---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000495"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:45:24.856222+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp Q4 net income $5.3M ($0.72 EPS) vs $6.5M a year ago; loan growth 30.4% annualized

## Summary
- Net income of $5.3M, $0.72 diluted EPS; adjusted net income $5.1M ($0.69) excluding purchase accounting.
- Net interest margin compressed to 3.49% from 4.39% YoY and 4.04% linked quarter; cost of deposits rose.
- Net loan growth of $123.3M (30.4% annualized); total assets $1.98B, up from $1.84B linked.
- Tangible book value per share increased to $21.66 from $21.00 linked; Tier 1 leverage 10.34%.
- Board declared $0.10 per share cash dividend payable Feb 14, 2023, unchanged from prior.

## SEC filing metadata
- accession: 0001558370-23-000495
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837023000495/0001558370-23-000495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837023000495/hnvr-20230125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000495
- JSON: https://secwatch.observer/filing/0001558370-23-000495.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000495.txt

## Key facts
- Earnings Releases
  Hanover Bancorp, Inc. /MD reported the quarter ended December 31, 2022 results: net income $5.3 million, EPS $0.72 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Net income: $5.3 million
  - EPS: $0.72 per diluted share
  - Result: reported results
  source text: The Company reported net income for the quarter ended December 31, 2022 of $5.3 million or $0.72 per diluted share (includes Series A preferred shares), versus $6.5 million or $1.16 per diluted share in the comparable year ago period, representing a decrease of $1.2 million or 20.6%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000155837023000495/0001558370-23-000495-index.htm

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