Filing Flows › Hanover Bancorp (HNVR) › Q3 2026
Hanover Bancorp (HNVR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Hanover Bancorp (HNVR) reported revenue of $19.3M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before. Operating margin was 30.0%, net earnings $4.3M (22.6% of revenue).
Hanover Bancorp, Q3 2026: revenue $19.3M (+7% year over year), operating margin 30.0%, net earnings $4.3M, operating cash flow $15.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.3M | -1% | +7% |
| Operating profit | $5.8M | +7% | +24% |
| Net earnings | $4.3M | +7% | +25% |
| Operating cash flow | $15.0M | -19% | +445% |
| Free cash flow | $14.7M | -18% | +504% |
What changed
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.
Questions
What was Hanover Bancorp's revenue in the third quarter 2026?
Hanover Bancorp (HNVR) reported revenue of $19.3M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before.
Was Hanover Bancorp profitable in the third quarter 2026?
Operating profit was $5.8M (30.0% of revenue) and net earnings $4.3M.
Source: Hanover Bancorp 10-Q on SEC EDGAR.