Hanover Bancorp (HNVR) Non Operating Interest Expenses (2020 - 2024)

Hanover Bancorp (HNVR) has reported Non Operating Interest Expenses for 5 consecutive years, with $19.5 million the latest figure, recorded in Q1 2024.

• For the quarter ending Q1 2024, Non Operating Interest Expenses rose 75.08% year-over-year to $19.5 million; the trailing twelve-month figure through Mar 2024 stood at $62.7 million (up 171.9% YoY), and the FY2023 full-year result was $50.6 million, up 604.54% from the prior year.
• Non Operating Interest Expenses advanced to $19.5 million in Q1 2024 per HNVR's latest filing, from $17.2 million in the prior quarter.
• Across five years, Non Operating Interest Expenses topped out at $19.5 million in Q1 2024 and bottomed at $1.2 million in Q1 2022.
• Historically, Non Operating Interest Expenses has averaged $5.8 million across 5 years, with a median of $2.8 million in 2020.
• The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 58.08% in 2021, then surged 939.19% in 2023.
• Over 5 years, Non Operating Interest Expenses stood at $2.2 million in 2020, then tumbled by 37.93% to $1.3 million in 2021, then jumped by 442.54% to $7.3 million in 2022, then jumped by 134.72% to $17.2 million in 2023, then grew by 13.67% to $19.5 million in 2024.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $19.5 million, $17.2 million, and $15.0 million for Q1 2024, Q3 2023, and Q2 2023 respectively.