secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022017022/0001558370-22-017022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837022017022/hovb-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017022

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