Hanover Bancorp Inc. (HNVR) Financial Statements (2024 and earlier)

Company Profile

Business Address 80 EAST JERICHO TURNPIKE
MINEOLA, NY 11501
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
9/30/2022
9/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments149,947166,544
Cash and cash equivalents149,947166,544
Total current assets:149,947166,544
Noncurrent Assets
Operating lease, right-of-use asset  
Property, plant and equipment14,46215,003
Intangible assets, net (including goodwill)19,96620,128
Goodwill19,16819,168
Intangible assets, net (excluding goodwill)798960
Deferred income tax assets2,5083,558
Total noncurrent assets:36,93638,689
Other undisclosed assets1,653,1751,279,408
TOTAL ASSETS:1,840,0581,484,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt101,752159,642
Total current liabilities:101,752159,642
Noncurrent Liabilities
Other undisclosed liabilities1,565,7221,202,470
Total liabilities:1,667,4741,362,112
Equity
Equity, attributable to parent172,584122,529
Preferred stock  
Common stock7356
Additional paid in capital126,65697,246
Accumulated other comprehensive income (loss)(620)256
Retained earnings46,47524,971
Total equity:172,584122,529
TOTAL LIABILITIES AND EQUITY:1,840,0581,484,641

Income Statement (P&L) ($ in thousands)

9/30/2023
9/30/2022
9/30/2021
Revenues73,57247,990
Net investment income68,42947,990
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(4,450)(1,000)
Gross profit:69,12246,990
Operating expenses(4,795) 
Other operating income, net
(Noninterest Income, Other Operating Income)
 507 
Operating income:64,83446,990
Interest and debt expense(7,175)(6,967)
Income from continuing operations before equity method investments, income taxes:57,65940,023
Other undisclosed loss from continuing operations before income taxes(27,164)(25,971)
Income from continuing operations before income taxes:30,49514,052
Income tax expense(6,939)(3,201)
Income from continuing operations:23,55610,851
Income before gain (loss) on sale of properties:23,55610,851
Net income attributable to parent:23,55610,851
Undistributed earnings (loss) allocated to participating securities, basic(903) 
Net income available to common stockholders, diluted:22,65310,851

Comprehensive Income ($ in thousands)

9/30/2023
9/30/2022
9/30/2021
Net income:23,55610,851
Other comprehensive loss  
Comprehensive income:23,55610,851
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(876)100
Comprehensive income, net of tax, attributable to parent:22,68010,951

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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