Hanover Bancorp (HNVR) Revenue & Revenue Breakdown


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Hanover Bancorp Revenue Highlights


Latest Revenue (Y)

$63.34M

Latest Revenue (Q)

$38.07M

Main Segment (Y)

Banking, Loan Fees and Service Charges

Hanover Bancorp Revenue by Period


Hanover Bancorp Revenue by Year

DateRevenueChange
2023-09-30$63.34M3632.47%
2022-09-30$1.70M-96.23%
2021-09-30$45.06M58.17%
2020-09-30$28.49M-

Hanover Bancorp generated $63.34M in revenue during NA 2023, up 3632.47% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Hanover Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$38.07M2.77%
2024-06-30$37.04M2.87%
2024-03-31$36.01M4.65%
2023-12-31$34.41M121.91%
2023-09-30$15.51M0.17%
2023-06-30$15.48M-1.28%
2023-03-31$15.68M-5.97%
2022-12-31$16.68M883.20%
2022-09-30$1.70M-89.81%
2022-06-30$16.65M-4.41%
2022-03-31$17.42M-1.29%
2021-12-31$17.64M-1.17%
2021-09-30$17.85M60.86%
2021-06-30$11.10M30.66%
2021-03-31$8.49M11.57%
2020-12-31$7.61M1.49%
2020-09-30$7.50M13.63%
2020-06-30$6.60M-5.09%
2020-03-31$6.96M-6.38%
2019-12-31$7.43M2.47%
2019-09-30$7.25M17.94%
2019-06-30$6.15M-5.17%
2019-03-31$6.48M-2.53%
2018-12-31$6.65M21.57%
2018-09-30$5.47M11.61%
2018-06-30$4.90M0.91%
2018-03-31$4.86M18.15%
2017-12-31$4.11M11.53%
2017-09-30$3.69M8.35%
2017-06-30$3.40M12.28%
2017-03-31$3.03M-

Hanover Bancorp generated $38.07M in revenue during Q4 2024, up 2.77% compared to the previous quarter, and up 245.93% compared to the same period a year ago.

Hanover Bancorp Revenue Breakdown


Hanover Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceSep 22Sep 21
Banking, Loan Fees and Service Charges$2.88M$703.00K
Deposit Account$232.00K$127.00K
Banking, Loan Servicing Income-$504.00K

Hanover Bancorp's latest annual revenue breakdown by segment (product or service), as of Sep 22: Banking, Loan Fees and Service Charges (92.56%), and Deposit Account (7.44%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24
Service Charges On Deposit Accounts$123.00K$114.00K$96.00K
Other Revenue$37.00K$82.00K$61.00K

Hanover Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service Charges On Deposit Accounts (76.88%), and Other Revenue (23.13%).

Hanover Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HNVRHanover Bancorp$63.34M$38.07M
CWBCCommunity West Bancshares$61.39M$27.26M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M

HNVR Revenue FAQ


What is Hanover Bancorp’s yearly revenue?

Hanover Bancorp's yearly revenue for 2023 was $63.34M, representing an increase of 3632.47% compared to 2022. The company's yearly revenue for 2022 was $1.7M, representing a decrease of -96.23% compared to 2021. HNVR's yearly revenue for 2021 was $45.06M, representing an increase of 58.17% compared to 2020.

What is Hanover Bancorp’s quarterly revenue?

Hanover Bancorp's quarterly revenue for Q4 2024 was $38.07M, a 2.77% increase from the previous quarter (Q3 2024), and a 145.50% increase year-over-year (Q4 2023). The company's quarterly revenue for Q3 2024 was $37.04M, a 2.87% increase from the previous quarter (Q2 2024), and a 139.30% increase year-over-year (Q3 2023). HNVR's quarterly revenue for Q2 2024 was $36.01M, a 4.65% increase from the previous quarter (Q1 2024), and a 129.64% increase year-over-year (Q2 2023).

What is Hanover Bancorp’s revenue growth rate?

Hanover Bancorp's revenue growth rate for the last 3 years (2021-2023) was 40.58%

What are Hanover Bancorp’s revenue streams?

Hanover Bancorp's revenue streams in p 22 are Banking, Loan Fees and Service Charges, and Deposit Account. Banking, Loan Fees and Service Charges generated $2.88M in revenue, accounting 92.56% of the company's total revenue, up 310.38% year-over-year. Deposit Account generated $232K in revenue, accounting 7.44% of the company's total revenue, up 82.68% year-over-year.

What is Hanover Bancorp’s main source of revenue?

For the fiscal year ending Sep 22, the largest source of revenue of Hanover Bancorp was Banking, Loan Fees and Service Charges. This segment made a revenue of $2.88M, representing 92.56% of the company's total revenue.