secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001558370-23-000495
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023000495/0001558370-23-000495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023000495/hnvr-20230125x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000495

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