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Page: Company Financials

Hanover Bancorp, Inc.

Ticker: HNVR | Industry: Banks - Regional | Sector: Financial Services
$23.77 -0.40 (-1.65%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Stock Price 22.45 22.89 22.42 18.00 17.82 20.26 21.10 21.10 21.10 21.10 21.10 21.10
Market Capitalization 163.31M 171.69M 166.23M 132.34M 126.92M 142.22M 124.33M 132.86M 86.08M 74.51M 65.40M 57.23M
(-) Cash & Equivalents 167.57M 164.54M 164.11M 145.29M 196.30M 140.75M 128.57M 102.45M 60.70M 47.45M 36.95M 13.95M
(+) Total Debt 136.53M 132.52M 136.90M 167.16M 220.61M 145.78M 163.99M 90.23M 86.25M 119.68M 80.15M 30.19M
Enterprise Value 132.27M 139.68M 139.01M 154.21M 151.23M 147.24M 159.75M 120.64M 111.63M 146.74M 108.60M 73.48M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30
Revenue 145M 146M 148M 114M 77M 52M 41M 39M 19M 13M 10M
Cost of Revenue 77M 84M 85M 54M 12M 8M 14M 0M 0M 0M 0M
Gross Profit 68M 62M 63M 60M 66M 44M 27M 39M 19M 13M 10M
Gross Profit Margin 46.9% 42.3% 42.8% 52.6% 85.0% 84.7% 65.6% 100.0% 100.0% 100.0% 100.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 29M 26M 27M 22M 20M 15M 12M 14M 11M 8M 6M
Operating Expenses 53M 45M 47M 40M 35M 30M 21M 3M 13M 9M 6M
Operating Income (EBIT) 15M 16M 16M 20M 30M 14M 6M 36M 7M 4M 3M
Operating Income Margin 10.3% 11.2% 11.0% 17.7% 39.4% 27.0% 15.0% 91.7% 33.8% 27.7% 32.0%
Interest Income 131M 131M 133M 105M 68M 49M 40M 0M 0M 0M 0M
Interest Expense 72M 79M 80M 51M 7M 7M 13M 3M 0M 0M 0M
Net Interest Income 58M 52M 53M 54M 61M 42M 27M -3M 0M 0M 0M
Unusual Items -58M -52M -53M -54M -61M -42M -27M -23M 0M 0M 0M
EBT Excluding Unusual Items 73M 68M 69M 75M 92M 56M 33M 33M 7M 4M 3M
Pre-Tax Income 15M 16M 16M 20M 30M 14M 6M 10M 7M 4M 3M
Pre-Tax Margin 10.3% 11.2% 11.0% 17.7% 39.4% 27.0% 15.0% 26.3% 33.8% 27.7% 32.0%
Income Tax Expense 4M 4M 4M 5M 7M 3M 1M 2M 2M 1M 1M
Net Income 11M 12M 12M 15M 24M 11M 5M 8M 5M 2M 2M
Net Income Margin 7.8% 8.4% 8.3% 13.3% 30.5% 20.9% 12.0% 20.6% 23.8% 16.5% 20.7%
Depreciation & Amortization 4M 4M 4M 3M 2M 1M 1M 1M -7M -4M -3M
EBITDA 19M 20M 20M 24M 32M 16M 8M 37M -1M 0M 0M
EBITDA Margin 13.1% 13.8% 13.6% 20.8% 41.7% 29.8% 18.2% 93.4% -4.8% -2.3% 0.0%
NOPAT 11M 12M 12M 15M 24M 11M 5M 28M 5M 2M 2M
NOPAT Margin 7.8% 8.4% 8.3% 13.3% 30.5% 20.9% 12.0% 71.7% 23.8% 16.5% 20.7%
Owner's Earnings 15M 16M 15M 15M 24M 10M 5M 7M -3M -2M -1M
Owner's Earnings Margin 10.5% 10.8% 10.1% 13.4% 31.3% 19.7% 12.6% 18.5% -14.8% -13.5% -11.3%
EPS (Basic) 1.53 1.64 1.67 2.07 3.74 2.32 1.19 1.93 1.36 0.78 0.75
EPS (Diluted) 1.53 1.67 1.66 2.13 3.83 2.28 1.19 1.93 1.36 0.78 0.75
Shares (Basic) 7M 7M 7M 7M 6M 5M 4M 4M 3M 3M 3M
Shares (Diluted) 7M 7M 7M 7M 6M 5M 4M 4M 3M 3M 3M

Product Segments

Metric TTM TTM-1 2023-09-30 2022-09-30 2021-09-30
