Hanover Bancorp, Inc. logo HNVR - Hanover Bancorp, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 1
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $28.50 DETAILS
HIGH: $28.50
LOW: $28.50
MEDIAN: $28.50
CONSENSUS: $28.50
UPSIDE: 20.41%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Revenue 143.3 148.4 113.9 77.3 52.0 41.5 39.3 19.3 13.0 9.5
Cost of Revenue 80.4 84.9 54.0 11.6 8.0 14.3 0 0 0 0
Gross Profit 62.9 63.5 59.9 65.7 44.1 27.2 39.3 19.3 13.0 9.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 35.6 27.0 21.9 20.0 14.9 12.4 13.8 10.7 8.0 5.6
Other Expenses 17.4 20.1 17.8 15.1 15.1 8.6 (3.3) 0 0 0
Operating Expenses 53.0 47.1 39.7 35.2 30.0 21.0 3.3 12.8 9.4 6.5
Operating Income
Operating Income 10.0 16.4 20.2 30.5 14.1 6.2 11.4 7.5 3.9 3.0
Interest Expense 70.0 79.9 50.6 7.2 7.0 13.0 2.8 0 0 0
Interest Income 130.5 133.0 105.0 68.4 48.7 40.1 0 0 0 0
Profitability
EBITDA 14.1 20.2 23.7 32.2 15.5 7.6 11.0 17.2 10.0 7.8
EBIT 10.0 16.4 20.2 30.5 14.1 6.2 10.3 17.2 10.0 7.8
Income Before Tax 10.0 16.4 20.2 30.5 14.1 6.2 10.3 6.5 3.6 3.0
Income Tax Expense 2.5 4.0 5.0 6.9 3.2 1.2 2.2 1.9 1.5 1.1
Net Income 7.5 12.3 15.2 23.6 10.9 5.0 8.1 4.6 2.2 2.0
Per Share Data
EPS (Basic) 1.00 1.67 2.07 3.74 2.32 1.19 1.93 1.36 0.78 0.75
EPS (Diluted) 1.00 1.66 2.05 3.68 2.28 1.19 1.93 1.36 0.78 0.75
Shares Outstanding 7.5 7.4 7.0 6.1 4.7 4.2 4.2 3.4 2.8 2.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 208.9 162.9 176.7 149.5 151.3 80.2 87.8 57.1 35.0 27.9
Short-Term Investments 36.9 83.8 61.4 12.3 7.7 6.0 0 0 0 0
Net Receivables 11.8 11.8 11.9 8.5 9.4 6.8 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0
Total Current Assets 260.9 261.8 253.5 173.8 172.6 93.0 95.5 57.1 35.0 27.9
Non-Current Assets
Property, Plant & Equipment 14.3 15.3 15.9 14.5 15.0 14.2 14.4 13.8 0 0
Goodwill 19.2 19.2 19.2 19.2 19.2 1.9 1.5 0 0 0
Intangible Assets 6.5 6.3 5.0 4.8 4.2 0.2 0 0 0 0
Long-Term Investments 2,052.1 1,978.9 1,950.5 1,615.1 1,247.2 16.8 65.7 0 0 0
Other Non-Current Assets 30.1 29.0 23.6 10.3 23.0 (33.0) 10.1 579.0 466.4 334.4
Total Non-Current Assets 2,122.2 2,050.3 2,016.5 1,666.3 1,312.0 33.0 753.3 592.9 466.4 334.4
Total Assets 2,383.1 2,312.1 2,270.1 1,840.1 1,484.6 851.6 848.8 650.0 501.4 362.3
Current Liabilities
Account Payables 1.7 1.5 1.7 0.9 1.3 0.4 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 2,028.4 1,954.3 1,904.6 1,528.1 1,164.7 (0.4) (0.5) 0 0 0
Total Current Liabilities 2,030.1 1,955.8 1,906.3 1,529.0 1,166.0 0.4 225.8 0 0 0
Non-Current Liabilities
Long-Term Debt 125.5 132.5 153.6 126.3 184.2 100.1 115.7 124.5 82.4 60.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 16.7 18.1 14.9 12.1 12.0 (100.1) 435.4 0 0 0
Total Non-Current Liabilities 152.7 159.7 178.9 138.5 196.2 100.1 551.1 124.5 82.4 60.4
Total Liabilities 2,182.8 2,115.5 2,085.2 1,667.5 1,362.1 773.6 776.9 124.5 82.4 60.4
