Hanover Bancorp reports Q2 net income of $4.1M, up 71% YoY, with record NII and margin at 3.10%

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income of $4.1M ($0.55/share) more than doubled from $1.9M ($0.25/share) in Q1 2026 and rose 71% from $2.4M ($0.33/share) in Q2 2025, driven by higher net interest income and lower credit loss provisions.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest income reached a record $16.8M, up 13.36% YoY, as net interest margin expanded to 3.10% from 2.76% a year earlier, driven by a 48 basis point decrease in cost of interest-bearing liabilities to 3.46%.

  Exhibit 99.1 view on EDGAR →
• medium

  Board declared a $0.10 per share quarterly cash dividend on common and Series A preferred shares, payable August 13, 2026 to shareholders of record August 6, 2026.

  Exhibit 99.1 view on EDGAR →