Hanover Bancorp (HNVR) Revenue & Revenue Breakdown
Hanover Bancorp Revenue Highlights
Latest Revenue (Y)
$63.34M
Latest Revenue (Q)
$37.04M
Main Segment (Y)
Banking, Loan Fees and Service Charges
Hanover Bancorp Revenue by Period
Hanover Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-09-30 | $63.34M | 3632.47% |
| 2022-09-30 | $1.70M | -96.23% |
| 2021-09-30 | $45.06M | 58.17% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $37.04M | 2.87% |
| 2024-03-31 | $36.01M | 4.65% |
| 2023-12-31 | $34.41M | 121.91% |
| 2023-09-30 | $15.51M | 0.17% |
| 2023-06-30 | $15.48M | -1.28% |
| 2023-03-31 | $15.68M | -5.97% |
| 2022-12-31 | $16.68M | 883.20% |
| 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 | $17.85M | 60.86% |
| 2021-06-30 | $11.10M | 30.66% |
| 2021-03-31 | $8.49M | 11.57% |
| 2020-12-31 | $7.61M | 1.49% |
| 2020-09-30 | $7.50M | 13.63% |
| 2020-06-30 | $6.60M | -5.09% |
| 2020-03-31 | $6.96M | -6.38% |
| 2019-12-31 | $7.43M | 2.47% |
| 2019-09-30 | $7.25M | 17.94% |
| 2019-06-30 | $6.15M | -5.17% |
| 2019-03-31 | $6.48M | -2.53% |
| 2018-12-31 | $6.65M | 21.57% |
| 2018-09-30 | $5.47M | 11.61% |
| 2018-06-30 | $4.90M | 0.91% |
| 2018-03-31 | $4.86M | 18.15% |
| 2017-12-31 | $4.11M | 11.53% |
| 2017-09-30 | $3.69M | 8.35% |
| 2017-06-30 | $3.40M | 12.28% |
| 2017-03-31 | $3.03M | - |
Hanover Bancorp generated $37.04M in revenue during Q3 2024, up 2.87% compared to the previous quarter, and up 236.24% compared to the same period a year ago.
Hanover Bancorp Revenue Breakdown
Hanover Bancorp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Sep 22 | Sep 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/Service | Jun 24 | Mar 24 |
|---|---|---|
| Other Revenue | $82.00K | $61.00K |
| Service Charges On Deposit Accounts | $114.00K | $96.00K |
Hanover Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Service Charges On Deposit Accounts (58.16%), and Other Revenue (41.84%).
Hanover Bancorp Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| HNVR | Hanover Bancorp | $63.34M | $37.04M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
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 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). The company'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). HNVR's quarterly revenue for Q1 2024 was $34.41M, a 121.91% increase from the previous quarter (Q4 2023), and a 106.35% increase year-over-year (Q1 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.