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Hanover Bancorp (HNVR) Interest Expense - Deposits: 2020-2024

Historic Interest Expense - Deposits for Hanover Bancorp (HNVR) over the last 5 years, with Dec 2024 value amounting to $51.5 million.

  • Hanover Bancorp's Interest Expense - Deposits fell 19.61% to $11.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $45.2 million, marking a year-over-year decrease of 11.47%. This contributed to the annual value of $51.5 million for FY2024, which is N/A change from last year.
  • Latest data reveals that Hanover Bancorp reported Interest Expense - Deposits of $51.5 million as of FY2024, which was up 57.62% from $32.6 million recorded in FY2023.
  • In the past 5 years, Hanover Bancorp's Interest Expense - Deposits registered a high of $51.5 million during FY2024, and its lowest value of $3.2 million during FY2022.
  • Its 3-year average for Interest Expense - Deposits is $29.1 million, with a median of $32.6 million in 2023.
  • Per our database at Business Quant, Hanover Bancorp's Interest Expense - Deposits tumbled by 58.37% in 2021 and then spiked by 931.17% in 2023.
  • Hanover Bancorp's Interest Expense - Deposits (Yearly) stood at $9.2 million in 2020, then crashed by 58.37% to $3.8 million in 2021, then dropped by 17.16% to $3.2 million in 2022, then spiked by 931.17% to $32.6 million in 2023, then reached $51.5 million in 2024.