Welcome to our dedicated page for Hanover Bancorp SEC filings (Ticker: HNVR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Hanover Bancorp, Inc. (HNVR) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures as a Nasdaq-listed bank holding company. Through these documents, investors can review how Hanover reports its commercial banking activities, capital structure, and risk profile as the parent of Hanover Community Bank.
Current reports on Form 8-K feature prominently in Hanover’s filing history. The company uses Form 8-K to announce quarterly and annual earnings results, furnish press releases on financial performance, and provide investor presentation materials under Regulation FD. These filings give detail on net interest income, net interest margin, pre-provision net revenue, asset quality, loan and deposit trends, and quarterly cash dividend declarations on common and Series A preferred shares.
Hanover also files 8-Ks for material corporate events, such as its 2025 reincorporation merger in which Hanover Bancorp, Inc., a New York corporation, merged into a Maryland corporation of the same name to change its domicile. The related 8-K describes the Agreement and Plan of Merger, the continuation of the company’s business under Maryland law, the conversion of outstanding shares into Maryland-incorporated shares on a one-for-one basis, and the succession of the Maryland entity to all rights, assets, liabilities, and obligations of the former New York corporation.
On Stock Titan, these filings are updated in near real time as they appear on EDGAR. AI-powered summaries help explain the key points in lengthy documents, highlight items such as earnings trends, changes in corporate structure, and capital actions, and make it easier to understand the implications of each filing without reading every page. Users can quickly locate Hanover’s earnings-related 8-Ks, Regulation FD disclosures with investor presentations, and corporate governance filings related to charter and bylaw changes.
For investors analyzing HNVR, this page serves as a focused view of Hanover Bancorp’s SEC reporting history, combining raw filings with AI-generated insights to clarify complex financial and legal information.
Hanover Bancorp, Inc. director Robert Golden exercised stock options to acquire 10,000 shares of Common Stock on May 6, 2026 at $13.00 per share. Following the exercise, he directly holds 36,268 Common Stock shares, and the exercised Stock Options balance decreased to zero.
The filing also lists significant indirect holdings, including 195,358 shares in trusts for his benefit where his spouse is a trustee, 80,769 shares in trusts for a sibling where he is a trustee, 42,771 shares held by a limited liability company he controls, and additional shares held in various trusts and by his spouse and children.
Hanover Bancorp, Inc. reported Q1 2026 net income of $1.874 million, up from $1.521 million in Q1 2025, with basic and diluted EPS of $0.25 versus $0.20.
Total assets were $2.37 billion, loans were $1.99 billion and deposits $2.02 billion as of March 31, 2026. Net interest income rose to $16.36 million as interest expense declined, while non-interest income softened on lower gains on loan sales.
Asset quality remained manageable: the allowance for credit losses was $19.15 million, with nonaccrual loans of $24.6 million. The Bank stayed well capitalized, with a common equity Tier 1 ratio of 13.32%. During the quarter the company restructured $60.3 million of FHLB advances at lower rates and issued $35 million of new subordinated notes, while also recording a Board-approved severance payment of approximately $2.15 million to its former President.
Hanover Bancorp, Inc. executive Lisa A. Diiorio exercised stock options and had shares withheld for taxes. On May 1, 2026, she exercised 6,000 shares of common stock at $13.00 per share through a derivative exercise.
On the same date, 3,879 shares of common stock were disposed of at $23.72 per share as a tax-withholding disposition, meaning the shares covered tax obligations rather than being sold on the open market. After these transactions, she directly owned 17,899 shares of Hanover Bancorp common stock, and the stock options referenced in the footnote were fully exercised.
Hanover Bancorp, Inc. reported first-quarter 2026 net income of $1.9 million, or $0.25 per diluted share, up from $1.5 million, or $0.20, a year earlier. Adjusted non-GAAP net income was $4.0 million, or $0.54 per diluted share, versus $4.1 million, or $0.55, in first-quarter 2025.
Results were driven by stronger core banking performance. Net interest income rose to $16.4 million, an 11.85% increase, as net interest margin expanded to 2.96% from 2.68%, helped by a lower cost of interest-bearing liabilities. Non-interest income declined, mainly from lower gains on loan sales, and expenses included $2.3 million of severance tied to a leadership transition.
