---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-049414"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:55:04.963274+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-049414
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000110465926049414/0001104659-26-049414-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000110465926049414/hnvr-20260427x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-049414
- JSON: https://secwatch.observer/filing/0001104659-26-049414.json
- Plain text: https://secwatch.observer/filing/0001104659-26-049414.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000110465926049414/0001104659-26-049414-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.