Hanover Bancorp (HNVR) Research & Development (2020 - 2026)
Hanover Bancorp (HNVR) reported Research & Development of $422000.0 for Q1 2026, down 28.84% on a YoY basis from $593000.0 in Q1 2025, and up 24.48% quarter-over-quarter from $339000.0 in Q4 2025.
Hanover Bancorp (HNVR) Research & Development (2020 - 2026) Analysis & Trends
Hanover Bancorp has reported Research & Development for 7 years, with the latest figure at $422000.0 in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 28.84% year-over-year to $422000.0; the trailing twelve-month figure through Mar 2026 stood at $1.6 million (down 25.45% YoY), and the FY2025 full-year result was $1.8 million, down 16.36% from the prior year.
- Research & Development for Q1 2026 stood at $422000.0, up from $339000.0 in the prior quarter.
- The five-year high for Research & Development was $593000.0 in Q1 2025, with the low at $313000.0 in Q3 2025.
- Historically, Research & Development has averaged $454230.8 across 5 years, with a median of $441000.0 in 2023.
- Annual changes were most pronounced in 2023 — Research & Development jumped 54.01% — and 2026, when it fell 28.84%.
- Hanover Bancorp's Research & Development stood at $418000.0 in 2022, then climbed by 23.44% to $516000.0 in 2023, then decreased by 4.07% to $495000.0 in 2024, then plunged by 31.52% 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 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 1.10 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 554,000.00 |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Hanover Bancorp | 178.34 Mn | -16.10 Mn | - | 422,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 495,000.00 |
| Mar 31, 2024 | 518,000.00 |
| Sep 30, 2023 | 516,000.00 |
| Jun 30, 2023 | 576,000.00 |
| 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 |
| Jun 30, 2020 | 211,000.00 |