Hanover Bancorp, Inc. (HNVR) Misses Q2 Earnings and Revenue Estimates

Core Viewpoint - Hanover Bancorp, Inc. reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.57 per share, representing an earnings surprise of -42.11% [1][2] Financial Performance - The company posted revenues of $18.36 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 3.9%, compared to $16.87 million in the same quarter last year [2] - Over the last four quarters, Hanover Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Hanover Bancorp shares have lost approximately 3.1% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The current Zacks Rank for Hanover Bancorp is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $19.6 million, and for the current fiscal year, it is $2.37 on revenues of $77.3 million [7] - The estimate revisions trend for Hanover Bancorp was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Banks - Northeast industry, to which Hanover Bancorp belongs, is currently in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]