Banking, Loan Fees and Service Charges 0.00M 0.00M 0.00M 2.89M 0.70M
Banking, Loan Servicing Income 0.00M 0.00M 0.00M 0.00M 0.50M
Deposit Account 0.00M 0.00M 0.00M 0.23M 0.13M
Other Revenue 0.28M 0.00M 1.77M 0.00M 0.00M
Service Charges On Deposit Accounts 0.64M 0.00M 0.28M 0.00M 0.00M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30
Cash & Cash Equivalents 167.57M 164.54M 162.86M 192.11M 149.95M 151.25M 80.21M 87.83M 57.10M 34.95M 27.90M
Short-Term Investments 36.51M -49.56M 32.15M 0.51M 12.29M 7.75M 6.04M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 204.08M 114.98M 195.01M 192.62M 162.23M 159.00M 86.24M 87.83M 57.10M 34.95M 27.90M
Net Receivables 11.82M 1,944.88M 11.85M 10.64M 8.55M 9.36M 6.77M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 0.00M -1,933.22M 0.00M 206.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 215.90M 126.64M 206.85M 410.05M 170.78M 168.36M 93.01M 87.83M 57.10M 34.95M 27.90M
Property, Plant & Equipment 14.55M 36.84M 15.34M 26.25M 14.46M 15.00M 14.16M 14.41M 13.84M 0.00M 0.00M
Goodwill 19.17M 19.17M 19.17M 19.17M 19.17M 19.17M 1.90M 1.48M 0.00M 0.00M 0.00M
Intangible Assets 6.64M 0.22M 6.27M 4.81M 4.75M 4.17M 0.18M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 2,042.23M 0.00M 2,053.29M 15.00M 16.70M 16.36M 16.76M 65.73M 0.00M 0.00M 0.00M
Tax Assets 1.40M 1.52M 1.57M 0.00M 2.51M 3.56M 0.00M 661.65M 0.00M 0.00M 0.00M
Other Non-Current Assets 28.29M 0.00M 6.25M 1,889.86M -6.04M -3.56M -33.00M 10.05M 579.02M 466.41M 334.38M
Other Assets 0.00M 2,127.58M 0.00M -208.50M 1,631.03M 1,261.58M 725.60M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 2,112.27M 2,185.34M 2,101.88M 1,746.58M 1,682.58M 1,316.28M 725.60M 753.32M 592.87M 466.41M 334.38M
Total Assets 2,328.18M 2,311.98M 2,308.73M 2,156.64M 1,853.36M 1,484.64M 818.61M 841.16M 649.96M 501.36M 362.28M
Accounts Payable 1.81M 1.47M 1.53M 1.82M 0.92M 1.29M 0.37M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 2.51M -13.69M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 1,974.82M 1,951.28M 1,889.20M -3.64M -3.42M -1.29M -0.37M -0.53M 0.00M 0.00M 0.00M
Total Current Liabilities 1,976.63M 1,952.75M 1,890.73M -1.82M 0.00M -13.69M 0.00M -0.53M 0.00M 0.00M 0.00M
Long-Term Debt 125.45M 132.52M 132.49M 136.61M 126.32M 184.16M 100.14M 115.73M 124.50M 82.37M 60.39M
Capital Lease Obligations 11.07M 0.00M 9.03M 10.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 7.27M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 16.59M 16.25M 18.14M 1,816.12M 1,541.15M 0.00M -100.14M 435.41M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 153.11M 148.77M 159.66M 1,963.63M 1,674.74M 184.16M 0.00M 551.13M 124.50M 82.37M 60.39M
Total Liabilities 2,129.75M 2,101.53M 2,050.39M 1,961.81M 1,674.74M 170.47M 0.00M 550.60M 124.50M 82.37M 60.39M
