---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010047"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:05:04.957520+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp Q2 net income falls to $0.8M, EPS $0.11 from $0.55 linked quarter due to $4M provision

## Summary
- Net income $0.8M, diluted EPS $0.11 vs $4.1M ($0.55) prior Q and $3.1M ($0.42) year ago.
- Provision for credit losses of $4.0M, including $2.5M ACL on individually evaluated loan and $1.1M CECL model enhancement.
- Net interest margin improved to 2.46% from 2.41% linked quarter, but down from 2.68% year ago.
- Non-performing loans at $15.8M (0.79% of loans), reduced to $14.6M post-quarter with sale of largest NPA at no loss.
- Board declared $0.10 quarterly dividend, payable Aug 14 to record Aug 7.

## SEC filing metadata
- accession: 0001558370-24-010047
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1828588/000155837024010047/0001558370-24-010047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837024010047/hnvr-20240724x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010047
- JSON: https://secwatch.observer/filing/0001558370-24-010047.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010047.txt

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