earnings
confidence high
sentiment positive
materiality 0.70
Hanover Bancorp Q3 net income flat at $3.5M; adjusted EPS $0.50, up from $0.38 YoY
Hanover Bancorp, Inc. /MD
2024-Q3 EPS reported
$1.14
- Net income $3.5M ($0.48 diluted EPS); adjusted net income $3.7M ($0.50 diluted EPS).
- Record non-interest income $4.0M, up 9.17% QoQ and 6.66% YoY.
- Net interest margin improved to 2.37% from 2.29% YoY; net interest income $13.1M, up 11.04% YoY.
- SBA loan sale gains $2.4M, up 63.83% YoY; total SBA loans sold $27.1M.
- Tangible book value per share $23.28 vs $22.51 at Dec 31; dividend $0.10 per share payable Nov 13.