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Hanover Bancorp (HNVR) Operating Expenses: 2020-2025

Historic Operating Expenses for Hanover Bancorp (HNVR) over the last 6 years, with Sep 2025 value amounting to $12.0 million.

  • Hanover Bancorp's Operating Expenses fell 1.84% to $12.0 million in Q3 2025 from the same period last year, while for Sep 2025 it was $53.0 million, marking a year-over-year increase of 16.84%. This contributed to the annual value of $47.1 million for FY2024, which is N/A change from last year.
  • As of Q3 2025, Hanover Bancorp's Operating Expenses stood at $12.0 million, which was down 4.78% from $12.6 million recorded in Q2 2025.
  • In the past 5 years, Hanover Bancorp's Operating Expenses registered a high of $16.0 million during Q1 2025, and its lowest value of $5.7 million during Q1 2021.
  • In the last 3 years, Hanover Bancorp's Operating Expenses had a median value of $11.7 million in 2024 and averaged $11.8 million.
  • Per our database at Business Quant, Hanover Bancorp's Operating Expenses soared by 129.91% in 2021 and then fell by 18.65% in 2022.
  • Quarterly analysis of 5 years shows Hanover Bancorp's Operating Expenses stood at $8.3 million in 2021, then climbed by 0.08% to $8.3 million in 2022, then climbed by 29.00% to $10.7 million in 2023, then rose by 16.21% to $12.4 million in 2024, then decreased by 1.84% to $12.0 million in 2025.
  • Its last three reported values are $12.0 million in Q3 2025, $12.6 million for Q2 2025, and $16.0 million during Q1 2025.