HANOVER BANCORP INC (HNVR)
Financials · Community Banking / Regional Bank · NASDAQ
A New York-focused community bank serving the NYC metro area with a niche in non-conforming residential mortgages and small business lending.
What HANOVER BANCORP INC does
Hanover Bancorp, Inc. is a Maryland-incorporated holding company for Hanover Community Bank, a New York-chartered community commercial bank operating branches across Nassau, Suffolk, Queens, Kings (Brooklyn), and New York (Manhattan) Counties, plus Monmouth County, New Jersey. The bank serves customers throughout the New York metro area with a strategic focus on highly personalized and efficient banking services, particularly targeting the South Asian and Asian American communities. As of December 31, 2025, the company had total assets of $2.38 billion, total loans of $2.00 billion, and total deposits of $2.03 billion. The bank's lending activities emphasize non-qualifying alternative documentation residential mortgages, commercial real estate loans, SBA lending, and small business lending.
Themes: ["Community banking / local relationship banking"]
Fundamentals
- Price$22.82 as of 2026-07-09 close
- Market cap$163M as of 2026-07-10
- 1-year return-1.8% as of 2026-07-09 close
- P/E20.83 as of 2026-07-10
- Net margin+23.9% as of 2026-07-10
- ROE+3.9% as of 2026-07-10
- Debt / equity0.29 as of 2026-07-10
- Revenue growth (YoY)+53.5% as of 2026-07-10
- Beta0.13 as of 2026-07-10
Dividend: yield +1.8%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Concentration risk: The bank's lending and deposit base is heavily concentrated in the New York metro area, making it vulnerable to regional economic downturns or real estate market fluctuations."]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.