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Hanover Bancorp (HNVR) Loans - Loss Allowance: 2020-2024

Historic Loans - Loss Allowance for Hanover Bancorp (HNVR) over the last 5 years, with Dec 2024 value amounting to $22.8 million.

  • Hanover Bancorp's Loans - Loss Allowance fell 4.49% to $22.4 million in Q3 2025 from the same period last year, while for Sep 2025 it was $22.4 million, marking a year-over-year decrease of 4.49%. This contributed to the annual value of $22.8 million for FY2024, which is N/A change from last year.
  • Latest data reveals that Hanover Bancorp reported Loans - Loss Allowance of $22.8 million as of FY2024, which was up 55.11% from $14.7 million recorded in FY2023.
  • In the past 5 years, Hanover Bancorp's Loans - Loss Allowance registered a high of $22.8 million during FY2024, and its lowest value of $7.9 million during FY2020.
  • For the 3-year period, Hanover Bancorp's Loans - Loss Allowance averaged around $16.8 million, with its median value being $14.7 million (2023).
  • Data for Hanover Bancorp's Loans - Loss Allowance shows a peak YoY skyrocketed of 50.19% (in 2022) over the last 5 years.
  • Over the past 5 years, Hanover Bancorp's Loans - Loss Allowance (Yearly) stood at $7.9 million in 2020, then grew by 8.68% to $8.6 million in 2021, then spiked by 50.19% to $12.8 million in 2022, then climbed by 14.34% to $14.7 million in 2023, then reached $22.8 million in 2024.