Hanover Bancorp Past Earnings Performance
Past criteria checks 2/6
Hanover Bancorp has been growing earnings at an average annual rate of 23.5%, while the Banks industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 22.9% per year. Hanover Bancorp's return on equity is 7.6%, and it has net margins of 22.8%.
Key information
23.5%
Earnings growth rate
9.6%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 22.9% |
| Return on equity | 7.6% |
| Net Margin | 22.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Hanover Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 62 | 14 | 34 | 0 |
| 31 Dec 23 | 60 | 13 | 33 | 0 |
| 30 Sep 23 | 60 | 15 | 32 | 0 |
| 30 Jun 23 | 61 | 17 | 31 | 0 |
| 31 Mar 23 | 62 | 19 | 30 | 0 |
| 31 Dec 22 | 64 | 21 | 29 | 0 |
| 30 Sep 22 | 66 | 23 | 29 | 0 |
| 30 Jun 22 | 66 | 24 | 29 | 0 |
| 31 Mar 22 | 62 | 19 | 28 | 0 |
| 31 Dec 21 | 53 | 16 | 25 | 0 |
| 30 Sep 21 | 44 | 11 | 23 | 0 |
| 30 Jun 21 | 34 | 5 | 21 | 0 |
| 31 Mar 21 | 30 | 7 | 19 | 0 |
| 31 Dec 20 | 27 | 5 | 19 | 0 |
| 30 Sep 20 | 27 | 5 | 19 | 0 |
| 30 Jun 20 | 27 | 5 | 18 | 0 |
| 31 Mar 20 | 27 | 5 | 17 | 0 |
| 31 Dec 19 | 27 | 8 | 15 | 0 |
| 30 Sep 19 | 27 | 8 | 14 | 0 |
| 30 Jun 19 | 25 | 8 | 12 | 0 |
| 31 Mar 19 | 24 | 8 | 12 | 0 |
| 31 Dec 18 | 22 | 7 | 11 | 0 |
| 30 Sep 18 | 19 | 5 | 11 | 0 |
| 30 Jun 18 | 18 | 4 | 10 | 0 |
| 31 Mar 18 | 16 | 2 | 10 | 0 |
| 30 Sep 17 | 13 | 2 | 8 | 0 |
| 30 Sep 16 | 10 | 2 | 6 | 0 |
Quality Earnings: HNVR has high quality earnings.
Growing Profit Margin: HNVR's current net profit margins (22.8%) are lower than last year (30.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HNVR's earnings have grown significantly by 23.5% per year over the past 5 years.
Accelerating Growth: HNVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HNVR had negative earnings growth (-25.1%) over the past year, making it difficult to compare to the Banks industry average (-9%).
Return on Equity
High ROE: HNVR's Return on Equity (7.6%) is considered low.