Total assets were $2.37 billion and deposits $2.02 billion at March 31, 2026. Credit quality remained stable, with non-performing loans at 1.23% of total loans, or 0.89% excluding SBA-guaranteed amounts. The company issued $35 million of subordinated notes at 7.25% and plans to redeem $25 million of higher-cost subordinated notes, and declared a $0.10 per share quarterly dividend payable May 18, 2026.
Hanover Bancorp, Inc. is asking shareholders to vote at a fully virtual annual meeting on May 28, 2026, with 7,156,661 common shares entitled to one vote each as of April 8, 2026.
Shareholders will elect three directors, approve the nonbinding ratification of the independent auditor, and vote on the new 2026 Equity Incentive Plan, which would authorize 270,289 shares for future equity awards, replacing the 2018 and 2021 plans. Directors and executive officers as a group beneficially own 1,811,734 shares, or 24.38% of the company, and several institutional investors each hold more than 5%.
The proxy details a largely independent board, key committees, and a pay‑for‑performance program. In 2025, CEO Michael P. Puorro’s total compensation was $1,499,882 on a $716,000 base salary, with performance-based annual incentives and long-term equity awards, plus a change-in-control package estimated at about $4.0 million at the year-end share price. A separate change-in-control agreement could provide about $637,000 to Executive Vice President and Chief Lending Officer Joseph F. Burns.
Hanover Bancorp, Inc. (HNVR) officer Michael Patrick Locorriere filed an initial ownership report showing he directly holds 30,990 shares of Common Stock. This amount includes 5,943 shares of restricted stock that are subject to vesting terms, meaning a portion of his stake will vest over time.
Hanover Bancorp, Inc., the parent of Hanover Community Bank, reports a community banking franchise focused on the New York metro area. As of December 31, 2025, it had $2.38 billion in total assets, $2.00 billion in total loans, $2.03 billion in deposits and $200.3 million in stockholders’ equity.
The bank emphasizes real estate and small business lending, with a large share of loans secured by New York–area properties, including one‑ to four‑family mortgages, commercial real estate and multifamily housing. It also originates SBA and municipal banking business, holding $700.7 million in municipal deposits at a 3.01% weighted average rate.
The filing highlights risks from economic concentration in the New York region, extensive exposure to commercial and residential real estate, interest rate volatility, reliance on wholesale and government-backed funding, and regulatory and compliance demands. It also notes specific sensitivities around rent-regulated multifamily assets and non‑conforming mortgage products.
Hanover Bancorp, Inc. completed a private placement of $35.0 million in 7.25% fixed-to-floating rate subordinated notes due 2036 sold at 100% of face value to qualified institutional buyers and accredited investors. The notes pay a fixed 7.25% coupon, semi-annually, until March 15, 2031, then reset quarterly to three-month SOFR (not below zero) plus 386 basis points, paid quarterly.
The company plans to use the proceeds to repay $25 million of existing subordinated notes and for general corporate purposes, including equity contributions to Hanover Community Bank. The notes are unsecured, subordinated obligations intended to qualify as Tier 2 capital, carry a BBB+ rating, and are redeemable by the company on interest payment dates on or after March 15, 2031, subject to regulatory approval.
Hanover Bancorp, Inc. Chairman and CEO Michael P. Puorro reported multiple tax-related share dispositions of common stock. On February 20, 2026, he delivered an aggregate of 4,383 shares at $21.98 per share to cover tax withholding on vested restricted stock.
The restricted shares that vested on that date came from prior grants made on January 27, 2022, January 24, 2023, January 19, 2024, and January 29, 2025. After these transactions, Puorro directly owned 321,663 Hanover Bancorp common shares.
Hanover Bancorp, Inc. Senior Executive Vice President and Chief Financial Officer Lance P. Burke reported several small dispositions of common stock on February 20, 2026. Each transaction was coded "F" and represents shares withheld at $21.98 per share to cover tax obligations when previously granted restricted stock vested. These are administrative tax-withholding dispositions rather than open-market sales, and Burke continues to hold a direct ownership position in Hanover Bancorp common stock after these transactions.