 per share quarterly cash dividend payable on August 13, 2026. Hanover Bancorp, Inc. is a bank holding company providing consumer, commercial, and municipal banking services in the metro-New York area.

Hanover Bancorp, Inc. appointed Kevin O’Connor as President of the company and its subsidiary, Hanover Community Bank, effective July 27, 2026. Mr. O’Connor, formerly the Long Island Market President at Valley Bank and CEO of Dime Community Bank, will receive an annual base salary, incentive compensation, and an initial restricted stock award of 10,000 shares vesting over five years. The appointment is intended to drive regional growth and expansion in the Long Island market. The company is a bank holding company that operates a community commercial bank providing consumer, commercial, and municipal banking services.