Hanover Bancorp, Inc. /MD (HNVR) Form 8-K — Jul 23, 2026
Hanover Bancorp reported strong second quarter 2026 results with net income rising to $4.1 million, or $0.55 per diluted share, compared to $2.4 million, or $0.33 per share, in the prior year. The company achieved record net interest income of $16.8 million, driven by a 13.36% year-over-year increase and margin expansion to 3.10%. The Board of Directors declared a $0.10 per share cash dividend on both common and Series A preferred shares, payable on August 13, 2026. Additionally, the company repurchased 112,346 shares during the quarter at a weighted average price of $23.54, utilizing approximately 1.6% of its outstanding shares.
Key figures
- Eps
- 0.55
- Net Income
- 4100000
- Dividend Per Share
- 0.1
- Book Value Per Share
- 27.66
- Net Interest Income
- 16771000
- Shares Repurchased
- 112346
- Non Performing Loans
- 28340000
- Tangible Book Value Per Share
- 25.02
Price after filing
Close on the filing date to close N calendar days later (from $24.66). Historical, not a forecast.
AI analysis
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