Hanover Bancorp, Inc.

NasdaqGS:HNVR Stock Report

Mkt Cap: US$142.9m

Hanover Bancorp Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Michael Puorro (62 yo)

7yrs

Tenure

US$937,431

Compensation

Mr. Michael P. Puorro is Chairman of the Board and Chief Executive Officer at Hanover Community Bank since 2012. He serves as Director at Hanover Community Bank since 2012. Mr. Puorro has been Chairman of...


CEO Compensation Analysis

How has Michael Puorro's remuneration changed compared to Hanover Bancorp's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a

US$23m

Jun 30 2022n/an/a

US$25m

Mar 31 2022n/an/a

US$20m

Dec 31 2021n/an/a

US$16m

Sep 30 2021US$937kUS$571k

US$11m

Jun 30 2021n/an/a

US$5m

Mar 31 2021n/an/a

US$7m

Dec 31 2020n/an/a

US$5m

Sep 30 2020US$978kUS$535k

US$5m

Jun 30 2020n/an/a

US$5m

Mar 31 2020n/an/a

US$5m

Dec 31 2019n/an/a

US$8m

Sep 30 2019US$1mUS$486k

US$8m

Jun 30 2019n/an/a

US$8m

Dec 31 2018n/an/a

US$7m

Sep 30 2018US$824kUS$433k

US$5m

Compensation vs Market: Michael's total compensation ($USD937.43K) is about average for companies of similar size in the US market ($USD735.33K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Puorro
CEO & Chairman7yrsUS$937.43k3.59%
$ 5.1m
Brian Finneran
President2.83yrsUS$603.01k1.22%
$ 1.7m
Lance Burke
Executive VP & CFO1.33yrsno data0.24%
$ 338.4k
Lisa Dilorio
First Senior VP & Chief Accounting Officerno datano data0.21%
$ 294.7k
Alice Rouse
Executive VP & Chief Risk Officerno datano data0.34%
$ 489.4k
McClelland Wilcox
Senior Executive VP1.67yrsno data0.83%
$ 1.2m
Michael Locorriere
Executive VP & Chief Municipal Officer3yrsno data0.20%
$ 289.1k
Michelle Mihas
First VP & Corporate Secretaryno datano datano data

2.8yrs

Average Tenure

56yo

Average Age

Experienced Management: HNVR's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Puorro
CEO & Chairman7yrsUS$937.43k3.59%
$ 5.1m
Metin Negrin
Independent Director1.67yrsUS$11.80k3.25%
$ 4.6m
Ahron Haspel
Independent Director7yrsUS$61.30k0.82%
$ 1.2m
Michael Katz
Independent Director7yrsUS$49.25k3.35%
$ 4.8m
Varkey Abraham
Independent Director7yrsUS$45.40k0.69%
$ 981.9k
Philip Okun
Independent Director7yrsUS$50.75k0.45%
$ 636.3k
Robert Golden
Lead Independent Director7yrsUS$66.75k5.13%
$ 7.3m
John Sorrenti
Independent Director7yrsUS$48.75k0.52%
$ 740.6k
Elena Sisti
Independent Director1.67yrsUS$12.65k2.02%
$ 2.9m

7.0yrs

Average Tenure

68yo

Average Age

Experienced Board: HNVR's board of directors are considered experienced (7 years average tenure).