---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009031"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T15:29:52.758125+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp Q2 net income $5.9M ($1.00 EPS) vs $2.1M YoY; completes IPO raising $26.8M

## Summary
- Net income $5.9M ($1.00 diluted EPS) vs $2.1M ($0.48) in prior-year quarter.
- Completed IPO on May 11, 2022: gross proceeds $26.8M at $21.00/share; began trading Nasdaq HNVR.
- Initiated quarterly cash dividend of $0.10/share paid Feb 15, 2022.
- Net interest margin 4.26% vs 3.79% YoY; net interest income up 89% to $14.7M.
- Total assets $1.48B; tangible book value $19.75/share; opened branch in Freehold, NJ.

## SEC filing metadata
- accession: 0001558370-22-009031
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837022009031/0001558370-22-009031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837022009031/hovb-20220516x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009031
- JSON: https://secwatch.observer/filing/0001558370-22-009031.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009031.txt

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