Preferred Stock 5.04M 5.04M 5.04M 2.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.07M 0.07M 0.07M 0.07M 0.07M 0.06M 0.04M 0.04M 54.23M 41.78M 32.06M
Retained Earnings 73.12M 70.38M 67.92M 58.69M 46.48M 24.97M 14.12M 9.15M 0.00M 0.00M 0.00M
Accumulated OCI -0.78M -1.23M -1.33M -1.32M -0.62M 0.26M 0.16M 0.02M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 77.45M 74.26M 71.70M 60.41M 45.93M 25.28M 14.32M 9.21M 54.23M 41.78M 32.06M
Total Equity 77.45M 74.26M 71.70M 60.41M 45.93M 25.28M 14.32M 9.21M 54.23M 41.78M 32.06M
Total Liabilities & Equity 2,207.20M 2,175.79M 2,122.09M 2,022.21M 1,720.67M 195.75M 14.32M 559.81M 178.73M 124.15M 92.45M
Tangible Assets 2,302.37M 2,292.59M 2,283.30M 2,132.66M 1,829.44M 1,461.30M 816.53M 839.67M 649.96M 501.36M 362.28M
Tangible Equity 51.64M 54.87M 46.27M 36.43M 22.01M 1.95M 12.24M 7.73M 54.23M 41.78M 32.06M
Tangible Book Value 51.64M 54.87M 46.27M 36.43M 22.01M 1.95M 12.24M 7.73M 54.23M 41.78M 32.06M
Total Investments 2,078.74M 0.00M 2,085.44M 25.89M 25.46M 24.11M 22.80M 65.73M 0.00M 0.00M 0.00M
Net Debt -42.12M -32.01M -30.36M -55.50M -23.63M 32.90M 19.93M 27.90M 67.40M 47.42M 32.48M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30
Working Capital -1,757.3M -1,826.1M -1,745.6M -753.0M 161.3M 167.1M 92.6M -130.2M 57.1M 35.0M 27.9M
Total Capital 338.4M 331.4M 338.2M 401.3M 298.9M 306.7M 178.2M 187.7M 178.7M 124.1M 92.4M
Capital Employed 354.9M 359.2M 356.3M 993.6M 1,839.1M 1,483.4M 851.2M 623.1M 650.0M 501.4M 362.3M
Invested Capital 170.8M 166.9M 175.3M 209.2M 149.0M 155.4M 98.0M 99.8M 121.6M 89.2M 64.5M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30
Net Income 11.36M 12.07M 12.35M 15.16M 23.56M 10.85M 4.97M 8.09M 4.60M 2.15M 1.97M
Depreciation & Amortization 4.04M 3.42M 3.81M 3.49M 1.74M 1.48M 1.35M 0.70M 0.00M 0.00M 0.00M
Deferred Income Tax 0.59M 0.28M 0.00M 1.20M 1.32M 0.37M 0.20M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 1.60M 1.56M 1.59M 1.87M 1.68M 0.90M 0.77M 0.42M 0.00M 0.00M 0.00M
Change in Working Capital -2.89M -0.02M -6.60M -4.73M 0.57M 3.43M -6.89M 2.19M 0.00M 0.00M 0.00M
Accounts Receivable 0.88M -1.28M 0.07M -2.09M 0.82M 1.92M -3.50M -0.43M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -0.39M -0.40M -0.19M 0.91M -0.38M -0.13M -0.16M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -3.37M 1.66M -6.47M -3.55M 0.12M 1.64M -3.23M 2.62M 0.00M 0.00M 0.00M
Other Non-Cash Items -8.56M -8.62M -5.24M -0.59M -3.82M -3.83M 0.17M -3.43M -4.60M -2.15M -1.97M
Net Cash from Operating Activities 6.14M 8.68M 5.90M 16.40M 25.05M 13.19M 0.57M 7.96M 0.00M 0.00M 0.00M
Capital Expenditures (PPE) 0.15M -0.36M -1.29M -3.41M -1.12M -2.08M -1.09M -1.52M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M -88.51M 0.00M 0.00M 0.00M 26.16M -3.88M 14.53M 0.00M 0.00M 0.00M
