Hanover Historical Income Statement

HNVR Stock

USD 22.65 0.30 1.34%

Historical analysis of Hanover Bancorp income statement accounts such as Net Income Applicable To Common Shares of 28.4 M or Income Tax Expense of 3.9 M can show how well Hanover Bancorp performed in making a profits. Evaluating Hanover Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hanover Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Hanover Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hanover Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.

About Hanover Income Statement Analysis

Hanover Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hanover Bancorp shareholders. The income statement also shows Hanover investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Hanover Bancorp Income Statement Chart

At this time, Hanover Bancorp's Net Income From Continuing Ops is relatively stable compared to the past year.

Other Operating Expenses Income Tax Expense Selling General Administrative Selling And Marketing Expenses Ebitda

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hanover Bancorp. It is also known as Hanover Bancorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Hanover Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hanover Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.At this time, Hanover Bancorp's Net Income From Continuing Ops is relatively stable compared to the past year.

	2022	2024	2025 (projected)
Depreciation And Amortization	3.5M	4.0M	4.2M
Income Tax Expense	5.0M	4.6M	3.9M

Depreciation And Amortization Income Tax Expense

Hanover Bancorp income statement Correlations

	Other Operating Expenses	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Tax Provision	Net Interest Income	Interest Income	Net Income From Continuing Ops	Reconciled Depreciation	Cost Of Revenue
Other Operating Expenses		0.09	0.21	0.38	0.09	0.0	-0.02	-0.13	0.22	0.21	-0.71	0.01	-0.38	0.0	0.16	0.18	0.08	0.15	0.07	-0.11
Income Tax Expense	0.09		0.68	0.66	0.55	0.91	0.97	0.25	0.72	0.66	0.17	0.99	-0.04	0.98	0.98	0.94	0.68	0.98	0.63	-0.28
Depreciation And Amortization	0.21	0.68		0.32	0.97	0.83	0.73	-0.51	0.14	0.05	0.08	0.6	0.44	0.58	0.76	0.87	0.91	0.71	0.91	-0.69
Selling General Administrative	0.38	0.66	0.32		0.15	0.39	0.47	0.31	0.71	0.71	-0.4	0.63	-0.47	0.63	0.68	0.57	0.23	0.69	0.22	0.12
Selling And Marketing Expenses	0.09	0.55	0.97	0.15		0.77	0.64	-0.65	-0.08	-0.17	0.22	0.47	0.65	0.45	0.63	0.76	0.9	0.56	0.93	-0.69
Total Revenue	0.0	0.91	0.83	0.39	0.77		0.97	-0.07	0.44	0.36	0.28	0.86	0.26	0.85	0.9	0.96	0.91	0.87	0.86	-0.42
Gross Profit	-0.02	0.97	0.73	0.47	0.64	0.97		0.13	0.59	0.52	0.28	0.95	0.12	0.94	0.94	0.95	0.79	0.93	0.73	-0.37
Operating Income	-0.13	0.25	-0.51	0.31	-0.65	-0.07	0.13		0.74	0.79	0.01	0.36	-0.73	0.38	0.15	-0.05	-0.46	0.25	-0.54	0.42
Ebit	0.22	0.72	0.14	0.71	-0.08	0.44	0.59	0.74		1.0	-0.23	0.76	-0.7	0.78	0.7	0.56	0.11	0.76	0.02	0.05
Ebitda	0.21	0.66	0.05	0.71	-0.17	0.36	0.52	0.79	1.0		-0.26	0.71	-0.75	0.73	0.64	0.48	0.03	0.7	-0.07	0.12
Total Operating Expenses	-0.71	0.17	0.08	-0.4	0.22	0.28	0.28	0.01	-0.23	-0.26		0.22	0.67	0.22	0.07	0.07	0.18	0.06	0.19	-0.14
Income Before Tax	0.01	0.99	0.6	0.63	0.47	0.86	0.95	0.36	0.76	0.71	0.22		-0.08	1.0	0.96	0.9	0.59	0.98	0.53	-0.29
Total Other Income Expense Net	-0.38	-0.04	0.44	-0.47	0.65	0.26	0.12	-0.73	-0.7	-0.75	0.67	-0.08		-0.1	-0.04	0.11	0.46	-0.11	0.53	-0.44
Net Income	0.0	0.98	0.58	0.63	0.45	0.85	0.94	0.38	0.78	0.73	0.22	1.0	-0.1		0.96	0.88	0.57	0.97	0.5	-0.28
Tax Provision	0.16	0.98	0.76	0.68	0.63	0.9	0.94	0.15	0.7	0.64	0.07	0.96	-0.04	0.96		0.97	0.72	0.99	0.67	-0.39
Net Interest Income	0.18	0.94	0.87	0.57	0.76	0.96	0.95	-0.05	0.56	0.48	0.07	0.9	0.11	0.88	0.97		0.86	0.95	0.81	-0.47
Interest Income	0.08	0.68	0.91	0.23	0.9	0.91	0.79	-0.46	0.11	0.03	0.18	0.59	0.46	0.57	0.72	0.86		0.65	0.99	-0.46
Net Income From Continuing Ops	0.15	0.98	0.71	0.69	0.56	0.87	0.93	0.25	0.76	0.7	0.06	0.98	-0.11	0.97	0.99	0.95	0.65		0.59	-0.37
Reconciled Depreciation	0.07	0.63	0.91	0.22	0.93	0.86	0.73	-0.54	0.02	-0.07	0.19	0.53	0.53	0.5	0.67	0.81	0.99	0.59		-0.45
Cost Of Revenue	-0.11	-0.28	-0.69	0.12	-0.69	-0.42	-0.37	0.42	0.05	0.12	-0.14	-0.29	-0.44	-0.28	-0.39	-0.47	-0.46	-0.37	-0.45

