---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-017022"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:52:02.403996+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp reports FY22 net income $23.6M, NIM 4.18%, TBV $21.00

## Summary
- Total assets $1.84B, net loans $1.624B, deposits $1.5B at Sep 30, 2022.
- Net income $23.6M for FY22; adjusted ROATCE 18.8% and adjusted ROAA 1.56%.
- Net interest margin 4.18%, efficiency ratio 50%; loan growth ex-PPP 46% LTM.
- Quarterly dividend of $0.10/share initiated Feb 2022; IPO in May 2022 at $21.00.
- Municipal deposits grew to $416.9M; planned branch expansion into Hauppauge early 2023.

## SEC filing metadata
- accession: 0001558370-22-017022
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837022017022/0001558370-22-017022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837022017022/hovb-20221109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-017022
- JSON: https://secwatch.observer/filing/0001558370-22-017022.json
- Plain text: https://secwatch.observer/filing/0001558370-22-017022.txt

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