Hanover Bancorp Q3 2026: Record $17.0M Net Interest Income, EPS $0.60, $0.10 Dividend
HNVR sits 18% above its 52-week low of $19.905.
Summary
Hanover Bancorp earned $4.3 million, or $0.60 per diluted share, in Q3 2026 on record net interest income of $17.0 million, and declared a $0.10 quarterly dividend. Loan growth was strong but credit metrics deteriorated, with non-performing loans rising to 1.40% of the portfolio.
Key Events · Earnings and Guidance · HNVR
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Q3 EPS Rises to $0.60
Net income was $4.3 million, or $0.60 per diluted share, versus $3.5 million or $0.47 in Q3 2025 and $4.1 million or $0.55 in Q2 2026.
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Record Net Interest Income
Net interest income reached $17.0 million, up $1.8 million or 11.84% year over year, though the margin narrowed to 3.02% from 3.10% in the linked quarter on higher deposit costs.
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Loan Growth Accelerates
Total loans grew $86.8 million, or 4.34%, to $2.08 billion from June 30, 2026, with quarterly loan production of $178.7 million up 69.70% from the linked quarter.
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Credit Metrics Deteriorate
Non-performing loans rose to $29.1 million, or 1.40% of total loans, from $21.6 million and 1.08% at December 31, 2025; the allowance for credit losses covers 68.42% of non-performing loans.
Analysis · HNVR · Finance
The core lending engine is working: net interest income hit a record $17.0 million and pre-provision net revenue of $6.9 million was the best since late 2022, lifting diluted EPS to $0.60 from $0.47 a year ago. Loan growth of 4.34% in a single quarter and a 64.3% efficiency ratio (down from 69.8%) show the balance sheet is being put to work more profitably. The offsets are real: the net interest margin slipped to 3.02% from 3.10% as deposit costs rose, and non-performing loans climbed to $29.1 million, or 1.40% of loans, from 1.08% at year-end, with the allowance covering only 68% of them. The $0.10 quarterly dividend continues alongside the buyback authorized in August.
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At the time of this filing, HNVR was trading at $23.42 on NASDAQ in the Finance sector, with a market capitalization of approximately $165.2M. The 52-week trading range was $19.91 to $27.94. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.