Financial Snapshot

Revenue
$99.97M
TTM
Gross Margin
Net Earnings
$12.21M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$192.3M
Q3 2024
Cash
Q3 2024
P/E
14.74
Nov 29, 2024 EST
Free Cash Flow
$4.186M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Revenue $105.0M $68.43M $48.68M $40.13M
YoY Change 53.51% 40.58% 21.28%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Revenue $105.0M $68.43M $48.68M $40.13M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.884M $1.744M $1.095M $1.008M $883.0K $776.0K $673.0K $590.0K
YoY Change 8.03% 8.63% 14.16% 13.79% 15.3% 14.07% 25.53%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Interest Expense $50.55M $7.175M $6.967M $13.01M
YoY Change 604.54% 2.99% -46.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Pretax Income $20.19M $30.50M $14.05M $6.214M $6.078M $5.728M $5.178M $4.718M $4.516M $4.504M
YoY Change -33.8% 117.02% 126.13% 6.11% 10.62% 9.75% 4.47% 0.27% 15.78%
Income Tax $5.023M $6.939M $3.201M $1.240M $1.332M $1.477M $1.371M $1.138M $960.0K $1.020M
% Of Pretax Income 24.88% 22.75% 22.78% 19.95% 21.92% 25.79% 26.48% 24.12% 21.26% 22.65%
Net Earnings $15.16M $23.56M $10.85M $4.974M $4.746M $4.251M $3.807M $3.580M $3.556M $3.484M
YoY Change -35.63% 117.09% 118.15% 11.64% 11.66% 6.34% 0.67% 2.07% 3.38%
Net Earnings / Revenue 14.44% 34.42% 22.29% 12.39%
Basic Earnings Per Share $2.07 $3.74 $2.32 $1.20
Diluted Earnings Per Share $2.05 $3.683M $2.28 $1.18 $1.210M $1.076M $968.3K $882.3K $858.8K $842.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $26.25M $14.46M $6.984M $7.236M $7.016M $7.075M $5.806M $5.232M
YoY Change 81.51% -3.48% 3.14% -0.83% 21.86% 10.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.043M $5.952M
YoY Change -15.27%
Total Long-Term Assets
YoY Change
Total Assets $2.150B $1.840B $503.9M $470.1M $406.4M $356.1M $337.2M $308.4M
YoY Change
Accounts Payable $1.821M $915.0K
YoY Change 99.02%
Accrued Expenses $10.90M $2.386M $2.453M $2.334M $2.116M $1.873M $1.226M
YoY Change -2.73% 5.1% 10.3% 12.97% 52.77%
Deferred Revenue
YoY Change
Short-Term Debt $21.27M $15.65M $12.43M
YoY Change 35.88% 25.88%
Long-Term Debt Due $24.62M $24.57M
YoY Change 0.22%
Total Short-Term Liabilities $37.34M $24.57M $2.852M $2.886M $2.716M $2.473M $2.215M $1.537M
YoY Change 51.99% -1.18% 6.26% 9.83% 11.65% 44.11%
Long-Term Debt $0.00 $0.00 $49.06M $49.14M $25.45M $0.00 $0.00 $0.00
YoY Change -0.16% 93.05%
Other Long-Term Liabilities $11.37M $13.05M $1.494M $1.468M $1.490M $811.0K $958.0K $1.064M
YoY Change -12.88% 1.77% -1.48% 83.72% -15.34% -9.96%
Total Long-Term Liabilities $11.37M $13.05M $50.55M $50.60M $26.94M $811.0K $958.0K $1.064M
YoY Change -12.88% -0.11% 87.83% 3222.07% -15.34% -9.96%
Total Liabilities $1.964B $1.667B $471.2M $433.1M $372.0M $324.6M $304.4M $280.8M
YoY Change 17.76% 8.78% 16.42% 14.62% 6.65% 8.39%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 1999 1998 1997 1996 1995 1994
Basic Shares Outstanding 7.041M 6.065M 4.669M 4.162M
Diluted Shares Outstanding 7.121M 6.158M 4.759M 4.227M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $179.89 Million

About Hanover Bancorp, Inc. /NY

Hanover Bancorp, Inc. is a bank holding company, which engages in the provision of financial services and commercial banking products and services. The company is headquartered in Mineola, New York. The company went IPO on 2022-05-11. The Bank is a community commercial bank, which offers a full range of financial services. The Bank provides a complete suite of consumer, commercial and municipal banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. The company also offers its customers access to 24-hour automated teller machine service with free checking with interest, telephone banking, advanced technologies in mobile and internet banking for its consumer and business customers, safe deposit boxes and other. The Bank operates eight branch locations serving Long Island, the greater New York metropolitan area and Freehold, New Jersey. The company operates a full-service branch office along with additional branch locations in Garden City Park, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.

Industry: State Commercial Banks Peers: FRANKLIN FINANCIAL SERVICES CORP /PA/ LIMESTONE BANCORP, INC. LYONS BANCORP INC PEOPLES BANCORP OF NORTH CAROLINA INC OLD POINT FINANCIAL CORP OHIO VALLEY BANC CORP PNC FINANCIAL SERVICES GROUP, INC. RIVERVIEW BANCORP INC SALISBURY BANCORP, INC.