Hanover Bancorp (HNVR) Revenue & Revenue Breakdown


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Hanover Bancorp Revenue Highlights


Latest Revenue (Y)

$143.32M

Latest Revenue (Q)

$35.61M

Main Segment (Y)

Service Charges On Deposit Accounts

Hanover Bancorp Revenue by Period


Hanover Bancorp Revenue by Year

DateRevenueChange
2025-12-31$143.32M-3.40%
2024-12-31$148.36M30.27%
2023-09-30$113.89M47.33%
2022-09-30$77.30M48.59%
2021-09-30$52.02M25.37%
2020-09-30$41.50M5.68%
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 $143.32M in revenue during NA 2025, up -3.40% compared to the previous quarter, and up 345.38% compared to the same period a year ago.

Hanover Bancorp Revenue by Quarter

DateRevenueChange
2025-06-30$35.61M-2.62%
2025-03-31$36.57M-1.81%
2024-12-31$37.24M-2.16%
2024-09-30$38.07M2.77%
2024-06-30$37.04M2.87%
2024-03-31$36.01M4.65%
2023-12-31$34.41M5.36%
2023-09-30$32.66M7.31%
2023-06-30$30.43M13.49%
2023-03-31$26.82M11.81%
2022-12-31$23.98M10.99%
2022-09-30$21.61M19.47%
2022-06-30$18.09M-2.83%
2022-03-31$18.61M-1.99%
2021-12-31$18.99M-2.52%
2021-09-30$19.48M53.54%
2021-06-30$12.69M25.97%
2021-03-31$10.07M2.95%
2020-12-31$9.78M32.18%
2020-09-30$7.40M14.73%
2020-06-30$6.45M8.33%
2020-03-31$5.96M-46.49%
2019-12-31$11.13M53.49%
2019-09-30$7.25M17.94%
2019-06-30$6.15M-5.17%
2019-03-31$6.48M57.67%
2018-12-31$4.11M40.26%
2018-09-30$2.93M24.09%
2018-06-30$2.36M1.90%
2018-03-31$2.32M-37.11%
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/ServiceDec 25Sep 23Sep 22Sep 21
Other Revenue$263.00K$1.77M--
Service Charges On Deposit Accounts$750.00K$275.00K--
Deposit Account--$232.00K$127.00K
Banking, Loan Fees and Service Charges--$2.88M$703.00K
Banking, Loan Servicing Income---$504.00K

Hanover Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 25: Service Charges On Deposit Accounts (74.04%), and Other Revenue (25.96%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Sep 24Jun 24Mar 24
Service Charges On Deposit Accounts$234.00K$237.00K$162.00K$117.00K$123.00K$114.00K$96.00K
Other Revenue$23.00K$40.00K$18.00K$182.00K$37.00K$82.00K$61.00K

Hanover Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Service Charges On Deposit Accounts (91.05%), and Other Revenue (8.95%).

Hanover Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HNVRHanover Bancorp$143.32M$35.61M
CFBKCF Bankshares$125.90M$32.09M
PEBKPeoples Bancorp of North Carolina$114.60M$28.53M
FNWDFinward Bancorp$101.06M$18.43M
LARKLandmark Bancorp$95.97M$20.74M
OVBCOhio Valley Banc$94.21M$21.55K
CZWICitizens Community Bancorp$90.07M$19.66M
ECBKECB Bancorp$79.51M$19.79M
UBFOUnited Security Bancshares$65.90M$15.63M
FCAPFirst Capital$65.31M$10.81M
BVFLBV Financial$52.44M$13.22M

HNVR Revenue FAQ


What is Hanover Bancorp’s yearly revenue?

Hanover Bancorp's yearly revenue for 2025 was $143.32M, representing a decrease of -3.40% compared to 2024. The company's yearly revenue for 2024 was $148.36M, representing an increase of 30.27% compared to 2023. HNVR's yearly revenue for 2023 was $113.89M, representing an increase of 47.33% compared to 2022.

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 -1.81% decrease from the previous quarter (Q4 2024), and a 1.56% increase year-over-year (Q1 2024). HNVR's quarterly revenue for Q4 2024 was $37.24M, a -2.16% decrease from the previous quarter (Q3 2024), and a 8.24% increase year-over-year (Q4 2023).

What is Hanover Bancorp’s revenue growth rate?

Hanover Bancorp's revenue growth rate for the last 3 years (2023-2025) was 25.84%, and for the last 5 years (2021-2025) was 175.49%.

What are Hanover Bancorp’s revenue streams?

Hanover Bancorp's revenue streams in c 25 are Other Revenue, and Service Charges On Deposit Accounts. Other Revenue generated $263K in revenue, accounting 25.96% of the company's total revenue, down -85.15% year-over-year. Service Charges On Deposit Accounts generated $750K in revenue, accounting 74.04% of the company's total revenue, up 172.73% year-over-year.

What is Hanover Bancorp’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Hanover Bancorp was Service Charges On Deposit Accounts. This segment made a revenue of $750K, representing 74.04% of the company's total revenue.