Hanover Bancorp FY26 Q2 net income rises 66.35% to $4.06 million; revenue climbs 6.6% to $19.57 million

• Hanover Bancorp posted Q2 net income of $4.06 million, up 66.36%, with diluted EPS of $0.55, up 66.67%.
• Revenue rose 6.6% to $19.57 million, while net interest margin widened 34 basis points to 3.10%.
• Provision for credit losses fell 78.78% to $500,000, while non-interest expense increased 8.18% to $13.65 million.
• Non-accrual loans climbed to $28.34 million, or 1.42% of total loans, from $21.6 million, or 1.08%, at Dec. 31, 2025.
• The bank issued USD 35 million of 10-year fixed-to-floating rate subordinated notes, redeeming USD 25 million of 8.54% floating rate notes.

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