secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001558370-23-006966
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q2 net income $3.2M ($0.43 EPS) vs $5.9M a year ago; NIM compresses
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- Net income $3.2M ($0.43 diluted EPS) vs $5.9M ($1.00) in Q2 2022; adjusted EPS $0.48.
- Net interest margin narrowed to 3.04% from 4.26% as deposit costs surged 250 bps YoY.
- Total deposits rose $189.6M to $1.7B; insured/collateralized deposits ~84% of total.
- Provision for loan losses $0.9M, including $407K write-off on Savoy Bank acquired PCI loans.
- Board declared $0.10 per share quarterly dividend payable May 17, 2023 (unchanged).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023006966/0001558370-23-006966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023006966/hnvr-20230427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006966

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