Hanover Bancorp Q2 FY26 net income rises 66.67% to $4.1 million; net interest margin widens 34 basis points to 3.1%

Reuters2026/07/23 20:01

By:Reuters

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Hanover Bancorp posted Q2 net income of $4.1 million, up 70.83% from Q1, with EPS of $0.55.
Net interest income rose 2.5% from Q1 to a record $16.8 million as net interest margin widened 14 basis points to 3.1%.
Demand deposits climbed 7.13% from Q1 to a record $254.3 million; non-performing loans increased to $28.3 million, or 1.42% of total loans.
Board declared a $0.10 quarterly cash dividend payable Aug. 13; the company repurchased 112,346 shares at $23.54.
Kevin O'Connor will become president effective July 27; Riverhead, New York branch is slated to open in Q3.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hanover Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607231600PRIMZONEFULLFEED9767319) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hanover Bancorp Q2 FY26 net income rises 66.67% to $4.1 million; net interest margin widens 34 basis points to 3.1%

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