secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001558370-24-013515
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q3 net income flat at $3.5M; adjusted EPS $0.50, up from $0.38 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837024013515/0001558370-24-013515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837024013515/hnvr-20241023x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013515

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