secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001558370-22-009031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022009031/0001558370-22-009031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022009031/hovb-20220516x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-009031

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