Hanover Bancorp (HNVR) Operating Expenses (2020 - 2026)
Hanover Bancorp's (HNVR) quarterly Operating Expenses came in at $15.6 million in Q1 2026, down 2.44% YoY from $16.0 million in Q1 2025, and up 26.27% on a QoQ basis from $12.4 million in Q4 2025.
Hanover Bancorp (HNVR) Operating Expenses (2020 - 2026) Analysis & Trends
Hanover Bancorp (HNVR) has 7 years of Operating Expenses data on file, last reported at $15.6 million in Q1 2026.
- Quarterly Operating Expenses fell 2.44% year-over-year to $15.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $52.6 million (up 36.71% YoY) and the FY2025 annual result came in at $53.0 million, up 12.46% from the prior year.
- Operating Expenses climbed to $15.6 million in Q1 2026, from $12.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $31.4 million in Q3 2023 to a low of $8.3 million in Q4 2022.
- A 5-year average of $14.7 million and a median of $12.4 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 142.07% — and 2025, when it tumbled 43.86%.
- Tracing HNVR's Operating Expenses over 5 years: stood at $8.3 million in 2022, then soared by 280.24% to $31.4 million in 2023, then fell by 28.54% to $22.5 million in 2024, then sank by 45.01% to $12.4 million in 2025, then rose by 26.27% to $15.6 million in 2026.
- The last three Operating Expenses figures came in at $15.6 million (Q1 2026), $12.4 million (Q4 2025), and $12.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | Hanover Bancorp | 196.32 Mn | 54.07 Mn | - | 13.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.65 Mn |
| Mar 31, 2026 | 15.61 Mn |
| Dec 31, 2025 | 12.36 Mn |
| Sep 30, 2025 | 12.01 Mn |
| Jun 30, 2025 | 12.62 Mn |
| Mar 31, 2025 | 16.00 Mn |
| Jun 30, 2024 | 22.47 Mn |
| Mar 31, 2024 | 10.80 Mn |
| Sep 30, 2023 | 31.45 Mn |
| Jun 30, 2023 | 21.13 Mn |
| Mar 31, 2023 | 10.57 Mn |
| Dec 31, 2022 | 8.27 Mn |
| Jun 30, 2022 | 8.73 Mn |
| Mar 31, 2022 | 9.36 Mn |
| Dec 31, 2021 | 8.26 Mn |
| Sep 30, 2021 | 7.96 Mn |
| Jun 30, 2021 | 10.73 Mn |
| Mar 31, 2021 | 5.73 Mn |
| Dec 31, 2020 | 5.59 Mn |
| Sep 30, 2020 | 5.57 Mn |