HNVRNasdaqState Commercial BanksFiscal year ends December 31
Hanover Bancorp, Inc. /MD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$23.75−0.38 (-1.57%)
Close on Oct 19, 2026
- Market cap
- $171.48M
- P/E (TTM)
- 18.6
- Dividend yield
- 0.42%
Margins
Share of revenue, fiscal years 2019 to 2025
Net margin
10.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | – | +1.5% | +20.8% | – | |
| Net income | – | -31.8% | +8.5% | – | |
| EPS, diluted | – | -35.2% | -3.3% | – | |
| Free cash flow | – | -20.2% | – | – | |
| Dividend per share | – | 0.0% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2019 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Return on assets | – | – | – | |
| Capex to revenue | – | – | 1.2% | |
| Diluted shares | – | – | 7M |
Where the cash went
Fiscal 2020 to 2025, five years combined
Hanover Bancorp generated $68.29M from operations and spent $18.38M on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$68.29M
Used
$18.38M
Capital expenditure$8.57M47%Dividends$7.98M43%Share buybacks$1.83M10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.9%
×Asset turnover0.03×
×Equity multiplier11.13×
=Return on equity, FY20238.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 23.9% | 0.03× | 11.13× | 8.5% |
| FY2022 | 33.6% | 0.04× | 11.27× | 16.0% |
| FY2021 | 24.1% | 0.04× | 11.65× | 10.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 3 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$7.49M
- Cash generatingOperating cash flow above zero$13.05M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$13.05M vs $7.49M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → 7M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –