---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000471"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T07:14:51.684548+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp Q4 net income $3.9M, margin expands to 2.53%; declares $0.10 dividend

## Summary
- Q4 net income $3.9M ($0.52 diluted EPS), up from $3.8M ($0.51) YoY; FY net income $12.3M ($1.66) vs $13.6M ($1.84).
- Net interest margin rose to 2.53% from 2.40% YoY; record non-interest income of $4.2M, up 28.67% YoY.
- Core deposits up 5.36% YoY; C&I loans grew 56.52% YoY; CRE concentration ratio improved to 385% of capital from 432%.
- NPLs $16.4M (0.82% of loans); ACL at 1.15% of loans. Dividend $0.10/share declared, payable Feb 19.
- Core system conversion to FIS Horizon expected around Feb 15; management cites strong pipelines and potential Russell 2000 inclusion.

## SEC filing metadata
- accession: 0001558370-25-000471
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2025-01-29T23:59:59+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/1828588/000155837025000471/0001558370-25-000471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837025000471/hnvr-20250129x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000471
- JSON: https://secwatch.observer/filing/0001558370-25-000471.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000471.txt

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