Hanover Bancorp Q1 2025: Assets $715M, Liabilities $723M
Ticker: HNVR · Form: 10-Q · Filed: May 9, 2025 · CIK: 1828588
| Field | Detail |
|---|---|
| Company | Hanover Bancorp, INC. /Ny (HNVR) |
| Form Type | 10-Q |
| Filed Date | May 9, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: financials, balance-sheet, assets, liabilities
TL;DR
Hanover Bancorp Q1 2025: Assets $715M, Liabilities $723M. Watch for changes in retained earnings and capital accounts.
AI Summary
Hanover Bancorp, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported total assets of $715,212,700 and total liabilities of $722,873,100. Key financial figures include Retained Earnings, Preferred Stock, Additional Paid-In Capital, and Accumulated Other Comprehensive Income as of March 31, 2025.
Why It Matters
This filing provides a snapshot of Hanover Bancorp's financial health at the end of Q1 2025, indicating its asset and liability position which is crucial for investors and creditors to assess solvency and operational scale.
Risk Assessment
Risk Level: medium — The company's liabilities ($722.87M) exceed its assets ($715.21M) as of March 31, 2025, suggesting potential financial strain.
Key Numbers
- $715.2M — Total Assets (As of March 31, 2025)
- $722.9M — Total Liabilities (As of March 31, 2025)
Key Players & Entities
- Hanover Bancorp, Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- 715212700 (dollar_amount) — Total assets
- 722873100 (dollar_amount) — Total liabilities
FAQ
What is the net income for Hanover Bancorp for the quarter ending March 31, 2025?
The provided snippet does not contain net income figures for the quarter ending March 31, 2025.
What were the total revenues for Hanover Bancorp in Q1 2025?
The provided snippet does not contain revenue figures for Q1 2025.
How do the total assets of $715.2M compare to the previous quarter?
The provided snippet does not include comparative data from the previous quarter.
What is the amount of 'Other Assets' as of March 31, 2025?
The provided snippet references 'OtherAssets' but does not specify a dollar amount for it.
What is the value of 'Retained Earnings' as of March 31, 2025?
The filing indicates 'us-gaap:RetainedEarningsMember' for 2025-03-31, but the specific dollar amount is not present in this snippet.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 9, 2025 regarding Hanover Bancorp, Inc. /NY (HNVR).