The adjusted EPS beat is small and revenue missed, suggesting muted market reaction. Watch for NPL trends and potential guidance on loan growth in upcoming quarters.
Price Chart
Executive Summary
Hanover Bancorp reported Q1 2026 adjusted EPS of $0.54, slightly above the $0.53 consensus, while revenue of $19.1M missed the $19.5M estimate. Net interest margin expanded to 2.96% from 2.68% YoY, but GAAP earnings were depressed by a $2.3M severance charge. The results are mixed with positive margin trends offset by revenue miss and elevated non-performing loans.
Key Financial Metrics
Key Facts
- Adjusted EPS $0.54 vs consensus $0.53 (beat by 1.9%)
- Revenue $19.1M vs consensus $19.5M (miss by 2.0%)
- Net interest margin 2.96% vs 2.68% YoY
- Net interest income $16.4M, up 11.85% YoY
- GAAP net income $1.9M or $0.25 EPS, including $2.3M severance
- Non-performing loans 1.23% of total loans vs 1.08% prior quarter
Financial Impact
Adjusted EPS $0.54 vs $0.53 consensus; revenue $19.1M vs $19.5M consensus
Risk Factors
- Rising non-performing loans (1.23% vs 1.08% prior quarter)
- High severance costs impacting GAAP earnings
- SBA loan origination volume declining
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3281992 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $26.75 $25.47 | ▼ −4.79% | ▼ −3.60% | $23.66 (−11.55%) |
Sep 10, 2026 6w ago | 8-K | $27.52 $26.66 | ▼ −3.13% | ▼ −2.63% | $23.66 (−14.03%) |
Aug 26, 2026 8w ago | 8-K | $27.05 $26.82 | ▼ −0.85% | ▼ −1.12% | $23.66 (−12.53%) |
Aug 3, 2026 11w ago | Insider Buy | $27.12 $27.20 | ▲ +0.29% | ▲ +0.39% | $23.66 (−12.76%) |
Aug 3, 2026 11w ago | 3 | $27.12 $27.20 | ▲ +0.29% | ▲ +0.39% | $23.66 (−12.76%) |
Jul 23, 2026 13w ago | 8-K | $25.01 $26.55 | ▲ +6.14% | ▲ +5.76% | $23.66 (−5.40%) |
Jul 20, 2026 14w ago | 8-K | $24.66 $25.26 | ▲ +2.43% | ▲ +3.66% | $23.66 (−4.06%) |
Jun 22, 2026 18w ago | EFFECT | $22.90 $23.25 | ▲ +1.53% | ▲ +3.60% | $23.66 (+3.32%) |
Jun 4, 2026 20w ago | 8-K | $23.60 $23.94 | ▲ +1.44% | ▲ +3.99% | $23.66 (+0.25%) |
Jun 1, 2026 21w ago | 8-K | $23.11 $24.13 | ▲ +4.41% | ▲ +7.38% | $23.66 (+2.38%) |
US Market Status
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