secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001558370-24-000471
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837024000471/0001558370-24-000471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837024000471/hnvr-20240124x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000471

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