Hanover Bancorp (HNVR) Research & Development (2020 - 2026)
Hanover Bancorp's (HNVR) quarterly Research & Development came in at $422000.0 in Q1 2026, down 28.84% YoY from $593000.0 in Q1 2025, and up 24.48% on a QoQ basis from $339000.0 in Q4 2025.
Hanover Bancorp (HNVR) Research & Development (2020 - 2026) Analysis & Trends
Hanover Bancorp (HNVR) has 7 years of Research & Development data on file, last reported at $422000.0 in Q1 2026.
- Quarterly Research & Development fell 28.84% year-over-year to $422000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 million (down 56.74% YoY) and the FY2025 annual result came in at $1.8 million, down 16.36% from the prior year.
- Research & Development grew to $422000.0 in Q1 2026, from $339000.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $1.5 million in Q3 2023 to a low of $313000.0 in Q3 2025.
- A 5-year average of $606230.8 and a median of $441000.0 in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development soared 171.93% — and 2025, when it plunged 49.85%.
- Tracing HNVR's Research & Development over 5 years: stood at $418000.0 in 2022, then jumped by 266.75% to $1.5 million in 2023, then slumped by 33.92% to $1.0 million in 2024, then tumbled by 66.54% to $339000.0 in 2025, then increased by 24.48% to $422000.0 in 2026.
- The last three Research & Development figures came in at $422000.0 (Q1 2026), $339000.0 (Q4 2025), and $313000.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Hanover Bancorp | 196.32 Mn | 54.07 Mn | - | 431,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 431,000.00 |
| Mar 31, 2026 | 422,000.00 |
| Dec 31, 2025 | 339,000.00 |
| Sep 30, 2025 | 313,000.00 |
| Jun 30, 2025 | 508,000.00 |
| Mar 31, 2025 | 593,000.00 |
| Jun 30, 2024 | 1.01 Mn |
| Mar 31, 2024 | 518,000.00 |
| Sep 30, 2023 | 1.53 Mn |
| Jun 30, 2023 | 1.02 Mn |
| Mar 31, 2023 | 441,000.00 |
| Dec 31, 2022 | 418,000.00 |
| Jun 30, 2022 | 374,000.00 |
| Mar 31, 2022 | 392,000.00 |
| Dec 31, 2021 | 366,000.00 |
| Sep 30, 2021 | 346,000.00 |
| Jun 30, 2021 | 419,000.00 |
| Mar 31, 2021 | 270,000.00 |
| Dec 31, 2020 | 245,000.00 |
| Sep 30, 2020 | 234,000.00 |