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Hanover Bancorp Account Relationship Matchups

Hanover Bancorp income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	7.0M	7.2M	50.6M	79.9M	91.9M	96.5M
Other Operating Expenses	22.3M	31.0M	5.1M	9.5M	8.6M	13.0M
Net Income Applicable To Common Shares	8.1M	5.0M	10.9M	23.6M	27.1M	28.4M
Income Tax Expense	3.2M	6.9M	5.0M	4.0M	4.6M	3.9M
Depreciation And Amortization	1.3M	1.4M	1.7M	3.5M	4.0M	4.2M
Selling General Administrative	16.3M	21.3M	23.9M	3.1M	3.5M	3.4M
Selling And Marketing Expenses	296K	118K	348K	27.0M	31.1M	32.6M
Total Revenue	45.1M	70.7M	63.3M	68.4M	78.7M	57.8M
Gross Profit	28.5M	45.1M	70.7M	57.0M	65.5M	52.9M
Operating Income	14.1M	37.7M	1.8M	209K	188.1K	178.7K
Ebit	5.3M	14.1M	37.7M	1.8M	2.0M	1.9M
Ebitda	15.5M	39.4M	1.8M	209K	240.4K	228.3K
Total Operating Expenses	(31.0M)	5.1M	3.1M	3.1M	3.5M	3.7M
Income Before Tax	14.1M	30.5M	20.2M	16.4M	18.8M	17.9M
Total Other Income Expense Net	(8.4M)	(7.2M)	18.4M	16.2M	18.6M	19.5M
Net Income	10.9M	23.6M	15.2M	12.3M	14.2M	13.7M
Tax Provision	3.2M	6.9M	5.0M	4.0M	4.6M	4.5M
Net Interest Income	41.7M	61.3M	54.5M	53.1M	61.1M	52.3M
Interest Income	48.7M	68.4M	105.0M	133.0M	153.0M	87.0M
Net Income From Continuing Ops	10.9M	23.6M	15.2M	12.3M	14.2M	14.7M
Reconciled Depreciation	1.5M	1.7M	3.5M	3.9M	4.4M	2.6M

Additional Tools for Hanover Stock Analysis

When running Hanover Bancorp's price analysis, check to measure Hanover Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanover Bancorp is operating at the current time. Most of Hanover Bancorp's value examination focuses on studying past and present price action to predict the probability of Hanover Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Bancorp's price. Additionally, you may evaluate how the addition of Hanover Bancorp to your portfolios can decrease your overall portfolio volatility.

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Hanover Historical Income Statement

About Hanover Income Statement Analysis

Hanover Bancorp Income Statement Chart

Other Operating Expenses

Hanover Bancorp income statement Correlations

Hanover Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hanover Bancorp income statement Accounts

Additional Tools for Hanover Stock Analysis

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Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Income Before Tax	+ 0.99	Income Tax Expense
Net Income From Continuing Ops	+ 0.99	Tax Provision
Reconciled Depreciation	+ 0.99	Interest Income
Net Income	+ 0.98	Income Tax Expense

Total Other Income Expense Net	- 0.75	Ebitda
Total Other Income Expense Net	- 0.73	Operating Income
Total Operating Expenses	- 0.71	Other Operating Expenses
Total Other Income Expense Net	- 0.7	Ebit
Cost Of Revenue	- 0.69	Selling And Marketing Expenses
Cost Of Revenue	- 0.69	Depreciation And Amortization