Hanover Bancorp, INC /NY

Market Movers (8-K)

NASDAQ
Hanover Bancorp announced robust second quarter 2026 financial results, driven by record net interest income and margin expansion, alongside a declared quarterly dividend.
Better than expected
NASDAQ
Hanover Bancorp, Inc. announced the appointment of Kevin O'Connor as President of the Company and Hanover Community Bank, effective July 27, 2026.
NASDAQ
Hanover Bancorp, Inc. presented its financial performance and strategic outlook to investors, highlighting growth in assets, loans, and deposits, alongside a focus on niche lending and operational efficiency.
NASDAQ
Hanover Bancorp, Inc. announced shareholder approval of its 2026 Equity Incentive Plan and the election of directors at its annual meeting on May 28, 2026.
NASDAQ
Hanover Bancorp reported first quarter 2026 results with net income of $1.9 million, driven by net interest income growth and margin expansion, alongside a declared $0.10 quarterly dividend.
Capital raise
NASDAQ
Hanover Bancorp, Inc. completed a $35 million private placement of fixed-to-floating rate subordinated notes due 2036, primarily to refinance existing debt at a lower interest rate and for general corporate purposes.
Better than expected
Capital raise

Quarterly Earnings (10-Q)

NASDAQ
Hanover Bancorp reports Q1 2026 net income of $1.9 million, driven by improved net interest margins and strategic funding optimization.
Capital raise
NASDAQ
Hanover Bancorp reports flat net income for Q3 2025 at $3.5 million, driven by improved net interest margin offset by higher credit loss provisions and lower loan sale gains.
NASDAQ
Hanover Bancorp reports a significant increase in net income for Q2 2025, driven by improved net interest income and reduced credit loss provisions.
Better than expected
NASDAQ
Hanover Bancorp's Q1 2025 earnings decreased due to higher non-interest expenses related to a core system conversion, despite an increase in net interest income.
Worse than expected
NASDAQ
Hanover Bancorp's Q3 2024 earnings remained flat year-over-year, with increased expenses offsetting gains in net interest and non-interest income.
NASDAQ
Hanover Bancorp's second-quarter earnings were impacted by increased credit loss provisions and non-interest expenses, despite a rise in non-interest income.
Worse than expected

Annual Reports (10-K)

NASDAQ
Hanover Bancorp, Inc. reported a decrease in net income for fiscal year 2025 to $7.5 million, down from $12.3 million in 2024, primarily due to increased credit loss provisions and one-time conversion expenses, despite growth in net interest income.
Worse than expected
Capital raise
NASDAQ
Hanover Bancorp files an amendment to its 2024 annual report to include previously omitted executive agreements.
NASDAQ
Hanover Bancorp's 2024 net income decreased due to lower net interest income, increased provision for credit losses, and higher non-interest expenses, despite growth in certain lending areas.
Worse than expected

Insider Trading (Form 4)

NASDAQ
Kevin M O'Connor, President of Hanover Bancorp, Inc. /NY, purchased 10,000 shares of common stock on July 30, 2026 for $26.88 per share.
NASDAQ
Robert Golden, a Director at Hanover Bancorp, Inc., reported transactions involving the sale of common stock on June 12 and June 15, 2026.
NASDAQ
Director Robert Golden reported the sale of 8,419 shares of Hanover Bancorp, Inc. common stock held in a trust.
NASDAQ
Director Robert Golden reported a sale of 1,847 shares of common stock in Hanover Bancorp, Inc. on June 2, 2026.
NASDAQ
Director Robert Golden reported a sale of 1,514 shares of common stock in Hanover Bancorp, Inc. on May 29, 2026.
NASDAQ
Director Robert Golden sold 1,295 shares of Hanover Bancorp, Inc. common stock at an average price of $23.5298.

Proxy Statements (Def-14A)

NASDAQ
Hanover Bancorp, Inc. has announced its 2026 Annual Meeting of Shareholders, scheduled for May 28, 2026, to elect directors, approve an equity incentive plan, and ratify auditor appointments.
NASDAQ
Hanover Bancorp will hold its annual shareholder meeting virtually on April 30, 2025, to vote on director elections and the ratification of its independent auditor.

Schedule 13G - Passive Investments

NASDAQ
AllianceBernstein L.P. has reported beneficial ownership of 317,382 shares, representing 4.4% of the outstanding common stock of Hanover Bancorp Inc.
NASDAQ
AllianceBernstein L.P. has reported a 6.2% beneficial ownership stake in Hanover Bancorp Inc. common stock, held for investment purposes.
NASDAQ
Fourthstone LLC and its affiliates have reported a passive beneficial ownership of 5.84% in Hanover Bancorp, Inc. common stock.
NASDAQ
AllianceBernstein L.P. has filed an amended Schedule 13G, disclosing a 6.3% beneficial ownership stake in Hanover Bancorp Inc/NY as of March 31, 2025.