Hanover Historical Income Statement

HNVR Stock

USD 23.74 1.73 6.79%

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 3.8 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 Interest Expense is relatively stable compared to the past year. As of 12/23/2024, Other Operating Expenses is likely to grow to about 9 M, while Selling General Administrative is likely to drop slightly above 16.5 M.

Income Tax Expense Selling General Administrative Selling And Marketing Expenses Total Revenue

Total Revenue

Total revenue comprises all receipts Hanover Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 Interest Expense is relatively stable compared to the past year. As of 12/23/2024, Other Operating Expenses is likely to grow to about 9 M, while Selling General Administrative is likely to drop slightly above 16.5 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.7M	3.5M	4.0M	4.2M
Income Tax Expense	6.9M	5.0M	5.8M	3.8M

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		0.23	0.18	-0.08	0.31	0.31	0.3	-0.05	-0.21	-0.23	0.85	0.24	0.64	0.24	0.14	0.13	0.25	0.13	0.27	-0.22
Income Tax Expense	0.23		0.71	0.86	0.58	0.98	0.99	0.3	0.69	0.66	0.16	0.99	0.01	0.99	0.98	0.97	0.82	0.98	0.72	-0.34
Depreciation And Amortization	0.18	0.71		0.86	0.97	0.77	0.71	-0.4	0.17	0.14	0.05	0.66	0.46	0.65	0.79	0.85	0.9	0.75	0.87	-0.78
Selling General Administrative	-0.08	0.86	0.86		0.72	0.84	0.8	-0.05	0.54	0.52	-0.21	0.81	0.01	0.79	0.92	0.94	0.88	0.89	0.82	-0.45
Selling And Marketing Expenses	0.31	0.58	0.97	0.72		0.68	0.61	-0.56	-0.07	-0.11	0.2	0.53	0.68	0.51	0.65	0.73	0.87	0.6	0.88	-0.79
Total Revenue	0.31	0.98	0.77	0.84	0.68		0.99	0.16	0.53	0.51	0.27	0.96	0.2	0.96	0.96	0.96	0.89	0.94	0.81	-0.43
Gross Profit	0.3	0.99	0.71	0.8	0.61	0.99		0.28	0.62	0.6	0.27	0.99	0.12	0.98	0.96	0.95	0.82	0.96	0.72	-0.41
Operating Income	-0.05	0.3	-0.4	-0.05	-0.56	0.16	0.28		0.79	0.8	0.05	0.38	-0.71	0.4	0.21	0.1	-0.28	0.29	-0.41	0.41
Ebit	-0.21	0.69	0.17	0.54	-0.07	0.53	0.62	0.79		1.0	-0.23	0.72	-0.67	0.74	0.68	0.6	0.21	0.74	0.06	0.05
Ebitda	-0.23	0.66	0.14	0.52	-0.11	0.51	0.6	0.8	1.0		-0.25	0.7	-0.69	0.72	0.66	0.57	0.18	0.72	0.03	0.07
Total Operating Expenses	0.85	0.16	0.05	-0.21	0.2	0.27	0.27	0.05	-0.23	-0.25		0.22	0.65	0.22	0.06	0.05	0.16	0.06	0.17	-0.15
Income Before Tax	0.24	0.99	0.66	0.81	0.53	0.96	0.99	0.38	0.72	0.7	0.22		0.0	1.0	0.97	0.94	0.76	0.98	0.65	-0.35
Total Other Income Expense Net	0.64	0.01	0.46	0.01	0.68	0.2	0.12	-0.71	-0.67	-0.69	0.65	0.0		-0.02	0.02	0.1	0.42	-0.04	0.52	-0.55
Net Income	0.24	0.99	0.65	0.79	0.51	0.96	0.98	0.4	0.74	0.72	0.22	1.0	-0.02		0.97	0.94	0.74	0.98	0.62	-0.35
Tax Provision	0.14	0.98	0.79	0.92	0.65	0.96	0.96	0.21	0.68	0.66	0.06	0.97	0.02	0.97		0.99	0.84	1.0	0.73	-0.46
Net Interest Income	0.13	0.97	0.85	0.94	0.73	0.96	0.95	0.1	0.6	0.57	0.05	0.94	0.1	0.94	0.99		0.89	0.98	0.8	-0.51
Interest Income	0.25	0.82	0.9	0.88	0.87	0.89	0.82	-0.28	0.21	0.18	0.16	0.76	0.42	0.74	0.84	0.89		0.78	0.99	-0.5
Net Income From Continuing Ops	0.13	0.98	0.75	0.89	0.6	0.94	0.96	0.29	0.74	0.72	0.06	0.98	-0.04	0.98	1.0	0.98	0.78		0.67	-0.44
Reconciled Depreciation	0.27	0.72	0.87	0.82	0.88	0.81	0.72	-0.41	0.06	0.03	0.17	0.65	0.52	0.62	0.73	0.8	0.99	0.67		-0.48
Cost Of Revenue	-0.22	-0.34	-0.78	-0.45	-0.79	-0.43	-0.41	0.41	0.05	0.07	-0.15	-0.35	-0.55	-0.35	-0.46	-0.51	-0.5	-0.44	-0.48

