Hanover Bancorp, Inc.
Financial ServicesNASDAQ:HNVR · NASDAQ Global Select
+$0.00 today
Vol 0.05M · Avg 0.03M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$139.0M of revenue converted into $7.8M of net income for the selected period. Gross margin is 44.4% and net margin is 5.6%, showing how much revenue survives after costs and taxes. EPS is $1.05, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $143.3M -3.4% | $148.4M +30.3% | $113.9M +47.3% | $77.3M +48.6% | $52.0M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $80.4M -5.3% | $84.9M +57.2% | $54.0M +364.4% | $11.6M +45.9% | $8.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $62.9M -0.9% | $63.5M +6.0% | $59.9M -8.8% | $65.7M +49.1% | $44.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 43.9% +1.1pp | 42.8% -9.8pp | 52.6% -32.4pp | 85.0% +0.3pp | 84.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $35.6M +31.9% | $27.0M +23.3% | $21.9M +9.4% | $20.0M +34.6% | $14.9M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $53.0M +12.5% | $47.1M +18.6% | $39.7M +12.9% | $35.2M +17.3% | $30.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 -100.0% | $3.9M +10.8% | $3.5M +100.2% | $1.7M +18.2% | $1.5M | $374.2M | $1.2B | $631.8M |
| EBITDA | $10.0M -50.8% | $20.2M -14.5% | $23.7M -26.6% | $32.2M +107.6% | $15.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 6.9% -6.7pp | 13.6% -7.1pp | 20.8% -20.9pp | 41.7% +11.9pp | 29.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $10.0M -39.2% | $16.4M -18.9% | $20.2M -33.8% | $30.5M +117.0% | $14.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.9% -4.1pp | 11.0% -6.7pp | 17.7% -21.7pp | 39.4% +12.4pp | 27.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $130.5M -1.9% | $133.0M +26.6% | $105.0M +53.5% | $68.4M +40.6% | $48.7M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $70.0M -12.4% | $79.9M +58.1% | $50.6M +604.5% | $7.2M +3.0% | $7.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $10.0M -39.2% | $16.4M -18.9% | $20.2M -33.8% | $30.5M +117.0% | $14.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 6.9% -4.1pp | 11.0% -6.7pp | 17.7% -21.7pp | 39.4% +12.4pp | 27.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.5M -38.9% | $4.0M -19.7% | $5.0M -27.6% | $6.9M +116.8% | $3.2M | $1.3B | -$1.6B | $745.2M |
| Net Income | $7.5M -39.3% | $12.3M -18.6% | $15.2M -35.6% | $23.6M +117.1% | $10.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 5.2% -3.1pp | 8.3% -5.0pp | 13.3% -17.2pp | 30.5% +9.6pp | 20.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -40.1% | $2 -19.3% | $2 -44.7% | $4 +61.2% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -39.8% | $2 -19.0% | $2 -44.3% | $4 +61.4% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $7.5M +0.9% | $7.4M +5.2% | $7.0M +16.1% | $6.1M +29.9% | $4.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $7.5M +0.6% | $7.4M +4.4% | $7.1M +15.6% | $6.2M +29.4% | $4.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Peoples Bancorp of North Carolina, Inc.
NASDAQ:PEBK
$242.33M
Ohio Valley Banc Corp.
NASDAQ:OVBC
$236.16M
First Capital, Inc.
NASDAQ:FCAP
$214.75M
Citizens Community Bancorp, Inc.
NASDAQ:CZWI
$206.96M
CF Bankshares Inc.
NASDAQ:CFBK
$201.13M
United Security Bancshares
UBFO
$185.03M
Landmark Bancorp, Inc.
NASDAQ:LARK
$182.93M
BV Financial, Inc.
NASDAQ:BVFL
$173.18M
ECB Bancorp, Inc.
NASDAQ:ECBK
$169.13M
Finward Bancorp
NASDAQ:FNWD
$147.18M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does HNVR generate?
Hanover Bancorp, Inc. (HNVR) reported $143.32M of revenue in fiscal 2025.
Is HNVR profitable?
Hanover Bancorp, Inc. (HNVR) reported $7.49M of net income, with a net margin of 5.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.