Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026)
Hanover Bancorp's (HNVR) quarterly Tax Provisions came in at $1.1 million in Q1 2026, up 349.18% YoY from $244000.0 in Q1 2025, and up 964.08% on a QoQ basis from $103000.0 in Q4 2025.
Hanover Bancorp (HNVR) Tax Provisions (2020 - 2026) Analysis & Trends
Hanover Bancorp (HNVR) has 7 years of Tax Provisions data on file, last reported at $1.1 million in Q1 2026.
- Quarterly Tax Provisions rose 349.18% year-over-year to $1.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.3 million (down 50.54% YoY) and the FY2025 annual result came in at $2.5 million, down 38.85% from the prior year.
- Tax Provisions advanced to $1.1 million in Q1 2026, from $103000.0 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $3.5 million in Q3 2023 to a low of $103000.0 in Q4 2025.
- A 5-year average of $1.4 million and a median of $1.3 million in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 993.1% — and 2025, when it plunged 81.87%.
- Tracing HNVR's Tax Provisions over 5 years: stood at $1.6 million in 2022, then jumped by 120.75% to $3.5 million in 2023, then plunged by 51.95% to $1.7 million in 2024, then tumbled by 93.8% to $103000.0 in 2025, then surged by 964.08% to $1.1 million in 2026.
- The last three Tax Provisions figures came in at $1.1 million (Q1 2026), $103000.0 (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 531.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 537.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -939.17 Mn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -821.11 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 1.12 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -175.22 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 262.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 235.00 Mn |
| 10 | Hanover Bancorp | 196.32 Mn | 54.07 Mn | - | 1.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Mn |
| Mar 31, 2026 | 1.10 Mn |
| Dec 31, 2025 | 103,000.00 |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 940,000.00 |
| Mar 31, 2025 | 244,000.00 |
| Jun 30, 2024 | 1.66 Mn |
| Mar 31, 2024 | 1.35 Mn |
| Sep 30, 2023 | 3.46 Mn |
| Jun 30, 2023 | 2.29 Mn |
| Mar 31, 2023 | 972,000.00 |
| Dec 31, 2022 | 1.57 Mn |
| Jun 30, 2022 | 1.59 Mn |
| Mar 31, 2022 | 1.70 Mn |
| Dec 31, 2021 | 1.94 Mn |
| Sep 30, 2021 | 1.77 Mn |
| Jun 30, 2021 | 145,000.00 |
| Mar 31, 2021 | 514,000.00 |
| Dec 31, 2020 | 404,000.00 |
| Sep 30, 2020 | -914,000.00 |