Hanover Bancorp (HNVR) Declares $0.10 Quarterly Dividend; 2.2% Yield

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Go back to Hanover Bancorp (HNVR) Declares $0.10 Quarterly Dividend; 2.2% Yield

Hanover Bancorp, Inc. Reports Earnings for the Second Fiscal Quarter and Declares $0.10 Quarterly Cash Dividend

April 27, 2023 8:00 AM EDT

Second Fiscal Quarter Performance Highlights

Net Income: Net income for the quarter ended March 31, 2023 totaled $3.2 million or $0.43 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding severance and retirement expenses) was $3.6 million or $0.48 per diluted share for the quarter ended March 31, 2023.Deposits: Total deposits were $1.7 billion at March 31, 2023, an increase of $189.6 million from December 31, 2022. Insured deposits, including municipal deposits that are fully collateralized, accounted for approximately 84% of total deposits at March 31, 2023.Strong Liquidity Position:... More