Hanover Bancorp Inc (HNVR)

Over the past year, Hanover Bancorp, Inc.'s share price increased by 21.42% as of October 7, 2025. In the past six months, Hanover Bancorp reported its second-quarter 2025 results, opened its tenth branch in Port Jefferson, announced a core banking system conversion to drive digital growth, and unveiled a refreshed logo.

The banking industry, including Hanover Bancorp, Inc., experiences seasonal trends in loan demand and investment services. Loan demand is typically low in January and February, increasing through May and peaking in early June or later in the summer, then decreasing until December. Investment services see increased demand in December and early January. Changes in interest rates are a primary driver of loan demand.

Hanover Bancorp, Inc. is a bank holding company operating as Hanover Community Bank. It provides financial services and commercial banking products to small and medium-sized businesses, municipalities, and individuals, offering a variety of accounts, lending products, cards, cash management, and online and mobile banking services.

Hanover Bancorp, Inc. operates ten branch locations, primarily covering Long Island, the greater New York metropolitan area, and Freehold, New Jersey. Its corporate headquarters are located in Mineola, New York.

In the past year, Hanover Bancorp, Inc. launched a new website, initiated a radio and digital audio advertising campaign, announced grants to local non-profit organizations, opened a tenth branch, converted its core banking system, and unveiled a refreshed logo, all contributing positively to its brand reputation.

Hanover Bancorp, Inc. has 97 institutional owners and shareholders, holding a total of 2,090,745 shares. The ownership structure is a mix of institutional, retail, and individual investors, with Robert Golden owning the most shares.