---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005224"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:48:28.576859+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-005224
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837024005224/0001558370-24-005224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837024005224/hnvr-20240417x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005224
- JSON: https://secwatch.observer/filing/0001558370-24-005224.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005224.txt

## Key facts
- Earnings Releases
  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
  source text: Net income for the quarter ended March 31, 2024 totaled $4.1 million or $0.55 per diluted share (including Series A preferred shares)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828588/000155837024005224/0001558370-24-005224-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.