secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001558370-22-011100
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q3 net income $5.3M ($0.80/diluted); declares $0.10 dividend; expands to Hauppauge
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- Net income $5.3M ($0.80/diluted), up from $221K ($0.05) a year ago; adjusted net income $5.5M ($0.83/diluted).
- Net interest income $14.8M (+41.8% YoY); net interest margin 4.05% (3.94% ex-accretion).
- Board declares $0.10 quarterly cash dividend payable Aug. 16, 2022 to holders of record Aug. 9, 2022.
- Loan growth ex-PPP $144.1M linked quarter (46.1% annualized); loan pipeline ~$428M.
- Expanding into Hauppauge, NY (Suffolk County) with full-service branch expected operational by year-end 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022011100/0001558370-22-011100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022011100/hovb-20220727x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011100

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