Hanover Bancorp (HNVR) financial statements
Hanover Bancorp reported revenue of $73M in fiscal 2025, up 20.8% a year over 5 years.
Net income was $7M.
Free cash flow was $12M, and the company returned $3M in dividends and $2M in net buybacks.
The diluted share count rose 72% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hanover Bancorp's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $28M | $45M | $70M | $63M | $68M | $73M |
| Interest expense | $13M | $7M | $7M | $51M | — | — |
| Pre-tax income | $6M | $14M | $30M | $20M | $16M | $10M |
| Income tax | $1M | $3M | $7M | $5M | $4M | $2M |
| Net income | $5M | $11M | $24M | $15M | $12M | $7M |
| EPS (diluted) | $1.18 | $2.28 | $3.68 | $2.05 | $1.66 | $1.00 |
| Diluted shares | 4M | 5M | 6M | 7M | 7M | 7M |
| Net margin | 17.5% | 24.1% | 33.6% | 23.9% | 18.0% | 10.2% |
Balance sheet
Fiscal years, from Hanover Bancorp's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $80M | $167M | $150M | $193M | $163M | $209M |
| Property, plant and equipment | $14M | $15M | $14M | $16M | $15M | $14M |
| Goodwill | $2M | $19M | $19M | $19M | $19M | $19M |
| Total assets | $852M | $1.5B | $1.8B | $2.1B | $2.3B | $2.4B |
| Total liabilities | $774M | $1.4B | $1.7B | $2.0B | $2.1B | $2.2B |
| Shareholders' equity | $78M | $123M | $173M | $186M | $197M | $200M |
| Net debt | -$80M | -$167M | -$150M | -$193M | -$163M | -$209M |
Cash flow
Fiscal years, from Hanover Bancorp's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $566,000 | $13M | $25M | $16M | $5M | $13M |
| Capital spending | $1M | $2M | $1M | $3M | $1M | $869,000 |
| Free cash flow | -$527,000 | $11M | $24M | $13M | $4M | $12M |
| Stock-based compensation | $766,000 | $901,000 | $2M | $2M | $2M | $2M |
| Dividends paid | — | $0 | $2M | $3M | $3M | $3M |
| Share buybacks (net) | — | — | — | — | $0 | -$2M |
| Free cash flow margin | -1.9% | 24.7% | 34.2% | 20.5% | 6.1% | 16.6% |
| Dividends per share | — | — | $0.33 | $0.41 | $0.41 | $0.41 |
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Open HNVR in InvestinglyQuestions
What was Hanover Bancorp's revenue in 2025?
$73M in fiscal 2025, from its 10-K filing.
How much free cash flow does Hanover Bancorp generate?
$12M in fiscal 2025 (operating cash flow minus capital spending).
From Hanover Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.