Hanover Bancorp, Inc. /MD — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Hanover Bancorp reported Q3 2026 net income of $4.3M ($0.60/diluted share) vs. $3.5M ($0.47) in Q3 2025. Total assets grew to $2.44B (+4.5% QoQ, +2.5% YTD); loans reached $2.08B (+4.3% QoQ, +4.2% YTD) driven by niche-residential, CRE, and C&I lending. Net interest income hit $17.0M (record level), up 11.8% YoY, with NIM improving to 3.02% from 2.74% YoY. Cost of interest-bearing liabilities fell 39 bps YoY to 3.50%. Board declared $0.10/share quarterly dividend payable Nov 18, 2026. Loan production surged 69.7% to $178.7M. Company repurchased 192,718 shares (~$4.8M) YTD.
Why this rating
Strong organic growth, margin expansion, and profitability gains; modest absolute size (~$3.7M income gain YoY) relative to ~$131M market cap; meaningful but not transformational for this $2.4B-asset regional bank.
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