Michael Thaden
appointed Michael Thaden as a director of the Company, effective immediately.
Highest-materiality recent filing
Hanover Bancorp Q1 net income $1.9M; adj. EPS $0.54; margin expands to 2.96%
Net income $1.9M ($0.25 diluted); adj. net income $4.0M ($0.54), excl. $2.1M severance.
Hanover Bancorp raises $35M through subordinated notes, refinances existing debt
Issued $35M fixed-to-floating subordinated notes due 2036 at 7.25% fixed rate until March 2031 then SOFR+386bps.
Hanover Bancorp Q4 net income sinks to $33K; pre-provision net revenue hits highest since 2022
Net income $33K (after $6.1M provision) vs $3.9M YoY; full-year net income $7.5M vs $12.3M.
Hanover Bancorp Q3 net income $3.5M ($0.47/diluted); NIM expands to 2.74%
Q3 net income $3.5M vs $2.4M linked quarter; diluted EPS $0.47 vs $0.33 linked.
Hanover Bancorp investor presentation discusses acquisition of Minden and private placement
Presentation filed Sept 4, 2025, cites pending acquisition of Minden (target undisclosed) subject to regulatory and shareholder approval.
Hanover Bancorp Q2 net income $2.4M ($0.33 EPS) vs $0.8M a year ago; NIM expands to 2.76%
Net income of $2.4M vs $0.8M in Q2 2024; diluted EPS $0.33 vs $0.11.
Hanover Bancorp proposes acquisition of Minden; private placement also planned
Pending acquisition of Minden disclosed in investor presentation; requires shareholder and regulatory approvals.
Hanover Bancorp Q1 2025 adj. EPS $0.55 vs $0.55 YoY; NIM expands to 2.68%
Net income $1.5M ($0.20 diluted); adjusted net income $4.1M ($0.55 diluted) excluding $2.6M core system conversion costs.
Hanover Bancorp Q4 net income $3.9M, margin expands to 2.53%; declares $0.10 dividend
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).
Hanover Bancorp Q3 net income flat at $3.5M; adjusted EPS $0.50, up from $0.38 YoY
Net income $3.5M ($0.48 diluted EPS); adjusted net income $3.7M ($0.50 diluted EPS).
Net income $0.8M, diluted EPS $0.11 vs $4.1M ($0.55) prior Q and $3.1M ($0.42) year ago.
Hanover Bancorp presents investor deck on pending acquisition of Minden
Acquisition of Minden requires regulatory approvals and Minden shareholder approval; private placement not conditional on deal.
Hanover Bancorp issues 125K Series A Preferred to Castle Creek in exchange for common shares
Castle Creek exchanges 125,000 common shares for 125,000 new Series A Convertible Perpetual Preferred shares; authorized shares increased to 450,000.
Hanover Bancorp Q1 net income rises 27.9% YoY to $4.1M; EPS $0.55
Net income $4.1M ($0.55 diluted EPS), up 27.9% YoY and 7.8% linked quarter.
appointed Michael Thaden as a director of the Company, effective immediately.
Max materiality 0.80 · Median 0.62 · Most common event earnings