secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001558370-22-014419
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp assets grow to $1.61B; net income $17.7M for 9 months to June 2022
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- Net income of $17.7M for 9 months ended 6/30/22; adjusted net income $17.9M.
- Total assets $1.61B, total net loans $1.405B; tangible common equity $148M.
- Net interest margin 4.23%; adjusted ROAA 1.63%; adjusted ROATCE 20.4%.
- Tangible book value per share $20.26; initiated $0.10 quarterly dividend in Feb 2022.
- Completed IPO in May 2022 issuing 1.47M shares at $21.00; opened new branch in Suffolk County.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022014419/0001558370-22-014419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022014419/hovb-20220915x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014419

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