Hanover Bancorp Inc (HNVR) - Net Assets
Based on the latest financial reports, Hanover Bancorp Inc (HNVR) has net assets worth $201.44 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.37 Billion) and total liabilities ($2.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Hanover Bancorp Inc assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $201.44 Million |
| % of Total Assets | 8.5% |
| Annual Growth Rate | -4.46% |
| 5-Year Change | 63.44% |
| 10-Year Change | N/A |
| Growth Volatility | 38.85 |
Hanover Bancorp Inc - Net Assets Trend (2016–2025)
This chart illustrates how Hanover Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Check HNVR tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hanover Bancorp Inc (2016–2025)
The table below shows the annual net assets of Hanover Bancorp Inc from 2016 to 2025. For live valuation and market cap data, see Hanover Bancorp Inc (HNVR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $200.27 Million | +1.85% |
| 2024-09-30 | $196.64 Million | +6.39% |
| 2023-09-30 | $184.83 Million | +7.10% |
| 2022-09-30 | $172.58 Million | +40.85% |
| 2021-09-30 | $122.53 Million | +57.00% |
| 2020-09-30 | $78.04 Million | +8.47% |
| 2019-09-30 | $71.95 Million | -86.31% |
| 2018-09-30 | $525.47 Million | +25.41% |
| 2017-09-30 | $418.99 Million | +38.79% |
| 2016-09-30 | $301.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanover Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7240100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $72.40 Million | 36.15% |
| Common Stock | $71.00K | 0.04% |
| Other Comprehensive Income | $-680.00K | -0.34% |
| Other Components | $128.47 Million | 64.15% |
| Total Equity | $200.27 Million | 100.00% |
Hanover Bancorp Inc Competitors by Market Cap
The table below lists competitors of Hanover Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AAPICO Hitech Public Company Limited
BK:AH
|
$166.56 Million |
|
Mayfair Gold Corp
V:MFG
|
$166.58 Million |
|
CareRx Corp
TO:CRRX
|
$166.60 Million |
|
Alector Inc
NASDAQ:ALEC
|
$166.65 Million |
|
Profarma Distribuidora de Produtos Farmacêuticos S.A
SA:PFRM3
|
$166.48 Million |
|
Sensorion SA
PA:ALSEN
|
$166.23 Million |
|
Bisalloy Steel Group Ltd
AU:BIS
|
$166.22 Million |
|
Atlan Holdings Bhd
KLSE:7048
|
$166.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanover Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 196,638,000 to 200,266,000, a change of 3,628,000 (1.8%).
- Net income of 7,488,000 contributed positively to equity growth.
- Dividend payments of 3,009,000 reduced retained earnings.
- Share repurchases of 1,830,000 reduced equity.
- Other comprehensive income increased equity by 654,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.49 Million | +3.74% |
| Dividends Paid | $3.01 Million | -1.5% |
| Share Repurchases | $1.83 Million | -0.91% |
| Other Comprehensive Income | $654.00K | +0.33% |
| Other Changes | $325.00K | +0.16% |
| Total Change | $- | 1.85% |
Book Value vs Market Value Analysis
This analysis compares Hanover Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.14x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-09-30 | $12.24 | $26.25 | x |
| 2017-09-30 | $15.14 | $26.25 | x |
| 2018-09-30 | $16.03 | $26.25 | x |
| 2019-09-30 | $17.19 | $26.25 | x |
| 2020-09-30 | $18.65 | $26.25 | x |
| 2021-09-30 | $25.75 | $26.25 | x |
| 2022-09-30 | $28.03 | $26.25 | x |
| 2023-09-30 | $25.96 | $26.25 | x |
| 2024-09-30 | $26.46 | $26.25 | x |
| 2025-09-30 | $26.78 | $26.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanover Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.22%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 11.90x
- Recent ROE (3.74%) is below the historical average (7.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.13% | 20.68% | 0.03x | 11.30x | $-1.24 Million |
| 2017 | 5.15% | 16.49% | 0.03x | 12.00x | $-2.03 Million |
| 2018 | 8.48% | 23.79% | 0.03x | 11.99x | $-822.00K |
| 2019 | 11.24% | 20.59% | 0.05x | 11.80x | $890.00K |
| 2020 | 6.37% | 11.99% | 0.05x | 10.91x | $-2.83 Million |
| 2021 | 8.86% | 20.86% | 0.04x | 12.12x | $-1.40 Million |
| 2022 | 13.65% | 33.32% | 0.04x | 10.66x | $6.30 Million |
| 2023 | 8.20% | 23.94% | 0.03x | 12.28x | $-3.32 Million |
| 2024 | 6.28% | 8.32% | 0.06x | 11.76x | $-7.32 Million |
| 2025 | 3.74% | 5.22% | 0.06x | 11.90x | $-12.54 Million |
Industry Comparison
This section compares Hanover Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,529,438,500
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanover Bancorp Inc (HNVR) | $201.44 Million | 6.13% | 10.77x | $166.54 Million |
| Ameris Bancorp (ABCB) | $279.02 Million | 5.17% | 9.82x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $19.89 Billion | 1.32% | 0.03x | $5.85 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $43.92 Million | 3.67% | 4.15x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $141.28 Million | 11.51% | 8.36x | $775.72 Million |
| Amalgamated Bank (AMAL) | $707.65 Million | 15.04% | 10.67x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $704.74 Million | 3.35% | 10.97x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $213.97 Million | 11.53% | 10.43x | $658.52 Million |
| Associated Banc-Corp (ASB) | $3.09 Billion | 6.48% | 8.43x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.43 Million |
About Hanover Bancorp Inc
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts… Read more