secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001104659-26-007960
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q4 net income sinks to $33K; pre-provision net revenue hits highest since 2022
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- Net income $33K (after $6.1M provision) vs $3.9M YoY; full-year net income $7.5M vs $12.3M.
- Pre-provision net revenue (non-GAAP) $6.2M, highest since Q4 2022; NIM expanded to 2.84% from 2.53%.
- Net interest income $15.8M, up 14.64% YoY; total deposits $2.03B, up 3.79% YoY.
- Board declared $0.10 quarterly cash dividend payable Feb 26, 2026 to holders of record Feb 12, 2026.
- NPLs removed $9.6M via strategic credit cleanup; allowance for credit losses 0.93% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000110465926007960/0001104659-26-007960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000110465926007960/hnvr-20260129x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007960

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer