Hanover Bancorp Inc (HNVR)

In the past six months, Hanover Bancorp reported its third-quarter 2025 results and declared a quarterly cash dividend. The company launched a new website and an inaugural radio and digital audio campaign. Hanover Bancorp reported its second-quarter 2025 results, highlighted by strong demand deposit growth, continued margin expansion, and its inclusion in the Russell 2000 Index. The last dividend payment date was August 13, 2025, with an ex-dividend date of August 6, 2025. Another ex-dividend date was November 13, 2025, with a payment date of November 20, 2025.

Core deposits showed an increase from September 30, 2024, and December 31, 2023. Demand deposits specifically increased from September 30, 2024. Demand deposit balances decreased between December 31, 2023, and September 30, 2024, primarily due to fluctuations in deposits made by residential loan borrowers in anticipation of closings. Loan originations tied to a specific office were $33.5 million during the fourth quarter of 2024 and $88.4 million for the full year. Hanover Bancorp's demand may be influenced by local economic conditions, real estate market cycles, and business investment trends in the metro-New York area.

Hanover Bancorp, Inc. is a bank holding company for Hanover Community Bank, established in 2008. It operates as a commercial community bank providing financial services to individuals, small and medium-sized businesses, and municipalities. The company operates within the Financial sector and the Regional - Northeast Banks industry, offering loan products, deposit accounts, and other services like ATM access, mobile banking, and cash management.

Hanover Bancorp's market presence is centered in the metro-New York area. It operates ten branch locations serving Long Island, the greater New York metropolitan area, and Freehold, New Jersey. Its banking offices are located in Kings, Nassau, Suffolk, New York, and Queens counties in New York, and Monmouth County, New Jersey. The corporate administrative office is in Mineola, New York.

Hanover Bancorp strives to create a first-class banking experience, exceed client expectations, value employees, positively impact communities, and inspire confidence in shareholders. Inclusion in the Russell 2000 Index, the launch of a new website and marketing campaigns could positively impact its reputation. Q2 2025 Earnings Miss, Q3 2025 Profit Drop, and Litigation Settlement could have a temporary negative impact on investor sentiment and, by extension, brand reputation.

Hanover Bancorp, Inc. has 112 institutional owners and shareholders holding a total of 2,228,571 shares. Major institutional owners include Alliancebernstein L.P., Fourthstone LLC, Vanguard Group Inc., and BlackRock, Inc. Michael P. Puorro serves as the Chief Executive Officer & Chairman.