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Hanover Bancorp (HNVR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Hanover Bancorp (HNVR) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $19.3M · 23¢ of every $1 of revenue kept as net profit · operating margin 30.0%
Hanover Bancorp made $19.3M in Q3 2026 (+7% Y/Y): Net interest income $17.0M, Noninterest income $2.3M. Operating margin 30.0%, net earnings $4.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $19.3M in Q3 2026, up 7% year over year and down 1% from the previous quarter. Net interest income was the largest line at 88% of revenue. Net interest income added $1.8M year over year (up 12%), 142% of the total change. Noninterest income declined 19%.
Operating profit was $5.8M, a 30.0% margin (up 4.1 points year over year). Of the extra revenue versus a year earlier, 88% reached operating profit, above the 26% margin then. Total costs grew 1% against revenue growth of 7%. Net earnings were $4.3M, up 25% year over year. The effective tax rate was 24.8%.
Operating cash flow was $15.0M (up 445% year over year), 344% of net earnings. Non-cash charges added back $497K of depreciation and amortization and $451K of share-based compensation. Working capital and other items added $9.7M. Capital expenditures of $275K left free cash flow of $14.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $19.3M | +7% | 30.0% | $4.3M | $15.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Hanover Bancorp
Hanover Bancorp, Inc., a Maryland corporation (the “Company”), is the holding company for Hanover Community Bank (the “Bank”), a New York chartered community commercial bank focusing on highly personalized and efficient services and products responsive to local needs. On June 25, 2025, the Company completed its reincorporation from New York to Maryland. The Bank operates as a locally headquartered, community-oriented bank serving customers throughout the New York metro area from offices in Nassau, Suffolk, Queens, Kings (Brooklyn) and New York (Manhattan) Counties, New York, and Freehold, Monmouth County, New Jersey. We opened the Bank’s Hauppauge Business Banking Center in Hauppauge, Suffolk County, New York in May 2023. In June 2025, we opened a full-service branch in Port Jefferson, Suffolk County, New York.
In its own words, from its 10-K, filed Mar 13, 2026.
Hanover Bancorp against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +10%. Operating margin: 30.0% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HNVR Hanover Bancorp | Q3 2026 | $19.3M | +7% | 30.0% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Hanover Bancorp 10-Q on SEC EDGAR · CIK 1828588 · State Commercial Banks
Guidance and outlook
13F: who owns HNVR and who is buying
More on HNVR
History
Every quarter: Q3 2026 results