Hanover Bancorp Q4 net income $3.8M, EPS $0.51; adjusted EPS $0.54, up 43% linked

Hanover Bancorp, Inc. /MD

2023-FY EPS reported $0.51

Net income $3.8M ($0.51 diluted); adjusted net income $4.0M ($0.54), up 43.4% from linked quarter.
Net interest income $12.7M, up 7.3% linked; net interest margin expanded to 2.40% from 2.29%.
Deposits grew $169.5M (9.8%) to $1.90B; loan portfolio $1.96B with 17.6% annualized linked growth.
SBA loan gains $2.3M, up 302% YoY; total SBA originations nearly doubled to $141M in 2023.
Board declared $0.10/share dividend payable Feb 14; filed shelf registration for capital access.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hanover Bancorp, Inc. /MD reported the quarter ended December 31, 2023 results: net income $3.8 million, EPS $0.51 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $3.8 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

The Company reported net income for the quarter ended December 31, 2023 of $3.8 million or $0.51 per diluted share

View on SEC.gov

Browse all earnings releases →

Hanover Bancorp, Inc. /MD filing history →

Source: SEC EDGAR

accession 0001558370-24-000471

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.