Purchases of Investments -182.03M -608.58M -622.63M 0.00M -8.00M -4.70M -5.00M -1.89M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 182.05M 522.04M 601.25M 0.35M 6.63M 5.68M 1.32M 2.05M 0.00M 0.00M 0.00M
Other Investing Activities 32.74M -50.21M -23.14M -253.31M -371.66M 64.79M 1.36M -56.74M 0.00M 0.00M 0.00M
Net Cash from Investing Activities 32.91M -225.63M -45.82M -256.36M -374.15M 89.85M -7.29M -45.82M 0.00M 0.00M 0.00M
Net Debt Issuance -25.08M -74.04M -21.15M 78.16M -57.71M -174.55M -15.59M -8.77M 0.00M 0.00M 0.00M
Long-Term Debt Issuance -7.08M -43.04M -21.15M 84.16M -112.71M -174.55M -15.59M -8.77M 0.00M 0.00M 0.00M
Short-Term Debt Issuance -18.00M -31.00M 0.00M -6.00M 55.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -1.16M 0.13M -0.07M 0.11M 27.73M 0.11M 0.11M 5.11M 0.00M 0.00M 0.00M
Common Stock Issuance -0.64M 0.20M -0.07M 0.00M 27.73M 0.11M 0.11M 5.11M 0.00M 0.00M 0.00M
Common Stock Repurchased -0.56M -0.15M 0.00M -0.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -2.99M -2.95M -2.96M -2.93M -2.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -2.99M -2.95M -2.96M -2.93M -2.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 16.09M 222.55M 49.87M 207.41M 364.52M 157.73M 14.58M 77.36M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -12.71M 165.56M 25.57M 282.64M 332.50M -16.71M -0.90M 68.59M 0.00M 0.00M 0.00M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 57.10M 0.00M 0.00M 0.00M
Net Change in Cash 26.34M -51.39M -14.35M 42.68M -16.60M 86.34M -7.62M 87.83M 0.00M 0.00M 0.00M
Cash at Beginning of Period 628.86M 647.43M 177.21M 149.95M 166.54M 80.21M 87.83M 0.00M 0.00M 0.00M 0.00M
Cash at End of Period 655.20M 596.03M 162.86M 192.62M 149.95M 166.54M 80.21M 87.83M 0.00M 0.00M 0.00M
Operating Cash Flow 6.14M 8.68M 5.90M 16.40M 25.05M 13.19M 0.57M 7.96M 0.00M 0.00M 0.00M
Capital Expenditure 0.15M -0.36M -1.29M -3.41M -1.12M -2.08M -1.09M -1.52M 0.00M 0.00M 0.00M
Free Cash Flow 6.29M 8.32M 4.61M 12.99M 23.93M 11.11M -0.53M 6.44M 0.00M 0.00M 0.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30
EBITDA 42.95M 39.95M 40.34M 41.49M 47.39M 30.65M 16.20M 26.17M 1.14M 1.09M 0.88M
(-) Tax Adjustment 10.46M 9.90M 9.93M 10.32M 10.78M 6.98M 3.23M 5.68M 0.34M 0.38M 0.31M
(-) Change In Working Capital -2.89M -0.02M -6.60M -4.73M 0.57M 3.43M -6.89M 2.19M 0.00M 0.00M 0.00M
(-) Capital Expenditure 0.15M -0.36M -1.29M -3.41M -1.12M -2.08M -1.09M -1.52M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 33.96M 26.22M 35.72M 32.49M 34.92M 18.17M 18.76M 16.77M 0.80M 0.71M 0.57M
(-) Net Interest Income After Taxes 44.22M 39.07M 40.02M 40.93M 47.32M 32.21M 21.71M -2.22M 0.00M 0.00M 0.00M
Net Debt Issuance -25.08M -74.04M -21.15M 78.16M -57.71M -174.55M -15.59M -8.77M 0.00M 0.00M 0.00M
Levered Free Cash Flow -35.34M -86.90M -25.45M 69.72M -70.11M -188.59M -18.54M 10.22M 0.80M 0.71M 0.57M