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.0 0.0 54.2 41.8 32.1
Retained Earnings 72.4 67.9 58.6 46.5 25.0 14.1 9.1 0 0 0
Accumulated Other Comprehensive Income (0.7) (1.3) (2.5) (0.6) 0.3 0.2 0.0 0 0 0
Total Stockholders' Equity 200.3 196.6 184.8 172.6 122.5 78.0 72.0 54.2 41.8 32.1
Total Liabilities & Equity 2,383.1 2,312.1 2,270.1 1,840.1 1,484.6 851.6 848.8 178.7 124.1 92.4
Debt Metrics
Total Debt 136.0 141.5 164.0 126.3 184.2 100.1 115.7 124.5 82.4 60.4
Net Debt (72.9) (21.3) (12.6) (23.2) 32.9 19.9 27.9 67.4 47.4 32.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 7.5 12.3 15.2 23.6 10.9 5.0 8.1 4.6 2.2 2.0
Depreciation & Amortization 4.1 3.9 3.5 1.7 1.5 1.3 0.7 0 0 0
Stock-Based Compensation 1.6 1.6 1.9 1.7 0.9 0.8 0.4 0 0 0
Change in Working Capital (2.9) (6.6) (3.2) 0.6 3.4 (6.9) 2.2 0 0 0
Other Non-Cash Items 0.7 (6.4) (2.1) (3.8) (3.8) 0.2 (3.4) (4.6) (2.2) (2.0)
Operating Cash Flow 13.1 5.4 16.4 25.0 13.2 0.6 8.0 0 0 0
Investing Activities
Capital Expenditure (0.9) (1.3) (3.4) (1.1) (2.1) (1.1) (1.5) 0 0 0
Acquisitions 0 0 0 0 26.2 (3.9) 14.5 0 0 0
Purchases of Investments (131.0) (622.6) 0 (8) (4.7) (5) (1.9) 0 0 0
Sales/Maturities of Investments 119.5 601.2 0.4 6.6 5.7 1.3 2.1 0 0 0
Other Investing Activities (15.6) (22.7) (253.3) (371.7) 64.8 1.4 (56.7) 0 0 0
Investing Cash Flow (27.9) (45.4) (256.4) (374.1) 89.8 (7.3) (45.8) 0 0 0
Financing Activities
Net Debt Issuance (7.1) (21.1) 78.2 (57.7) (174.5) (15.6) (8.8) 0 0 0
Stock Repurchased (1.8) (0.2) 0 0 0 0 0 0 0 0
Dividends Paid (3.0) (3.0) (2.9) (2.0) 0 0 0 0 0 0
Other Financing Activities 73.3 49.9 207.4 364.5 157.7 14.6 77.4 0 0 0
Financing Cash Flow 60.9 25.6 282.7 332.5 (16.7) (0.9) 68.6 0 0 0
Cash Position
Net Change in Cash 46.0 (14.3) 42.8 (16.6) 86.3 (7.6) 87.8 0 0 0
Cash at Beginning 162.9 177.2 149.9 166.5 80.2 87.8 0 0 0 0
Cash at End 208.9 162.9 192.7 149.9 166.5 80.2 87.8 0 0 0
Free Cash Flow 12.2 4.1 13.0 23.9 11.1 (0.5) 6.4 0 0 0
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Income Statement
Revenue 143.3 148.4 113.9 77.3 52.0 41.5 39.3 19.3 13.0 9.5
Gross Profit 62.9 63.5 59.9 65.7 44.1 27.2 39.3 19.3 13.0 9.5
Operating Income 10.0 16.4 20.2 30.5 14.1 6.2 11.4 7.5 3.9 3.0
Net Income 7.5 12.3 15.2 23.6 10.9 5.0 8.1 4.6 2.2 2.0
EPS (Diluted) 1.00 1.66 2.05 3.68 2.28 1.19 1.93 1.36 0.78 0.75
Balance Sheet
Cash & Equivalents 208.9 162.9 176.7 149.5 151.3 80.2 87.8 57.1 35.0 27.9
Total Assets 2,383.1 2,312.1 2,270.1 1,840.1 1,484.6 851.6 848.8 650.0 501.4 362.3
Total Debt 136.0 141.5 164.0 126.3 184.2 100.1 115.7 124.5 82.4 60.4
Stockholders' Equity 200.3 196.6 184.8 172.6 122.5 78.0 72.0 54.2 41.8 32.1
Cash Flow
Operating Cash Flow 13.1 5.4 16.4 25.0 13.2 0.6 8.0 0 0 0
Capital Expenditure (0.9) (1.3) (3.4) (1.1) (2.1) (1.1) (1.5) 0 0 0
Free Cash Flow 12.2 4.1 13.0 23.9 11.1 (0.5) 6.4 0 0 0