Hanover Bancorp, Inc. (HNVR) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Hanover Bancorp, Inc. reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, with a year-over-year comparison showing no change in earnings [1][2] Financial Performance - The company posted revenues of $18.36 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.58%, compared to revenues of $16.51 million a year ago [2] - Over the last four quarters, Hanover Bancorp has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Hanover Bancorp shares have declined approximately 7.6% since the beginning of the year, while the S&P 500 has seen a decline of 10.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $18.4 million, and for the current fiscal year, it is $2.33 on revenues of $75.3 million [7] - The estimate revisions trend for Hanover Bancorp has been unfavorable ahead of the earnings release [6] Industry Context - The Banks - Northeast industry, to which Hanover Bancorp belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable industry outlook [8]