HNVR Hanover Bancorp, Inc

MIXED Impact: 4/10 PRESS-RELEASE
Horizon days Filed Apr 27, 2026 Processed 1mo ago Wire GlobeNewswire
Press release: earnings
Latest settled — T+20d ⚠ clustered
HNVR ▲ +1.21% at T+20d
NEUTRAL call ✓ call won +1.21% · α vs SPY -4.26% · entry $23.20 → $23.48
Next anchor: T+60d in 6w
Last close $23.77 (close Jun 8) · +2.46% from $23.20 entry
Entry anchored
Apr 27, 03:43 PM ET
via Databento tick
T+1d
+0.28%
call +0.28% · α +0.29%
$23.27
settled 6w ago
T+5d
+0.22%
call +0.22% · α -1.48%
$23.25
settled 5w ago
T+20d
+1.21%
call +1.21% · α -4.26%
$23.48
settled 15d ago
T+60d
call — · α —
in 6w

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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

epsrevenue

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

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
0% bullish (7 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3281992
4 reports for HNVR
Performance horizon

Track record builds as more directional reports settle.

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Reports for HNVR — sortable, filterable
Type Now
Jun 4, 2026
5d ago
8-K
NEUTRAL ★ 4/10
$23.60 $23.60· 0.00%▲ +2.60%$23.77 (+0.72%)
Jun 1, 2026
8d ago
8-K
NEUTRAL ★ 3/10
$23.11 $22.91▼ −0.87%▼ −0.17%$23.77 (+2.86%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 6/10
$23.20 $23.27▲ +0.28%▲ +0.29%$23.77 (+2.46%)
Apr 27, 2026
6w ago
Press Release
MIXED ★ 4/10
$23.20 $23.27▲ +0.28%▲ +0.29%$23.77 (+2.46%)
Showing 4 of 4

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