secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001558370-23-016779
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q3 net income $3.5M, EPS $0.48; fiscal year changes to calendar
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- Net income of $3.5M ($0.48 diluted EPS) for quarter ended Sep 30, 2023, vs $5.8M ($0.79) a year ago.
- Net interest margin narrowed to 2.29% from 4.04% YoY, driven by higher deposit costs and increased liquidity.
- Deposits grew $141.4M (8.9%) from June 30; undrawn liquidity was 204% of uninsured deposits.
- Board declared $0.10 quarterly cash dividend payable Nov 15, 2023; authorized repurchase of up to 366,050 shares.
- Fiscal year end changed from Sep 30 to Dec 31; transition stub period Oct–Dec 2023 to be reported.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023016779/0001558370-23-016779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837023016779/hnvr-20231026x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016779

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