Hanover Bancorp, INC /NY 10-Q quarterly reports

Hanover Bancorp, Inc. announced a significant increase in net income for the second quarter of 2026, driven by improved net interest income and a lower provision for credit losses, despite a rise in operational costs.

Hanover Bancorp reports Q1 2026 net income of $1.9 million, driven by improved net interest margins and strategic funding optimization.

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.

Hanover Bancorp reports a significant increase in net income for Q2 2025, driven by improved net interest income and reduced credit loss provisions.

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.

Hanover Bancorp's Q3 2024 earnings remained flat year-over-year, with increased expenses offsetting gains in net interest and non-interest income.

Hanover Bancorp's second-quarter earnings were impacted by increased credit loss provisions and non-interest expenses, despite a rise in non-interest income.

Hanover Bancorp's first quarter 2024 net income increased to $4.1 million, driven by higher non-interest income and lower credit loss provisions.

Hanover Bancorp's first quarter of fiscal year 2024 saw a decrease in net income compared to the same period last year, primarily due to a compression of the net interest margin and increased non-interest expenses.