HNVR Hanover Bancorp, Inc
Price Chart
Executive Summary
Hanover Bancorp reported Q1 2026 adjusted EPS of $0.54, slightly above the $0.53 consensus, while revenue of $19.1M missed the $19.5M estimate. Net interest margin expanded to 2.96% from 2.68% YoY, but GAAP earnings were depressed by a $2.3M severance charge. The results are mixed with positive margin trends offset by revenue miss and elevated non-performing loans.
Actionable Insight
The adjusted EPS beat is small and revenue missed, suggesting muted market reaction. Watch for NPL trends and potential guidance on loan growth in upcoming quarters.
Key Facts
- Adjusted EPS $0.54 vs consensus $0.53 (beat by 1.9%)
- Revenue $19.1M vs consensus $19.5M (miss by 2.0%)
- Net interest margin 2.96% vs 2.68% YoY
- Net interest income $16.4M, up 11.85% YoY
- GAAP net income $1.9M or $0.25 EPS, including $2.3M severance
- Non-performing loans 1.23% of total loans vs 1.08% prior quarter
Financial Impact
Adjusted EPS $0.54 vs $0.53 consensus; revenue $19.1M vs $19.5M consensus
Risk Factors
- Rising non-performing loans (1.23% vs 1.08% prior quarter)
- High severance costs impacting GAAP earnings
- SBA loan origination volume declining
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3281992 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
5d ago
|
8-K
| $23.60 $23.60 | · 0.00% | ▲ +2.60% | $23.77 (+0.72%) |
|
Jun 1, 2026
8d ago
|
8-K
| $23.11 $22.91 | ▼ −0.87% | ▼ −0.17% | $23.77 (+2.86%) |
|
Apr 27, 2026
6w ago
|
8-K
| $23.20 $23.27 | ▲ +0.28% | ▲ +0.29% | $23.77 (+2.46%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $23.20 $23.27 | ▲ +0.28% | ▲ +0.29% | $23.77 (+2.46%) |
US Market Status
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