Hanover Bancorp, Inc.
Hanover Bancorp, Inc. (NASDAQ: HNVR) operates as a community-oriented bank holding company providing personalized financial services throughout the New York metropolitan area and New Jersey. The company's principal subsidiary, Hanover Community Bank, is a New York-chartered commercial bank that serves customers across… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Hanover Bancorp, Inc. does
In the company’s own words
Hanover Bancorp, Inc. (NASDAQ: HNVR) operates as a community-oriented bank holding company providing personalized financial services throughout the New York metropolitan area and New Jersey. The company's principal subsidiary, Hanover Community Bank, is a New York-chartered commercial bank that serves customers across Nassau, Suffolk, Queens, Kings, and New York counties in New York, as well as Monmouth County in New Jersey through a network of full-service branches and business banking centers.
The bank maintains total assets of $2.38 billion, total loans of $2.00 billion, and total deposits of $2.03 billion as of December 31, 2025. The company employs 194 full-time employees and operates with a focus on highly personalized service and efficient operations responsive to local community needs.
Hanover's lending strategy encompasses a diversified portfolio including one-to-four-family residential mortgages with particular emphasis on non-conforming loans and owner-occupied investment properties, commercial real estate loans secured by multifamily and mixed-use properties, commercial and industrial loans to small and medium-sized businesses, and Small Business Administration and USDA-guaranteed loans. The residential mortgage segment has developed a niche focus on Asian American borrowers in New York City boroughs. As of December 31, 2025, commercial and industrial loans comprised $145.6 million or 7.3 percent of total loans held for investment.
The company funds its operations primarily through customer deposits, including a significant municipal banking business that generated $700.7 million in municipal deposits at a weighted average rate of 3.01 percent as of year-end 2025. The bank offers comprehensive deposit products including checking accounts, money market accounts, savings accounts, and certificates of deposit.
Hanover's history includes a 2012 recapitalization following earlier financial challenges, followed by strategic expansion through acquisitions including Chinatown Federal Savings Bank in 2019 and Savoy Bank in 2021. The company completed its initial public offering in May 2022 and was added to the Russell 2000 Index in June 2025. The company reincorporated from New York to Maryland in June 2025 and changed its fiscal year end from September 30 to December 31 in October 2023.
Company details
- Sector
- Financials
- Industry
- Banks & Brokers
- Headquarters
- MINEOLA, NY
- Fiscal year end
- December
- CIK
- 1828588
- SIC
- 6022
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Hanover Bancorp, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Hanover Bancorp, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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