Stock Analysis
- United States
- /
- Banks
- /
- NasdaqGS:HNVR
Hanover Bancorp Second Quarter 2024 Earnings: Beats Expectations
Hanover Bancorp (NASDAQ:HNVR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$16.2m (up 9.9% from 2Q 2023).
- Net income: US$4.06m (up 32% from 2Q 2023).
- Profit margin: 25% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.55 (up from US$0.44 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hanover Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 25%.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Hanover Bancorp that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Hanover Bancorp is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Simply Wall St
About NasdaqGS:HNVR
Hanover Bancorp
Hanover Bancorp, Inc., a bank holding company for Hanover Community Bank, provides personal and business lending and deposit services to businesses, municipalities, and individuals in the New York metro area.
Flawless balance sheet with high growth potential.