secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001104659-26-049414
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000110465926049414/0001104659-26-049414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000110465926049414/hnvr-20260427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-049414

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