HNVR
Income statement / Annual
Last year (2024), Hanover Bancorp, Inc.'s total revenue was $148.36 M,
an increase of 30.27% from the previous year.
In 2024, Hanover Bancorp, Inc.'s net income was $12.35 M.
See Hanover Bancorp, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2024 |
09/30/2023 |
09/30/2022 |
09/30/2021 |
09/30/2020 |
09/30/2019 |
09/30/2018 |
09/30/2017 |
09/30/2016 |
| Operating Revenue |
$148.36 M |
$113.89 M |
$77.30 M |
$52.02 M |
$41.50 M |
$39.27 M |
$19.34 M |
$13.05 M |
$9.50 M |
| Cost of Revenue |
$84.87 M
|
$53.98 M
|
$11.63 M
|
$7.97 M
|
$14.26 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$63.49 M
|
$59.91 M
|
$65.68 M
|
$44.06 M
|
$27.24 M
|
$39.27 M
|
$19.34 M
|
$13.05 M
|
$9.50 M
|
| Gross Profit Ratio |
0.43
|
0.53
|
0.85
|
0.85
|
0.66
|
1
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$27.02 M
|
$21.91 M
|
$20.03 M
|
$14.76 M
|
$12.09 M
|
$1.44 M
|
$1.60 M
|
$1.18 M
|
$937.00 K
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$118.00 K
|
$296.00 K
|
$487.00 K
|
$370.00 K
|
$299.00 K
|
$58.00 K
|
| Selling, General & Administrative Expenses |
$27.02 M
|
$21.91 M
|
$20.03 M
|
$14.88 M
|
$12.39 M
|
$13.80 M
|
$10.74 M
|
$8.05 M
|
$5.58 M
|
| Other Expenses |
$20.09 M
|
$17.81 M
|
$15.15 M
|
$15.13 M
|
$8.63 M
|
-$3.27 M
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$47.11 M
|
$39.72 M
|
$35.18 M
|
$30.01 M
|
$21.02 M
|
$3.27 M
|
$12.81 M
|
$9.43 M
|
$6.46 M
|
| Cost And Expenses |
$131.98 M
|
$93.70 M
|
$46.81 M
|
$37.97 M
|
$35.28 M
|
$28.20 M
|
$12.81 M
|
$9.43 M
|
$6.46 M
|
| Interest Income |
$133.02 M
|
$105.04 M
|
$68.43 M
|
$48.68 M
|
$40.13 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$79.93 M
|
$50.55 M
|
$7.18 M
|
$6.97 M
|
$13.01 M
|
$2.84 M
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$3.87 M
|
$3.49 M
|
$1.74 M
|
$1.48 M
|
$1.35 M
|
$700.00 K
|
-$7.46 M
|
-$3.92 M
|
-$3.04 M
|
| EBITDA |
$20.25 M |
$23.68 M |
$32.24 M |
$15.53 M |
$7.56 M |
$11.03 M |
-$931.00 K |
-$297.00 K |
$4.81 M |
| EBITDA Ratio |
0.14
|
0.21
|
0.42
|
0.3
|
0.18
|
0.28
|
-0.05
|
-0.02
|
0.51
|
| Operating Income Ratio |
0.11
|
0.18
|
0.39
|
0.27
|
0.15
|
0.29
|
0.39
|
0.3
|
0.32
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$2.41 M
|
-$2.07 M
|
-$1.39 M
|
-$883.00 K
|
| Income Before Tax |
$16.38 M
|
$20.19 M
|
$30.50 M
|
$14.05 M
|
$6.21 M
|
$10.33 M
|
$6.53 M
|
$3.62 M
|
$3.04 M
|
| Income Before Tax Ratio |
0.11
|
0.18
|
0.39
|
0.27
|
0.15
|
0.26
|
0.34
|
0.28
|
0.32
|
| Income Tax Expense |
$4.03 M
|
$5.02 M
|
$6.94 M
|
$3.20 M
|
$1.24 M
|
$2.24 M
|
$1.93 M
|
$1.47 M
|
$1.08 M
|
| Net Income |
$12.35 M
|
$15.16 M
|
$23.56 M
|
$10.85 M
|
$4.97 M
|
$8.09 M
|
$4.60 M
|
$2.15 M
|
$1.97 M
|
| Net Income Ratio |
0.08
|
0.13
|
0.3
|
0.21
|
0.12
|
0.21
|
0.24
|
0.16
|
0.21
|
| EPS |
1.67 |
2.07 |
3.74 |
2.32 |
1.19 |
1.93 |
1.36 |
0.78 |
0.75 |
| EPS Diluted |
1.66 |
2.05 |
3.68 |
2.28 |
1.19 |
1.93 |
1.36 |
0.78 |
0.75 |
| Weighted Average Shares Out |
$7.40 M
|
$7.04 M
|
$6.07 M
|
$4.67 M
|
$4.19 M
|
$4.19 M
|
$3.38 M
|
$2.76 M
|
$2.62 M
|
| Weighted Average Shares Out Diluted |
$7.43 M
|
$7.12 M
|
$6.16 M
|
$4.76 M
|
$4.19 M
|
$4.19 M
|
$3.38 M
|
$2.76 M
|
$2.62 M
|
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