Hanover Bancorp (HNVR) Income Statement: Revenue & Earnings

Hanover Bancorp Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Hanover Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 2025	Dec 2024	Sep 2023	Sep 2022	Sep 2021
Revenue & Gross Profit
Revenue	143.32	63.49	63.34	70.13	44.06
Cost of Revenue	80.38	84.87	0.00	0.00	0.00
Gross Profit	62.94	63.49	0.00	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	35.63	27.02	21.91	20.03	17.61
Operating Expenses	52.98	47.11	0.00	0.00	0.00
Operating Income	9.95	16.38	0.00	0.00	0.00
Other Income/Expense
Interest Income	130.48	133.02	105.04	68.43	48.68
Interest Expense	70.00	79.93	50.55	7.18	-6.97
Other Income/Expense	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	9.95	16.38	20.19	30.50	14.05
Income Tax Expense	2.47	4.03	5.02	6.94	3.20
Net Income	7.49	12.35	15.16	23.56	10.85
Net Income - Continuous Operations	7.49	12.35	15.16	23.56	10.85
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	9.95	20.25	0.00	0.00	0.00
EBIT	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	0.00	3.87	1.60	1.74	-1.40
Earnings Per Share
Basic EPS	1.00	2.00	2.00	4.00	2.00
Diluted EPS	1.00	2.00	2.00	4.00	2.00
Basic Shares Outstanding	7.47	7.16	7.32	6.30	4.67
Diluted Shares Outstanding	7.48	7.19	7.12	6.40	4.76