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Hanover Bancorp (HNVR) Research & Development: 2020-2024

Historic Research & Development for Hanover Bancorp (HNVR) over the last 5 years, with Dec 2024 value amounting to $2.1 million.

  • Hanover Bancorp's Research & Development fell 42.78% to $313,000 in Q3 2025 from the same period last year, while for Sep 2025 it was $1.9 million, marking a year-over-year decrease of 6.70%. This contributed to the annual value of $2.1 million for FY2024, which is N/A change from last year.
  • Per Hanover Bancorp's latest filing, its Research & Development stood at $2.1 million for FY2024, which was up 7.43% from $2.0 million recorded in FY2023.
  • Over the past 5 years, Hanover Bancorp's Research & Development peaked at $2.1 million during FY2024, and registered a low of $911,000 during FY2020.
  • Over the past 3 years, Hanover Bancorp's median Research & Development value was $2.0 million (recorded in 2023), while the average stood at $1.9 million.
  • Data for Hanover Bancorp's Research & Development shows a peak YoY spiked of 40.50% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Hanover Bancorp's Research & Development stood at $911,000 in 2020, then spiked by 40.50% to $1.3 million in 2021, then increased by 27.27% to $1.6 million in 2022, then climbed by 19.77% to $2.0 million in 2023, then reached $2.1 million in 2024.