Hanover Bancorp Q1 net income $1.9M; adj. EPS $0.54; margin expands to 2.96%

Hanover Bancorp, Inc. /MD

2026-Q1 EPS reported $0.25

Net income $1.9M ($0.25 diluted); adj. net income $4.0M ($0.54), excl. $2.1M severance.
Net interest margin 2.96% (up 28 bps YoY); net interest income $16.4M, +11.9% YoY.
Issued $35M of 7.25% subordinated notes due 2036; redeemed $25M of 8.54% notes.
Declared $0.10 quarterly dividend payable May 18, 2026 to holders of record May 11, 2026.
NPLs $24.5M (1.23% of loans); ACL $19.1M (0.96% of loans) vs 0.93% at year-end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Hanover Bancorp, Inc. /MD reported the quarter ended March 31, 2026 results: net income $1.9 million, EPS $0.25 per diluted share.

Period: the quarter ended March 31, 2026
Net income: $1.9 million
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

Margin Expansion and Declares $0.10 Quarterly Cash Dividend First Quarter Performance Highlights ● Net Income: Net income for the quarter ended March 31, 2026 totaled $1.9 million or $0.25 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance expenses) was $4.0 million or $0.54 per diluted share for

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Source: SEC EDGAR

accession 0001104659-26-049414

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