Hanover Bancorp (HNVR) Revenue & Revenue Breakdown


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Hanover Bancorp Revenue Highlights


0

Latest Revenue (Q)

$35.61M

Main Segment (Y)

Other Revenue

Hanover Bancorp Revenue by Period


Hanover Bancorp Revenue by Year

DateRevenueChange
2024-12-31--100.00%
2023-09-30$59.91M3430.23%
2022-09-30$1.70M-96.23%
2021-09-30$45.06M58.17%
2020-09-30$28.49M-27.46%
2019-09-30$39.27M103.05%
2018-09-30$19.34M48.20%
2017-09-30$13.05M37.30%
2016-09-30$9.50M-

Hanover Bancorp generated - in revenue during NA 2024, up -100.00% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Hanover Bancorp Revenue by Quarter

DateRevenueChange
2025-06-30$35.61M-2.62%
2025-03-31$36.57M100.00%
2024-12-31--100.00%
2024-09-30$17.06M-53.95%
2024-06-30$37.04M2.87%
2024-03-31$36.01M4.65%
2023-12-31$34.41M121.91%
2023-09-30$15.51M0.17%
2023-06-30$15.48M-1.28%
2023-03-31$15.68M-5.97%
2022-12-31$16.68M883.20%
2022-09-30$1.70M-89.81%
2022-06-30$16.65M-4.41%
2022-03-31$17.42M-1.29%
2021-12-31$17.64M-1.17%
2021-09-30$17.85M60.86%
2021-06-30$11.10M30.66%
2021-03-31$8.49M11.57%
2020-12-31$7.61M1.49%
2020-09-30$7.50M13.63%
2020-06-30$6.60M-5.09%
2020-03-31$6.96M-6.38%
2019-12-31$7.43M2.47%
2019-09-30$7.25M17.94%
2019-06-30$6.15M-5.17%
2019-03-31$6.48M-2.53%
2018-12-31$6.65M21.57%
2018-09-30$5.47M11.61%
2018-06-30$4.90M0.91%
2018-03-31$4.86M31.77%
2017-09-30$3.69M8.35%
2017-06-30$3.40M12.28%
2017-03-31$3.03M-

Hanover Bancorp generated $35.61M in revenue during Q2 2025, up -2.62% compared to the previous quarter, and up 98.89% compared to the same period a year ago.

Hanover Bancorp Revenue Breakdown


Hanover Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceSep 23Sep 22Sep 21
Service Charges On Deposit Accounts$275.00K--
Other Revenue$1.77M--
Banking, Loan Fees and Service Charges-$2.88M$703.00K
Deposit Account-$232.00K$127.00K
Banking, Loan Servicing Income--$504.00K

Hanover Bancorp's latest annual revenue breakdown by segment (product or service), as of Sep 23: Other Revenue (86.56%), and Service Charges On Deposit Accounts (13.44%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Sep 24Jun 24Mar 24
Other Revenue$18.00K$182.00K$37.00K$82.00K$61.00K
Service Charges On Deposit Accounts$162.00K$117.00K$123.00K$114.00K$96.00K

Hanover Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Service Charges On Deposit Accounts (90.00%), and Other Revenue (10.00%).

Hanover Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
TCBXThird Coast Bancshares$328.36M$85.56M
MCBSMetroCity Bankshares$212.91M$59.78M
FINWFinWise Bancorp$69.82M$19.74M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$10.47M
MGYRMagyar Bancorp$30.42M$14.62M
HNVRHanover Bancorp-$35.61M

HNVR Revenue FAQ


What is Hanover Bancorp’s yearly revenue?

Hanover Bancorp's yearly revenue for 2024 was $0, representing a decrease of -100.00% compared to 2023. The company's yearly revenue for 2023 was $59.91M, representing an increase of 3430.23% compared to 2022. HNVR's yearly revenue for 2022 was $1.7M, representing a decrease of -96.23% compared to 2021.

What is Hanover Bancorp’s quarterly revenue?

Hanover Bancorp's quarterly revenue for Q2 2025 was $35.61M, a -2.62% decrease from the previous quarter (Q1 2025), and a -3.87% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $36.57M, a 100.00% increase from the previous quarter (Q4 2024), and a 1.56% increase year-over-year (Q1 2024). HNVR's quarterly revenue for Q4 2024 was $0, a -100.00% decrease from the previous quarter (Q3 2024), and a -100.00% decrease year-over-year (Q4 2023).

What is Hanover Bancorp’s revenue growth rate?

Hanover Bancorp's revenue growth rate for the last 3 years (2022-2024) was -100.00%, and for the last 5 years (2020-2024) was -100.00%.

What are Hanover Bancorp’s revenue streams?

Hanover Bancorp's revenue streams in p 23 are Service Charges On Deposit Accounts, and Other Revenue. Service Charges On Deposit Accounts generated $275K in revenue, accounting 13.44% of the company's total revenue Other Revenue generated $1.77M in revenue, accounting 86.56% of the company's total revenue

What is Hanover Bancorp’s main source of revenue?

For the fiscal year ending Sep 23, the largest source of revenue of Hanover Bancorp was Other Revenue. This segment made a revenue of $1.77M, representing 86.56% of the company's total revenue.