secwatch.observer — SEC 8-K summary
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Issuer:     Hanover Bancorp, Inc. /MD (HNVR)
CIK:        0001828588
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001558370-25-005190
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanover Bancorp Q1 2025 adj. EPS $0.55 vs $0.55 YoY; NIM expands to 2.68%
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- Net income $1.5M ($0.20 diluted); adjusted net income $4.1M ($0.55 diluted) excluding $2.6M core system conversion costs.
- Net interest income $14.6M, +13.1% YoY; net interest margin 2.68% vs 2.41% a year ago.
- Non-performing loans fell 28.5% to $11.7M (0.60% of total loans); allowance for credit losses 1.17%.
- Quarterly dividend $0.10 per share declared, payable May 14, 2025 to holders of record May 7.
- Completed core system conversion to FIS Horizon in Feb 2025; CRE concentration ratio improved to 369% of capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828588/000155837025005190/0001558370-25-005190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828588/000155837025005190/hnvr-20250423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005190

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