earnings
confidence high
sentiment positive
materiality 0.75
Hanover Bancorp Q2 net income $4.1M ($0.55 EPS); NIM expands to 3.10%; declares $0.10 dividend
Hanover Bancorp, Inc. /MD
- Net income $4.1M ($0.55 diluted EPS); adjusted net income $4.3M ($0.58 diluted EPS) vs $2.4M ($0.33) YoY.
- Net interest income record $16.8M, up 13.36% YoY; net interest margin 3.10% vs 2.76% YoY.
- Demand deposits record $254.3M, up 7.13% linked quarter; share repurchases 112,346 shares at $23.54.
- New President Kevin O'Connor effective July 27, 2026; quarterly dividend $0.10 payable Aug 13, 2026.
- Non-performing loans $28.3M (1.42% of loans) vs $24.6M linked quarter; provision $500K.