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Hanover Bancorp Account Relationship Matchups

Hanover Bancorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	13.0M	7.0M	7.2M	50.6M	58.1M	61.0M
Other Operating Expenses	(22.3M)	(31.0M)	5.1M	9.5M	8.6M	9.0M
Net Income Applicable To Common Shares	8.1M	5.0M	10.9M	23.6M	27.1M	28.4M
Income Tax Expense	1.2M	3.2M	6.9M	5.0M	5.8M	3.8M
Depreciation And Amortization	1.3M	1.4M	1.7M	3.5M	4.0M	4.2M
Selling General Administrative	12.1M	16.3M	21.3M	23.9M	27.4M	16.5M
Selling And Marketing Expenses	296K	118K	348K	27.0M	31.1M	32.6M
Total Revenue	28.5M	45.1M	70.7M	63.3M	72.8M	54.3M
Gross Profit	28.5M	45.1M	70.7M	57.0M	65.5M	52.9M
Operating Income	6.2M	14.1M	37.7M	1.8M	2.0M	1.9M
Ebit	5.3M	14.1M	37.7M	1.8M	2.0M	1.9M
Ebitda	6.6M	15.5M	39.4M	1.8M	2.0M	1.9M
Total Operating Expenses	(22.3M)	(31.0M)	5.1M	3.1M	3.6M	3.8M
Income Before Tax	6.2M	14.1M	30.5M	20.2M	23.2M	17.9M
Total Other Income Expense Net	(2.1M)	(8.4M)	(7.2M)	18.4M	21.2M	22.2M
Net Income	5.0M	10.9M	23.6M	15.2M	17.4M	13.8M

Pair Trading with Hanover Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hanover Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hanover Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hanover Stock

0.79	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.79	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Hanover Stock

0.87	CFG-PE	Citizens Financial	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.83	TFC-PR	Truist Financial	Pair Corr
0.69	NU	Nu Holdings	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to Hanover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hanover Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hanover Bancorp to buy it.

The correlation of Hanover Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hanover Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanover Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hanover Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

Total Revenue

Hanover Bancorp income statement Correlations

Hanover Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hanover Bancorp income statement Accounts

Pair Trading with Hanover Bancorp

Moving together with Hanover Stock

Moving against Hanover Stock

Additional Tools for Hanover Stock Analysis

COMMON DESTINATIONS

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COMPANY

Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Tax Provision
Gross Profit	+ 0.99	Income Tax Expense
Income Before Tax	+ 0.99	Income Tax Expense
Net Income	+ 0.99	Income Tax Expense

Cost Of Revenue	- 0.79	Selling And Marketing Expenses
Cost Of Revenue	- 0.78	Depreciation And Amortization
Total Other Income Expense Net	- 0.71	Operating Income
Total Other Income Expense Net	- 0.69	Ebitda
Total Other Income Expense Net	- 0.67	Ebit
Operating Income	- 0.56	Selling And Marketing Expenses