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Hanover Bancorp Inc ( (HNVR) ) has provided an update.
On February 25, 2025, Hanover Bancorp Inc. representatives presented information to investors, highlighting the company’s financial performance and strategic initiatives. The company reported total assets of $2.3 billion as of December 31, 2024, with significant growth in deposits and loans. Recent developments include the transition to FIS Horizon to enhance digital banking capabilities and the opening of a new business banking center in Hauppauge, NY. These moves aim to strengthen Hanover’s market position and operational efficiency, benefiting stakeholders by supporting continued growth and profitability.
More about Hanover Bancorp Inc
Hanover Bancorp Inc., founded in 2009 and headquartered in Mineola, NY, operates in the banking industry, offering consumer and commercial banking services primarily in western Long Island, New York City boroughs, and Freehold, NJ. The company has a history of strategic acquisitions, including Chinatown Federal Savings Bank in 2019 and Savoy Bank in 2021, and focuses on non-qualified mortgage niche residential lending. Hanover Bancorp completed its IPO in May 2022 and continues to expand its branch network and banking services.
YTD Price Performance: 5.90%
Average Trading Volume: 23,105
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $174M
For an in-depth examination of HNVR stock, go to TipRanks’ Stock Analysis page.