Hanover Bancorp FY26 Q2 net income rises 66.35% to $4.06 million; revenue climbs 6.6% to $19.57 million

Reuters2026/08/07 20:03

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Hanover Bancorp posted Q2 net income of $4.06 million, up 66.36%, with diluted EPS of $0.55, up 66.67%.
Revenue rose 6.6% to $19.57 million, while net interest margin widened 34 basis points to 3.10%.
Provision for credit losses fell 78.78% to $500,000, while non-interest expense increased 8.18% to $13.65 million.
Non-accrual loans climbed to $28.34 million, or 1.42% of total loans, from $21.6 million, or 1.08%, at Dec. 31, 2025.
The bank issued USD 35 million of 10-year fixed-to-floating rate subordinated notes, redeeming USD 25 million of 8.54% floating rate notes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hanover Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-092675), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hanover Bancorp FY26 Q2 net income rises 66.35% to $4.06 million; revenue climbs 6.6% to $19.57 million

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