Hanover Bancorp (HNVR) Operating Expenses (2020 - 2025)

Historic Operating Expenses for Hanover Bancorp (HNVR) over the last 6 years, with Q3 2025 value amounting to $12.0 million.

  • Hanover Bancorp's Operating Expenses fell 183.85% 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 1684.15%. This contributed to the annual value of $47.1 million for FY2024, which is N/A changed from last year.
  • Per Hanover Bancorp's latest filing, its Operating Expenses stood at $12.0 million for Q3 2025, which was down 183.85% from $12.6 million recorded in Q2 2025.
  • Hanover Bancorp's Operating Expenses' 5-year high stood at $16.0 million during Q1 2025, with a 5-year trough of $5.7 million in Q1 2021.
  • Over the past 5 years, Hanover Bancorp's median Operating Expenses value was $10.6 million (recorded in 2023), while the average stood at $10.4 million.
  • Per our database at Business Quant, Hanover Bancorp's Operating Expenses skyrocketed by 12990.57% in 2021 and then tumbled by 1865.45% in 2022.
  • Quarter analysis of 5 years shows Hanover Bancorp's Operating Expenses stood at $8.3 million in 2021, then grew by 0.08% to $8.3 million in 2022, then grew by 29.0% to $10.7 million in 2023, then increased by 16.21% to $12.4 million in 2024, then dropped by 3.12% to $12.0 million in 2025.
  • Its Operating Expenses was $12.0 million in Q3 2025, compared to $12.6 million in Q2 2025 and $16.0 million in Q1 2025.