Hanover Bancorp, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023
January 24, 2024 at 04:20 pm EST
Share
Hanover Bancorp, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported net interest income was USD 12.66 million compared to USD 15.26 million a year ago. Net income was USD 3.76 million compared to USD 5.34 million a year ago.
Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.72 a year ago.
Hanover Bancorp, Inc. is a one-bank holding company for its subsidiary, Hanover Community Bank (the Bank). The Bank is a community commercial bank, which offers a full range of financial services. The Bank provides a complete suite of consumer, commercial and municipal banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. It also offers its customers access to 24-hour automated teller machine service with free checking with interest, telephone banking, advanced technologies in mobile and internet banking for its consumer and business customers, safe deposit boxes and other. The Bank operates eight branch locations serving Long Island, the greater New York metropolitan area and Freehold, New Jersey. It operates a full-service branch office along with additional branch locations in Garden City Park, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.