Hanover Bancorp Q1 net income rises 27.9% YoY to $4.1M; EPS $0.55

Hanover Bancorp, Inc. /MD

2024-Q1 EPS reported $0.55

Net income $4.1M ($0.55 diluted EPS), up 27.9% YoY and 7.8% linked quarter.
Non-interest income more than doubled YoY to ~$3.5M on record SBA gains.
Loans grew to $2.01B (+9.9% annualized QoQ); NPAs 0.74%, ACL 0.99%.
Core deposits $1.45B, up 5.1% from Dec 31; total deposits $1.92B.
Dividend of $0.10/sh declared, payable May 15, 2024, record May 8, 2024.

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 0.9

Hanover Bancorp, Inc. /MD reported the quarter ended March 31, 2024 results: net income $4.1 million, EPS $0.55 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $4.1 million
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended March 31, 2024 totaled $4.1 million or $0.55 per diluted share (including Series A preferred shares)

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Hanover Bancorp, Inc. /MD filing history →

Source: SEC EDGAR

accession 0001558370-24-005224

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